TechFlow news, June 4 — According to Decrypt, Consensys CEO and Ethereum co-founder Joe Lubin revealed that the company is in talks with a sovereign wealth fund and banks from a "major nation" regarding the possibility of building infrastructure within the Ethereum ecosystem. Lubin predicted that Ethereum is entering a decentralized supercycle and could become the core of a new global financial system. Last week, Consensys led by Lubin invested in SharpLink Gaming, raising $425 million to establish an Ethereum treasury, causing the company's stock price to surge over 400%. Meanwhile, Ethereum co-founder Vitalik Buterin stated that Ethereum's blockchain capabilities will improve tenfold within the next year. Lubin described Ethereum as the "gold standard of trust" and believes its value may ultimately surpass Bitcoin.
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