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Foundation

Lee Pace Reveals the Secrets of His 'Foundation' Bod
Product Reviews

Lee Pace Reveals the Secrets of His ‘Foundation’ Bod

by admin September 13, 2025


Foundation season three has ended (we’re still reeling) and we are more than thrilled that a fourth season is on the way. Though Apple TV+’s Asimov adaptation has a lot of things to recommend about it—complex characters, dynamic worldbuilding, a plot that celebrates the wonders of math—you also can’t count out the Lee Pace factor.

The charismatic, cult-beloved actor has been a pivotal part of all three seasons. Though Foundation takes place across hundreds of years, the galaxy it’s set in is ruled by clones who are replaced over time. Pace plays the Cleon clone named Brother Day, and the iterations of him we’ve met across three seasons have been widely varied.

In season one, Cleon XIII underwent a grueling religious pilgrimage to prove he had a soul—and therefore cut off a would-be power grab from religious opponents. In season two, Cleon XVII toyed with the idea of ending the genetic dynasty, then escalated the conflict with Foundation and was undone by his own ego. Season three’s Cleon XXIV shirks his royal duties, preferring to hang with his lady friend and get high—at least until he discovers a more noble purpose.

That’s a too-brief summary of the various Brother Days Foundation has introduced over the years. But it’s important to note they all look like Lee Pace—and they’re forever popping up in various stages of undress.

In a new interview with GQ, Pace discussed the fitness routine he followed to be ready to leap out of Cleon’s robes at any moment.

“Every season I play a different character, and it’s very important to me to create physicality for the characters, to help tell that story, even though the idea is that they’re the same man cloned again and again,” he said. “I guess it’s important for me and my own sanity to know that none of us can actually be the same, that clones are impossible, that we are intrinsically individuals and unique from each other. So it’s important to me to make a very different body for these characters every season.”

Pace has worked with the same trainer for the duration of Foundation, he said, to help him embody each version of Cleon that he’s played. “In the first season, he was the strong emperor of the galaxy, eager to execute people. And in the second season, I guess I just went wild with this idea of his ego, that he actually believed he was the most important person in the galaxy.”

Season three, Pace said, was less about spending long hours in the gym. “It was important for me this season to think about the character as pretty relaxed—and you can still exercise in a relaxed way. I think that’s something that I very much appreciate because I don’t like feeling overly pressured. We also wanted to push a lot of weight with the character. We felt like there was a size to him that felt right.”

If you haven’t yet watched the season three finale, “The Darkness,” and you care about Foundation spoilers, stop here!

In the season three finale, Brother Day—who chose to have his royal self-healing nanites removed—is murdered by his older brother, Darkness, who then smashes all the tanks containing the backup Cleon clones.

Does that mean Pace won’t be back for Foundation season four? Demerzel, the robot who kept the Cleon conveyor belt moving, has herself been murdered by Darkness. And who knows how much of the equipment needed to clone human beings remains operational?

However, the youngest Cleon—Brother Dawn—is still alive and nearly of the right age to become Brother Day. (In Foundation’s suspension-of-disbelief dramatics, though Brother Dawn is played by Cassian Bilton, Brother Day always looks like Lee Pace.)

Also, the finale made sure to show us that the long-preserved body of Cleon the First is still hanging around. He’s the ruler who implemented the genetic dynasty generations ago, using his own DNA as a blueprint.

But the show’s trajectory toward the long-promised “fall of Empire” suggests that we’ve reached the end of the clone era, even if creating more Cleons could somehow be possible. A lot will depend on where season four picks back up with the story, though given how we left things, it seems likely there won’t be another 150-year gap.

All this is to say that we love Lee Pace and we hope Foundation finds a sci-fi way to keep him on the show. You can watch all three seasons of Foundation on Apple TV+ now.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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September 13, 2025 0 comments
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Lee Pace Has Big Hopes for the Fourth Season of ‘Foundation’
Product Reviews

Lee Pace Has Big Hopes for the Fourth Season of ‘Foundation’

by admin September 13, 2025


You haven’t seen the last episode, have you?

