Ethereum Foundation Revamps Leadership Amid Market Volatility
The Ethereum Foundation announces its leadership level significant Appoint two new ones Co-executive Directors as it embarks on a new strategic direction. Hsiao-wei Wang and Tomasz Stańczak will jointly manage the development of the Housekeeper Ethereum, replacing the sole executive role Aya Miyaguchi has previously held.
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On the other hand, Miyagi, who served as executive director for seven years, is transitioning to the newly formed foundation chair. Due to the price of Ethereum, this interesting leadership change is Continue to decline The $2,000 mark reached.
Co-executive Directors in charge of the Ethereum Foundation
Ethereum’s new leader incorporates deep protocol expertise and industry experience. Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation research team, is a key factor in core initiatives such as Ethereum 2.0 Beacon Chain and Sharding Research. She also gained respect from community builders by organizing Ethereum developer events in Taiwan.
Meanwhile, Tomasz StaÅ„czak is the founder of Nethermind, one of Ethereum’s major software clients, who grew it from a small project into a global blockchain infrastructure company. StaÅ„czak’s expertise in engineering and talent development is expected to strengthen the foundation’s technical team, and even resigned from the new role in resigning as CEO of Nethermind.
This leadership restructuring is a transition from an early setup in Ethereum where decisions are often focused on figures like Miyaguchi, and even Ethereum creator Vitalik Buterin. Buterin, who suggests that changes are coming, enters social media platform X Public congratulations King and Stankak’s date.
In fact, new directors are expected to double their technology development (such as extension improvements and protocol upgrades) and foster a developer community while maintaining Ethereum’s spirit for a license-free and censored resistant financial platform.
Price action is more bearish than bearish than bearish
Ethereum’s market performance It has completely dropped This is an extension of its underperformance in the current market cycle in recent weeks. The year started a big start in the year when ETH prices surged to $3,700 in early January, and that momentum has been declining over the past two months.
It is worth noting that the price crash in Bitcoin over the past week has caused ETH to lack bullish price momentum, which has flowed into the Altcoin market. Ethereum’s price declines, accompanied by a decline in on-chain activity and The mood of arrival Low 12 months.
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Trading volume fell by about 15% in late February to about $12 billion a day, the lowest in two months, while the number of active Ethereum addresses fell by 10% over the same period.
Ethereum trades at $2,210 at the time of writing And it is possible Break below $2,200 this week.
Featured images from VOI, charts from TradingView
