Vitalik Buterin warns Wall Street institutions of two major threats to Ethereum.

According to Odaily Planet Daily, Ethereum co-founder Vitalik Buterin warned on Devconnect that Ethereum faces two risks if BlackRock and other large institutions continue to increase their Ethereum holdings: (1) builders with decentralized ideas may be squeezed out, thus weakening the community; (2) the choice of base layer optimized for institutions (e.g., block time of about 150 ms) may make it impossible for ordinary users to run nodes, thus driving geographical/network centralization.

Currently, nine Wall Street firms offering Ethereum ETFs hold over $18 billion in Ether, with corporate treasuries holding an additional $18 billion. Buterin emphasized that Ethereum should focus on a "global, permissionless, and censorship-resistant protocol" to maintain its unique value.