No.

I didn’t give anything away just now, did I?

No, no, you were tending in the directions I think had been set up. I’m even more eager to see it now. I do have an acting question: How do you and your fellow actors play the same person who is not the same person?

In the very first season, we created this idea that they sit around dinner and they have the same movements—that that’s a cultural thing among these three people. We had these technical ways of making their shared consciousness visual and actable in. We just practiced it. We came up with this little dance that we would do with those dinner table scenes. In the second season, we did something different with it. We created this idea of one who’s not going to follow the rules, who’s just going to do it differently, whether the other brothers like it or not.

Oh, interesting.

I love working with Terry [Mann, who plays Brother Dusk] and Cassian [Bilton, who plays Brother Dawn] and Laura. It’s such a unique concept that [writer and producer David S. Goyer] had with these cloned emperors that are all living together as family, and there are lots of different ways to look at it. I think it’s a completely original idea, and in line with the questions that Asimov asks in Foundation and his other work.

Lee Pace with (hopefully fake) bloody knuckles and a red iPhone on the set of Foundation.

Courtesy of Lee Pace

Lee Pace working on Foundation.

Courtesy of Lee Pace

I completely agree that it’s a genuinely original idea. There’s always a new way to play basic blues, but this is a really new idea that I can’t think of an antecedent for. Maybe there is one.

It’s about time, too. It’s about time. You can do this thing with time and generations, and that’s what I feel like now we’ve done in season three. We’ve now covered 300 years, and we look back even further.

Much like Asimov did.

He worked on this story over so many different decades, writing the Foundation books, writing them with collaborators and finding ways to tie in other short stories and storylines that he had written in other books and series, and expanding this world of Foundation.

Yes, but I would also imagine that much source material can be overwhelming.

I really love how on this show we have not treated the making of the series like fan fiction, where we would be like, OK, now we do the scene where this happens and now we do the scene where this happens and this happens and this happens. But we let the hugeness of the story that Isaac Asimov left us be on the table, and we can explore the plotlines that he wrote, plotlines that are referred to, plotlines that happen offstage, the plotlines that he discovered later in writing and realizing about the story.

Right, it stays true to the shape of Asimov’s ideas without being beholden to them.

As a science fiction fan myself, I feel like that’s like a good opportunity taken when we could bring it to screen, to use and be inspired by everything we have in front of us with what he has achieved in writing Foundation and then tying in all of these other different stories and plotlines that he had created throughout. I mean, he’s just an incredibly prolific writer.



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September 13, 2025 0 comments
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Previsioni Ethereum: La Ethereum Foundation Conferma la Vendita di 10.000 ETH
NFT Gaming

Previsioni Ethereum: La Ethereum Foundation Conferma la Vendita di 10.000 ETH

by admin September 5, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

La Ethereum Foundation ha confermato i piani di convertire 10.000 ETH, pari a circa 43 milioni di dollari, in valuta fiat nel corso di questo mese. La notizia, annunciata dall’account ufficiale della Foundation sulla piattaforma social X, arriva a meno di due settimane dal nuovo massimo storico di Ethereum, raggiunto il 24 agosto a $4.946.
Da quel picco, Ethereum ha perso arrivando al momento della stesura dell’articolo la prezzo di 4.468 dollari. La vendita sta sollevando interrogativi sul fatto che l’all-time high di agosto possa essere stato il top di questo ciclo.

Ethereum Foundation conferma la vendita di 10.000 ETH

Secondo l’annuncio, la Ethereum Foundation prevede di convertire 10.000 ETH in fiat attraverso exchange centralizzati nel corso di diverse settimane di questo mese.
Al prezzo attuale di Ethereum, ciò significa che la Foundation intende vendere ETH per un valore di circa $43,85 milioni.

