# Foundation Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Foundation", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Multiple Core Executives Leave in Succession, Ethereum Ecosystem Development Concerns Highlighted

Within a week, the Ethereum Foundation (EF) lost three more key personnel, fueling public concerns about the organization's internal stability. Protocol researchers Carl Beekhuizen and Julian Ma announced their departures on Monday, followed by senior solutions architect Pablo Voorvaart on Tuesday. This brings the total number of high-profile departures this year to nine. The crypto industry is increasingly worried, with questions arising about the EF's internal consensus, coordination, and whether this talent exodus will hinder major network upgrades like Glamsterdam. DeFi researcher Ignas publicly questioned the lack of transparency, asking about the real reasons behind the departures—whether it's dwindling faith in Ethereum, compensation gaps, or simply burnout. Community reactions are mixed. Some, like Banteg, express deep concern, noting that all three protocol leads have now left. Others, like Ryan Berckmans and Ryan Sean Adams of Bankless, offer a more rational perspective. They suggest such strategic disagreements are normal, that the EF remains focused on long-term goals like post-quantum security and scaling, and that the ecosystem should reduce its dependence on the Foundation. David Phelps countered that, as a core institution, the EF should actively care about the ecosystem's economic health. This wave of departures follows earlier signs of turmoil. Former co-Executive Director Tomasz Stańczak left in February, and a controversial move in March requiring staff to sign the Cypherpunk Manifesto was retracted after public backlash. Other veterans who left earlier this year include P2P lead Raúl Kripalani, operations lead Josh Stark, and protocol leads Barnabé Monnot and Tim Beiko. The departing members are highly experienced. Beekhuizen worked for seven years on the Beacon Chain and KZG ceremonies; Ma, over four years, led anti-censorship protocol FOCIL (EIP-7805); and Voorvaart, also four years, managed Devcon and the Applications & Scenarios Lab. Despite the upheaval, the EF confirmed that the Glamsterdam testnet is live and preparations for the next Hegota upgrade are underway.

marsbit5h ago

Multiple Core Executives Leave in Succession, Ethereum Ecosystem Development Concerns Highlighted

marsbit5h ago

Harvard and Others Exit, Six Core Talents Depart in a Month: What's Happening to Ethereum?

Ethereum faces significant internal and external pressures, marked by a wave of high-profile departures from its core development team and a loss of confidence from major institutional investors. Within four months, at least seven key figures—including researchers, protocol leads, and a former executive director—have left the Ethereum Foundation. This exodus, partly triggered by controversy over a new "mission statement" requiring employee sign-off, risks derailing critical roadmap upgrades like PeerDAS and Verkle trees, and has already contributed to delays in the planned Glamsterdam upgrade. Compounding the internal instability, major institutions are reducing their exposure. Goldman Sachs slashed its iShares Ethereum Trust holdings by approximately 70%, and Harvard's endowment fund completely exited its $87 million Ethereum ETF position. Concurrently, the Ethereum Foundation itself has been unstaking and selling ETH for "treasury rebalancing," further unsettling the market. These challenges emerge as Ethereum's competitive dominance erodes. Its share of the total DeFi market has fallen to around 54%, with rivals like Solana and Base gaining ground. In fee revenue, it was recently outpaced by newer chains like Hyperliquid. Furthermore, a trend of institutions exploring proprietary or hybrid blockchains (exemplified by Circle's Arc) threatens Ethereum's position as the premier settlement layer for institutional assets. While founder Vitalik Buterin's vision for Ethereum as a secure, decentralized "technical sanctuary" and "world computer" remains clear, its realization is threatened by the concurrent loss of execution capability, institutional patience, and market share during a critical competitive phase.

链捕手Yesterday 09:21

Harvard and Others Exit, Six Core Talents Depart in a Month: What's Happening to Ethereum?

链捕手Yesterday 09:21

Cursor's "Shelling" Kimi Controversy Reverses: From Infringement Allegations to Authorized Cooperation, China's Open-Source Models Once Again Become the Global AI Foundation

On March 20, AI programming tool Cursor (parent company Anysphere, valued at $29.3 billion) released its self-developed model Composer 2, claiming performance improvements through continued pre-training and reinforcement learning, without disclosing the base model source. Shortly after, a captured API request revealed the model ID as "kimi-k2p5-rl-0317-s515-fast," suggesting it was built on Kimi K2.5. Moonshot AI’s pre-training lead Du Yulun initially accused Cursor of violating Kimi’s modified MIT license, which requires commercial products exceeding certain revenue or user thresholds to credit Kimi model usage. The controversy gained traction with Elon Musk’s public comment. However, the situation reversed when Moonshot AI officially congratulated Cursor, clarifying that the usage was authorized through Fireworks AI’s commercial platform. Cursor’s co-founder Aman Sanger and VP Lee Robinson later explained that Kimi K2.5 was selected as the strongest base model after evaluation, and Composer 2 involved significant additional training by Cursor. They admitted failure to credit Kimi initially was a mistake. This incident highlights the growing influence of Chinese open-source models in the global AI ecosystem, as noted by Hugging Face’s CEO. It also serves as indirect validation for Moonshot AI, which is currently raising funds at a $18 billion valuation, suggesting its technology may be even more valuable than estimated.

marsbit03/21 01:52

Cursor's "Shelling" Kimi Controversy Reverses: From Infringement Allegations to Authorized Cooperation, China's Open-Source Models Once Again Become the Global AI Foundation

marsbit03/21 01:52

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