Author: NBTC

Joseph Chalom said SharpLink opposes EIP-8363, a draft Ethereum proposal that would burn part of validator rewards as the staking ratio climbs, in an article published on X on Friday. “Sharplink opposes it,” he wrote. Chalom described the proposal, titled “Tapered Issuance Burn,” as phasing in a reduced issuance schedule over about a year and a half, burning a growing share of validator yield as more $ETH is staked. “A growing share of that yield will be burned as more $ETH is staked, until roughly half of all $ETH staked, at which point yield goes down to 0%,” he wrote.…

The World Foundation raised $52.5 million through a strategic $WLD token sale aimed at expanding the global use of World ID technology. Pantera Capital led the investment round. Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto were also among the investors participating in the token sale. All purchased $WLD tokens will be locked for one year. The World Foundation announced that the funds raised will be used to develop and expand the World ID infrastructure globally for businesses, individual users, and AI agents. Related News An Altcoin Is Experiencing Unbelievable Price Swings: It Dropped 88 Percent in the…

While the crypto industry wanted a vote on the Clarity Act, it would probably be better for the industry if that vote were successful. If the bill had failed a cloture vote last week, it may well have just ended the process until the next Congress. And it is unclear whether the Senate would have voted to advance Clarity before the August recess, given ongoing concerns about President Donald Trump’s crypto business ties, renewed debates about stablecoin yields and rewards and other outstanding issues being negotiated. Breaking it down There is a lot to unpack about the crypto industry’s failed…

Geoff Kendrick, head of digital asset research at Standard Chartered, believes that following the recent sharp pullback in Bitcoin, the market may have largely passed its bottom. According to Kendrick’s assessment, Bitcoin’s decline to around $59,000 marks the weakest point in the cryptocurrency market in recent times. Recalling that the leading cryptocurrency has lost over 50% of its value since reaching its record high of $126,000 approximately eight months ago, Kendrick argued that the current situation indicates that the selling pressure is nearing its end. Market Recovery Depends on These Factors Kendrick noted that the market needs some key developments…

The recently released proposal to cap Ethereum staking rewards, EIP-8361, continues to elicit unanimous pushback. According to ETHVA data, out of the 83K staked $ETH amongst validators, 99.7% were signaling ‘No’ on the proposal. Although this is a non-binding check, it’s a community sentiment gauge that tracks the proposal support amongst key stakeholders. The overwhelming 99.7% ‘No’ is a clear indication that the proposal may stall due to limited support. Source: $ETH VA The proposal is currently at EIP (Ethereum Improvement Proposal) or draft phase. For it to be included in the upcoming Hegota network upgrade, it must clear the…

Cardano founder Charles Hoskinson addressed criticism from Director of Research of the Digital Asset team at Ark Invest, Lorenzo Valente, in an X post. Valente, in an X post, had questioned why Cardano continues to receive industry attention, criticizing its continued prominence in the space. He claimed that the crypto sector undermined its own credibility by continuing to invite Cardano founder Charles Hoskinson to conferences, accepting sponsorships, and featuring Cardano in podcasts. “It’s 2026, and we’re still talking about Cardano. We’re still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts.…

Targeting Custody and Infrastructure Risks The Cyprus Securities and Exchange Commission (CySEC) will launch a wave of on-site visits and desk-based reviews targeting authorized crypto asset service providers (CASPs) as part of a broader European effort to strengthen operational resilience in digital asset custody. In a circular issued to regulated firms, CySEC chairperson George Theocharides said the regulator is preparing to audit a representative sample of local crypto entities under the Common Supervisory Action for 2026, coordinated by the European Securities and Markets Authority (ESMA). The enforcement initiative, scheduled to run from the second half of 2026 through the first…

Hana Financial Group has selected blockchain infrastructure firm Lambda256 as its technology partner for a new overseas remittance and payments project, developed in collaboration with Dunamu. The initiative, which began in earnest in June, aims to modernize cross-border payment processing using distributed ledger technology, according to The Herald Business. Project Scope and Technical Implementation Lambda256, the blockchain technology subsidiary of Dunamu, is serving as the technology provider for Hana Bank’s overseas trade remittance operations. The company is developing smart contracts to process and record remittance transactions on GIWA Chain, Dunamu’s enterprise blockchain platform. These contracts are being integrated with Hana…

Phong Le, President and CEO of Strategy, the largest institutional investor in the cryptocurrency world, put an end to speculation that the company might be forced to sell Bitcoin. Le stated that the company holds 845,000 Bitcoins, representing approximately 4% of the total supply, and argued that claims of “forced sales” in the market do not reflect the truth. In an interview with Scott Melker, MicroStrategy CEO Phong Le made important statements regarding the company’s financial structure, its recent small-scale Bitcoin sale, and its future strategies. Le stated that MicroStrategy was once neck and neck with BlackRock’s spot Bitcoin ETF…

Aave founder Stani Kulechov and Sharplink have opposed EIP-8363, a draft Ethereum proposal that would burn validator rewards down to nothing as more $ETH is staked. The two DeFi stakeholders are standing against a group of Ethereum Foundation researchers over how the network should pay the people who secure it. Who is against the Tapered Issuance Burn? The proposal, named “Tapered Issuance Burn,” that calls for a system where the network would destroy a growing share of rewards given to validators, was posted on GitHub on August 4, 2026. When staking reaches about 60.25 million $ETH, which is close to…