Ebunker

One of Asia’s largest node operators with $1.5B+ ETH staked.
A solid bunker built for Ethereum.

[Thomas Coratger @tcoratger]

Ethereum is preparing for a post-quantum future.

The transition away from BLS signatures starts with a dedicated Post-Quantum (PQ) Public Key Registry.

https://t.co/H1UUFfUZqk

Here is a deep dive into the design space, XMSS, and how Ethereum will secure its validators. 🧵👇

[Ebunker @ebunker_eth]

Full report: ⏬
https://t.co/9wjSblTSsS

[Ebunker @ebunker_eth]

🗓 Ethereum Staking Weekly | Jun 2, 2026

• 39.26M ETH staked → staking rate 32.53%
• Ebunker APR: 3.12% | penetration 1.15%
• Queue dynamics: entry queue ~55 days, exit queue ~1 day
• Effectiveness: Ebunker 99.30% (+1.11% vs avg 98.19%)

📰 News of the Week (Highlights)

• ERC-7943 reached its final stage, advancing a standardized framework for institutional RWAs on Ethereum.
• Vitalik defended EF’s neutrality and reaffirmed its long-term commitment to Ethereum’s core principles.
• EIP-8182 proposed native private ETH and ERC-20 transfers for the Hegota upgrade.
• BitMine purchased another 111.9K ETH, marking its largest acquisition of 2026 so far.
• New research highlighted staking as a key revenue driver for ETH treasury companies as ETF competition intensifies.
• Base activated its Azul upgrade on mainnet, improving decentralization and reducing withdrawal times.
• Arbitrum surpassed 10M stablecoin holders and became the largest USDT0 Layer 2 transfer route by volume.

[Ebunker @ebunker_eth]

Five years ago, paying tens or even hundreds of dollars for a transaction wasn’t unusual.

A lot has changed since then. And the roadmap is still moving forward.

[CoinGecko @coingecko]

Ethereum gas prices 5 years ago 🤯

[Ebunker @ebunker_eth]

ETH staking momentum continues.

[Token Terminal 📊 @tokenterminal]

STAKING: @ethereum's staking ratio reaches 32.4%, marking an all-time high.

A chart to follow 👇

[Ebunker @ebunker_eth]

Full report: ⏬
https://t.co/qWQLuAKCCy

[Ebunker @ebunker_eth]

🗓 Ethereum Staking Weekly | May 25, 2026

• 39.17M ETH staked → staking rate 32.45%
• Ebunker APR: 3.12% | penetration 1.15%
• Queue dynamics: entry queue ~59 days, exit queue ~8 days
• Effectiveness: Ebunker 99.30% (+0.55% vs avg 98.75%)

📰 News of the Week (Highlights)

• EIP-7928 updates finalized to improve gas edge cases and protocol behavior.
• EF restructuring continues as researcher departures rise and leadership shifts toward a smaller, more focused organization.
• Vitalik reaffirmed EF priorities around sustainability, reduced ETH sales, and Ethereum’s core values.
• Dankrad Feist proposed a new Ethereum-focused organization with stronger ecosystem alignment.
• ETH treasury strategies evolve as firms increasingly shift toward staking and tokenization rather than traditional treasury models.
• BitMine added another 71.7K ETH, continuing its path toward 5% of total ETH supply.
• Lido Labs is expanding beyond core staking, focusing on utility, yield, and ecosystem infrastructure for stETH.
• L2 infra: Arbitrum launched its Open House Buildathon, while recent reports strengthened the institutional infrastructure thesis around the OP Stack.

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[Ebunker @ebunker_eth]

@VitalikButerin @ethereumfndn @aerugoettinea Believe in somETHing

[terence @terencechain]

A quick post on how ePBS changes Ethereum scaling:
https://t.co/texbKsqMAb

[Ebunker @ebunker_eth]

As Ethereum evolves, more responsibility naturally becomes distributed across the network.

Long-term resilience comes from many builders, researchers, and operators moving it forward together.

[Ethereum Daily @ETH_Daily]

CT is asking why so many people have recently left the Ethereum Foundation. Is this a bad sign for Ethereum?

Absolutely not — it’s actually the opposite.

A lot of you may have missed or skimmed over one crucial line in the 38-page EF Mandate that came out in March 2026.

“Our goal is to reduce the Foundation’s relative influence over time.”

That one sentence explains everything. The Ethereum Foundation is intentionally shrinking — not because of any crisis, weakness, or failure, but because it’s part of a clear, long-planned strategy.

The end goal is simple: Ethereum must pass the “walkaway test.” The network should keep running, improving, and protecting itself even if the Foundation disappeared tomorrow. Only when the EF is no longer a central chokepoint can Ethereum become truly decentralized — just like Bitcoin.

