Ethereum’s dev squad is pivoting.

Vitalik dropped a blog bomb outlining EF’s new mission, and suddenly the Foundation’s management structure is getting a revamp. But here’s the real question: will any of this pump ETH?

Spoiler: not everyone’s convinced.

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The New #Ethereum Foundation Vision

In his latest post, Vitalik Buterin outlined two big goals for the Ethereum Foundation (EF):

1. Expand real-world Ethereum usage by focusing on user benefits

2. Strengthen resilience & decentralization by patching system weak points

EF also doubled down on core values like open-source development, censorship-resistance, privacy, and security.

All sounds great — on paper.

But behind the PR facelift is a deeper issue: EF’s been under fire for inactivity, leadership exits, and a drop in developer momentum. Vitalik himself stepped in to take charge in January 2025.

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The Numbers Still Look Strong… Kinda

Ethereum is still the king of DeFi:

• 51%+ dominance across all DeFi protocols ($51.2B TVL via DeFiLlama)

• Second-largest crypto by market cap — ~$220B

• ETH-based spot ETFs in the U.S. hold $6.2B AUM

On-chain? Still thriving.

Price action? Not so much.

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$ETH Price = Sideways Pain

Let’s talk numbers:

• ETH all-time high: $4.9K (late 2021)

• ETH price on April 29, 2025: $1,820

• Down 45% YTD

• Last time ETH was at this level? End of 2023.

Meanwhile, $BTC is up 2% YTD, sitting at $94.8K, and up 250% since October 2023.

ETH? It’s tested $4K three times since mid-2024… and got smacked down every time.

That’s not a bullish look.

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Critics: Time to Go Full CorpFi?

Bitcoiners like Pierre Rochard aren’t impressed.

His take: EF’s goals are just “banal mission statements.”

Instead, he suggests ETH should go full NASDAQ mode:

• Tokenize EF

• Issue convertible bonds

• Accumulate $ETH like MicroStrategy stacks BTC

Sound crazy?

That’s literally how Strategy (fka MicroStrategy) got to 553,555 BTC — 2.6% of total supply — using bonds with near-zero coupons and high-premium conversions into $MSTR stock.

ETH could do the same — if it wanted to play TradFi’s game.

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DeFi Exposure: The First Step?

Until Feb 2025, EF never touched DeFi with its own funds.

That changed fast.

In February, EF deployed 45,000 ETH (~$120M) into lending protocols like Aave and Compound.

And they said it’s just the start — more deployments may follow.

Is this EF finally stepping out of the ivory tower and into the trenches? Or just testing the DeFi waters before going bigger?

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Final Thoughts: Governance or Ghosting?

Let’s be real — Ethereum has the ecosystem, the devs, and the first-mover edge in smart contracts.

But… ETH still hasn’t broken its ATH, while altcoins around it moon.

And governance uncertainty + foundation silence hasn’t helped.

The pivot sounds good — but unless EF starts acting like a strategic economic force (and not just a grant-giver), the market might keep sleeping on ETH.

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What do you think?

Will EF’s new strategy change the ETH price narrative — or is it too little, too late?

Drop your take below — the merge is done, but the mission’s far from over. 👇