VITALIKBUTERIN

Recently, Bybit experienced a $1.5 billion hacking attack, sparking widespread discussions about cryptocurrency security. However, Ethereum co-founder Vitalik Buterin reminded everyone that, in addition to theft prevention, the accidental loss of cryptocurrency is also worth attention.

In a post on X on February 28, Buterin listed several common ways cryptocurrency is lost: software errors, forgotten passwords, lost devices, accidental deletion, and failure to back up data when upgrading hardware. He pointed out that the victims of these issues often hesitate to speak out because there is no clear 'perpetrator' to hold accountable.

Aya Miyaguchi has been promoted from executive director to president of the Ethereum Foundation, effective February 25, 2025. This leadership shift is part of a broader restructuring effort aimed at addressing community concerns and strengthening institutional partnerships.

Since joining the foundation in 2018, Miyaguchi has overseen major milestones, including Ethereum’s transition to proof-of-stake in 2022—an upgrade that significantly reduced the network’s energy consumption. She has championed decentralization, describing Ethereum as an “Infinite Garden” of innovation. Under her leadership, the foundation has focused on client diversity, research interoperability, and major events like the annual Devcon conference.

The leadership change comes amid criticism from some community members, who have voiced concerns over Ethereum’s slower developer growth and competitiveness compared to rivals like Solana. Some have attributed these challenges to Miyaguchi’s hands-off approach, while supporters—including Ethereum co-founder Vitalik Buterin—credit her with preserving the network’s decentralized ethos.

Earlier this year, Buterin publicly condemned harassment directed at Miyaguchi, calling it “pure evil” in a January 2025 social media post. He reaffirmed his authority over leadership decisions, stating, “The person deciding the new EF leadership team is me,” while defending Miyaguchi’s role in technical advancements and governance coordination.

The restructuring also includes plans to introduce a formal governance board to enhance transparency. In a recent blog post, Miyaguchi mentioned that the new model would seek to balance decentralization with strategic leadership, though specific details remain undisclosed.

As president, Miyaguchi will focus on global institutional partnerships and cultural advocacy—efforts that will test her ability to unify Ethereum’s divided community. While Ethereum remains dominant in decentralized finance, growing competition has intensified the need to address scalability and developer retention. The foundation’s upcoming decisions will likely shape the network’s long-term innovation and governance approach.

Following the leadership transition announcement, the Ethereum Foundation also pledged a $1.25 million donation to support the legal defense of Alexey Pertsev. In a statement on X, the foundation affirmed its stance on privacy, stating, “Privacy is normal, and writing code is not a crime.”

$ETH

In the wild world of cryptocurrency, few stories are as intriguing as the decision by the Shiba Inu (SHIB) project to send 50% of its total token supply to Vitalik Buterin, the co-founder of Ethereum. This bold move sparked curiosity, speculation, and even admiration across the crypto community. But what was the real reason behind this decision? Let’s dive into the fascinating story of why SHIB sent half of its tokens to Vitalik and the impact it had on the crypto world.
---
## 1. The Grand Gesture: 500 Trillion SHIB to Vitalik
When Shiba Inu launched, it created a total supply of 1 quadrillion SHIB tokens. In a surprising move, the team sent half of this supply—**500 trillion SHIB**—to Vitalik Buterin’s wallet. At the time, this was worth billions of dollars. But why?
- A Symbol of Trust: Vitalik Buterin is one of the most respected figures in the blockchain space. By sending him half of the supply, the Shiba Inu team signaled trust and respect for his contributions to the crypto ecosystem.
- Decentralization Statement: The move demonstrated that the team wasn’t hoarding the tokens, reinforcing the idea of decentralization and fairness.
---
## 2. The Great Burn: Reducing Supply, Increasing Scarcity
Vitalik Buterin didn’t just sit on the tokens. In a move that shocked the crypto world, he burned 90% of the SHIB tokens he received—**450 trillion SHIB**—by sending them to a dead wallet. This act effectively removed those tokens from circulation forever.
- Why Burn Tokens? Burning tokens reduces the total supply, increasing scarcity and potentially boosting the value of the remaining tokens.
- Deflationary Effect: With 450 trillion SHIB out of circulation, the remaining supply became more valuable, benefiting SHIB holders.
---
## 3. Charity in the Spotlight: Giving Back to the World
Vitalik didn’t stop at burning tokens. He donated the remaining 10% (50 trillion SHIB) to charitable causes, including the India COVID-C Relief Fund during the peak of the pandemic. This donation was worth over $1 billion at the time.
- Real-World Impact: The donation highlighted the potential of cryptocurrencies to support meaningful causes and make a difference in the world.
- Positive PR for SHIB: The charitable act brought positive attention to the Shiba Inu project, showcasing its potential for more than just memes and speculation.
---
## 4. Marketing Genius: Hype and Visibility
The transfer of SHIB tokens to Vitalik wasn’t just a technical or symbolic move—it was a marketing masterstroke. Here’s why:
- Vitalik’s Involvement: Associating SHIB with a figure as prominent as Vitalik Buterin brought instant credibility and visibility to the project.
- Community Buzz: The move generated massive hype, drawing attention from both crypto enthusiasts and mainstream media. SHIB quickly became one of the most talked-about tokens in the market.
---
## 5. A Statement on Decentralization
By sending half of the supply to Vitalik, the Shiba Inu team made a clear statement about decentralization. It showed that they weren’t holding onto the majority of the tokens, which could have raised concerns about centralization and manipulation. Instead, they distributed the tokens in a way that benefited the broader ecosystem.
---
## The Impact on SHIB: From Meme Coin to Major Player
The decision to send half of the SHIB supply to Vitalik had a profound impact on the token’s trajectory:
- Increased Scarcity: The burn of 450 trillion SHIB reduced the total supply, making the remaining tokens more valuable.
- Legitimacy and Trust: Vitalik’s involvement and the charitable donations added legitimacy to SHIB, helping it shed its image as just another meme coin.
- Price Surge: The hype and reduced supply contributed to SHIB’s meteoric rise in 2021, making it one of the top-performing cryptocurrencies of the year.
---
## Conclusion: A Bold Move with Lasting Impact
The decision to send half of the SHIB supply to Vitalik Buterin was a bold, multi-faceted strategy that combined token burning, charitable giving, and marketing genius. It not only increased the token’s scarcity and value but also showcased the potential of cryptocurrencies to make a real-world impact.
Today, SHIB stands as a testament to the power of innovation, community, and strategic thinking in the crypto space. And it all started with a simple yet revolutionary decision: sending 500 trillion SHIB to Vitalik Buterin.

What do you think of this move? Was it a stroke of genius or a risky gamble? Let us know in the comments! 🚀 $SHIB
#binance #BinanceLaunchpoolRED #Shibburning #VitalikButerin

#BINANCENEWS
#BYBITSCAM
#ETHEREUMCRASH
#VitalikButerin

Read very well: The Bybit hack and the drop of $ETH
What happened in the market has been very bad and continues to affect us all to this day. Here are the points we will discuss in this article that you ALL SHOULD READ.
📍Ethereum will drop significantly in the next 7 days.
📍Vitalik Buterin could soon fork $ETH as a last resort.
📍The scammers stole over $1.5 billion in ETH and destroyed the ecosystem.