The Protocol: EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears

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The Protocol: EIGEN Riches Tempt Ethereum Devs, Even as ETF Approval Nears
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Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.

A sudden jolt of optimism over the prospect that U.S. regulators might soon approve spot Ethereum ETFs has sent the ETH price soaring – up 21% this week in its best performance since August 2021.

But beneath the surface, there's been tension in the Ethereum developer community over the largest smart-contracts blockchain's future and progress toward decentralization. The sniping became especially acute with the revelations this week that two of the Ethereum Foundation's biggest stars have accepted multimillion-dollar token incentive packages from EigenLayer, the pioneering restaking protocol that has been flagged as possibly posing a systemic risk to Ethereum. Read on.

For blockchain developers, it's red meat. The three days are packed with opportunities to learn about the hottest crypto tech on Bitcoin, Ethereum, Solana, Cosmos and XRP Ledger – from the world's top experts. We took a spin through the agenda to identify stages and sessions likely to interest blockchain developers and people interested in the technology. Pleasein a fundraising round led by Paradigm, with participation from a16z, Haun, USV, Variant and Standard Crypto, according to a, a liquid restaking platform, closed a $9 million private sale led by SCB Limited and Laser Digital , according to the team.

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