Standard Chartered · BitMine Immersion Technologies · Ethereum · The Block
Wednesday’s launch comes amid the latest shift at the Ethereum Foundation
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Several former EF employees and other longtime Ethereum supporters have also recently formed EthLabs, which will take over significant Ethereum protocol research and development duties.
Key facts
- In a note to The Block, Standard Chartered Bank's Global Head of Digital Assets Research Geoffrey Kendrick said the launch of EthLabs and Ethereum Institutional will help "drive the type
- Earlier this year, Standard Chartered predicted "2026 will be the year of Ethereum," in part due to the network's tokenization and stablecoin dominance, and other fundamentals
- Bitmine, Sharplink, and Consensys CEO Joseph Lubin are backing another Ethereum-focused non-profit called the Ethereum Institutional, an independent organization "dedicated to accelerating
- Walsh said Ethereum Institution is aiming to be “an honest, neutral counterpart” institutions can call when building on Ethereum
Summary
Bitmine, Sharplink, and Consensys CEO Joseph Lubin are backing another Ethereum-focused non-profit called the Ethereum Institutional, an independent organization "dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem," according to an announcement on Wednesday. "For years, Ethereum has had the most credibly neutral, liquid, and battle-tested base layer in crypto. Walsh said Ethereum Institution is aiming to be “an honest, neutral counterpart” institutions can call when building on Ethereum. Wednesday’s launch comes amid the latest shift at the Ethereum Foundation, the firm primarily responsible for the Ethereum protocol’s research and development.