The Ethereum Foundation has sold 3,750 ETH for stablecoins to fund its development work. To keep the market stable, the ETH was sold in small batches of 416.67 using CoW Protocol’s TWAP system. So far, nine trades have been completed at an average price of $2,214 per ETH, leaving 1,250 ETH, valued at $2.7 million, still in reserve. The foundation continues to stake the rest to earn yield. Traders are split, with some concerned about short-term effects and others applauding the transparency of the small sale.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Iran war pushed oil to $115, forcing markets to cut expectations from four Fed…
Bitcoin surged above $72,500 within minutes of the ceasefire announcement on Tuesday. Wallets tied to…
Ethereum has decisively reclaimed the $2,200 level, marking a clear shift in structure, and that’s…
Crypto exchange Binance has officially announced the delisting of six tokens, Beefy.Finance (BIFI), FIO Protocol…
U.S. Treasury Secretary Scott Bessent is urging Congress to pass legislation on the structure of…
The Royal Government of Bhutan has transferred 319.7 BTC, worth about $22.7 million, to sales-linked…
