Fantom Foundation Releases Statement Following Andre Cronje's Exit: Details

u.todayPubblicato 2022-03-11Pubblicato ultima volta 2022-03-11

Introduzione

Fantom Foundation, the nonprofit behind the development of high-perfromance blockchain Fantom (FTM) and associated dApps, released a statement to make things clear before the resignation of Andre Cronje.

Contents

  • Fantom (FTM) development continuing and accelerating
  • Here's how Andre Cronje's departure affected the altcoins
    Fantom Foundation, the nonprofit behind the development of high-perfromance blockchain Fantom (FTM) and associated dApps, released a statement to make things clear before the resignation of Andre Cronje.
    Fantom (FTM) development continuing and accelerating
    According to the official statement shared by Fantom Foundation on its blog, there was a lot of "miscommunication" after media outlets started to spin the narrative of Andre Cronje's decision to leave DeFi segment.


Largely, this statement is set to explain that the influence of Andre Cronje's decision on Fantom's progress and promotion should not be exaggerated.
As per the document, neither Cronje nor his colleague Anton Nell were core developers of Fantom (FTM). Like other products that had been curated by Cronje, Fantom (FTM) has its own team to be responsible for Fantom's future.
As such, the roadmap of Fantom is still valid: the team is even expanding its human and technical resources:
Fantom's technology development is continuing as normal. In fact, it is accelerating, with new hires being made.

Here's how Andre Cronje's departure affected the altcoins
Also, Fantom's representatives stressed that media outlets that spread the misinformation had their articles retracted in "one-two hours."
As covered by U.Today previously, Andre Cronje and Anton Nell decided to quit all activities in the decentralized finance segment. They left their advisory positions at Yearn.Finance, Solidly and so on.

YFI, FTM, KP3R and other native cryptocurrencies of the products associated with these devs simultaneously posted double-digit losses in almost no time.
Known as "DeFi Dad," South African engineer Andre Cronje is one of the most influential developers in DeFi: he is an architect of the Yearn.Finance (YFI) protocol.

Letture associate

The Rally That Wasn't

The article analyzes Bitcoin's sharp decline amid a shift in macroeconomic expectations, with strong US job data leading markets to price out Fed rate cuts. Bitcoin fell 13% to around $67,000, triggering significant outflows from US spot ETFs and indicating institutional de-risking. On-chain data confirms a bearish structure. Price has dropped back into the "bear market range," with the Short-Term Holder Cost Basis falling below a key mean level—a pattern last seen in early 2022. The profitability bias has collapsed, with loss realization now dominating, mirroring a panic wave from February. Recent buyers who accumulated near the $82k top are under pressure, and loss realization is accelerating across both short-term and long-term holder cohorts. Off-chain, the rally failed at the aggregate US ETF cost basis near $83k, turning it into resistance. Spot market demand has deteriorated sharply, with sellers dominating order books. While a major long liquidation event cleared over $400M in leverage, spot buyers have not returned to absorb supply. Options markets show sustained demand for downside protection (elevated put premiums) but not panic, with volatility premiums near three-month highs. The conclusion is that the market remains fragile, with overhead supply from trapped ETF investors, weak spot demand, and accelerating losses. Without a return of spot buying and a reclaim of key cost bases, Bitcoin is vulnerable to further downside within the prevailing bear market structure.

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The Rally That Wasn't

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Benvenuto in HTX.com! Abbiamo reso l'acquisto di yearn.finance (YFI) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente yearn.financeYFI.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva yearn.finance (YFI)Dopo aver acquistato yearn.finance (YFI), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia yearn.finance (YFI)Scambia facilmente yearn.finance (YFI) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

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