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Andre Cronje confirmed his resignation from the Sonic Labs board of directors. He stated that he only served as a technical advisor and did not participate in Fantom or Sonic ecosystem’s business, token, migration, or operational decisions. In the future, he will focus on building Flying Tulip.

According to ChainCatcher, in response to recent community doubts about the Ethereum Foundation and rumors of a potential funding crisis, Grayscale Head of Research Zach Pandl posted on X that, in the long term, the ongoing institutional restructuring of the Ethereum Foundation carries positive implications for Ethereum. He cites two main reasons: First, more development work will shift to commercial organizations, reducing the development responsibilities borne by the Foundation and potentially prompting more initiatives by commercial entities, thus increasing the overall efficiency of the ecosystem; second, the restructuring helps uphold the core principles of Ethereum as digital currency infrastructure. A more focused and clearly defined Ethereum Foundation might better ensure that Ethereum continues to adhere to the “CROPS” principles needed to build sound digital currency. If the Ethereum Foundation were to reduce its direct involvement in ecosystem development in the future and instead focus on upholding the long-term core objectives of Ethereum, this could help strengthen ETH’s position as foundational infrastructure for decentralized digital assets.

Bitwise CEO Hunter Horsley stated that the crypto industry is undergoing a transformation similar to the post-dotcom bubble period, and future winners will achieve success based on real value and practical capabilities. During the internet bubble of the 1990s, hundreds of companies once received valuations of between 500 million and 1 billion US dollars, but only a few that proved their worth stood out and achieved longer-term and larger-scale development. Today, the number of winners in the crypto industry will decrease, but their scale and sustained growth will exceed expectations.