Razer introduced the Hammerhead HyperSpeed TWS headphones. Two versions will go on sale: black and green for the Xbox and black and white for the PlayStation.
Headphones support Bluetooth 5.2 and Wi-Fi 2.4 GHz. The kit comes with a special dongle with USB-C (or with an adapter to USB-A for Xbox consoles) to reduce the delay in signal transmission.

There’s active noise cancellation, Chroma RGB lighting, and a battery life of up to 30 hours with the charging case. The headphones themselves will last about eight hours.
The Xbox version is final. This is what the headphones will look like when they go on sale in November. The price is $150. The PlayStation version is still in the works, but the company showed the preliminary design anyway:

If color is not so important to you, you can purchase the black version: the headphones will work with both Xbox and PlayStation. But the PS5 version will not work with the Xbox.