Ether.fi has captured roughly $223 million in annualized fees and about $51 million in annualized revenue. In the second quarter, it earned $41 million in gross revenue and nearly $10 million in earnings after rewards and other costs, with only $30,000 of value distributed to ETHFI holders through buybacks.The split lands as Ethereum’s staking economics are under debate.A group of Ethereum researchers, one from the Ethereum Foundation, proposed this week that the network stop paying people to stake once half of all ether is locked up. Under the current setup the payment never falls to zero no matter how much…

Additionally, the OFAC also sanctioned a network of foreign exchange houses, shell companies and individuals on Friday that it said helped Iran’s shadow banking system move hundreds of millions of dollars, including funds tied to overseas oil sales.“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working,” Treasury Secretary Scott Bessent said in a statement. “Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat.”The designations came as the U.S.-Iran war has raised the stakes of Washington’s push to cut…

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