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Ethereum’s Buterin Criticizes Pump.Fun for Bad Social Philosophy

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Ethereum co-founder Vitalik Buterin believes that the direction of blockchain applications often mirrors the intentions and ethics of their creators. He cites that projects like Pump.fun are derived from bad social philosophy.

In a recent discussion, he highlighted how the impact—positive or negative—of crypto projects is shaped by the values driving their development.

Buterin Says Pump.fun and Terra Reflect What Not to Build in Crypto

Buterin praised a handful of decentralized applications that align with Ethereum’s long-term vision. These include Railgun, Farcaster, Polymarket, and the messaging app Signal.

On the flip side, he criticized platforms such as Pump.fun, Terra/Luna, and the collapsed FTX exchange, describing them as harmful examples of what not to build.

“The differences in what the app does stem from differences in beliefs in developers’ heads about what they are here to accomplish,” Buterin explained.

Railgun stood out as a key example. While it offers privacy features similar to Tornado Cash, it goes a step further by implementing Privacy Pools.

This system—co-developed by Buterin—allows users to stay anonymous while still proving their funds haven’t come from illicit sources.

Other projects Buterin praised include Farcaster, a decentralized social network protocol, and Polymarket, a crypto-based prediction platform.

Vitalik Buterin Talking about pump.fun
Vitalik Buterin Talking about Social Philosophy in Crypto. Source: Warpcast

In the past, he noted that tools like Polymarket could move beyond betting on elections and serve as useful mechanisms for improving decision-making in governance, media, and even scientific research.

Meanwhile, projects like Pump.fun—designed for launching memecoins on Solana—received harsh criticism.

Previously, the Ethereum co-founder had warned about schemes that prioritize hype over substance, such as Terra/Luna and FTX. He has also consistently urged the crypto space, especially DeFi, to build with ethical intent and long-term utility in mind.

How Developer Ethics Shape Blockchain’s Future

To explain his views on Ethereum’s unique development path, Buterin compared it to C++, a general-purpose programming language.

Unlike C++, Ethereum is only partially general-purpose. Many of its core innovations, like account abstraction or the shift to proof-of-stake, rely heavily on developers’ commitment to Ethereum’s broader mission.

“Ethereum L1 is not quite in that position: someone who doesn’t believe in decentralization would not add light clients, or FOCIL, or (good forms of) account abstraction; someone who doesn’t mind energy waste would not spend half a decade moving to PoS… But the EVM opcodes might have been roughly the same either way. So Ethereum is perhaps 50% general-purpose,” Buterin said.

Buterin furthered that Ethereum apps are around 80% special-purpose. Because of this, the ethical framework and goals of the people building them play a critical role in shaping what the network becomes.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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CoinGecko Conduct Survey on AI and Proof of Personhood

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CoinGecko conducted a recent survey on AI user opinions, particularly centered around Proof of Personhood (PoP). The overwhelming majority of users want to distinguish humans from AI and are open to adopting PoP.

Proof of Personhood (PoP) is a mechanism designed to verify that a user is a unique human being—not a bot, not an AI, and not a duplicate identity. Many users feel it’s increasingly critical as generative AI and autonomous agents proliferate across digital platforms.

Is Personhood the Next Big Trend in AI?

AI projects have seen declining popularity over the past months, largely due to macroeconomic factors and other narratives dominating the Web3 space. Yet, AI agent development remains strong.

AI agents are now highly integrated into crypto Twitter and social media. They are driving conversations, changing narratives, and even creating dialog. So, the concept of personhood has become a critical discussion among the crypto community.

Most recently, CoinGecko conducted a survey on AI-related opinions and identifying personhood.

Survey on AI Opinions
Survey on AI Opinions. Source: CoinGecko

CoinGecko’s data shows that most AI users firmly believe that it’s important to know if they’re interacting with a human. Nearly half of respondents think this task is “very important,” and 92% think it’s at least somewhat important.

This can help explain why Proof of Personhood (PoP), a concept pioneered by Sam Altman’s Worldcoin, has remained an enduring idea in the AI space.

What’s the problem, then? Although this survey shows that AI users want to identify personhood, that doesn’t mean that everyone is willing to adopt PoP methods as currently devised or understood.

