US EditionEthereum Foundation Unstakes 17K ETH After Nearing 70K Staking Goal
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11 Articles
Ethereum Foundation Unstakes 17K ETH After Nearing 70K Staking Goal – #CryptoUpdatesGNIT
The Ethereum Foundation moved to unwind part of its staking position shortly after nearing its stated goal of 70,000 staked ETH. On Saturday, the Ethereum Foundation unstaked 17,035.326 ETH, worth roughly $40 million, according to Arkham data. The move involved depositing wrapped staked ETH (wstETH) into Lido’s unstETH contract, with ETH expected to be returned once the withdrawal queue completes. In Ethereum, unstaking is the process of withdra…
Ethereum News: ETH Foundation Unstakes $48.9M and Sparks Selloff Fears
Key Insights: Ethereum news: Ethereum Foundation unstaked about $48.9 million in ETH, raising market attention. Traders tracked whether funds would move to exchanges or convert into stablecoins. Prediction markets showed muted sentiment, with ETH $10,000 odds near 4%. Ethereum news shifted focus after the Ethereum Foundation unstaked about $48.9 million worth of ETH, triggering market scrutiny over potential treasury actions. The transaction su…
The organization withdrew over 17,000 ETH from Lido. The move has sparked speculation about potential sales or strategic adjustments to its treasury. Read more
Ethereum Foundation Unstakes 17K ETH as 70K Staking Target Nears
The Ethereum Foundation has quietly trimmed a portion of its staking exposure just as its cumulative stake edged toward the project’s own 70,000 ETH target. Arkham data shows the foundation unstaked 17,035.326 ETH, valued at about $40 million at the time, by moving wrapped staked ETH (wstETH) into Lido’s unstETH contract. The underlying ETH is expected to be released once the withdrawal queue clears, marking a notable shift in the foundation’s o…
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