Ethereum Foundation Gets a Dynamic Duo: Hsiao-Wei Wang and Tomasz Stańczak

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Co-Executive Directors Take Helm Of The Ethereum Foundation

Hey, guess what? The Ethereum Foundation just got a major shake-up! 🤯 Meet the dynamic duo, Hsiao-Wei Wang and Tomasz Stańczak, who are now the co-executive directors. They’re replacing Aya Miyaguchi, who’s transitioning to the newly created position of Foundation President. 👩‍💼👨‍💼

Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation’s research team, was a key contributor to core initiatives like the Ethereum 2.0 beacon chain and sharding research. She also earned respect as a community builder by organizing Ethereum developer events in Taiwan. 🌏

Tomasz Stańczak, meanwhile, is best known as the founder of Nethermind, one of Ethereum’s major software clients, which he grew from a small project into a global blockchain infrastructure company. 🚀

This leadership restructuring is a shift from Ethereum’s earlier setup, where decision-making often centered on a few figures like Miyaguchi and even Ethereum creator Vitalik Buterin. Buterin, who had hinted that changes were coming, took to social media platform X to publicly congratulate Wang and Stańczak on their appointments. 🎉

In practical terms, the new directors are expected to double down on technical R&D (like scaling improvements and protocol upgrades) and nurture the developer community, all while keeping Ethereum’s ethos of a permissionless and censorship-resistant financial platform intact. 🔧

Price Action More Bearish Than Bullish

Ethereum’s market performance has been on a full decline in recent weeks, which is an extension of its underperformance in the current market cycle. After a strong start to the year when the ETH price surged to about $3,700 in early January, the momentum has been of a decline for the past two months. 📉

Notably, ETH’s lack of a bullish price momentum has been aggravated by Bitcoin’s price crash in the past week, which has flowed into the altcoin market. This fall in the price of Ethereum has been accompanied by a decline in on-chain activity and sentiment reaching a 12-month low. 😞

Transaction volumes in late February dropped about 15%, to roughly $12 billion per day, the lowest in two months, while the number of active Ethereum addresses fell by 10% over the same period. 📉

At the time of writing, Ethereum is trading at $2,210 and is at risk of breaking below $2,200 this week. 📉

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2025-03-02 21:41