Ethereum Foundation Converts 1,210 ETH to USDC in Ongoing Asset Transfers as Price Surges 7%

Ethereum Foundation Announces Complete Transition to ZK Proof Adoption, Moves 21,000 ETH

Key Highlights: Ethereum Foundation will start integrating zk-proofs with Ethereum mainnet, beginning with the launch of a Layer-1 zkEVM within a year. To maintain Ethereum’s core values of security, liveness, and censorship resistance, the Foundation is setting performance and security benchmarks for zkVMs Amid rising ETH prices and ETF inflows, the Foundation addressed concerns over a reported 1,210 ETH sale, clarifying that Argot Collective …

Ethereum Foundation Converts 1,210 ETH to USDC in Ongoing Asset Transfers as Price Surges 7%

Ethereum Foundation sold 1,210 ETH for $3.496 million USDC at a rate of $2,889.50 per ETH. ETH price rose 7.79% in 24 hours to $2,994.29, with trading volume reaching $35.53 billion. ETH is approaching key resistance near $3,200 after finding strong support at $2,323.88. The Ethereum Foundation has completed a notable ETH-to-USDC transaction, converting 1,210 ETH into approximately $3.496 million. This transaction, recorded by on-chain data, pri…

Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900

ETH has gained 16.7% in the past seven days and over 8% in the past 24 hours alone. This comes amid a heated rally in the broader cryptocurrency market where BTC’s price just reached a new all-time high above $118,000. Ironically, some warning signs are starting to pop already. According to popular on-chain monitoring resource Lookonchain, a wallet linked to the Ethereum Foundation has sold 1210 ETH for 3.5 million USDC at an average price of ar…