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In a post on X, Buterin said he has personally withdrawn 16,384 ETH, worth roughly $43 million at current market prices, to support a broader effort to build an open-source, secure and verifiable “full stack” of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
South Korea Launches Innovative Stablecoin Initiative
The post South Korea Launches Innovative Stablecoin Initiative appeared on BitcoinEthereumNews.com. South Korea has witnessed a pivotal development in its cryptocurrency landscape with BDACS introducing the nation’s first won-backed stablecoin, KRW1, built on the Avalanche network. This stablecoin is anchored by won assets stored at Woori Bank in a 1:1 ratio, ensuring high security. Continue Reading:South Korea Launches Innovative Stablecoin Initiative Source: https://en.bitcoinhaber.net/south-korea-launches-innovative-stablecoin-initiative
Share
BitcoinEthereumNews2025/09/18 17:54
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
Taiko Makes Chainlink Data Streams Its Official Oracle
The post Taiko Makes Chainlink Data Streams Its Official Oracle appeared on BitcoinEthereumNews.com. Key Notes Taiko has officially integrated Chainlink Data Streams for its Layer 2 network. The integration provides developers with high-speed market data to build advanced DeFi applications. The move aims to improve security and attract institutional adoption by using Chainlink’s established infrastructure. Taiko, an Ethereum-based ETH $4 514 24h volatility: 0.4% Market cap: $545.57 B Vol. 24h: $28.23 B Layer 2 rollup, has announced the integration of Chainlink LINK $23.26 24h volatility: 1.7% Market cap: $15.75 B Vol. 24h: $787.15 M Data Streams. The development comes as the underlying Ethereum network continues to see significant on-chain activity, including large sales from ETH whales. The partnership establishes Chainlink as the official oracle infrastructure for the network. It is designed to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a wide range of decentralized finance (DeFi) applications, from complex derivatives platforms to more niche projects involving unique token governance models. According to the project’s official announcement on Sept. 17, the integration enables the creation of more advanced on-chain products that require high-quality, tamper-proof data to function securely. Taiko operates as a “based rollup,” which means it leverages Ethereum validators for transaction sequencing for strong decentralization. Boosting DeFi and Institutional Interest Oracles are fundamental services in the blockchain industry. They act as secure bridges that feed external, off-chain information to on-chain smart contracts. DeFi protocols, in particular, rely on oracles for accurate, real-time price feeds. Taiko leadership stated that using Chainlink’s infrastructure aligns with its goals. The team hopes the partnership will help attract institutional crypto investment and support the development of real-world applications, a goal that aligns with Chainlink’s broader mission to bring global data on-chain. Integrating real-world economic information is part of a broader industry trend. Just last week, Chainlink partnered with the Sei…
Share
BitcoinEthereumNews2025/09/18 03:34