Ethereum's brain drain just turned into a manifesto Former EF researcher Dankrad Feist (@dankrad), the cryptographer behind Danksharding and now at Stripe and Paradigm's Tempo, says the only way to save Ethereum is to build a new organization "economically aligned with Ethereum and accountable to it." His ask: $1 billion to start, a leader who wants to fight, an accountable board, and permanent staking-revenue funding. His critique cuts: the Ethereum Foundation now holds less than 0.1% of all ethereum:native and gets no flow of staking or fee revenues. The new EF mandate centers on censorship resistance, open source, privacy, and security. Not growth. Eight senior EF researchers have left in 2026, five in May alone. ethereum:native trades near $2,100 with a $257B market cap, badly trailing bitcoin:native and solana:So11111111111111111111111111111111111111112. Laura Shin and others echo the same complaint: ideology over competitiveness. Is Ethereum's institutional layer up for the fight, or does the community build its own?

Ethereum’s Institutional Era Has Arrived @Sharplink CEO @joechalom joins @gazza_jenks at Consensus to explain why SharpLink has taken an institutional-first approach to Ethereum treasury management, and why he believes ETH is uniquely positioned for the next phase of tokenization and onchain finance. OUTLINE 00:00 - Introduction 00:51 - Ethereum Treasury Companies 02:25 - SharpLink vs BitMine 04:25 - Ethereum vs Bitcoin 06:14 - Managing Volatility 07:55 - BlackRock and Tokenization 10:00 - The Future of Finance 10:59 - Geopolitical Risk 12:08 - Ethereum’s Long-Term Value 13:09 - Closing Thoughts