#ethlabs

➤ 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.

➤ 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.

➤ 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.

➤ 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.

➤ 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.

➤ 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.

➤ Former Ethereum Foundation researchers have launched Ethlabs, an independent nonprofit R&D organization focused on accelerating Ethereum's adoption as a global financial settlement layer. ➤ The initiative is backed by crypto companies Bitmine and Sharplink, and Ethereum co-founder Joseph Lubin, aiming to bridge the gap between application layer builders and the core protocol. ➤ Ethlabs' launch follows a series of high-profile departures from the Ethereum Foundation, which is intentionally reducing its role to allow new institutions to lead core research and development.

➤ Ethlabs has launched as a nonprofit R&D lab focused on Ethereum, aiming to establish it as a global settlement layer for digital finance. ➤ The initiative is backed by prominent figures and entities in the Ethereum ecosystem, including BitMine, SharpLink, and Joe Lubin. ➤ Ethlabs plans to translate user needs into research, standards, infrastructure, and products, working with builders, Layer-2 teams, and institutions to drive Ethereum's development and adoption.