First accounts were re-enabled tonight. Next we roll out in waves, starting with the people who our support team have identified as being in difficult situations (e.g. emergency fund recipients). We're still working to get everyone who uses the card back to business-as-usual by early next week.

For @gnosispay users: You will be able to continue using your physical and virtual card(s), but they will be linked to a new onchain Gnosis Pay Safe. Make sure to NOT send funds to old one anymore as they will be likely lost! All old Pay Safes were vulnerable and have therefore been replaced. Depending on the owner structure, only some were actually compromised and drained (by either white or black hat). If your old Safe was drained, your new Safe will be funded by Gnosis. If it was not compromised, you will need to migrate your funds to the new Safe.

Starting June 10, ETH will become the default payment method for all newly approved grants. 🦄 This brings our grant-making closer to the Ethereum ecosystem we support. This change applies to new applications submitted on or after June 10.

Most people still holding $eth are likely ready to go down with the ship; at least I am. Ethereum is a bastion of freedom and self-sovereignty in an increasingly controlled world. No amount of number go down could get me to sell. Even with most of my net worth in eth, I would hold it to literal zero. I would rather take a chance on eth and be wrong than give up hope on the most inspiring invention of my generation. Come zero or valhalla, I'll be here. Believe in somΞthing.

Interesting times. The internet spent decades separating identity from social. Now we're watching them converge again. The harder question is how it should work 👀

We're excited to share Epoch 12: Octant is for everyone. Allocation window opens at 12:30 pm ET today (16 June) and will close at 11:30 pm ET on 30 June. You can allocate on: http://octant.app This epoch marks a few big changes. This is our first epoch introducing ProperQF. This is our first epoch with zkproofs in voting. This is our first epoch open to ETH contributions. This is our first epoch on v2. So, let's get into it. Epoch 12 is our 13th funding round. We’ve got 200 ETH in our matching pool this time. As a GLM locker, you can allocate your WETH rewards to yourself and/or to projects that are part of this epoch. The matching pool will be quadratically split based on your allocations. For ETH contributions: 50% of the contribution will be converted to $GLM and burnt, and the remaining 50% will be allocated to your project selection. Part of this is to discourage sybil, and the other part is because our funding comes from @golemfoundation's treasury yield and GLM is core to the mechanism. We will be noting addresses who attempt to sybil and penalize them by removal in upcoming epochs. We've done a few deep dives on properQF and built a simulator you can use to model the final allocations: http://qf.octant.app Now for the fun part. We've got an incredible group of projects joining us in Epoch 12: @AestusRelay @BluefilterC @crypto_altruism @dappnode @eas_eth @ECHInstitute @etheconomiczone @ethStaker @EthereumRemix @FundingCommons @GiliEcoTrust @greenpilldevs @growthepie_eth @hypercerts @l2beat @OSObserver @ProtocolGuild @RevokeCash @rotkiapp @SEAL_911 @shefiorg @ShutterNetwork @solidity_lang @argotorg @torproject @zachxbt Allocation dates: 16 June - 30 June (11:30 PM EST). Every allocation makes a difference. Make yours count. Allocate now: http://octant.app

Strong start for digital art on day 1 of @ArtBasel's Zero 10 in Basel 🇨🇭 @john__gerrard's 'STANDARD' led at $500K in sales with @fellowshiptrust @williamapan's 'Paysages Plausibles' sold out at $220K with @artblocks_io Day 2 currently underway

