SoSo Daily Mar 2 | The Ethereum Foundation Appoints New Co-Executive Director, Danny Ryan Returns to Lead Etherealize

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 1, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.93 trillion US dollars, witnessing a decrease of 0.0721% compared to yesterday; the total trading volume is 91.92 billion US dollars, marking a decline of 57.4% from the previous day.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Counterfire Economic Coin (CEC). As of 23:50 today, its market cap is 3.60M, with a coin price of 0.035984 USD, witnessing a 24-hour increase of 254%.
The second is ZeroLend (ZERO). As of 23:50 today, its coin price is 0.00018900 USD, with a 24-hour increase of 150%.
The third is Dora Factory (DORA). As of 23:50 today, its coin price is 0.032860 USD, showing a 24-hour increase of 48.7%.
In fourth place is Forta (FORT). As of 23:50 today, its coin price is 0.11800 USD, with a 24-hour rise of 40.8%.
In fifth place is pSTAKE Finance (PSTAKE). As of 23:50 today, its coin price is 0.029410 USD, increasing by 39.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The Ethereum Foundation (EF) has announced the appointment of two new co-executive directors: long-time researcher Wang Xiaowei and Nethermind founder Tomasz Stanczak. Wang Xiaowei stated that the EF will continue to adhere to its core values, while Stanczak will officially take office on March 17. Additionally, former EF researcher Danny Ryan will return to the Ethereum ecosystem as a co-founder of Etherealize, a new "institutional marketing and product division." Ryan was the main coordinator for Ethereum's transition to proof-of-stake and received support from several Ethereum holders in an informal vote.
Next news:According to Wu, CZ posted on platform X, proposing an innovative token issuance mechanism. He suggested initially releasing 10% of the tokens for project development, with subsequent unlocks requiring: 6 months since the last unlock, the price must remain above double the previous level for 30 days prior to unlocking, a maximum of 5% can be unlocked each time, and it must be locked by a smart contract with third-party control of the keys. For example, if the Token Generation Event (TGE) price is $1, and the price does not reach $2 by June, then there will be no unlock; if the price exceeds $2 from July 4 to August 3, then 5% can be unlocked on August 3, and the next round will require the price to exceed $6 by March of the following year. CZ stated that this mechanism prevents new tokens from flooding the market at low prices, incentivizes the team to build long-term, and is merely a discussion idea with no plans for issuing new tokens.
Next news:

According to Wu, on February 28, an unknown victim was attacked by the North Korean hacker group Lazarus Group on Tron, resulting in a loss of approximately 3.10 million USD, with the funds having been transferred from Tron to Ethereum. The $ETH was split into ten addresses before being deposited into Tornado Cash.

Next news:

According to Wu, Elon Musk compared memecoins to a "casino" during his interview on the Joe Rogan podcast, warning investors not to put their life savings into such high-risk assets. He referred to the memecoin craze as a "greater fool theory," likening it to a game of musical chairs where the last person to join will inevitably lose. Musk mentioned that DogeCoin initially started as an experiment involving memes and a dog, but evolved into a cultural phenomenon. Although he previously supported it, this time his tone was cautious. Joe Rogan also described the memecoin craze as "crazy," pointing out its volatility.

Next news:Ethereum co-founder Vitalik Buterin called the potential life sentence facing Roger Ver "absurd."
Next news:

According to Wu, Ethereum founder Vitalik Buterin stated on the X platform that what Ethereum needs is a large number of young people who share the same cypherpunk vision. All the OGs are tired, and now it's the next generation's turn.

Next news:According to Lianhe Zaobao, Swiss National Bank President Martin Schlegel stated in an interview published in Tamedia on Saturday (March 1) that cryptocurrencies do not meet the standards required of good money; cryptocurrencies are extremely unstable, very difficult to manage, and monetary reserves must be highly liquid for quick use; cryptocurrencies are a "niche phenomenon" primarily used for speculation. Moreover, they are "essentially just software," which can lead to security issues.
Next news:

According to TechFlow, on March 1, Ethereum Foundation researcher Danny Ryan announced on the X platform that he has joined Etherealize as a co-founder to help with the development of Ethereum, with Vitalik Buterin expressing his welcome.

Last September, Danny Ryan announced his departure from the Ethereum Foundation, concluding his seven-year contribution to the Ethereum ecosystem. Ryan stated on GitHub that his departure was due to personal reasons and that he wanted to make room for new opportunities, emphasizing that this decision does not reflect any issues within Ethereum or the crypto industry.

It is reported that Ryan played a significant role in key upgrades to Ethereum, having served as the chief coordinator for the Ethereum The Merge upgrade and overseeing the launch of the Beacon Chain in 2021. Ryan was also actively involved in the progress updates of Ethereum Improvement Proposals.

Next news:

According to Foresight News, Michael Saylor, the founder of Strategy (formerly MicroStrategy), stated that the company achieved a Bitcoin revenue of $13.10 billion (140,538 $BTC) last year, and a Bitcoin revenue of $2.60 billion (30,702 $BTC) in the first two months of 2025.

According to Foresight News, Michael Saylor, the founder of Strategy (formerly MicroStrategy), stated that the company achieved a Bitcoin revenue of $13.10 billion (140,538 $BTC) last year, and a Bitcoin revenue of $2.60 billion (30,702 $BTC) in the first two months of 2025.

Next news:

According to Foresight News, monitored by Onchain Lens, a new address has withdrawn 1,000 $BTC from Binance, worth approximately 84.40 million USD.

According to Foresight News, monitored by Onchain Lens, a new address has withdrawn 1,000 $BTC from Binance, worth approximately 84.40 million USD.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.