Dearest readers, the Ethereum Foundation, that paragon of virtue and fiscal responsibility, has decided to part with a tidy sum of 10,000 ETH-approximately $43 million, if you must know-to fund “research, grants, and donations.” A noble cause, one might say, or perhaps just a very expensive way to ensure the ecosystem doesn’t collapse under its own weight. 🎭
In a move that screams “transparency,” the foundation will sell this ether via centralized exchanges, “in smaller orders” to avoid “market disruption.” How charming! It’s as if they’re trying to sneak a loaf of bread into a bakery without the baker noticing. 🥖
0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations.
Conversions will take place over multiple smaller orders, rather than as a single large transaction.
– Ethereum Foundation (@ethereumfndn) September 2, 2025
Following a temporary pause on open grant applications-because nothing says “reform” like a brief hiatus-the foundation has already disbursed over $32 million in grants. One wonders what the recipients are doing with all that money. Probably buying more ether, of course. 🧠
The treasury policy, a document of such complexity it could double as a doorstop, dictates that ETH sales are calculated based on fiat assets. Since its inception, EF has sold $25 million worth of ETH to SharpLink Gaming and 2,795 ETH to… well, someone. The mystery deepens. 🕵️♂️
Meanwhile, ETH is trading at $4,323, up 21% in a month. A surge so dramatic, it could make a Victorian lady faint. Other notable moves include Yunfeng Financial Group buying 10,000 ETH (because why not?) and Ether Machine hoarding 150,000 ETH for a Nasdaq listing. A true capitalist, that one. 💼
Ethereum co-founder Joseph Lubin, ever the optimist, claims Wall Street’s adoption could make ETH “100x stronger” than Bitcoin. One can only hope he’s not referring to the number of times he’s been wrong. 🤷♂️
In conclusion, the Ethereum Foundation’s cautious sales are a masterclass in market manipulation, all while pretending to be the voice of reason. A true marvel of modern finance. 🎉
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2025-09-03 09:11