Nearly half of users were willing or somewhat willing to try them, but it was a far smaller margin than the other question.

Survey on Proof of Personhood
Survey on Proof of Personhood. Source: CoinGecko

Furthermore, the survey determined that only 30.3% of respondents believe that it’s very important to distinguish humans from AI and are also willing to adopt Proof of Personhood methods.

On the other hand, 18.3% thought identifying humans was important but were neutral or actively opposed to PoP.

The survey did not apparently describe specific PoP protocols from any one project. PoP generally involves using non-traditional forms of verification, such as biometric data, social media profiles, or other methods that are difficult to fake or replicate, but there isn’t a single industry standard yet.

Considering that another CoinGecko survey identified declining interest in AI investment, this polling discrepancy could present a problem. AI users are mostly unified as to what the issue is, but the proposed solutions are much more controversial.

A heavy-handed approach to the personhood question could turn users away from AI. This is far from ideal in the current market.

Still, it’s important not to overstate the level of controversy. Although less than half of AI users want to adopt Proof of Personhood, the pool of hostile respondents was comparatively small.

There’s a substantial number of ambivalent people, and they may respond well to new protocols, marketing campaigns, or other incentives.

Overall, it’s evident that PoP is becoming a key discussion point in the Web3 community. As autonomous agents gain influence, PoP might serve as a firewall between digital manipulation and genuine participation.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Price Eyes Bullish Continuation—Is $90K Within Reach?

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Bitcoin price started a fresh increase above the $83,500 zone. BTC is now consolidating gains and might attempt to clear the $85,500 resistance.

  • Bitcoin started a fresh increase above the $83,500 zone.
  • The price is trading above $83,000 and the 100 hourly Simple moving average.
  • There is a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it clears the $85,500 zone.

Bitcoin Price Eyes More Gains

Bitcoin price started a fresh increase above the $82,500 zone. BTC formed a base and gained pace for a move above the $83,000 and $83,500 resistance levels.

The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,000 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high.

However, the bulls were active near the $83,000 zone and the price recovered losses. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Source: BTCUSD on TradingView.com

On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $85,500 level. The next key resistance could be $86,200. A close above the $86,200 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $88,000 level.

Another Rejection In BTC?

If Bitcoin fails to rise above the $85,500 resistance zone, it could start another decline. Immediate support on the downside is near the $84,200 level and the trend line. The first major support is near the $83,200 level.

The next support is now near the $82,200 zone and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $84,200, followed by $83,500.

Major Resistance Levels – $85,500 and $85,850.



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$7 Million Hack Hits Binance-Backed Project

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KiloEx, a newly launched perpetual trading platform backed by YZi Labs (formerly Binance Labs), has suffered a cross-chain exploit resulting in the theft of approximately $7 million.

The attack, which began on April 14, is ongoing and has impacted operations across BNB Smart Chain, Base, and Taiko networks.

Hackers Drain $7 Million from KiloEx Using Tornado Cash

Cyvers analysts report that the attacker used a Tornado Cash-funded address to execute a series of coordinated transactions. It exploited potential access control flaws in KiloEx’s price oracle system.

On-chain evidence shows rapid fund movements between multiple chains. This raises concerns over systemic vulnerabilities in multi-chain DeFi architecture.

KiloEx launched its Token Generation Event (TGE) on March 27 in partnership with Binance Wallet and PancakeSwap. It’s currently listed on Binance Alpha. 

“Root cause was a potential price oracle access control vulnerability. The attacker is still actively exploiting the system, and USDC may be subject to blacklisting,” wrote Cyvers.

The project was incubated by YZi Labs, an investment and innovation division previously branded as Binance Labs

The launch attracted significant attention due to its backing and integration with BNB Smart Chain.

Following the attack, KiloEx has suspended its platform and is collaborating with security partners to investigate the breach and track stolen funds. 

The team has announced plans to launch a bounty program to encourage white hat assistance and recover user assets.

The incident has triggered sharp market reactions. The KILO token plummeted by 30%, with its market capitalization dropping from $11 million to $7.5 million within hours of the attack.

Security teams are actively monitoring the attacker’s wallet addresses. The situation remains fluid as remediation efforts continue and the vulnerability is further assessed.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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