Grayscale Backs ETH Staking Reward Cap as 'Positive for Price' After 33% Drop

Ethereum debates staking reward caps endorsed by Grayscale as positive for price, curbing inflation after a 33% drop over six months with DeFi TVL at $45B from $71B. On May 12, ETH stalled around $2,280-$2,300 in a $2,200-$2,400 range amid whale holdings falling below 13M ETH and exchange reserves nearing 15M, countered by nine straight days of spot ETF inflows totaling $14B YTD, Glamsterdam devnet progress, and Vitalik Buterin's AI infrastructure nod. May 13 articles highlight buy potential at depressed levels despite hacks and L2 migration risks, with staked ETH peaking at 39M (~32% supply).