Trump says CFTC is moving to bring Hyperliquid into the US legally
President Donald Trump said Michael Selig, chairman of the CFTC, is working to bring perpetuals trading platforms such as Hyperliquid into the United States in a fully lawful and compliant manner. Speaking at a joint press conference with technology leaders and heads of federal agencies on Wednesday, Trump said Selig is working to bring perpetual futures markets into the country. The CFTC previously approved KalshiEX and Coinbase to list bitcoin perpetuals in the US for the first time. JPMorgan analysts said blockchain-based perpetual platforms such as Hyperliquid have surged in popularity because non-crypto traders are turning to 24-hour markets to access certain assets such as oil outside traditional market hours. Traditional exchanges such as CME and ICE are concerned that such platforms could be used to manipulate prices and distort markets, and want them to register with the CFTC, according to a Bloomberg report. After the press conference, Hyperliquid's HYPE token rose 17% over the past 24 hours, according to price data from The Block, while the 21Shares Hyperliquid ETF, Bitwise Hyperliquid ETF and Grayscale Hyperliquid Staking ETF rose nearly 20% in Wednesday's session. Hyperliquid Strategies, listed on Nasdaq, rose 30.4% on the same day. Trump also called on members of Congress to pass the Clarity Act, a broad cryptocurrency bill that would provide comprehensive federal oversight of the industry for the first time, describing it as a very structured and powerful law that would help the United States stay ahead of China and all other countries.
XRP Falls Below $1 for First Time Since November 2024
XRP fell as low as $0.99 during the August 12 session, slipping below $1 for the first time since November 2024. The token first crossed $1 on Nov. 16, 2024, before reaching a peak of $3.42 in July 2025, but the broader crypto market downturn has since erased much of that advance. Derivatives exposure has been rebuilding, with Binance's seven-day change in XRP open interest moving from about -13% on Aug. 1 to +7.4% by Aug. 11, while market-order data continued to favor sellers, as Binance's perpetual cumulative volume delta fell from roughly -$251M at the beginning of August to -$349.5M by Aug. 11. US-listed XRP investment products saw four consecutive months of inflows exceeding $300M, with monthly totals of $81.59 million in April, $131.94M in May, $59.46M in June, and $27.29M in July, as reported by CoinGlass. In contrast, 21Shares' XRP ETF, TOXR, reported a 54.4% decline in net assets by the end of June, dropping to $112.9M from $247.7M in December, and remained the only US spot XRP ETF with negative cumulative flows since launch, at around $20M.
Fidelity is adding quarterly staking payments to its spot Ethereum exchange-traded fund, the Fidelity Ethereum Fund, which holds $898 million in net assets. The asset manager said it may stake up to 100% of the fund's Ethereum, though some will be kept for redemptions and liquidity needs. Staking rewards will first cover fund expenses, with the remainder distributed as quarterly cash payouts to investors. Fidelity joins Grayscale and 21Shares in offering staking on existing Ethereum funds.
21shares élargit l’accès de trois ETP crypto aux investisseurs particuliers français avec BitGo comme dépositaire conforme à MiCA
21shares a annoncé que trois de ses ETP crypto sont désormais plus facilement accessibles aux investisseurs particuliers en France via leurs comptes de courtage ou bancaires existants. Les produits concernés sont l’ETP 21shares Bitcoin Core, l’ETP 21shares Solana Core Staking et l’ETP 21shares XRP, tous adossés à des actifs physiques et cotés sur Euronext Paris et Deutsche Börse Xetra. Cette évolution fait suite au transfert de ces ETP vers BitGo Europe GmbH, un dépositaire réglementé titulaire d’une licence MiCA délivrée par la BaFin, garantissant ainsi le respect des normes européennes les plus strictes en matière de sécurité et de ségrégation des actifs. 21shares, qui propose la plus large gamme d’ETP crypto cotés sur Euronext Paris avec 49 produits, souligne que cette initiative supprime les frictions liées aux procédures de contrôle préalable pour les banques et courtiers tout en offrant une protection de qualité institutionnelle au grand public. L’ETP Bitcoin Core affiche des frais de gestion de seulement 0,10 % par an, ce qui en fait l’un des produits les plus compétitifs du marché français.
21shares announces 1-for-10 reverse share split for 21Shares 2x Long Sui ETF
21shares has announced a 1-for-10 reverse share split for the 21Shares 2x Long Sui ETF, effective July 6, 2026. Every ten existing shares were automatically exchanged for one new share, reducing the total number of outstanding shares by approximately 90% while the per-share net asset value and opening market price increased by a factor of about ten. The reverse split is a purely structural modification, leaving total investment value unaffected; for example, 1,000 shares at $10.00 each become 100 shares at $100.00 each. Shares began trading on a split-adjusted basis under a new CUSIP identifier, and brokerage accounts have been updated automatically.
21shares announces staking reward distributions for five crypto ETFs
21shares declared shareholder distributions for its Ethereum, Solana, Hyperliquid, Sui, and Polkadot ETFs, consisting of staking rewards earned by each fund. The per-share amounts are $0.009466 for TETH, $0.035949 for TSOL, $0.037305 for THYP, $0.016531 for TSUI, and $0.056134 for TDOT, with an ex/record date of June 29, 2026 and payable on June 30, 2026. The distributions reflect rewards from staked ETH, SOL, HYPE, SUI, and DOT tokens respectively. 21shares is one of the world’s largest issuers of cryptocurrency exchange traded products.
21shares published its State of Crypto 2026: Mid-Year Update, auditing ten industry forecasts. Global crypto ETP assets under management settled at $140 billion, down 15% year-to-date, while net underlying Bitcoin holdings remained within 8% of all-time highs at 1.25 million coins. Decentralised prediction market volume reached $57.5 billion through May, on pace to challenge $200 billion for the full year. Ethereum Layer-2 total value locked concentrated sharply, with Base, Arbitrum, and Optimism capturing 83% of DeFi TVL. Real-world asset tokenisation on public blockchains stands at $31 billion, but including permissioned networks like Canton pushes the figure to approximately $350 billion, ahead of the DTCC's planned tokenisation of DTC-custodied US Treasuries later this year.