ETCEthereum Classic

BitcoinWorld Wintermute Donates $200,000 to Ethereum Security Fund Tied to TheDAO Hack Proceeds Cryptocurrency market maker Wintermute has contributed $200,000 to a Quadratic Funding (QF) round dedicated to Ethereum security projects, the firm announced via X. The donation comes in the wake of Ethereum co-founder Vitalik Buterin’s recent statement that he intends to narrow the Ethereum Foundation’s (EF) core focus to four principles: Censorship Resistance, Open Source, Privacy, and Security — collectively referred to as CROPS. Quadratic Funding Round for Security Infrastructure The QF round, which concluded on May 12, marks the first initiative by TheDAO Security Fund. This fund was established using unclaimed Ether (ETH) from the 2016 TheDAO hack, a landmark event in Ethereum’s history that led to a contentious hard fork and the creation of Ethereum Classic. Wintermute, in its announcement, noted that while security infrastructure is utilized by nearly all participants in the Ethereum ecosystem, it remains a chronically underfunded area. The firm urged other industry players to join the effort to close this funding gap. Vitalik Buterin’s CROPS Vision and EF Restructuring Buterin’s renewed emphasis on CROPS represents a strategic recalibration for the Ethereum Foundation. The founder has indicated that the EF will more tightly align its resource allocation with these core values, potentially deprioritizing other initiatives. This shift has been met with mixed reactions from the community, with some praising the focus on foundational principles and others questioning the potential impact on broader ecosystem development. Wintermute’s donation aligns directly with the Security pillar of this new framework. Why This Matters for Ethereum Users and Developers Security funding is a critical but often overlooked component of blockchain infrastructure. Vulnerabilities in smart contracts, bridges, and layer-2 solutions can lead to significant financial losses, as seen in numerous high-profile exploits over the past year. By channeling funds through a Quadratic Funding mechanism, the initiative aims to democratize support for smaller, high-impact security projects that might otherwise be overlooked by traditional venture capital. For developers and users, this could mean more robust and resilient applications built on Ethereum. Conclusion Wintermute’s $200,000 donation to TheDAO Security Fund’s QF round represents a concrete step toward addressing a recognized funding gap in Ethereum security infrastructure. The initiative, born from the unclaimed assets of one of the network’s most defining events, now serves to protect its future. As the Ethereum Foundation refocuses under Buterin’s CROPS vision, contributions like this may set a precedent for how the broader industry supports the security layer that underpins its operations. FAQs Q1: What is the TheDAO Security Fund? The TheDAO Security Fund was established using unclaimed Ether from the 2016 TheDAO hack. It is designed to support security-related projects within the Ethereum ecosystem, and this Quadratic Funding round is its first public initiative. Q2: What is Quadratic Funding? Quadratic Funding (QF) is a mechanism that matches small donations from many individuals with a larger central pool of funds. It prioritizes projects that have broad community support, rather than those backed by a few large donors. Q3: What does CROPS stand for? CROPS is an acronym introduced by Vitalik Buterin representing the four core values he believes the Ethereum Foundation should prioritize: Censorship Resistance, Open Source, Privacy, and Security. This post Wintermute Donates $200,000 to Ethereum Security Fund Tied to TheDAO Hack Proceeds first appeared on BitcoinWorld .

This article was first published on TurkishNYR Over the past few years, blockchain has come to be regarded as one of the most transformative technologies out there, however, it is also exposing some very real national security risks. As governments start getting on board with blo...

Ethereum Classic breakout momentum strengthened this week after ETC moved above a long-term descending triangle pattern on the daily chart. Analyst Jonathan Carter said rising trading volume confirmed the move, signaling growing buyer participation across the crypto market. The b...

ETC is testing support levels within a downtrend at the $8.35 level, with RSI neutral and MACD giving bearish signals. Bitcoin's sideways movement is sustaining pressure on altcoins; critical level...

ETC in a sideways trend with short-term bearish signals; $8.4440 resistance is critical. Low volume and BTC correlation are increasing risks, $8.3975 support should be tested.

BitcoinWorld Covenant AI Exits Bittensor Ecosystem in Stunning Blow to Decentralized AI Governance In a significant development for the decentralized artificial intelligence sector, Covenant AI has announced its departure from the Bittensor (TAO) ecosystem, citing governance conc...

BitcoinWorld Upbit Halts POL Transactions: Critical Network Hard Fork Prompts Temporary Suspension SEOUL, South Korea – April 8, 2025 – The prominent South Korean cryptocurrency exchange Upbit has announced a temporary suspension of all deposit and withdrawal services for Polygon...

DeXe leads today’s crypto gainers with an 8% rise, joined by legacy assets like Zcash and ETC as evolving narratives and DeFi utility drive market volatility.

Bitcoin traded near $67,000 over the weekend as major altcoins stayed flat, while Pi Network’s PI token stabilized above $0.17 this weekend.