A 2026 staking guide argues that nominal APY is no longer enough. Ethereum staking yield has fallen below 2%, while some double-digit headline rates shrink sharply after inflation, unlock pressure, and weak token value capture are factored in.

Global crypto market cap hits $2.35T, up 1.5%. EVAA leads gainers with 58% spike; Audiera drops 25%. Nigeria passes bill second reading, Spain CNMV sets June 30 deadline, U.S. introduces crypto theft task force bill.

Developments across crypto, regulation, trading infrastructure, and adjacent tech sectors piled up between July 21 and July 22. Jito Labs rolled out JTX, a self-custodial trading venue on Solana for spot trading in ecosystem tokens and tokenized real-world assets. Telegram founder Pavel Durov said the company plans to ship a native non-custodial Gram wallet inside every Telegram client this summer, a move he described as a wallet deployment for more than 1 billion users. In regulation, Russia’s State Duma passed its first comprehensive crypto law, while Pakistan’s FIA set up a virtual asset investigation unit focused on money laundering and terrorist financing. In the U.S., Coinbase published a postmortem on its July 14 outage, saying a Kubernetes resource naming conflict disrupted transfers, card payments, and on-chain services but did not put customer funds at risk. The broader news cycle also included ETF flow data, legal action over an Illinois digital asset tax, new trading products from Arcus and Kalshi, additional financing for Digital Asset, and a Chapter 11 filing by Movement Labs.

A MarsBit feature published on July 17 argues that two separate developments may reshape parts of the crypto market: Jito DAO is trying to hardwire token value capture through JIP-38, while Ethereum treasury companies such as Bitmine and SharpLink are starting to fund protocol development as the Ethereum Foundation tightens spending. According to the article, JIP-38 would send JTX revenue allocated to the DAO into programmatic open-market buybacks and burns of JTO through at least the fourth quarter of 2027. The proposal gives the DAO 80% of JTX platform fees, with the remaining 20% reserved for reinvestment into the same platform. The piece argues that the real test is not rhetoric about “token-centric” models, but who receives revenue, who can shut off the burn mechanism, whether governance can remove operators, and whether company income has actually been redirected to token holders before. On Ethereum, the article says the funding mix is changing. After staff cuts and budget reductions at the Ethereum Foundation, new entities such as ETH Labs, Ethereum Institutional, and EthSystems emerged in quick succession. Behind that shift, the piece points to Bitmine, SharpLink, and Joe Lubin. It frames treasury companies’ move into protocol spending as a response to shrinking mNAV multiples and underwater ETH positions, with staking yield becoming a possible source of self-sustaining research and development capital.

Jito has unveiled governance proposal JIP-38, setting out a hard value-capture rule for revenue tied to its newly launched trading platform, JTX. Under the plan, all of the DAO’s share of JTX revenue — defined as 80% of platform fees — would be used for programmatic open-market buybacks of JTO, with all purchased tokens permanently burned. The commitment would run from JTX’s launch through at least the fourth quarter of 2027, when token holders would revisit the arrangement through governance. The proposal also formalizes a broader token-centric revenue framework. Jito said 20% of JTX fees would be retained for platform reinvestment and development, while other major network revenue streams, including JitoSOL-related fees, BAM income and Block Engine revenue, would flow to the DAO and remain subject to JTO holder votes. The move comes as Jito expands from core Solana infrastructure into trading applications and as JitoSOL’s staked SOL has fallen from 18 million in June 2025 to below 10 million, according to the project’s website cited in the source article.

Jito Network said on July 13 that it will direct 100% of revenue from JTX platform revenue sharing toward buying back and burning JTO for at least the next year. According to the announcement, all proceeds generated through JTX revenue sharing will be used on an ongoing basis to repurchase JTO from the secondary market. The tokens bought back under the plan will then be permanently destroyed. Jito Network said the move is intended to reduce JTO’s circulating supply. The update was reported by BlockBeats.

JTO climbed more than 10% over the past 24 hours, according to HTX market data, with the token last quoted at $0.6714 and its market capitalization rising to $609 million. The move came alongside a new announcement from Jito Network. The project said 100% of the revenue it receives from JTX platform revenue-sharing will be used to buy back and burn JTO tokens for at least the next year. The update tied the token’s price move to a concrete change in token support plans, while also giving the market a defined timeframe for the buyback-and-burn program. The figures cited in the report were attributed to HTX market data, and the announcement on capital allocation came directly from Jito Network.

Jito said Jito DAO has released JIP-38, a proposal that would formalize Jito as a token-centric network and route all network revenue to the DAO under JTO governance. The revenue pool would include fees from JitoSOL, BAM, block engine operations, and the 80% share of JTX platform fees allocated to the DAO. Under the proposal, 100% of the DAO’s JTX revenue share would be used to buy back JTO on the open market and burn the tokens. The commitment would run for at least one year, through the fourth quarter of 2027. Jito also said the process would be executed programmatically through the Rev Splitter mechanism, with fee collection, buyback, and burn data disclosed every epoch. In the fourth quarter of 2027, the DAO would conduct a full review of all fee flows, and token holders would vote on what comes next.