0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations.

Conversions will take place over multiple smaller orders, rather than as a single large transaction.

— Ethereum Foundation (@ethereumfndn) September 2, 2025

Secondo la Foundation, i proventi saranno utilizzati per ricerca e sviluppo, sovvenzioni alla community e donazioni, in linea con la politica di gestione del tesoro. Tuttavia, per ridurre le perturbazioni di prezzo sugli exchange e allo stesso tempo soddisfare le necessità di finanziamento, le vendite saranno distribuite in ordini più piccoli.

Questo approccio segue la politica di tesoreria introdotta a giugno 2025, che ha fissato un limite di spesa annuale al 15% e ha stabilito un buffer di riserva in fiat pluriennale. La Foundation ha effettuato diverse vendite nel corso di quest’anno secondo lo stesso schema, tra cui una vendita da $25 milioni a luglio e un’altra da $12,7 milioni. Da notare che nel primo trimestre del 2025, la Foundation ha anche distribuito oltre $32 milioni in grant.

Dopo la vendita attualmente pianificata, la Foundation deterrà ancora più di 189.000 ETH, 21.000 AETHWETH e 214 WETH, per un valore complessivo di $922 milioni, secondo dati di Arkham Intelligence. Ciò significa che, sebbene la conversione sia significativa, rappresenta solo una parte delle riserve totali di Ethereum della Foundation.

Ethereum ha raggiunto il top di questo ciclo?

Il tempismo della vendita coincide con il calo del prezzo di Ethereum, passato dal massimo storico di $4.946 alla fascia di $4.300.
Dopo l’annuncio della Foundation, il prezzo di Ethereum è sceso di circa 1%, e questa vendita potrebbe contribuire alla pressione di vendita. Il picco più recente potrebbe quindi rappresentare il massimo di questo ciclo.

È importante notare che vendite simili da parte della Ethereum Foundation sono avvenute anche durante trend rialzisti passati. Ad esempio, la vendita più grande della Foundation è stata di 100.000 ETH nel dicembre 2020, seguita da un rally che ha portato il prezzo di ETH a nuovi massimi storici nel 2021.

Se il picco di agosto rappresenterà il top del ciclo o solo un passo verso ulteriori massimi, dipenderà da come il prezzo di Ethereum reagirà a questa vendita nelle prossime settimane.

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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September 5, 2025 0 comments
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Ethereum
GameFi Guides

Ethereum Foundation Is Dumping ETH Again, Is This The Top?

by admin September 4, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum Foundation has confirmed plans to convert 10,000 ETH, worth around $43 million, into fiat over the course of this month. The move, which was announced by the Ethereum Foundation’s official account on the social media platform X, comes less than two weeks after Ethereum set a new all-time high of $4,946 on August 24. Since reaching that peak, Ethereum has fallen by 11.6%, and the sale raises the question of whether the August high was the top for this cycle.

Ethereum Foundation Confirms 10,000 ETH Sale

According to the announcement, the Ethereum Foundation noted that it plans to convert 10,000 ETH into fiat through centralized exchanges over the course of several weeks this month. Based on the current price of Ethereum, the announcement means that the Ethereum Foundation is planning to dump $43.85 million worth of ETH this month. 

According to the Foundation, the proceeds will be used to fund research and development, community grants, and donations which are in line with its treasury management policy. However, the plan is to reduce price disruptions on exchanges while meeting its funding needs by spreading the sales across smaller orders.

This approach follows the treasury policy introduced in June 2025, which set limits on annual spending at 15% and established a multi-year fiat reserve buffer. The Ethereum Foundation has carried out several sales this year under the same framework. These include a $25 million sale in July and another sale worth $12.7 million. Notably, the Foundation also distributed over $32 million in grants during the first quarter of 2025.

