The Ethereum Foundation released a new manifesto that reaffirmed its core cypherpunk principles, sparking divisions within the community. Critics, including former EF researcher Dankrad Feist and Kydo from Eigen Labs, argue that the manifesto reverses the recent business transformation led by former co-executive director Tomasz Stańczak, which focused on institutional adoption. They point out that Ethereum's price has risen 130% since the last bear market, significantly lower than Bitcoin's 348%, suggesting the foundation's priorities have become misaligned. Anoma co-founder Awa Sun Yin called the document "incoherent," implying the foundation has ignored industry realities.