Think about it. Whenever $ETH’s price drops, a lot of people immediately blame the Foundation. Many of you have probably wondered if Vitalik and the EF’s steady ETH sales are the main reason for the pressure, right?

As the Foundation’s influence fades step by step, Ethereum moves closer to its ideal form — a fully decentralized network with no single point of control. ETH will finally be seen as a true monetary asset on a credibly neutral platform, with no “throat to choke.” No more central target for criticism, regulation, or selling pressure.

This is not a weakness. This is Ethereum growing up.

[Ebunker @ebunker_eth]

Full report: ⏬
https://t.co/pqh5TSdnsJ

[Ebunker @ebunker_eth]

🗓 Ethereum Staking Weekly | May 18, 2026

• 38.87M ETH staked → staking rate 32.20%
• Ebunker APR: 3.20% | penetration 1.15%
• Queue dynamics: entry queue ~64 days, exit queue ~8 days
• Effectiveness: Ebunker 99.30% (+0.58% vs avg 98.72%)

📰 News of the Week (Highlights)

• EF leadership update: Ethereum Foundation appointed three new co-leads for the core Protocol team.
• Security & UX: EF introduced Clear Signing support to improve transaction transparency and user safety.
• Institutional adoption: JPMorgan is launching a tokenized money market fund on Ethereum under the GENIUS Act framework.
• Glamsterdam update: EF finalized a new gas limit floor and upgrade proposal targeting Q3 2026 activation.
• Treasury & staking flows: EF unstaked another ~$50M ETH, while BitMine added ~26.7K ETH and continues targeting 5% of total supply.
• L2 infra: Starknet launched strkBTC, enabling private Bitcoin transfers via zero-knowledge technology.

About Ebunker
One of Asia’s largest node operators with $1.5B+ in staked ETH — trusted by Lido, EtherFi, SSV, and leading institutions. A solid bunker built for Ethereum.

[Ebunker @ebunker_eth]

Ethereum was never just about tech.
It was always about building what comes next.

[MTS @MTSlive]

.@VitalikButerin on why a 1,000-year lifespan wouldn't get boring:

"Even if we lived to 1,000 years old, we're not gonna get bored. We're gonna keep creating new worlds for ourselves."

"Everything around us, the people, the world, changes so much over 10 years that it almost might as well be a death and a rebirth."

"15 years ago, it was normal for close friends to not talk to each other for days. Doesn't that sound crazy now?"

"In the first 20 years of your life you're a learner, a consumer. You're someone playing games that other people set up for you. One of the big transitions as you grow up is getting into more of a role of actually being the one that has to create and define and contribute to the games yourself."

@sodofi_ @binji_x

[Ebunker @ebunker_eth]

A solid overview of the long-term trends continuing to shape Ethereum, including staking growth and onchain financial activity.

[Sharplink @Sharplink]

The last few months have been volatile for the price of ETH. But in parallel, the structural indicators of long-term institutional adoption of Ethereum continued to build.

A look at the data. 🧵

[Ebunker @ebunker_eth]

Full report: ⏬
https://t.co/6iBpBGVSbj

[Ebunker @ebunker_eth]

🗓 Ethereum Staking Weekly | May 11, 2026
• 38.65M ETH staked → staking rate 32.02%
• Ebunker APR: 3.12% | penetration 1.15%
• Queue dynamics: entry queue ~64 days, exit queue ~15h
• Effectiveness: Ebunker 99.40% (+0.55% vs avg 98.85%)

📰 News of the Week (Highlights)
• Glamsterdam devnet testing advances with EIP-8061, while upgrade scope narrows after several CL adjustments.
• The Ethereum Foundation sold ~$47M ETH to BitMine within one week.
• BitMine expanded holdings past 5.1M ETH after another ~101K ETH purchase.
• “DeFi United” raised $300M for Kelp recovery, with Etherfi and Lido contributing ETH support.
• SSV introduced updated tokenomics with ETH-denominated fees and enhanced validator scaling mechanisms.
• L2 infra: Upbit launched an OP-supported Ethereum chain; Centrifuge partnered with Base for tokenized assets; Linea open-sourced its ZK stack under Linux Foundation governance.

[Ebunker @ebunker_eth]

More ETH staking incoming.

[Ebunker @ebunker_eth]

🔗 https://t.co/LGvuLlFMLH

[Ebunker @ebunker_eth]

Excited to see the stVaults Products Overview now live.

✨ Ebunker stVaults is officially listed as part of the new Lido V3 ecosystem. Non-custodial staking with isolated validator exposure and optional stETH liquidity.

[Lido @LidoFinance]

The stVaults Products Overview is live.

One hub to discover all new products built on stVaults - from public staking vaults to modular institutional solutions.

https://t.co/cazPh08vic

↓