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[Ethereum Institutional Completes First Round of Ecosystem Funding, Establishes Alliance of 100 Supporting Institutions] The non-profit organization Ethereum Institutional announced the completion of its first round of ecosystem funding and the formation of a supporter alliance. Key contributors include BitMNR, Sharplink, as well as Ethereum co-founders Joseph Lubin and Mihai Alisie. Participants include over 100 individuals and crypto-native institutions such as Aave, Arbitrum, Circle, Consensys, DefiLlama, entities related to the EigenLayer ecosystem, Flashbots, Ledger, Lido, Linea, Optimism, Uniswap Labs, zkSync, among others. The goal is to accelerate Ethereum's adoption in banking, asset management firms, custodians, financial infrastructure, and sovereign institutions.

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