Aya Miyaguchi, the executive director of the Ethereum Foundation, has announced that she will be stepping down from her role after seven years to become the foundation's new president. This comes amid heavy criticism from the crypto community, with some calling for her resignation. Miyaguchi believes that the recent debates and criticisms have highlighted Ethereum's core strength of decentralization. Many anticipate that former Ethereum researcher and developer Danny Ryan will take over as executive director. In other news, Ethereum exchange-traded funds (ETFs) in the US experienced net outflows of $78 million on Monday, but whales have been buying the dip, with one entity "7 Siblings" buying over 12,000 ETH. Furthermore, Bybit exchange purchased over 36,893 ETH to repay loans after a recent hack. Ethereum has seen $305 million in futures liquidations in the past 24 hours, and its price has declined 18%. However, it has found support at the lower boundary of a descending channel. The market is watching for a potential recovery above $2,850 for ETH.



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