Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

08/06/2026

Cboe seeks to preserve dormant crypto exchange as CFTC grants temporary relief

08/06/2026

0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One

08/06/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October

    08/06/2026

    Bitcoin is falling, bond yields are rising. Yet BTC’s implied volatility, an uncertainty gauge, remains low.

    08/06/2026

    Bitcoin price crashes as ETF outflows rise, Coinbase Premium Index slips

    08/06/2026

    $650M ETF outflows and macro FUD shake Bitcoin – Is BTC near capitulation?

    08/06/2026

    “Today Could Be the Day Ethereum Starts Outperforming Bitcoin”

    07/06/2026

    Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure

    07/06/2026

    Digital Asset Company Bitmine Continues to Buy Ethereum Despite Market Sellouts! Here’s the Latest Purchase Amount

    07/06/2026

    ShapeShift-Linked Whale Accumulates 6,688 ETH Worth $12.8 Million in Eight Hours

    07/06/2026

    SHIB Expands With 24,000 New Wallets While Whales Hold Firm

    08/06/2026

    Tether mints $5B in USDT on TRON in two-week surge

    08/06/2026

    Institutions Are In, CNBC Is Covering It and Price Will Follow

    08/06/2026

    Here’s why Ondo price rallied 13% today

    08/06/2026

    White hats rescue $500K in NFTs after Flooring exploit

    08/06/2026

    Yuga Labs recovers high-value NFTs in preemptive security operation after protocol flaw discovered

    08/06/2026

    NFT Market Cap Slides Near Record Lows as Ethereum Drop Erases Blue-Chip Gains

    07/06/2026

    Drip.Trade NFT Exchange on Hyperliquid to Shut Down June 15

    04/06/2026

    U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

    08/06/2026

    Cboe seeks to preserve dormant crypto exchange as CFTC grants temporary relief

    08/06/2026

    0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One

    08/06/2026

    Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October

    08/06/2026
  • Blockchain

    0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One

    08/06/2026

    JPMorgan and rivals back tokenized deposit network for 2027 launch

    08/06/2026

    Anome Protocol and 4AIBSC Partner to Scale AI-Powered Applications in Web3

    08/06/2026

    ChimpX Partners with Pundi X Labs for AI-Powered Web3 Payments

    08/06/2026

    RWA Sector Grows Quietly as Holders Rise Across Plume and Solana

    08/06/2026
  • DeFi

    A New Era in On-Chain Lending

    08/06/2026

    MetaMask launches AI agent wallet with built-in security for crypto trades

    08/06/2026

    Aave to Launch V4 Protocol on Circle’s Arc Blockchain, Signaling DeFi Infrastructure Shift

    07/06/2026

    Nvidia adds Suzanne Nora Johnson to board of directors

    07/06/2026

    $4M XRP Liquidity Rollover Marks Major Achievement for Flare

    06/06/2026
  • Metaverse

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026
  • Regulation

    Bank of Japan rate-hike pressure grows as oil shock puts Bitcoin at risk

    08/06/2026

    24 Finance Giants Push Deeper Into Crypto Across Regulated Markets

    08/06/2026

    Arthur Hayes says AI will wreck the middle class by US midterms election and send Bitcoin ‘parabolic’

    08/06/2026

    Key Events This Week Could Shake Bitcoin and Crypto Markets

    08/06/2026

    IREN Nvidia deal signals $3.4B AI pivot

    08/06/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Cboe seeks to preserve dormant crypto exchange as CFTC grants temporary relief

    08/06/2026

    Binance Dominates Pre-IPO Narrative as Social Volume Surges After Perpetual Futures Launch

    08/06/2026

    Coinbase to Launch SpaceX Pre-Market Perpetual Futures on June 4

    08/06/2026

    Korea Investment, Coinone, OKX, and Com2uS Form Major Digital Finance Alliance

    08/06/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Pi Network Expands Gaming Ecosystem as CiDi Games Launches Developer Center

    03/06/2026

    GMATRIXS Taps GamePad to Boost Web3 Gaming and DeFi Infrastructure

    02/06/2026

    GamePad Joins Mouse to Simplify On-Chain Transactions for Millions of Gamers

    31/05/2026

    Could Grand Theft VI be the first ‘crypto native’ video game in history? The internet weighs in

    27/05/2026

    Expert Flags Bitcoin’s First Hashrate Bear Market as Network Sheds 145 EH/s

    08/06/2026

    Hut 8 Prices $4.25B Notes to Build 352MW Texas AI Data Center

    07/06/2026

    Why Bitcoin miners are quietly becoming AI data centers

    07/06/2026

    Solo Bitcoin Miners Keep Pocketing Full Block Rewards in 2026: Here’s How

    05/06/2026

    U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

    08/06/2026

    Polymarket Considers KYC Amid Global Crackdown on Bets

    08/06/2026

    SEC Chair Paul Atkins Signals End to Crypto Crackdown Era

    08/06/2026

    What the CLARITY Act actually says: A reader’s guide

    08/06/2026

    U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

    08/06/2026

    Cboe seeks to preserve dormant crypto exchange as CFTC grants temporary relief

    08/06/2026

    0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One

    08/06/2026

    Michael Terpin Sees 50% Chance Bitcoin Bottom Between $48K and $57K This October

    08/06/2026
  • MarketCap
NBTC News
Home»Ethereum»Bizarre Ethereum Foundation anime letter blamed for mass resignations
Ethereum

Bizarre Ethereum Foundation anime letter blamed for mass resignations

NBTCBy NBTC20/05/2026No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Shortly before a wave of resignations by senior contributors, the Ethereum Foundation published a bizarre governance document.