Following the current planned sale, the Foundation will still hold more than 189,000 ETH, 21,000 AETHWETH, and 214 WETH, worth $922 million, according to data from Arkham Intelligence. This means that while the latest conversion is substantial, it represents only a portion of its total Ethereum reserves.

Has Ethereum Reached Its Cycle Top?

The timing of the sale coincides with Ethereum’s current price pullback from its all-time high of $4,946 to the $4,300 range. Following the announcement by the Ethereum Foundation, the price of Ethereum dropped by about 1%, and this selloff might contribute to selling pressure, and the most recent peak could represent this cycle’s highest point.

At the time of writing, Ethereum is trading at $4,386, and has recovered with an increase of 1.5% in the past 24 hours. Nonetheless, the leading altcoin is trading at a decline of 11.6% from its all-time high.

However, it is important to note that similar sell-offs by the Ethereum Foundation have occurred in past uptrends. For instance, the biggest sale of the Ethereum Foundation was a 100,000 ETH selloff in December 2020, but this was followed by a rally that drove the ETH price to all-time highs in 2021.

Whether the August peak becomes the cycle’s peak or a stepping stone to more peaks will depend on how Ethereum’s price responds to the sale in the coming weeks.

ETH trading at $4,379 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 4, 2025 0 comments
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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
NFT Gaming

Ethereum Foundation dumps 10K ETH as price struggles at $4,300

by admin September 3, 2025



The Ethereum Foundation is once again preparing to part with a portion of its holdings. A planned sale of 10,000 ETH this month has drawn attention from across the crypto community, given its size and timing.

Summary

  • The Ethereum Foundation will sell 10,000 ETH this month.
  • Proceeds from the sale will be used for research, development, community grants, and charitable donations.
  • The sale is part of the Foundation’s structured treasury framework, which includes annual spending limits and quarterly ETH-to-fiat conversions.
  • Large sales by the Foundation, especially during price weakness, have historically drawn community scrutiny.

The Ethereum Foundation announced on X on September 2 that it will sell 10,000 ETH (ETH) this month, worth about $43 million at current prices. In the post, the Foundation said the proceeds will be used for research and development, community grants, and charitable donations, adding that the sale will take place over the coming weeks through centralized exchanges.

The sale is part of a treasury framework the Foundation introduced in June to guide how it manages its reserves. The policy sets annual spending limits and requires the Foundation to keep a multi-year buffer of funds.

It also outlines that ETH will be converted into fiat in scheduled tranches every three months, helping the organization plan its finances more predictably while still supporting ecosystem growth.

The planned dump on a broader trend of ETH sales already seen this year, including a 10,000 ETH over-the-counter transaction with SharpLink Gaming in July. Large-scale sales like these, particularly amid price weakness, have often drawn community scrutiny and debate over timing and market impact.

Amid ETH’s current struggles near $4,300, these concerns have resurfaced. However, the Foundation made it clear that the sales will be executed in multiple smaller trades to reduce market impact and avoid exerting downward pressure on ETH prices. 

ETH price struggles amid pullback

ETH is down about 1.4 % today, trading near $4,316 at press time. This extends its week-long downward trend, bringing its decline over the past seven days to 6.2% according to price data from crypto.news. 

Despite recent weakness, overall momentum remains strong. ETH is still up over 22% on the month, partly driven by a late-August rally that saw it touch fresh price highs above $4,900 after several months of underperformance.

Institutional demand for ETH remains strong, with firms like BitMine Immersion and SharpLink Gaming steadily accumulating billions of dollars’ worth of Ether week after week.

At the same time, Ethereum whales are scooping up on the dip. On-chain data from Santiment shows 260,000 ETH was accumulated in just 24 hours by addresses holding between 10,000 and 100,000 ETH, signaling continued confidence in ETH’s long-term prospects.

These trends suggest that the planned 10,000 ETH sale by the Foundation may not significantly affect prices. If institutional and whale buying persists, ETH could be positioned for a potential recovery.



