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Crypto
Ethereum Foundation sees continued staff departures; 5 senior members leave in May
Two more key researchers have resigned from the Ethereum Foundation, lifting confirmed major departures this year to at least eight. Cointelegraph reported that Julian Ma and Carl Beek left after 4 and 7 years, respectively. Their exits bring to 5 the number of senior developers and researchers who have left in May alone. The departures follow earlier resignations and a leadership shake-up signalled by Ethereum co-founder Vitalik Buterin.
Crypto
Ethereum leverage falls as derivatives cool and whales accumulate spot
Ethereum futures open interest fell by $2 billion over the past week, signalling a sharp reduction in derivatives-market leverage. Despite holding around $2,300, open interest slipped to $12.4 billion and funding turned negative, with short positions making up 34 percent. Binance and Gate saw the biggest position unwinds. Concerns linked to the Kelp DAO hack added uncertainty. On-chain data also showed whale accumulation and more than 2.7 million ETH waiting for long-term staking.
Crypto
Ethereum Foundation seeks to convert 5,000 ether into stablecoins to fund operations and grants
The Ethereum Foundation plans to convert about 5,000 ether into stablecoins to secure funds for operating costs and grant programmes. It will sell ether gradually using CoWSwap\'s time-weighted average price function to reduce market impact, targeting about $11 million. The move follows earlier TWAP sales and reflects a broader shift toward DeFi operations and staking alongside sales and over-the-counter deals. The foundation continues to hold substantial ether and stablecoin assets.