Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Vitalik Buterin to spend $43 million on Ethe
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Vitalik Buterin to spend $43 million on Ethe
Vitalik Buterin to spend $43 million on Ethereum development
5 min read
Vitalik Buterin to spend $43 million on Ethereum development
Ethereum’s co-founder said the $43 million withdrawal will support a broader “full-stack openness and verifiability” vision as the foundation tightens spending.
By Oliver Knight|Edited by Shaurya Malwa
Updated Jan 30, 2026, 10:19 a.m. Published Jan 30, 2026, 9:48 a.m.
Make us preferred on Google
Vitalik withdraws $17 million in ETH (Keystone/picturedesk.com/CC BY 4.0/Modified by CoinDesk)
What to know:
- Vitalik Buterin withdrew 16,384 ETH, worth about $43 million at current prices, to deploy toward open-source security and privacy projects.
- The move comes as the Ethereum Foundation enters a period of “mild austerity” following a market drawdown.
- The foundation still holds roughly $558 million in crypto assets, according to Arkham.
Ethereum co-founder Vitalik Buterin said the Ethereum Foundation (EF) is entering a period of “mild austerity,” as it seeks to deliver an aggressive scaling roadmap while ensuring it can sustain itself over the long term.
In a post on X, Buterin said he has personally withdrawn 16,384 ETH, worth roughly $43 million at current market prices, to support a broader effort to build an open-source, secure and verifiable “full stack” of software and hardware.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
Ether ETH$2,723.70 was trading around $2,720 on Tuesday, down significantly from its October peak near $4,831, as crypto markets have pulled back in recent weeks.
Buterin framed the initiative as extending beyond Ethereum itself, with potential applications across finance, communications, governance, operating systems and secure hardware. He also pointed to emerging areas such as biotech and public health, alongside privacy-preserving tools like encrypted messaging and local-first software.
The Ethereum Foundation will remain focused on developing the blockchain, Buterin said, but with an emphasis on “Ethereum for people who need it” — prioritizing decentralization, self-sovereignty, privacy and security over corporate adoption.
Buterin also said he is exploring decentralized staking options that could generate additional funding through staking rewards over time.
The announcement comes as the Foundation holds about $558 million worth of crypto assets, according to blockchain analytics firm Arkham. Vitalik, meanwhile, holds $666 million.
Ethereum FoundationVitalik ButerinEthereum News
More For You
Pudgy Penguins: A New Blueprint for Tokenized Culture
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
View Full Report
More For You
Tokenization firm Securitize reports 841% revenue growth as it prepares to go public
With crypto prices and crypto-related stocks in the midst of a major selloff today, Securitize SPAC merger partner Cantor Equity Partners II is higher by 4.4% on the news.
What to know:
- Securitize continued toward an ultimate public listing via a SPAC merger with Cantor Equity Partners II (CEPT).
- The company reported an 841% year-over-year increase in revenue to $55.6 million for the nine months ended September 2025.
- CEPT stock gained 4.4%, outperforming sharply lower crypto markets.
Read full story
Latest Crypto News
U.S. listed bitcoin, ether ETFs bleed nearly $1 billion in a day
Binance to shift $1 billion user protection fund into bitcoin amid market rout
Plunge in gold, silver, and copper sparks $120 million rout in blockchain metal clones
Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin
XRP bulls lose $70 million as Ripple-linked token plunges 7%
Bitcoin is going nuts with biggest volatility spike since November
Top Stories
Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets
Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff
Latest Crypto News
U.S. listed bitcoin, ether ETFs bleed nearly $1 billion in a day
Binance to shift $1 billion user protection fund into bitcoin amid market rout
Plunge in gold, silver, and copper sparks $120 million rout in blockchain metal clones
Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin
XRP bulls lose $70 million as Ripple-linked token plunges 7%
Bitcoin is going nuts with biggest volatility spike since November
Top Stories
Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets
Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge
The surge follows a difficult August, when investors pulled out more than $750 million while rotating capital into Ethereum-focused funds. […] The post Bitcoin ETFs Outpace Ethereum With $2.9B Weekly Surge appeared first on Coindoo.
Share
Coindoo2025/09/18 01:15
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions
The post Vitalik Buterin Questions the Continued Relevance of Ethereum’s Layer 2 Solutions appeared on BitcoinEthereumNews.com. Vitalik Buterin, a prominent voice
Share
BitcoinEthereumNews2026/02/04 05:30