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September 3, 2025 0 comments
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SEC Chairman Paul Atkins (Jesse Hamilton/CoinDesk)
NFT Gaming

Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal

by admin September 2, 2025



The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.

According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.

“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.

0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations.

Conversions will take place over multiple smaller orders, rather than as a single large transaction.

— Ethereum Foundation (@ethereumfndn) September 2, 2025

The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.

The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.

Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.

ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.

Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap





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September 2, 2025 0 comments
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Ethereum gaming network XAI sues Elon Musk's AI company
NFT Gaming

Ethereum Foundation pauses Ecosystem Support Program’s open grant applications

by admin September 1, 2025



The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter.

Summary

  • Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model.
  • The Ecosystem Support Program awarded over $13 million to 105 projects in 2024.

The Ethereum Foundation, a key player in the Ethereum (ETH) blockchain ecosystem, is taking a new approach in the support for builders. 

On Aug. 29, the EF announced that the Ethereum Support Program, which launched as a grants program in 2018 and aimed at offering grants to projects helping to advance Ethereum’s growth, is taking a new direction.

The move follows a recent overhaul of the foundation’s vision and approach to ecosystem development.

EF is looking at a structure aimed at streamlining processes and enhancing efficiency, hence a more proactive funding model for builders, according to the update. Latest changes follow the foundation’s shake up of its structure in June 2025, including cutting of the core team amid broader reorganization.

Funding Ethereum’s builders

Evolving the funding model aligns with Ethereum’s growth, which currently sees over $91 billion in total value locked in decentralized finance and more than $148 billion in stablecoin market cap. Scaling this network amid developer activity aimed at accelerating adoption necessitates that the funding approach mirrors the traction.

“As part of this transition, we have temporarily paused open grant applications. This change will enable us time to redesign in a way that redirects our focus toward strategic initiatives, moving from a reactive model to a more proactive one that also supports the priorities of other EF teams,” the Ecosystem Program Support team wrote.

In 2024, the grants program saw nearly $3 million in funding awarded to 105 projects, including across developer tooling, data and analytics, research and education. Specific projects that benefited included Commit-Boost, BundleBear, Web3Bridge and Ethereum Cypherpunk Congress.

Although open grant applications are temporarily paused, the Ethereum Foundation through the ESP team plans to continue support for all active grant beneficiaries. The team will also share more details for the new model and refined priorities  in the fourth quarter of 2025.



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September 1, 2025 0 comments
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4,600,000 Burned ETH Coming Back? Ethereum Community Foundation Announces BETH
Crypto Trends

4,600,000 Burned ETH Coming Back? Ethereum Community Foundation Announces BETH

by admin August 31, 2025


  • Details on new token
  • Why it’s questionable

The Ethereum community is agitated by a startling announcement: The Ethereum Community Foundation, which is not the same as the official Ethereum Foundation, has announced the release of BETH, a new token that will be used to represent ETH that has already been burned.

Details on new token

As stated by the group, BETH is a proof-of-burn token, meaning that each unit represents an equivalent quantity of ETH that has been verified to have been taken out of circulation, in accordance with EIP-1559 and other burn mechanisms. Accordingly, the 40.6 million ETH that have been burned since the London upgrade could now be reissued as BETH.

Ethereum Community Foundation announced the tokenization of burned ETH as BETH, creating a new proof-of-burn token. Each BETH represents ETH verified as removed from circulation, enabling transparent and auditable burn records. Ethereum co-founder and ConsenSys CEO Joseph Lubin…

— Wu Blockchain (@WuBlockchain) August 31, 2025

The goal is to offer a new class of tokens that recognizes the destruction of supply, while simultaneously producing an open, auditable ledger of burned coins. Although specifics are still unknown, the announcement also alluded to the launch of related tokens BBETH and BBBETH. ETH burning will become a highly profitable activity, according to Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys, and BETH is a crucial step in formalizing that process.

