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Search results for Joseph Chalom

Crypto

Ethereum, Solana mull supply cuts but demand seen as key price driver

Ethereum and Solana are considering ways to reduce token issuance, but demand is likely to be the key factor shaping prices, an analysis said. Galaxy Research said discussion is under way on revamping issuance structures on both networks, but where tokens go is determined by demand. Ethereum is weighing an EIP proposal to cut validator rewards as staking rises, while Solana is advancing governance proposals to accelerate disinflation and burn more fees.

Crypto

Sharplink CEO opposes EIP-8363, says it would remove Ethereum key strength

Sharplink CEO Joseph Chalom opposed a draft Ethereum improvement proposal, EIP-8363, that would gradually burn validator rewards to cap the amount of staked ether, The Block reported on Thursday. Chalom wrote on X that the draft could shake decentralised finance and erase a key ETH strength compared with bitcoin. The proposal would raise the share of burned consensus-layer rewards as staking rises, reaching a 100 percent burn rate when about 50 percent of ETH supply is staked.

Crypto

Bitmine\'s Tom Lee says Ethereum will benefit from AI adoption

Bitmine Immersion Technologies founder and chairman Tom Lee has singled out Ethereum as an asset that will benefit from the spread of artificial intelligence. He said broader AI adoption will increase demand for safeguards to control systems, and consumers are unlikely to trust governments, big tech companies or banks to play that role. He reiterated his view in a chairman’s message, while market data showed heavy selling in global semiconductor stocks and declines in major cryptocurrencies.