Ethereum Foundation Reaffirms Neutrality Amid Criticism, Bitcoin Bounces on Geopolitical News

Ethereum Foundation Reaffirms Neutrality Amid Criticism, Bitcoin Bounces on Geopolitical News

Published on

Vitalik Buterin addressed critics of the Ethereum Foundation, emphasizing its neutrality and minimal holdings of ETH, which are less than 1% of the total supply. Meanwhile, Bitcoin experienced a price bounce following news of former President Trump's upcoming announcement regarding a 'negotiated' Iran deal.

The Ethereum Foundation holds less than 1% of all ETH in circulation while other protocol foundations typically hold 10-50% of their native token's supply, the founder said.

President Donald Trump promised “Final aspects and details of the deal are currently being discussed" in a post on Truth Social, which coincided with a positive movement in Bitcoin's price.