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

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.