Vitalik Buterin’s latest move to address concerns surrounding the Ethereum Foundation appears to be gaining traction, as fresh on-chain data reveals a significant influx of funds into the foundation’s multisig wallet.
A recent transfer of 50,000 ETH—valued at approximately $132 million—has been recorded, with Buterin stating that these funds will be allocated toward increased participation in the DeFi ecosystem.
This comes amid ongoing scrutiny over the Ethereum Foundation’s treasury management, particularly regarding transparency and its handling of ETH reserves.
Buterin has proposed structural changes within the foundation, including replacing its executive director, Aya Miyaguchi, with Danny Ryan, a key figure in Ethereum’s transition to proof-of-stake.
Additionally, some have suggested that the foundation should either stake or distribute portions of its $1 billion ETH treasury rather than routinely selling for stablecoins—a practice that has drawn criticism for exerting selling pressure on the market.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.