**[SharpLink Opposes Ethereum EIP-8361 Proposal, Citing DeFi Weakening and Poor Timing]** Foresight News reports that SharpLink co-founder Joseph Chalom has published an article opposing Ethereum's EIP-8361 proposal, "Tapered Issuance Burn." He pointed out that the proposal would significantly reduce network staking rewards. As Ethereum's staking ratio increases, validator earnings would be gradually burned until staking reaches approximately half of the total supply, at which point earnings would drop to zero. Validators would then have to rely solely on transaction fees, which currently account for about 15%, to sustain operations. This would weaken the DeFi ecosystem and cause ETH to lose its native yield advantage over Bitcoin, raising on-chain capital costs and forcing some small and medium-sized staking operators out of the market. Chalom believes the timing of the proposal is particularly unfavorable, as Ethereum is currently experiencing large-scale institutional adoption. Examples include Robinhood building a new chain based on Ethereum's Layer 2 network, BlackRock tokenizing its money market fund shares on-chain, and BNY Mellon introducing staking services to its custody platform through a partnership with Galaxy Digital. He stated that SharpLink agrees ETH should become scarcer over time but advocates achieving this goal through the existing base fee burn mechanism, opposing fundamental changes to the protocol's economic foundation at this stage.