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  1. Solana ETFs are seeing increasing inflows while validators approve a proposal to cut coin issuance.

NEAR Protocol lowers issuance target amid crypto market decline

1 report, 1 independent Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

House of Stake voters backed a proposal to lower NEAR Protocol's maximum annual issuance target from 2.5% to 1.6% with 99.96% support. This proposal, HSP-029, requires a Security Council review and validator adoption before the ramp toward the lower target can begin. In the same 24-hour period, Bitcoin fell 5.92% and Ethereum declined 7.87%.

From econotimes.com

Why it matters

Some supportBrind's analysis of the reports

The proposal outlines potential changes to the network's economics, suggesting that holders who do not stake could benefit from reduced dilution. Conversely, staking holders might receive lower rewards, and some validators could face reduced economic viability. The event occurred as Solana ETFs saw increasing inflows while validators approved a coin issuance reduction.

Solana ETFs are seeing increasing inflows while validators approve a proposal to cut coin issuance.

From econotimes.com

Who's involved

  • BitcoinBitcoin, which declined 5.92% during the period the NEAR proposal was voted on.
  • EthereumEthereum, which declined 7.87% during the period the NEAR proposal was voted on.

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