Obviously influenced by Vitalik Buterin’s beloved $NFT collection Milady, whose floor price has declined 90% from its December 2024 peak, the illustrated “Mandate” PDF features lingerie-clad archers, a cartoon pledge carrying a penalty of death by suicide, and a headline on its front page, “HOPE SPRINGS ETERNAL IN THE HUMAN BREAST.”

The Ethereum Foundation Mandate document arrived on March 13, 2026. Its board signed it, crediting two artists for their artistic rendering of the text.

On the cover, an anime girl asks, “Ever dream this girl?” Random text bubbles assert, “My heart glitches for you” and “divinely guided and protected.”

A Milady e-girl on page 34 declares, “I can’t believe we all won forever.”

No departing contributor actually named the document as the reason for their exit, but the timing spoke loudly enough to draw widespread blame on social media.

All three Ethereum Foundation protocol leads have left within the past few months, and over half a dozen contributors announced resignations after Ethereum’s Mandate document.

EthereumDaily, with over 100,000 followers on X, blamed the 38-page Mandate for “intentionally shrinking” the workforce. “Forgot about the ‘sign or leave’ the new EF mandate. Seems to be the real reason behind departures?” wrote DefiIgnas.

Another fund manager blamed resignations on the document.

situation: all three ef protocol leads have left pic.twitter.com/Io0ijAAg2Z

— banteg (@banteg) May 19, 2026

‘May the foundation fall on its own sword’

Page 11 features an illustration of the infamous seppuku (also known as hara-kiri) suicide pledge. Its version reads, “May the Foundation fall on its own sword if it fails to uphold its solemn promise to Ethereum.”

The license shown inside that illustration is the Source Seppuku License, a satirical software license hosted on the Remilia wiki.

Remilia is the collective that created the Milady Maker $NFT collection. Buterin uses a Milady $NFT for his profile photo on X.

The second clause of this “license” requires the actor to take his or her own life with a sword upon failure to uphold any of the pledges in the license, or upon modification or removal of any part of the license.

According to Cryptopolitan and reblogged elsewhere, Ethereum Foundation staff were asked to sign off on the Mandate document or face termination. Protos was unable to verify whether the foundation publicly commented on that allegation.

Page 34, with its bikini-clad archer.

Milady, controversial to say the least

The Mandate’s visual vocabulary openly borrows from Milady, whose NFTs once traded above 7.3 ether ($ETH) in December 2024 yet now trade below 1.2 $ETH, an 84% decline in $ETH or 91% decline in USD.

Unfortunately, value destruction for holders hasn’t been Milady’s only failure.

Milady’s founder Charlotte Fang (real name Krishna Okhandiar) resigned as Milady Maker CEO in May 2022 after investigators exposed him as the operator of a 4chan-connected suicide cult account, Miya.

Archived essays attributed to the Miya account used antisemitic and anti-black racism.

Okhandiar, posting as Fang, later admitted to being Miya. Floor prices of Milady NFTs halved during his resignation.

Eight days before the Mandate dropped, someone asked Vitalik on X, “why milady? (linked to kaliacc, miya, suicide cult, seppuku license, online abuse).”

“Kaliacc” references Kali Yuga Accelerationism, the white-supremacist accelerationist movement that Fang’s Miya account propagated.

The Ethereum Foundation won’t disclose Vitalik Buterin’s voting power

Mass resignations from Ethereum Foundation

Tomasz Stańczak resigned as co-executive director in February 2026. He was less than a year into the role. The new mandate document followed in March.

Within weeks, more contributors stepped back from Ethereum Foundation roles: Josh Stark, Tim Beiko, Barnabé Monnot, and Trent van Epps, who departed to the Ethereum Protocol Guild.

Ethereum Foundation researchers Carl Beekhuizen and Julian Ma also resigned in mid-May. Alex Stokes started an open-ended “sabbatical.”


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

“Today Could Be the Day Ethereum Starts Outperforming Bitcoin”

07/06/2026

Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure

07/06/2026

Digital Asset Company Bitmine Continues to Buy Ethereum Despite Market Sellouts! Here’s the Latest Purchase Amount

07/06/2026

ShapeShift-Linked Whale Accumulates 6,688 ETH Worth $12.8 Million in Eight Hours

07/06/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

08/06/2026

Cboe seeks to preserve dormant crypto exchange as CFTC grants temporary relief

08/06/2026

0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One

08/06/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.