The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex CapThe Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal
The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.
According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.
“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.
The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.
The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.
Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.
ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.
Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Market Opportunity
Moonveil Price(MORE)
$0.004079
$0.004079$0.004079
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise
The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
The Truth Machine: Why SMX Is Becoming the Most Watched Microcap of 2025
Every industry eventually hits the moment where the narrative collapses under its own weight. Plastic recycling just hit that wall. Too many promises, not enough
Share
Techbullion2025/12/16 03:39
XRP crypto price Analysis: 1D Bearish, Exhaustion Rising
The post XRP crypto price Analysis: 1D Bearish, Exhaustion Rising appeared on BitcoinEthereumNews.com. The market is grinding lower under seller control, and even
Share
BitcoinEthereumNews2025/12/16 03:40