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Justin Drake: Ethereum Foundation to release financial report, holds roughly $650 million in main wallet
Justin Drake: Ethereum Foundation to release financial report, holds roughly $650 million in main wallet

Quick Take The Ethereum Foundation plans to release a financial report soon, addressing community concerns about its spending. Justin Drake, an Ethereum researcher, indicated in an AMA that the foundation spends $100 million annually and has about $650 million in its main wallet. Depending on ether prices, the foundation’s financial runway is roughly ten years, Drake added.

The Block·2024/09/05 16:00
Crypto Prices Plummet, Trump v. Harris Developments, and More: This Week’s Recap
Crypto Prices Plummet, Trump v. Harris Developments, and More: This Week’s Recap

The crypto markets are crashing amid interesting developments in the US political scene.

Cryptopotato·2024/09/05 16:00
Bitcoin falls below $54K as U.S. jobs data disappoints
Bitcoin falls below $54K as U.S. jobs data disappoints

Share link:In this post: Bitcoin fell below $54,000, reaching a new one-month low of $53,806. The decline followed weaker-than-expected August nonfarm payrolls data. The U.S. dollar strengthened by 0.3%, affecting Bitcoin’s initial reaction to the data.

Cryptopolitan·2024/09/05 16:00
Flash
18:58
Strive launches a 4.2 billions USD product in response to Strategy's bitcoin sale
Strive launches products totaling 4.2 billion US dollars, in contrast to Strategy's sale of Bitcoin. (Decrypt)
18:57
Goldman Sachs CEO: High oil prices could change consumer behavior in the second half of 2026
"You will see more changes in consumer behavior," Su Dewei said at an event held by the Economic Club of New York. Expand
18:46
Tom Lee: Ethereum could rise to $250,000
Fundstrat Head of Research and Bitmine Chairman Tom Lee stated at a conference in Paris that artificial intelligence and tokenization will drive transformation in financial infrastructure, and the Ethereum price could reach 250,000 US dollars. Bitmine recently purchased 111,900 Ethereum, bringing its total holdings to about 5.4 million, accounting for 4.47% of the circulating supply. Lee said enterprise validators will replace the Ethereum Foundation as key players in the network, and noted that Bitmine now meets the requirements for inclusion in the Russell 1000 Index, with its staking model outperforming spot holdings. He believes the current bearish market sentiment signals a market bottom for both Bitcoin and Ethereum.
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