Ethereum (ETH)

At least 8 senior people have left the Ethereum Foundation in 2026 5 of them just in May Co-ED Tomasz Stańczak lasted 11 months. Dankrad Feist left for a Stripe-backed competing L1. They also unstaked $48.9M in ETH in April Don’t care what you say, that ain’t normal 🤨

I usually refrain from commenting on the current thing of the day because it’s almost always rage bait. But since everyone seems to be saying they’re bearish on the direction of the EF, I’ll say the opposite, I’ve truly never been more bullish. There is now a very clear direction The Ethereum Foundation is doubling down on what it uniquely should be doing: making the entire Ethereum experience, from the protocol to wallets to middleware to apps, maximally self-sovereign, private, secure, resilient, and easy to use The cypherpunk vision is building systems that can’t be evil, not just today, but decades from now when incentives, leadership, and the world itself have changed. What makes Ethereum unique is that it’s still actually trying to fulfill that original vision, building a global consensus system with the properties the original cypherpunks would have wanted. And the EF is here to help defend and strengthen that path That also means positioning Ethereum where it actually belongs, alongside the broader

Milady is the reason why, if Vitalik changed his pfp to an ape. ETH would flip Bitcoin. https://t.co/XIydriBHaT

I am now bullish ETH

This is the most bullish thing I have seen for Ethereum since 2021 https://t.co/zg0zPhcAQn

robert chang tweeting more about ethereum than all of the ef employees is one of the most comical thing i have seen on ct

Can't be bearish on an asset which >95% of CT is bearish on while having kick ass properties: - still lowest inflation of majors - realyield 2.2% while BTC is -0.8% - most permissionless collateral for Defi - underpinning most active, secure and biggest Defi ecosystem - properties getting better with more activity which is very likely when world moves onchain by will of US gov Revenue is one metric among many for L1 assets (otherwise BTC would be zero). For dapps it's the most important one. Assuming L1s are dapps is not reasonable in my opinion.

Day I return, Bankless sells all their ETH. God damn, we actually may send for real.

Has there been a huge vibe shift in CT over the last 2 weeks, or was that just me selling the last of my ETH

Time to say something out loud. The first era of Bankless has concluded. A six year collaboration between David and myself exploring crypto, defi, and maximizing Ethereum. We're in the second era now. In this second era I'm planning to take more of a backseat role supporting @TrustlessState as he explores new frontiers in crypto and beyond. I'll still be the pod every week (would never miss a rollup) but less in the role of content direction and guest interviews. David has the helm. He has my full support. For my part, I'm still bullish ETH. And bullish Bankless.