Ethereum2026-08-09 05:22:14SharpLink CEO Joseph Chalom opposes EIP-8363, says cutting staking rewards would weaken Ethereum’s edgeSharpLink CEO Joseph Chalom has publicly pushed back against Ethereum proposal EIP-8363, arguing that slashing consensus-layer staking rewards would remove one of ETH’s clearest advantages over Bitcoin and destabilize parts of DeFi built around staking yields. The proposal, introduced on Aug. 4 by Ethereum researcher Justin Drake, Jérôme de Tychey and others, would start burning validator consensus rewards as total staked ETH approaches 60.25 million ETH, or about 50% of current supply. Once that threshold is crossed, consensus-layer rewards would drop to zero. Chalom said the move would effectively eliminate roughly 85% of today’s staking income, since most validator yield still comes from protocol issuance rather than MEV and tips. He also warned of a possible inflation paradox: if lower staking returns reduce DeFi activity and on-chain transactions, ETH burned through EIP-1559 base fees could also decline, leaving the asset more inflationary instead of less. The dispute highlights a deeper split in Ethereum governance between those focused on limiting over-staking and those who see staking income as central to ETH’s institutional appeal and security model.1940
Sharplink2026-08-08 00:21:57Sharplink and Galaxy Launch $125M Onchain Yield FundNasdaq-listed Sharplink, Inc. (ticker: SBET) and Galaxy Digital Inc. (ticker: GLXY) have jointly unveiled a new investment vehicle, the Galaxy Sharplink Onchain Yield Fund, LP. The fund, which will be managed by Galaxy, is designed as an institutional-grade limited partnership focused on on-chain yield generation. It has raised $125 million in initial committed capital, with $100 million sourced from Sharplink's staked ETH treasury and the remaining $25 million contributed by Galaxy. According to the announcement, the fund will allocate capital to decentralized finance (DeFi) and on-chain yield strategies. The move reflects a broader shift among corporate treasuries from passively holding digital assets to actively engaging with on-chain market opportunities. Galaxy said the launch extends its asset management platform to cover institutional-grade on-chain strategies, a step that brings together the expertise of a Nasdaq-listed company and a leading digital asset manager. The vehicle is structured as a limited partnership, as indicated by its LP designation.1880
Ethereum2026-08-07 13:00:29SharpLink Co-Founder Opposes Ethereum EIP-8361, Warns It Would Starve Validators and Weaken DeFiSharpLink co-founder Joseph Chalom has come out against Ethereum's EIP-8361 "Tapered Issuance Burn" proposal, warning it would sharply cut staking rewards and ultimately drive validator earnings to zero once staked supply reaches about half of the total. After that point, validators would rely mainly on transaction tips, which currently account for roughly 15% of their income. Chalom argues the change would weaken DeFi, remove ETH's native-yield advantage over Bitcoin, raise on-chain capital costs, and push smaller staking operators out. He also says the proposal is poorly timed, pointing to a wave of institutional adoption: Robinhood building a new chain on an Ethereum Layer 2, BlackRock tokenizing money market fund shares, and BNY Mellon adding staking to its custody platform via Galaxy Digital. SharpLink agrees ETH should become scarcer over time, but prefers the existing base fee burn mechanism over a fundamental overhaul of the protocol's economy at this stage.1940
crypto stocks2026-08-06 13:30:51Bitget Data: Most Crypto Stocks Fall as Cipher Digital Drops 12.44%According to Bitget market data, crypto-related U.S. equities were broadly lower over the past 24 hours. Sharplink (SBET) added 0.48% and BitGo (BTGO) rose 0.20%, making them the only gainers listed in the update. On the downside, Cipher Digital (CIFR) fell 12.44%, the largest decline in the update. Riot Platforms (RIOT) slid 7.70%, Galaxy Digital (GLXY) dropped 7.31%, IREN Ltd lost 6.70%, TeraWulf (WULF) slipped 6.65%, and MARA Holdings declined 6.44%. Gemini (GEMI) fell 4.43%, Coinbase (COIN) dropped 2.38%, and Strategy (MSTR) lost 1.93%. Smaller declines were seen in Circle (CRCL), which was down 1.55%, Bullish (BLSH) down 1.02%, Strive (ASST) down 0.78%, and BitMine (BMNR) down 0.22%. The snapshot, taken from Bitget's stock market section, shows a mostly red session for the crypto equity group, with double-digit losses concentrated in Cipher Digital during the measured 24-hour window.1960
