Odaily News — The Ethereum Ecosystem Summit, jointly initiated by Sharplink, BlockUnion, and ETH HK Hub, and co-organized by Lido Institutional, will be held on October 8, 2026, in Singapore. The summit is aimed at Ethereum ecosystem builders, financial institutions, investors, and on-chain infrastructure teams, and will focus on discussions around Ethereum's long-term value, institutional adoption, and the development direction of agentic finance.Ethereum co-founder and Consensys founder Joe Lubin has confirmed his attendance and will hold a fireside chat with Sharplink CEO Joseph Chalom, reflecting on Ethereum's development over the past decade under the theme "Ethereum's Ten Years: From an Idea to the Future of Open Finance," and discussing the next phase of open finance.As one of the high-profile events focused on the Ethereum ecosystem during TOKEN2049, the summit will center on three core topics, including Ethereum's long-term value, infrastructure, and credible neutrality; institutional treasuries, asset tokenization, and on-chain infrastructure; and the agentic finance technology stack composed of stablecoins, tokenized assets, instant settlement, and autonomous commerce.The conference is also supported by ecosystem partners including SNZ, EthSystems, EthLabs, Ethereum Institutional, HashKey Capital, and Ethereum Singapore, and will invite representatives from fields such as Ethereum infrastructure, liquid staking, digital asset custody, payments, and on-chain finance to participate in discussions. More guests and the full agenda will be announced soon.

Odaily News: Ethereum software company Consensys has announced the spin-off of its flagship wallet MetaMask into an independent entity, with founder Joe Lubin serving as CEO. The original Consensys has been renamed to a new entity focused on institutional protocols and Ethereum software, led by longtime executive Mike Kriak. Joe Lubin stated that the spin-off is due to MetaMask's consumer business value accumulating at a pace far exceeding other business divisions. MetaMask has evolved from an Ethereum wallet into a platform supporting multiple assets and Mastercard debit card payments, and has launched businesses such as perpetual contracts and prediction markets.

Odaily Planet Daily reported that blockchain company Consensys earlier this year brought in a software developer under the pseudonym Tyler Knapp through a third-party service provider. Subsequent investigations revealed his connection to North Korea. The developer participated as a consultant and had access to some of Consensys’ systems for about a month. Matt Corva, Consensys’ General Counsel, stated that Tyler Knapp was never an employee of the company. After discovering the threat, the company terminated his access rights and launched a comprehensive investigation, confirming that no assets or data had been misappropriated, no malicious code had been deployed, and user security had not been compromised. Following the incident, Consensys temporarily paused product releases and conducted an investigation. Matt Corva added that the company will reassess its outsourcing practices for engineering and development work.

Odaily News: Former Ethereum Foundation researcher and Ethlabs member Ansgar Dietrichs stated on Laura Shin’s Unchained podcast that ETH, after failing to break through the $5,000 mark in five years, still lacks a clear value narrative. Ethlabs was established on June 22 by five former Ethereum Foundation researchers and is supported by Bitmine, Sharplink, and Consensys founder Joe Lubin. On-chain analytics firm Cryptoquant reports that over 32% of the total ETH supply, approximately 39.5 million ETH, is currently staked, while exchange balances continue to decline. The firm also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen more than 50% from its cycle high.

Odaily reports that MetaMask has announced the launch of a new self-custodial account, "Money Account," which integrates stablecoin yields, payment spending, and trading functions into a single wallet system, further driving its transformation into a comprehensive financial platform. The product, launched by Consensys, is built on the Monad blockchain, with its core asset being the dollar-pegged stablecoin mUSD. Users can earn a floating annualized yield of up to approximately 4% while holding their assets. Funds will be automatically allocated to decentralized lending protocols such as Morpho, with Aave to be integrated in the future.Unlike traditional DeFi products, this account does not require users to manually transfer funds between protocols. Yields are automatically activated upon deposit and can be directly used for trading functions such as token swaps, perpetual contracts, and prediction markets. (CoinDesk)

Odaily reports, Goldman Sachs stated that while the U.S. IPO market has seen a notable recovery in 2026, the current level of activity remains significantly below the speculative frenzy of the internet bubble era. Data shows that as of 2026, approximately 50 companies have completed IPOs in the U.S., doubling the number from the same period last year; the total financing scale has reached about $120 billion, approaching the full-year record level set in 2021.Goldman Sachs' Chief U.S. Equity Strategist, Ben Snider, pointed out that the current IPO recovery is more of a "normal cyclical rebound," driven by factors including a wave of large companies going public and rising capital expenditure needs related to artificial intelligence. However, he emphasized that compared to the 2000 internet bubble and the market frenzy of 2021, the current market still lacks an extreme number of speculative issuances. Over the past 25 years, the U.S. averaged around 100 IPOs annually, compared to over 250 in 2021 and nearly 400 in 1999.Meanwhile, market structure is showing divergence: the IPO process for crypto companies has notably slowed down, with companies including Kraken's parent company Payward, Consensys, Ledger, and Grayscale all delaying or suspending their listing plans. Analysts point out that funds are increasingly flowing towards IPOs in the AI and technology sectors, including potential or high-profile issuances like OpenAI and SpaceX, which is crowding out market interest in crypto assets. While the current market exhibits "early-stage bubble characteristics" such as high valuations and AI-led investment themes, the number of IPOs remains far from historical mania levels. Overall, this resembles a structural recovery more than a full-blown speculative cycle. (CoinDesk)