After my sabbatical, I have decided to step down as co-executive director and board member of the Ethereum Foundation (@ethereumfndn), effective today. That time gave me space to reflect on my priorities and the kind of life I want to build next. During my break, Bastian (@aerugoettinea) guided the transition with care and thoughtfulness, and I appreciate the work he and many others have put into that process. Over time, I've come to feel that this is the right moment for me to step back. Serving as EF co-executive director let me see the bigger picture of how the Ethereum community collaborates. I'm proud of what we've accomplished, not only at the EF, but across the builders, researchers, educators, node operators, validators, users, and many other contributors who have helped build, maintain, secure, and use the infrastructure and applications on top of it. What I will remember most is the people behind the work. We come from different places, speak different languages, and build different things. But the purpose that brought so many of us here remains the same: building a world that no one can shut down, making systems more open, resilient, and more access to anyone, anywhere. Ethereum has always been bigger than any one role, any one organization, or any one moment. Its strength comes from those who keep building permissionless infrastructure across the ecosystem to unlock freedoms that didn't exist before. To everyone at the EF and across the Ethereum community who made this journey meaningful, memorable, and often unexpectedly fun: thank you. I'm grateful for the dedication, integrity, and care so many people have brought to this work. I'm still working out what comes next, though I expect to spend more time closer to home. I remain a proud member of this community, whether contributing from inside the EF or beyond it. What we've built was handed to us by those who came before, and it is ours to carry forward. I'm grateful to have been one runner among many, and I'll continue to cheer for what comes next. Thank you, all of you. Hsiao-Wei Wang

Ethereum made a bet in 2020: rollups would scale it. The bet worked technically. Dozens of L2s launched. Billions in TVL. Transaction throughput expanded by orders of magnitude. But something happened alongside the scaling that nobody planned for. The rollups that were supposed to extend Ethereum started pulling away from it. Sequencing value started flowing instead to private operators. Governance, which was supposed to mirror Ethereum's credible neutrality, became foundation-led and upgrade-key-dependent. The top L2s on L2beat carry "funds can be stolen" warnings. 99% of L2 economic activity chooses not to use Ethereum for sequencing. The relationship between Ethereum and its rollups is weakening. This is the problem. Not a technical problem. A structural one. Ethereum did not just fragment — it began to lose the economic ground it had already won. The conventional response is more interop. Better bridges. Cross-chain messaging protocols. These responses accept fragmentation as a given and try to patch over it. They don't answer the question underneath: what kind of thing is Ethereum becoming? If Ethereum is just a settlement layer that rollups happen to use, then the fragmentation is natural and the patching is all you can do. You build better bridges between separate islands. But if Ethereum is something else — if it can be the environment those rollups run in, not just the settlement layer they occasionally touch — then fragmentation isn't the problem to solve. It's the wrong frame entirely. Ethereum stops being a single chain. It becomes an economic operating system. An operating system doesn't compete with its applications. It governs the environment they run in. The applications are diverse, specialized, optimized for different things. The OS provides the common ground: the governance, the security model, the credible neutrality that makes everything built on it trustworthy. If Ethereum is an economic OS, then zones — each optimized differently — don't fragment it. They extend it. Nation-state compliance, security-first, low-latency, consortium coordination: individually useful, together transformative. The composability between them isn't bridged. It's native. Atomic. Settled by Ethereum in the same transaction. This is not a metaphor for convenience. It is a precise architectural design about what @etheconomiczone are and how they work.

Support for opensource, privacy, sovereignty and censorship resistance is something really nice to see in the ethereum ecosystem. But please listen to someone who has created a company and a product around those values, has kept it going for 8+ years and has paid the consequences of building something that adheres to these values. Learn from my mistakes. I fear the way you are advertising these values, you are not reaching anybody new. You are preaching to the choir. The way I see you bang the drum for these values is only going to appeal to the people who are already strong believers in them. I don't see anyone trying to think of how to bring new people in and introduce them to these concepts, explain why they are good and incentivize them to use them. Incentives rule everything around us. "I will build cool things on Ethereum, the blessed world computer, or die trying" does not bring in new people. It makes us sound like a cult. It's offputting. Instead I want to see successful apps on and around ethereum using the right CROPS values and still succeeding in bringing in new people, incentivizing users and monetizing successfully so we can have a sustainable ecosystem. I want to see us mentor new people towards achieving them and creating such companies. I want to see you all thrive while building opensource apps. Not struggle for 2-3 years, burn out and leave and then be replaced by new zealots for our cult. It pains me to see people burn out by listening to well intended but otherwise completely dangerous advice on how to build products. And yes that will mean some compromises on the way because in the end that's the real world. And you are building apps for other people not only for yourself in your ivory tower. I will help and assist everyone who wants to build opensource, sovereign apps, privacy apps, CROPS or whatever cool kids call them nowadays as long as they are actually solving real problems and trying to get new users in. I want to see ethereum win. And I will do anything I can to see this come to fruition.