Stark's departure from the Ethereum Foundation is the most high-profile exit from the organization since its shakeup in the first quarter of 2025.

Mining companies are now split between those liquidating Bitcoin to cover operating expenses and those holding their BTC in reserve to fuel future growth.

The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.

Jane Street said it needs GPU-based computing power to keep its trading and research operations competitive amid growing adoption of AI.

The Massachusetts Democrat has been critical of private companies, including non-bank entities, issuing their own dollar-pegged stablecoins.