「Ethereum Savior」: Former Foundation Developer Proposes Raising $1 Billion to Establish ETH Advocacy Organization
May 22: Former Ethereum Foundation core developer Dankrad Feist is calling for raising at least $10 billion to launch a new Ethereum advocacy organization aimed at "saving" ETH.
The existing Ethereum Foundation, a non-profit, holds less than 0.1% of ETH and generates no staking or fee income—creating a disconnect from Ethereum’s economic interests that Feist argues is hindering effective efforts to boost ETH’s price.
Under his proposal, the new organization would need robust financial support, "battle-ready" leadership, and a board of directors with direct stakes in ETH to align their priorities with growing the cryptocurrency’s value. Part of the funds could come from staking revenue to ensure tighter alignment and accountability with the Ethereum ecosystem.
This push comes amid ongoing talent exodus at the Ethereum Foundation: Feist himself left last year to join Layer 1 project Tempo, and two additional researchers resigned just this week—amplifying community frustration with the
7 minutes ago
Two new addresses received 500 Bitcoin from Galaxy Digital, worth $38.84 million
On May 22nd, per monitoring from OnchainLens, an on-chain whale is accumulating a large amount of Bitcoin. Two newly created wallets—bc1qn and bc1q0—each received 500 Bitcoin from Galaxy Digital, totaling $38.84 million. Another separate address received 809 Bitcoin from FalconX, worth $62.74 million. The whale currently holds a combined total of 1,583.6 Bitcoin across these two wallets, valued at $124.42 million.
7 minutes ago
Paradigm and Tempo Jointly Open Source AI Agent Runtime Framework Centaur
According to monitoring from Beating Subsense (tracked via https://t.me/OneMillion_AI), Paradigm and Tempo have jointly open-sourced Centaur: a self-hosted, multi-user collaborative, secure AI Agent runtime framework. Since January 2026, it has been widely deployed internally at Paradigm, fundamentally overhauling key workflows including investments, engineering, design, recruitment, events, and customer service. Centaur acts as a shared “virtual employee” accessible via Slack threads or APIs, supporting long-running tasks (from hours to days), resilience to restarts, and integration with real tools without requiring users to handle original credentials. Users only need to add a tool or SKILL.md workflow once, making it immediately shareable across the organization; it also performs daily self-reflection and improvements.
Centaur uses a microservices architecture (Slackbot + FastAPI + Postgres + sandbox containers + Iron Proxy firewall + observability), where each Slack thread maps to
7 minutes ago
SEC Commissioner: On-chain Tokenization of Stock Receives "Innovation Exemption" Only Applicable to Currently Tradable Secondary Market Stock
On May 22, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce noted that while she recognizes rising interest in on-chain trading and tokenized National Market System (NMS) stocks, she pushes back against overhyping the trend. The relevant exemption is narrow: it only covers digital representations of actual underlying equity securities—specifically, the same stocks investors can buy on secondary markets—not synthetic products.
7 minutes ago
An a16z Affiliate Whale Address has accumulated 3.17 million HYPE tokens, with an unrealized gain of up to $33 million.
May 22 – According to on-chain analytics firm LookOnChain, the whale address linked to top Silicon Valley venture capital firm a16z has purchased 261,250 additional HYPE tokens over the past hour, a transaction valued at $15.2 million. Since April 14, this whale has amassed a total of 3.17 million HYPE tokens, for a combined total outlay of $148.5 million, bringing its average purchase price to $46.8 per token. Its current holdings of HYPE now carry an unrealized profit of $33 million.
7 minutes ago
Galaxy and BitGo Engage in Court Battle Over $100 Million Merger Termination Fee
May 22nd brought a court showdown between Galaxy Digital founder and billionaire Michael Novogratz and BitGo Holdings CEO Mike Belshe, centered on a four-year-old merger dispute. BitGo is suing Galaxy for at least $1 billion in breach-of-contract damages linked to a 2021 $12 billion acquisition offer—then the largest M&A deal in crypto industry history, which collapsed after the crypto market crash. BitGo alleges Galaxy failed to use reasonable efforts to close the transaction, and also concealed details of U.S. authorities investigations that could have significantly hampered the merger’s completion from relevant parties.
7 minutes ago
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