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SharpLink opposes Ethereum plan to cut staking rewards, warning it could hurt institutional appeal and DeFi costs.

Market News
07 Aug 2026
Crypto news
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Bearish
SharpLink opposes Ethereum plan to cut staking rewards, warning it could hurt institutional appeal and DeFi costs.

SharpLink CEO Joseph Chalom opposes Ethereum's proposed EIP-8361 plan to gradually eliminate issuance-based staking rewards as more ETH is staked, arguing it would weaken Ethereum's economic advantages and institutional appeal. The proposal would reduce validator issuance rewards to zero near a 50% staking ratio, potentially increasing capital costs and pushing DeFi collateral to yield-producing assets. SharpLink, which stakes nearly all its ETH and has earned over 18,000 ETH in rewards, supports controlling issuance but prefers relying on Ethereum's existing base-fee burn mechanism. The debate continues as the proposal remains a draft and could impact Ethereum's staking ecosystem and DeFi markets if adopted.

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Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's Moscow Exchange (MOEX) will launch perpetual futures contracts for XRP alongside Bitcoin, Ethereum, Solana, and TRON on September 22. These contracts, quoted in USD but settled in Russian rubles, allow qualified investors to gain price expos...

Market News
Bullish
4 hours ago
STX rises 13% as strong buying and bullish signals boost investor confidence

STX rises 13% as strong buying and bullish signals boost investor confidence

Stacks (STX) surged about 13% recently due to increased buying in the Spot Market, where traders accumulated STX by moving purchases into private wallets, indicated by a negative Netflow of around -$165,000. Over the past ten days, accumulation has t...

Market News
Bullish
4 hours ago
$1.56M FET stolen in SingularityNET bridge exploit; Fetch.ai halts AGIX-to-FET conversions for review

$1.56M FET stolen in SingularityNET bridge exploit; Fetch.ai halts AGIX-to-FET conversions for review

An unauthorized party exploited the SingularityNET bridge infrastructure, withdrawing about $1.56 million worth of FET tokens. Fetch.ai confirmed its own contracts remain secure and unaffected, but paused AGIX-to-FET conversions and the Ethereum-side...

Market News
Bearish
5 hours ago
Hyperliquid's open interest hits $8.1B, capturing nearly 11% of global perpetual futures market.

Hyperliquid's open interest hits $8.1B, capturing nearly 11% of global perpetual futures market.

Hyperliquid, a decentralized perpetuals exchange, reached an all-time high open interest of $8.1 billion on September 20, 2026, representing about 10.9% of the global perpetual futures market. This milestone was driven by the launch of tokenized trad...

Protocol Fundamentals
Bullish
5 hours ago
Bitcoin rebounds to nearly $82,000 but faces resistance amid geopolitical tensions and technical signals.

Bitcoin rebounds to nearly $82,000 but faces resistance amid geopolitical tensions and technical signals.

Bitcoin recovered from $75,000 to nearly $82,000 last week, driven by institutional demand and short position liquidations. However, the price hit strong resistance between $81,500 and $82,300, limiting further gains. Geopolitical tensions in the Mid...

Market News
Neutral
5 hours ago
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