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Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without forgoing other opportunities while doing so, increasing capital efficiency and value accrual to the token. According to Ethereum development firm Consensys, EigenLayer has the potential to improve Ethereum’s fee model. “In short, this model creates a flow of value that grows along with the network: Ethereum supplies security to ...

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns over proposed IRS regulations for digital-asset brokers and emphasizing the need for precision and care in structuring reporting requirements. In response to the proposed rulemaking, the blockchain company emphasized that the final regulations should “reflect the complexities of how digital-asset platforms work” as well as “ensure the continued development of the digital-asset industry.” Consensys pointed out that the proposed regulations — if finalized as is — would impose a “new and complex regulatory scheme on software developers and others in a fast-growing industry with unique technical and operational Features .” “Software developers, from larger...