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Ethereum community proposes $1B group to boost ETH price amid Foundation turmoil

Market News
21 May 2026
Crypto Briefing
View Source
Neutral
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The Ethereum Foundation has seen a wave of senior departures in 2026, sparking community frustration over its focus away from ETH's market value. In response, a proposal emerged to create a new independent organization with at least $1 billion in funding dedicated to improving Ethereum's price and competitive position. This group would operate outside the Foundation's current mandate, which prioritizes technical principles over financial performance, and would be funded through staking revenue for long-term independence. While this could strengthen ETH's market stance, it risks creating competing power centers within the ecosystem.

More News

Global GLP-1 receptor agonist market to reach $95.3B by 2035, growing at 12.1% CAGR driven by diabetes and obesity demand.

Global GLP-1 receptor agonist market to reach $95.3B by 2035, growing at 12.1% CAGR driven by diabetes and obesity demand.

The global GLP-1 receptor agonist market, used primarily for type 2 diabetes and obesity management, is projected to grow from $28.7 billion in 2025 to $95.3 billion by 2035, at a compound annual growth rate of 12.1%. Growth is fueled by rising diabe...

Market News
Bullish
2 hours ago
17EdTech Q1 2026 revenue jumps 359%, net loss narrows to RMB19.4M on AI-driven growth

17EdTech Q1 2026 revenue jumps 359%, net loss narrows to RMB19.4M on AI-driven growth

17 Education & Technology Group Inc. reported a strong first quarter for 2026 with net revenues soaring 359% year-over-year to RMB99.5 million, driven by its AI-powered personalized learning app Yiqi Aixue. The company improved its gross margin to 61...

Company Fundamentals
Bullish
2 hours ago
Investigation launched into Simulations Plus for possible false statements affecting investors.

Investigation launched into Simulations Plus for possible false statements affecting investors.

The Schall Law Firm is investigating Simulations Plus, Inc. for potentially issuing false or misleading statements and failing to disclose important information to investors. This probe could impact shareholders who may have suffered losses due to th...

Market News
Bearish
3 hours ago
XRP tests $1.30 resistance as traders await breakout confirmation amid whale accumulation and Ripple's Africa expansion.

XRP tests $1.30 resistance as traders await breakout confirmation amid whale accumulation and Ripple's Africa expansion.

XRP is hovering just below the key $1.30 resistance level, with traders watching for a daily close above this mark and rising volume to confirm a bullish breakout. Despite a recent 7% weekly gain, XRP remains under pressure over the medium term, trad...

Technical Signals
Neutral
4 hours ago
Securitize expands tokenized CLO fund to Solana as Ethena eyes $250M stablecoin allocation

Securitize expands tokenized CLO fund to Solana as Ethena eyes $250M stablecoin allocation

Securitize is broadening its tokenized collateralized loan obligation (CLO) fund, STAC, to the Solana blockchain, enhancing accessibility and efficiency. Meanwhile, Ethena is considering a significant $250 million allocation to support stablecoin bac...

Market News
Bullish
4 hours ago
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