What is the Ethereum Foundation’s Purpose?

The Ethereum Foundation has a crucial mission to foster the progression and sustainability of the Ethereum blockchain. This non-profit entity is engaged in facilitating the advancement of Ethereum and its ecosystem by providing financial assistance to research, community-oriented initiatives, and tech progressions. With a treasury holding over 270,000 ETH, approximated at around $1.1 billion, it has effectively funded endeavors aimed at augmenting Ethereum’s functionality, including zero-knowledge research and developer tools.

Why Did the Ethereum Foundation Sell 10,000 ETH?

The Foundation’s latest action of selling 10,000 ETH—around $43 million worth—is a calculated decision designed to…