Sharplink2026-08-04 14:25:59Sharplink says weekly Ethereum staking income reached 417 ETHSharplink said in a post on X that its cumulative Ethereum staking rewards have reached 24,755 ETH since the company launched its ETH treasury strategy. The company also said it earned 417 ETH in staking rewards over the past week. The figures were disclosed directly by Sharplink, with no additional details provided in the post cited by Odaily.1780
SharpLink2026-08-01 14:00:00SharpLink co-CEO says Ethereum can keep earning through the bear market as tokenization gains groundSharpLink co-CEO Joseph Chalom used a wide-ranging interview in Washington to argue that market sentiment around Ethereum has drifted away from the network’s actual position in crypto. He said Ethereum still accounts for more than 50% of stablecoin transaction volume, close to 60% of tokenized real-world assets, and the bulk of DeFi activity, even as criticism of the Ethereum Foundation has weighed on confidence. Chalom said SharpLink, alongside ConsenSys founder Joe Lubin and Bitmine’s Tom Lee, has backed three teams spun out of the Ethereum Foundation: ETH Labs for institution-grade scaling, Ethereum Institutional for go-to-market work, and EthSystems for privacy and compliance tools. He also laid out SharpLink’s treasury approach in the current downturn. The company, he said, buys ETH and puts it to work from day one through staking and DeFi, aiming to earn more than the 2.5% to 3% available from native staking. Chalom stressed that SharpLink has not borrowed against its ETH, issued preferred shares, or used leverage during the bear market. In his view, that discipline matters because ETH is a productive asset, unlike bitcoin, which often requires stock-linked financing structures to generate additional exposure. He added that tokenization, round-the-clock trading and clearer rules under the proposed Clarity Act could push institutions from experimentation into full production.1980
Bitget2026-07-29 13:30:54Bitget data shows mixed moves in U.S. crypto stocks, with Sharplink up 5.24% and Gemini down 4.01%Bitget market data showed a split performance across U.S.-listed crypto-related stocks over the past 24 hours. On the gainers side, SBET (Sharplink) rose 5.24%, COIN (Coinbase) added 3.00%, BMNR (BitMine) climbed 2.11%, and CRCL (Circle) advanced 1.98%. MSTR (Strategy) and BLSH (Bullish) each gained 0.68%. On the losing side, MARA (MARA Holdings) fell 0.35%, RIOT (Riot Platforms) slipped 0.90%, and BTGO (BitGo) declined 1.40%. Bigger drops were seen in WULF (TeraWulf), down 2.19%, CIFR (Cipher Digital), down 3.36%, and IREN (IREN Ltd), down 3.48%. GEMI (Gemini) posted the steepest decline in the group, falling 4.01%. The figures reflect a mixed session for the U.S. crypto equity segment rather than a uniform market move.1880
Ethereum2026-07-29 07:44:21SharpLink executive says Ethereum is outpacing sentiment as the firm keeps buying and putting ETH to workSharpLink executive Joseph Chalom argued that market sentiment around Ethereum has drifted away from its fundamentals, even as the network continues to dominate several of the sectors institutions care about most. Speaking in an interview recorded in Washington at Injective Summit 2026, Chalom said Ethereum accounts for more than 50% of stablecoin transaction volume, close to 60% of tokenized real-world assets, and the vast majority of DeFi activity. In his view, Ethereum is still winning on usage, but weak communication around changes at the Ethereum Foundation has clouded market confidence. Chalom also outlined how SharpLink and its partners are responding. He said the firm, together with ConsenSys founder Joe Lubin and Bitmine’s Tom Lee, has backed three spinout teams from the Ethereum Foundation: ETH Labs, Ethereum Institutional, and EthSystems. Those groups are focused on institutional scaling, go-to-market efforts, and privacy and compliance infrastructure. He described those three areas as central to institutional adoption over the next year and beyond. On SharpLink’s own strategy, Chalom said the company buys ETH, stakes it for yield, deploys capital through DeFi, and avoids leverage. He said SharpLink has not borrowed, issued preferred shares, or pledged its ETH as collateral. He also pointed to the company’s partnership with Galaxy on a $125 million fund designed to seed new protocols. Odaily noted separately that SharpLink bought another 10,000 ETH in June at an average cost of about $1,611, bringing total holdings to 886,725 ETH.2020