Why it’s questionable

Although the idea has created excitement, there are also important concerns. The very idea behind burning coins, to permanently reduce supply, is undermined when they are tokenized. The narrative of ETH scarcity may wane if the community starts to view BETH as a complementary asset with speculative potential.

Furthermore, BETH’s value does not increase simply because it is associated with burned ETH. BETH is not inherently involved in Ethereum’s consensus staking or gas fee structure in contrast to ETH itself. It’s basically a derivative product with unknown long-term utility.

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Ethereum Community Foundation is not the Ethereum Foundation, as stated in the announcement. Because it could affect BETH’s acceptance and legitimacy, this distinction is crucial. Without well-defined governance, practicality and consumer demand, BETH runs the risk of becoming more of an oddity than a game-changing invention.

Although tokenizing burned assets can bring transparency, it also raises paradoxes: Does representing destroyed value add value or simply lessen the act of burning itself? Until these issues are resolved, BETH should be used cautiously.





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August 31, 2025 0 comments
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Five-year ETH-USD chart on Coinbase showing a decisive break above the Nov. 2021 all-time high into price discovery
NFT Gaming

Ethereum Foundation Targets Interoperability as Top UX Priority

by admin August 30, 2025



The Ethereum Foundation shared a new blog post on Friday detailing a major initiative aimed at breaking down the barriers between Ethereum’s growing constellation of Layer-2 networks.

The initiative marks a strategic pivot: after years spent scaling throughput and lowering costs, the protocol team is now zeroing in on interoperability as the key to user experience.

“We see interoperability, and related projects presented in this note, as the highest leverage opportunity within the broader UX domain over the next 6-12 months, in our position as a public, core Ethereum R&D group,” the team wrote in the blog post.

At its core, the update zeroes in on three goals: interoperability, speed, and finality. The most immediate push comes from the Improve UX roadmap, which builds on earlier work to scale Ethereum’s base layer and its data availability solutions. Now, developers are turning their attention toward making the network feel faster, simpler, and more unified—especially across the sprawling landscape of Layer-2 rollups.

The heart of the effort lies in the planned Ethereum Interoperability Layer (EIL), a trustless, censorship-resistant messaging system designed to make cross-chain interactions “feel like single-chain execution,” according to the foundation. A public design document is slated for release in October, setting the stage for a standard approach to bridging assets and data across rollups.

Complementing EIL is the Open Intents Framework, a shared infrastructure for “intents,” a feature where a user-declared goals like moving funds or trading assets, can abstract away the fragmented tooling that forces developers to stitch together custom bridges and relayers. The framework was first introduced by ecosystem developers in February 2025 and gained popularity among some of the most well-known Ethereum projects. The goal: a unified UX across chains where users don’t need to care which network they’re on.

At the same time, Standards work is moving in tandem, with proposals such as ERC-7828 and ERC-7683 aimed at harmonizing wallet behavior and transaction flows across rollups. Together, these efforts point toward an Ethereum where applications can span multiple chains without sacrificing security or composability.

Speed improvements are also on the roadmap, with a Fast L1 Confirmation Rule expected by early 2026 to bring Ethereum confirmation times down to 15–30 seconds. Faster Layer-2 settlement and research into halving block times from 12 seconds to six could further reduce latency for cross-chain interactions.

The implications of these improvements are significant not just for rolllups but also for applications and DeFi. If developers succeed in making rollups feel like one network, liquidity and capital efficiency could surge, unlocking new kinds of products without the friction and risk of today’s bridging solutions.

Read more: Ethereum Developers Release New Initiative to Simplify Cross-Chain Transactions



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August 30, 2025 0 comments
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Cardano news
NFT Gaming

Cardano Foundation Fires Back After Hoskinson’s Criticism

by admin August 27, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Cardano Foundation has issued a public clarification of its remit and recent decisions, answering a wave of community questions that followed Charles Hoskinson’s latest broadside against the organization. In a new forum post published on August 26, the Foundation outlines what it says are its day-to-day responsibilities for the network’s plumbing, its governance posture as a decentralized representative, and the legal provenance of its board—without naming Hoskinson or directly addressing his specific accusations.

