Ethereum Foundation Unveils Advisory Council to Defend Blockchain Values

Ethereum Foundation Forms External Council to Uphold Blockchain Values

The Ethereum Foundation (EF) has announced the creation of the "Silviculture Society," an external advisory group aimed at preserving the core values of the Ethereum blockchain. According to Cointelegraph, the group, introduced on February 28, 2025, will provide informal counsel to the EF and focus on maintaining principles such as open source, privacy, security, and censorship resistance. The council comprises 15 individuals, including researchers and developers, who will work to ensure that Ethereum's ecosystem remains aligned with its foundational values.

This initiative follows Ethereum co-founder Vitalik Buterin's recent criticism of the crypto industry's moral shift toward gambling. Buterin expressed concerns about Ethereum being labeled as "intolerant" for not embracing blockchain-based casinos. Despite these challenges, Buterin remains optimistic about the community's commitment to its values, as evidenced by offline interactions with its members.

Additionally, the EF has pledged $1.25 million to support the legal defense of Tornado Cash developer Alexey Pertsev, emphasizing its stance on privacy and open-source development. Pertsev expressed gratitude for the donation, which he described as crucial for his appeal. Source: Cointelegraph.

Coinbase Adds Support for DeFi Lending Protocol Morpho

Coinbase, a leading US-based cryptocurrency exchange, has announced support for Morpho (MORPHO), a decentralized finance (DeFi) lending protocol built on Ethereum and Base. According to The Daily Hodl, the announcement caused a surge in Morpho's price, which rose from $2.05 to a peak of $2.42 on February 28, 2025, before stabilizing at $2.21. This represents a 7.9% gain within 24 hours.

Morpho, launched in 2022, employs an oracle-agnostic pricing model to enhance security and efficiency in lending. The protocol aims to become the most open and efficient lending primitive while maintaining a trustless operation. Coinbase's support for Morpho highlights the growing interest in innovative DeFi solutions. Source: The Daily Hodl.

Early Ethereum Investor Nets $29M Profit

An early Ethereum investor has reportedly sold 14,000 ETH through Wintermute OTC, netting a profit of $29.07 million. The Crypto Basic reports that the transaction, valued at approximately $31.92 million, took place on February 27, 2025. The ETH was acquired between 2016 and 2018 at an average price of $203.22 per coin, amounting to a total investment of $7.3 million.

This sale comes amid a broader market downturn, with Ethereum experiencing significant sell-offs. The Fear and Greed Index recently dropped to a multi-year low of 10, indicating extreme fear among investors. Despite the market's volatility, the investor's wallet now holds a balance of 0.515 ETH, while the source address retains 49.562 ETH. Source: The Crypto Basic.

Ethereum Drops 20% in Three Days

Ethereum has experienced a sharp 20% decline over three days, bringing its price to approximately $2,100. Cointribune reports that the drop is attributed to macroeconomic pressures, including rising unemployment claims and declining home sales in the US. These factors have created a climate of uncertainty across financial markets, including cryptocurrencies.

Despite the downturn, indicators from the derivatives market suggest potential stabilization. The annual premium on Ether futures contracts has slightly rebounded, and institutional players appear to remain calm. Analysts believe that if Ethereum regains the $2,500 level, a recovery toward $2,800 could be possible in the coming weeks. Source: Cointribune EN.

Uniswap Founder Criticizes Ethereum Foundation's New Advisory Group

Uniswap founder Hayden Adams has voiced criticism of the Ethereum Foundation's newly formed advisory group, the "Silviculture Society." According to CryptoSlate, Adams described the initiative as a symbolic gesture that fails to address the community's concerns about transparency and communication. The group, comprising 15 external members, aims to uphold Ethereum's core values.

Ethereum co-founder Vitalik Buterin defended the initiative, stating that it is an experimental effort to incorporate community feedback. He emphasized that the group operates without financial compensation and has a one-year term. Despite Adams' initial criticism, he later acknowledged the effort as reasonable but reiterated the need for clearer communication from the Foundation. Source: CryptoSlate.

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