Ethereum’s co-founder said the $43 million withdrawal will support a broader “full-stack openness and verifiability” vision as the foundation tightens spending. 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 In a post on X, Buterin said he has personally withdrawn 16,384 ETH, worth roughly $43 million at current market prices, to support a broader effort to build an open-source, secure and verifiable “full stack” of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. Ether ETH$2,641.48 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. https://www.coindesk.com/business/2026/01/30/vitalik-buterin-withdraws-usd17-million-in-eth-as-ethereum-foundation-enters-mild-austerity #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
