Mike Silagadze, CEO of ether.fi, has publicly bet $1 million that Ethereum's proposed EIP-8363, which introduces a tapered burn on validator rewards as staking increases, will centralize the network by pushing out smaller validators. The proposal aims to reduce issuance rewards as total staked ETH approaches 50% of supply, potentially lowering yields for solo stakers who face real capital costs. Large custodians with lower marginal costs could dominate staking, raising centralization concerns. The Ethereum validator community overwhelmingly opposes the proposal, fearing it could harm DeFi collateral markets and network decentralization. The bet highlights ongoing debate about balancing staking growth and network security.
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to t...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
Binance has launched perpetual futures contracts for two new crypto tokens: PONS from Robinhood Chain and HAJIMI from BNB Smart Chain. PONS, a utility token with a deflationary model, offers up to 20x leverage and nears a $1 billion market cap, while...
Tokenized equity trading volume reached nearly $3 billion weekly in August, driven mainly by Robinhood Chain, BNB Chain, and Solana. Despite this growth, only about 5% of tokenized stocks are used in onchain financial applications, with total value l...
