Amplify ETFs has introduced the XRPM fund, aiming to generate 3% monthly income and a 36% annual option premium through weekly covered-call strategies. The actively managed ETF provides exposure to XRP price movements without directly investing in the cryptocurrency.

Crypto investment products saw $513 million in net outflows last week, according to CoinShares. Ethereum-focused funds attracted $205 million in inflows despite broader market outflows. Bitcoin-related products drove most of the decline with $946 million in outflows. U.S. markets accounted for $621 million of the total outflows.

Decentralized exchange Aster has fully reimbursed traders liquidated during a technical glitch affecting XPL perpetual contracts on Thursday. The anomaly caused XPL prices to spike from $1.30 to over $4 briefly, triggering forced liquidations worth millions before the exchange intervened and resolved the issue within hours.

Internet infrastructure giant Cloudflare announced plans to launch its dollar-backed NET Dollar stablecoin amid forecasts projecting stablecoin market growth to $1.9-4 trillion by 2030. Simultaneously, the U.S. Senate Finance Committee scheduled an October 1 hearing on crypto taxation featuring testimony from Coinbase's tax VP and other industry experts.

Cipher Mining has entered a 10-year AI hosting partnership with Fluidstack valued at approximately $3 billion, featuring a $1.4 billion guarantee from Google. The deal grants Google a 5.4% equity stake via warrants for 24 million shares. Simultaneously, Cipher proposed an $800 million private offering of zero-coupon convertible notes to fund expansion.

Ethereum co-founder Vitalik Buterin emphasized that PeerDAS (Peer Data Availability Sampling) in the upcoming Fusaka upgrade will be fundamental to scaling both Layer 1 and Layer 2 solutions. This technology allows nodes to verify blocks without storing complete data, with Ethereum recently hitting six blobs per block for the first time.