Buterin Shrinks Ethereum Foundation, Sells Less ETH

Ethereum co-founder Vitalik Buterin announced a significant shift in the Ethereum Foundation's (EF) structure and strategy. He stated the foundation will reduce its ETH holdings and focus on 'CROPS' initiatives, indicating a move towards more specialized projects. Buterin emphasized that the EF will no longer be the central authority for Ethereum, but rather 'one node with a defined purpose.' This decentralization aims to foster broader community involvement and innovation within the Ethereum ecosystem, reducing reliance on a single entity for development and governance.