SharpLink Co-CEO: Ethereum TVL Could Grow 10x by 2026

Fidelity is preparing to add ETH staking and quarterly cash distribution mechanisms to its Ethereum ETF (FETH). FETH currently holds approximately $898 million in net assets. According to revised registration documents, under normal circumstances, the fund may allocate up to 100% of its ETH for staking, with no minimum staking ratio set, and will retain a portion of ETH for redemptions, fees, and other liquidity needs. Fidelity plans to retain 85% of total staking rewards, with the remaining 15% going to the fund’s sponsor, custodian, and node operators. The listed node operators include Blockdaemon, Figment, and Galaxy. Net staking income will first be used to cover the fund’s expenses, with the remainder allocated for quarterly cash distributions. Per relevant IRS rules, the fund is required to distribute net staking income at least once per quarter. Fidelity also noted that the fund may sell a portion of its ETH to raise cash for distributions if needed. The adjustment follows the U.S. Internal Revenue Service (IRS)’s November 2025 safe harbor rule, which allows eligible crypto trusts to conduct staking without losing their grantor trust tax status.

According to market data from BIT (bit.com), U.S. stock index futures rallied in the short term, with Nasdaq index futures currently up 0.7% and S&P 500 index futures rising 0.3%.

According to HTX market data, Bitcoin has broken through $64,000, with its 24-hour decline narrowing to 0.32%. Ethereum has surpassed $1,900, posting a 1.1% gain over the past 24 hours.

Insane! Whale 0xf292, who is 1x short 2.9M $CXMT($22.57M), has already paid more than $3.4M in funding fees. That's ~$170K in funding fees on average every day.

Per Lookonchain monitoring, whale address 0xf292 has opened a 1x leveraged short position on 2.9 million CXMT, with the position valued at approximately $22.57 million and an unrealized loss of $3.67 million. The whale has already paid over $3.4 million in funding fees, averaging around $170,000 in daily funding fees.

According to official sources, HSK Chain has announced its sponsorship and support for the "2026 Global Builders Initiative" launched by the Ethereum Applications Guild (EAG), in a joint effort to advance the global developer ecosystem and Ethereum application innovation. The event expands the competition’s reach to three emerging Web3 markets—Australia, Africa, and Latin America—marking a key step in HSK Chain’s global ecosystem expansion. Scheduled from August 19 to September 29, 2026, the initiative covers six regional developer communities: Brazil, Nigeria, Colombia, Kenya, Bolivia, and Sydney, Australia. Adopting a format combining online development courses, regional hackathons, and in-person Demo Days, it is expected to attract over 1,000 Web3 developers worldwide and push hundreds of innovative projects into incubation. As a sponsor, HSK Chain will set up dedicated tracks at all six locations, offering a total prize pool of 10,000 USDT, with a focus on supporting innovative applications in sectors including AI Agents, DeFi, stablecoin payments, and RWA (Real World Assets). The chain will also provide participating teams with technical support, mainnet deployment services, and Demo Day pitching opportunities; outstanding projects will further have access to the official Grant program and ecosystem incubation resources. Founded by Dr. Xiao Feng, Chairman and CEO of HashKey Group, and Ethereum co-founder Vitalik Buterin during Token2049 in 2025, EAG is a global non-profit developer organization dedicated to driving the Ethereum ecosystem’s transition from infrastructure development to application innovation.