A new Ethereum-focused nonprofit called Ethereum Institutional has launched with backing from Standard Chartered, Consensys CEO Joseph Lubin, Tom Lee's BitMine, and SharpLink Gaming. The launch comes just nine days after EthLabs debuted, marking a rapid expansion of Ethereum's institutional support infrastructure.
ConsenSys CEO Joseph Lubin outlined a potential timeline for Ethereum to become a fully zero-knowledge proof-based protocol within 3 to 5 years, describing it as one of the most significant architectural shifts in blockchain history. Lubin also addressed recent Ethereum Foundation cuts, stating the Foundation's role should be narrower and focused on core technology stewardship.
A wallet linked to Ethereum co-founder Joseph Lubin transferred 80,001 ETH worth approximately $121 million across multiple transactions after remaining dormant for over three years, sparking concerns about founder selling as ETH approached $1,500.
Consensys and founder Joseph Lubin contributed 30,000 ETH to the DeFi United initiative aimed at recovering losses from the Kelp DAO exploit. The industry-wide effort has now raised over $300 million worth of Ethereum from multiple protocols and entities.
TD Cowen initiated coverage on Nakamoto, SharpLink, Strive, and Smarter Web with buy ratings, framing public Bitcoin treasury companies as an investable equity category. The firm cut Strategy's price target to $350 on lower Bitcoin assumptions.
