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ChainCatcher reported that the EVM Layer 1 blockchain Pharos Network has announced the official establishment of the Pharos Foundation, marking an important milestone as Pharos Network moves towards its TGE and mainnet launch in early 2026. The foundation aims to establish a structured, transparent, and governance-oriented model to lay the groundwork for the ecosystem’s long-term development. Around the time of the TGE, the Pharos Foundation will also provide the frameworks, documentation, and transparent processes needed for sustainable token governance and ecosystem growth. The foundation’s work is centered around four core pillars: ecosystem support, technology development, governance and transparency, and education. Following its establishment, Pharos will offer grants and projects for builders and developers, promote trusted collaboration with traditional finance and institutional participants, and provide structured governance, transparent reporting, and ecosystem management to ensure future-friendly, inclusive, and trustworthy growth. Details regarding the management and use of the ecosystem fund will be disclosed in the foundation’s first transparency report after the mainnet launch, covering grants issued, governance decisions, and fund deployment. At the same time, the first foundation charter will be released, outlining its mission, governance model, operational limits, and commitment to public interest responsibilities.

According to a report by Jinse Finance, on-chain analyst Ai Yi has monitored that a certain crypto whale investor has allegedly liquidated all of their WBTC positions. This investor purchased 2,189.23 WBTC at an average price of $66,169.48 between February 2024 and February 2025, with a total investment of $144 million. In the past three weeks, the investor has deposited over $193 million worth of tokens to major exchanges, among which address 0x9b8...822d8 recently deposited the last 150 WBTC to an exchange, valued at $12.87 million. If all tokens are sold, the estimated profit would be $60.22 million. It is worth noting that this investor still holds ETH assets valued at $85.55 million.