Odaily reported that Ethereum co-founder, Consensys founder and CEO Joseph Lubin posted on X platform, stating that free market capitalism is the best system, but through shared protocols, the underlying economic layer has the potential to incorporate characteristics of "collective capitalism."Joseph Lubin believes that the world needs a truly trust-neutral global coordination and digital asset settlement platform, and currently only Ethereum possesses this capability, with its core advantage lying in its large-scale and rigorous decentralized design.He stated that in the future, more trust-neutral and well-funded organizations will work alongside the Ethereum Foundation to drive ecosystem development, focusing on three major areas: the Ethereum mainnet, Layer 2 networks, and private Ethereum networks. These networks will eventually become comparable in real-time, and ETH will flow freely throughout the expanded Ethereum ecosystem.

Odaily reported that Consensys CEO Joseph Lubin stated that Ethereum is expected to develop into a fully zero-knowledge proof (ZK Proof) based protocol within the next three to five years. This will not only optimize the main chain but also enhance Ethereum’s composability with Layer 2 solutions. Lubin expressed support for the "Rollup-centric roadmap," believing that by strengthening Layer 1, introducing the "Lean Ethereum" initiative, and promoting ZK proofs, the Ethereum base layer can be significantly upgraded. Lean Ethereum aims to achieve over 10,000 transactions per second while maintaining a high degree of decentralization on the mainnet, and also supports privacy and quantum-resistant computing solutions.On the Layer 2 front, Lubin pointed out that ZK technology has already enabled real-time proof generation on some L2 networks, with plans to extend this capability to Layer 1, ultimately transitioning to a fully ZK-based base protocol supported by multiple provers. For instance, projects like Consensys’ Linea chain and Gnosis are leveraging zero-knowledge proofs to achieve cross-network synchronized transactions, which could potentially eliminate the need for bridges and unify fragmented liquidity.Lubin emphasized that the initial "differentiation phase" of the Rollup roadmap aims to provide experimental space for Layer 2 technology. Although it may disperse liquidity in the short term, it lays the foundation for Ethereum’s future infinite scalability and technological iteration. He believes that some L2 technologies will become systemically important components, and this exploration process is necessary.Additionally, Lubin addressed recent personnel changes at the Ethereum Foundation (EF) and rumors of a "second foundation," stating that no second foundation will emerge. The EF will continue to focus on core protocol development, usability and scalability, and institutional partnerships, while also supporting at least three independent teams spun off from the EF to concentrate on protocol development, user experience, and institutional outreach efforts. (The Block)

Odaily, Ethereum co-founder and Consensys CEO Joe Lubin stated that the recent layoffs, budget cuts, and leadership changes at the Ethereum Foundation are not a crisis, but a necessary evolution of the organization. In an interview, Lubin pointed out that the Ethereum Foundation should focus on safeguarding core protocol technology and values, while tasks such as adoption, ecosystem expansion, and institutional collaboration should be undertaken by other entities. Maintaining neutrality and credibility is crucial to avoid conflicts between commercial interests and developers. He noted a public misunderstanding of the Foundation's role: the EF's responsibility is to maintain the Ethereum protocol, not to lead commercialization or market competition strategies.Lubin also stated that the future of Ethereum will be shaped by multiple organizations working together to build the ecosystem, rather than relying on a single entity for leadership. He dismissed claims that Ethereum is on the decline, saying the network is still developing steadily, and pointed out that years of scaling efforts are laying the groundwork for the next wave of adoption, including on-chain transactions by autonomous AI agents and increased institutional usage. The Ethereum Foundation is narrowing its focus precisely to ensure the protocol can support a new generation of applications, while new organizations will take on the work of promotion and commercialization.Lubin noted that the next wave is the agent economy, where hybrid human-machine systems will use Ethereum's infrastructure for transactions. The restructuring of the Ethereum Foundation is a healthy institutional optimization that will help Ethereum maintain robust development under the premise of decentralization and prepare for future technological and business innovations. (CoinDesk)

Odaily Odaily News: Former ConsenSys ambassador Russell Verbeeten (@rverbee) has started moving ETH in large amounts after a year-long hiatus. 7 hours ago, he withdrew 20,426 ETH (worth approximately $37.26 million) from Aave and subsequently distributed it to 10 new addresses. 4,144 ETH from one of these addresses has been deposited into an exchange, while the remaining tokens have not yet been moved or sold.According to analysis, the source of these ETH funds can be traced back to 10 years ago, with a cost as low as $5.6 per coin.