Binance booted from EU, EthLabs rises up to save Ethereum: Hodler's Digest June 14-28
Cointelegraph 2026-06-28 22:59:38
Context: Binance, a major cryptocurrency exchange, has ceased its services in Europe after failing to obtain the necessary license. Meanwhile, a new non-profit organization called EthLabs has been established to promote the adoption of Ethereum, backed by BitMine and Joe Lubin, a well-known figure in the Ethereum ecosystem. This development comes as a significant shift in the European cryptocurrency landscape.
Key Facts
- Binance has shuttered its services in Europe due to its inability to secure a license, marking a significant setback for the exchange in the region.
- A new non-profit organization, EthLabs, has been launched with the goal of spurring the adoption of Ethereum, backed by BitMine and Joe Lubin, a prominent figure in the Ethereum ecosystem.
- EthLabs aims to promote the growth and development of the Ethereum network, although specific details about its plans and strategies have not been disclosed.
- The launch of EthLabs and Binance's exit from Europe may have significant implications for the European cryptocurrency market, potentially altering the competitive landscape and influencing the adoption of various cryptocurrencies.
- Joe Lubin, co-founder of Ethereum, is involved in backing EthLabs, which may help to boost the organization's credibility and influence within the Ethereum community.