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Ethereum Foundation Appoints New Co-Executive Directors Amidst Price Decline

Coin WorldSunday, Mar 2, 2025 1:42 pm ET
1min read

The Ethereum Foundation, the non-profit organization responsible for stewarding Ethereum's development, has announced a significant shake-up in its leadership ranks. Two new co-executive directors, Hsiao-Wei Wang and Tomasz Stańczak, have been appointed to lead the foundation as it embarks on a fresh strategic direction. This change comes as Ethereum's price continues to decline towards the $2,000 mark.

Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation's research team, brings deep protocol expertise and industry experience to her new role. She was a key contributor to core initiatives like the Ethereum 2.0 beacon chain and sharding research, and earned respect as a community builder by organizing Ethereum developer events in Taiwan.

Tomasz Stańczak, meanwhile, is best known as the founder of Nethermind, one of Ethereum's major software clients. He grew the company from a small project into a global blockchain infrastructure company, and his expertise in engineering and talent development is expected to strengthen the Foundation's technical teams. Stańczak is even stepping down as Nethermind's CEO to focus on this new role.

This leadership restructuring is a shift from Ethereum's earlier setup, where decision-making often centered on a few figures like Aya Miyaguchi, the previous Executive Director, and even Ethereum creator Vitalik Buterin. Buterin hinted that changes were coming and took to social media to publicly congratulate Wang and Stańczak on their appointments.

The new directors are expected to double down on technical R&D, such as scaling improvements and protocol upgrades, and nurture the developer community. They aim to keep Ethereum's ethos of a permissionless and censorship-resistant financial platform intact.

Ethereum's market performance has been on a full decline in recent weeks, extending its underperformance in the current market cycle. After a strong start to the year when the ETH price surged to about $3,700 in early January, the momentum has been of a decline for the past two months.

Notably, ETH's lack of a bullish price momentum has been aggravated by Bitcoin's price crash in the past week, which has flowed into the altcoin market. This fall in the price of Ethereum has been accompanied by a decline in on-chain activity and sentiment reaching a 12-month low. Transaction volumes in late

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qw1ns
03/02
HODLing some ETH, trust in the dev community to drive adoption. Long-term, Ethereum 2.0 could be a game-changer.
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elpapadoctor
03/02
@qw1ns How long you planning to HODL ETH? Got any price targets in mind?
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notbutterface
03/02
New leadership, fresh vibes. Ethereum's tech game needs a boost, so scaling and dev support are key. 🚀
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DumbStocker
03/02
Ethereum's price dip feels rough, but fresh leadership
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bigbear0083
03/02
New leadership, new vibes. Ethereum 2.0, let's go!
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Urselff
03/02
Nethermind's CEO stepping down? Big moves in play
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Artistic_Studio2784
03/02
@Urselff 😂
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Urselff
03/02
HODLing ETH, hoping Wang & Stańczak pump it 🤞
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Miguel_Legacy
03/02
Hope these new leaders pump some life into ETH, else $2k might turn into a bad meme.
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CertifiedWwDuby
03/02
Scaling and R&D focus? Ethereum might moon soon.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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