Key facts
- Ethereum Foundation co-executive director Hsiao-Wei Wang has stepped down.
- Capital B shareholders approved up to 105 billion euros ($120.4 billion) in financing capacity for Bitcoin purchases.
- Michelle Bond, wife of former FTX executive Ryan Salame, will face campaign finance charges.
- Judge George Daniels denied Bond's motion to dismiss the indictment.
The Ethereum Foundation is experiencing a continued exodus of leadership, with co-executive director Hsiao-Wei Wang announcing her immediate departure. This comes amid ongoing scrutiny of the organization and broader questions about Ethereum's governance and talent retention. Wang's departure follows that of another leader, Tomasz Stanczak, earlier this year. The foundation has seen an estimated 19 layoffs and departures in total this year.
In a separate development, shareholders of France-listed Bitcoin treasury company Capital B have approved authorizations allowing the company to raise up to 105 billion euros ($120.4 billion) to fund future Bitcoin purchases. The company aims to accelerate its Bitcoin accumulation strategy.
Meanwhile, in the U.S., Michelle Bond, the wife of imprisoned former FTX executive Ryan Salame, will face campaign finance charges. A Manhattan federal judge denied her motion to dismiss the indictment, which alleges Salame crafted a consulting agreement to pay Bond $400,000 to help fund her unsuccessful congressional run in 2022. The judge found that prosecutors had not promised Bond immunity at the time Salame entered his guilty plea.