Cardano Foundation Takes A Stand

At the heart of the Foundation’s message is the claim that its most consequential work is largely invisible to end users but foundational to exchanges and custodians. “The Cardano Foundation plays a critical ongoing role in the maintenance of key components used by exchanges and custody providers,” the post states.

The Cardano Foundation refers to services such as GraphQL (originally built by IOG on top of DB-Sync), a high-performance Java implementation of Rosetta backed by Yaci Store, the reference cardano-wallet, and the Token Registry and its API, which now supports both CIP-26 and CIP-68 metadata and has been embedded into GraphQL “for performance improvements.”

The Foundation adds that it “hosts a Token Registry API accessible to the public,” and says its Core Integrations, Engineering, and Exchange Relationships teams have worked with market venues “since 2021” to reduce friction and cost for ADA and native-token onboarding.

On the flashpoint of who should pay for new listings and token integrations, the Foundation says it will not fund bespoke Cardano Native Token integrations because doing so would “pick winners”—and, by extension, “losers”—across the ecosystem. That, the organization argues, exceeds its mandate and would distort a “diverse and complex ecosystem.”

The statement also underscores the Foundation’s role in on-chain governance since the launch of constitutional governance this year. It identifies itself as both an Intersect Constitutional Committee (ICC) member and a DRep, claiming a live stake “of nearly ₳233 million” across “331 delegators.” Acknowledging concerns about concentration, it says that “₳140 million” from its genesis ADA has been delegated to seven community-builder and developer DReps.

It points to educational resources, a DRep voting tool, governance flowcharts, and co-coordination of hard-fork processes as evidence of practical support aimed at “enabling the community to engage easily and meaningfully in on-chain decision making.”

Perhaps most notably, the Foundation revisits the 2021 overhaul of its board—a recurring theme in Hoskinson’s critiques. According to the post, after a “somewhat dysfunctional” period, Switzerland’s foundation supervisor fulfilled its statutory duty by bringing in an external law firm in January 2021 “to guide the Cardano Foundation into calmer waters.”

A head-hunting firm interviewed outgoing board members and IOG leadership, after which the new board president was elected unanimously, “including by the IOG board representative,” followed by two additional unanimous appointments (with one abstention) and the outgoing board’s voluntary group resignation; a fourth member was later appointed. The Foundation says it remains committed to “adoption, education and operational resilience” delivered “in an accountable and transparent manner.”

The Backstory

The timing is no accident. On August 22, Hoskinson used a surprise AMA to escalate his long-simmering dispute with the Foundation, centering on Midnight’s NIGHT token distribution and the Foundation’s claimed entitlement. Defending the decision to ring-fence the airdrop, he said, “We built it. It’s my money. We can do whatever the hell we want to do,” framing the restriction as a risk-control measure consistent with the airdrop’s terms and its intent to avoid “undue burden and harm to the network.”

In the same breath, he accused the Foundation of squandering opportunities and failing to support the ecosystem effectively. Notably, the clash has deeper roots. Late last year, Hoskinson urged relocating the Foundation away from Switzerland to a jurisdiction that would enable community election of board members, arguing that the Swiss supervisory framework—while lawful—constrains accountability to token holders.

He has also alleged heavy-handed intervention by the Foundation in constitutional drafting and broader governance, claims the Foundation has periodically rebutted with process narratives and disclosures. If the Foundation intended to calm the waters, early forum replies show the community pressing for more.

One user asked whether board elections could change current members and whether “the Swiss still have authority.” Another called for a roadmap toward community-driven board elections, arguing that the current composition “does not represent the community or its ambitions” and urging the dissolution and re-election of the board.

At press time, ADA traded at $0.86.

ADA remains above the red zone, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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