🧬 Ethereum’s decentralization narrative is entering a new phase. clarified on X that authority is shared across the board, while is leading the foundation’s restructuring so he can focus on long-term protocol research and technical direction. 📉 The foundation also plans to reduce its on-chain footprint to roughly 0.16% of total ETH supply and scale back ETH sales moving forward. ⚙️ The shift strengthens Ethereum’s image as a permissionless layer-1 with less centralized influence, which could improve sentiment among developers and ecosystem participants who value governance neutrality. 🌐 At the same time, a smaller coordinating body may make protocol upgrades, ecosystem grants, and strategic alignment more fragmented as L1 competition continues heating up. 👥 The key question now is whether community-led coordination can maintain the same pace and efficiency the Ethereum Foundation historically provided. 👁️ Big picture: reducing centralized influence removes a major control point, but it also removes one of Ethereum’s strongest engines for rapid coordination and execution. ⚠️ Personal analysis only. Not financial advice. DYOR. #ICEBacksOKXOilPerps #RateHikeRepricing #VitalikOnEFSales