Cboe has filed an application with the U.S. Securities and Exchange Commission (SEC) seeking to launch the first U.S. 3x leveraged Bitcoin and Ethereum exchange-traded funds (ETFs). The products would track the daily triple returns of BTC and ETH, offering investors leveraged crypto exposure that can amplify gains while increasing risk. If approved, the ETFs would expand the U.S. crypto-derivatives landscape and provide professional investors with additional tools for hedging and speculation.

Grayscale estimates proposed tokenomics changes for Ethereum and Solana could bring annual supply inflation down to about 0.4% for ETH and 1.1% for SOL by 2031, boosting scarcity while reducing staking rewards. Stellar added MoneyGram, Figure and Range as Tier 1 validators to strengthen network security. Kraken parent Payward reported $508M in Q2 revenue, up 17% year over year, even as trading volume fell 13%. Bitcoin ETFs posted a weekly net outflow of $389.7M, while Ethereum ETFs recorded weekly net inflows of $6.7M.

Bitcoin spot ETFs recorded about $389.7 million in net outflows last week, while Ethereum spot ETFs saw $6.7 million in net inflows. The flow split suggests short-term demand tilted toward Ethereum over Bitcoin. Prediction-market data put the probability of Ethereum rising to $2,250 before year-end at 56%.

Grayscale said proposed tokenomics changes for Ethereum and Solana could sharply reduce their supply inflation. By 2031, annual supply inflation could fall to roughly 0.4% for ETH and 1.1% for SOL, according to Grayscale. The changes would increase scarcity for both assets while reducing staking rewards. The proposals have not been finalized.

Securitize said average tokenized assets under management reached $4.3 billion in the second quarter, up 16% from a year earlier, while aggregate transaction volume surged 147% to $5.3 billion. Revenue fell 5% to $14.4 million and the company posted a $21.7 million net loss, according to its second-quarter results. The increase in activity was driven mainly by subscriptions and redemptions in BlackRock’s BUIDL and BUIDL-I funds, plus a $250 million subscription to the Securitize Tokenized AAA CLO Fund. BUIDL holders can also swap into USDC through UniswapX RFQs, but only via whitelisted market makers and gated participation.

Hyperliquid’s open interest rose above $11 billion in July, the highest level this year, while 30-day perpetual futures volume neared $178 billion. The platform accounts for roughly 9% of global perpetual futures open interest, according to a report. Even so, protocol revenue has declined for four consecutive quarters, sliding from a $357 million peak in Q3 2025 to about $202 million in Q2 2026. The drop has reduced funds available for HYPE token buybacks.

Evernorth Holdings is revising its planned $1 billion Nasdaq transaction after XRP fell well below the deal’s original $2.36 valuation assumption. Under the updated structure, each $10 share would represent a larger amount of XRP, with the final XRP allocation tied to XRP’s volume-weighted average price (VWAP) at closing. Evernorth currently controls 473.27 million XRP. The original deal was based on an XRP price of $2.36, which is now substantially higher than the current level.

Crypto treasury firm Evernorth Holdings is revising the terms of its planned $1B Nasdaq listing after XRP traded far below the deal’s initial assumptions. The original structure assumed XRP at $2.36 with shares priced at $10, while XRP is now around $1. Under the revised plan, shares will still be priced at $10, but the amount of XRP represented per share will be set based on XRP’s VWAP at closing. Evernorth holds 473.27 million XRP worth roughly $473 million, and more than 95% of committed investors have approved the updated terms.