Ethereum Foundation Launches New Platform to Attract Wall Street Institutions
Ethereum is making a fresh push to win over traditional finance players with the launch of a new Ethereum for Institutions website, aimed at showcasing how the blockchain can serve banks, asset managers, and corporations. The new initiative marks a strategic effort by the Ethereum Foundation to bridge the gap between decentralized finance (DeFi) and […]
Vitalik Buterin Linked Wallets Sell Off, ETH Price Drops
Vitalik Buterin’s wallets have sold 760 ETH for $1.835 million at an average price of $2,414 per ETH. Ethereum wallets affiliated with Vitalik Buterin and the Ethereum Foundation have been on a significant selling binge, resulting in continual pressure to sell Ethereum. Over the course of the previous week, the price of ETH fell to […]
Ethereum Foundation Crypto Grants In Q2 2024 Exceed $8.4M
In Q2, the Ethereum Foundation disclosed that it allocated more than $8.4 million in Crypto grants in various market segments. In the year’s second quarter, the Ethereum Foundation (EF) allocated more than $8.4 million to crypto grants. This occurs in the context of the Foundation’s recent budget and expenditure scrutiny by the community. After the […]
Vitalik Buterin Explains 2023 Ethereum Foundation Spending
Vitalik Buterin explains the Ethereum Foundation’s 2023 spending in response to community inquiries regarding the foundation’s spending. The Ethereum Foundation ‘s annual expenditures on new institutions increased, accounting for 23.8% of the foundation’s expenses in 2022. The largest expense category, at 36.5%, was the expenditure on “new institutions,” which are organizations or entities that contribute […]
ETH 6X Surge Months After Ethereum Foundation Sale
On August 23, 2024, the Ethereum Foundation transferred 35,000 ETH (~$96 million) to Kraken, fueling market speculation. According to Arkham Intelligence, a blockchain tracing organization, the price of Ethereum increased by more than 500% in the months following a massive ETH sale by the Ethereum Foundation. However, it is impossible to predict what will happen […]