#ethlabs

[rwatimes]

Ethereum News: New Nonprofit Ethlabs Seeks to Reinvent Art Market Infrastructure — What Comes Next

Ethereum aims to transform the contemporary art market through Ethlabs. Here's why traders should pay attention to this initiative.

➤ Ethlabs, a new nonprofit founded by former Ethereum Foundation researchers, aims to revolutionize the contemporary art market by establishing Ethereum as its core infrastructure. ➤ This initiative seeks to enhance Ethereum's utility in the art sector, potentially attracting new users and investors, and signals a growing interest in blockchain applications beyond traditional finance. ➤ Traders are advised to monitor Ethlabs' progress as it could redefine Ethereum's market position and influence, especially given its existing role in tokenized U.S. Treasuries.

[rwatimes]

Ethereum Builds Its Wall Street Bridge: New Nonprofit Courts Banks, Raises Conflict Questions

Ethereum institutional adoption gained a dedicated nonprofit on July 1 as Ethereum Institutional launched with backing from BitMine, SharpLink, and co-founder Joe Lubin — who collectively hold

➤ A new nonprofit, Ethereum Institutional, has launched to bridge the gap between financial institutions and the Ethereum ecosystem, aiming to represent Ethereum's interests in boardroom decisions and regulatory discussions. ➤ The launch coincides with key regulatory deadlines like the EU's MiCA implementation and the US GENIUS Act rulemaking, highlighting the urgent need for coordinated institutional outreach and standards development. ➤ Concerns exist regarding the nonprofit's neutrality due to its funding structure, with anchor investors holding significant ETH positions, raising questions about potential conflicts of interest despite claims of aligned interests.

[rwatimes]

Sharplink Adds $62.4M in Ether to Treasury in Weekly Purchase

Sharplink, a crypto treasury firm that had paused its Ether purchases for roughly eight months, has restarted accumulation with a concentrated buy program. Arkham on-chain records reviewed by Cointelegraph show the company spent a total of $62.4 million on Ether purchases over th...

➤ Crypto treasury firm Sharplink has resumed significant Ether purchases, acquiring $62.4 million worth in a concentrated three-day period after an eight-month pause. ➤ This accumulation coincides with Sharplink's backing of Ethlabs, a new nonprofit focused on preparing Ethereum for institutional adoption, particularly for tokenized assets and stablecoins. ➤ Despite Sharplink's increased holdings, broader market indicators show ongoing pressure on Ether, with continued outflows from spot Ether ETFs and a month-on-month price decrease.

[rwatimes]

Binance booted from EU, EthLabs rises up to save Ethereum: Hodler's Digest June 14-28

Binance is closing to European users on July 1 but still hopes to secure a license. As the Ethereum Foundation lays off staff Ethlabs rises up to save the day: Hodler's Digest, June 14-21.

➤ Binance faces service restrictions in the EU due to MiCA regulations, while Ethlabs emerges to support Ethereum's institutional readiness. ➤ US President Trump cancels a housing bill signing that included a CBDC ban, and concerns are raised about the CLARITY Act's potential for illicit activity. ➤ The Ethereum Foundation undergoes restructuring and layoffs, and Strategy is advised to pause Bitcoin purchases due to falling cash reserves.

[rwatimes]

Binance Booted From EU, EthLabs Rises: Hodler's Digest

➤ Binance faces service restrictions in the EU due to MiCA regulations, while Ethlabs emerges to support Ethereum's institutional adoption. ➤ US President Trump cancels housing bill signing due to a CBDC ban provision, highlighting ongoing political debates around digital currencies. ➤ The Ethereum Foundation undergoes restructuring and layoffs, with a focus on scaling and institutional readiness, while CryptoQuant advises caution on Strategy's dividend coverage.

[rwatimes]

Binance Faces EU Pushback as EthLabs Scales Up for Ethereum

Prediction markets are quietly becoming a new on-ramp to crypto. A 90-day Bitget Wallet study tracking onchain activity from 857,000 active Polymarket users found that about 60% of people who placed their first World Cup bets on the platform had never interacted with blockchain p...

➤ Prediction markets are emerging as a novel on-ramp for new crypto users, bypassing traditional blockchain familiarity. ➤ US policy regarding CBDCs faces delays and political entanglement, as seen with the postponed housing bill signing. ➤ Ethlabs, a new R&D nonprofit, is launching to prepare Ethereum for institutional adoption amidst ongoing ecosystem funding concerns.

[rwatimes]

Can the Ethereum Foundation 2.0 save Ethereum?

➤ The Ethereum Foundation is facing a talent and funding crisis, with significant departures and a reduced workforce, leading to concerns about its ability to support protocol development. ➤ A new organization, Ethlabs, formed by former Ethereum Foundation researchers, aims to drive Ethereum's growth and prepare it for institutional adoption, backed by substantial industry funding. ➤ Despite these efforts, the article suggests Ethereum is undergoing 'Bitcoinization,' losing ground to competitors like Solana in emerging narratives and facing challenges in innovation and user engagement, with Ethlabs potentially unable to reverse this trend.

[rwatimes]

Crypto Market Review for June 23: bitcoin, ether, and news

➤ The crypto market remains largely sideways for Bitcoin and Ethereum, with some altcoins showing high volatility. ➤ Key developments include TurboFlow's $6M seed funding for prediction markets in Asia, Ethlabs' launch to accelerate Ethereum's institutional adoption, and Enso's app offering over 500 tokenized assets like stocks and bonds. ➤ The article highlights the convergence of crypto and traditional finance, with increasing demand for tokenized instruments, especially from European investors seeking 24/7 trading.