Latest news with #EthereumFoundation
Yahoo
2 days ago
- Business
- Yahoo
Ethereum Foundation Sells 10,000 ETH to SharpLink in First-Such OTC Deal
The Ethereum Foundation has sold 10,000 ether (ETH) to SharpLink Gaming in an OTC deal worth $25.7 million, marking the first time a publicly listed company has directly acquired the token directly from the protocol's core steward. The transaction was executed at an average price of $2,572.37 per ETH and settled on-chain via the foundation's multisig on July 10. Proceeds from the sale will be used to support EF's core activities. SharpLink, which trades on Nasdaq under the ticker SBET, described the purchase not as a trade, but as a 'commitment to Ethereum's long-term mission.' The company is positioning ETH as its primary treasury reserve asset and said it plans to stake and restake the acquired ETH, effectively removing it from circulation. 'This isn't a trade — it's a commitment,' said Joseph Lubin, Chairman of SharpLink and a co-founder of Ethereum, said in a release. 'SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem.' 'Moreover, we see this as the start of something bigger – a model for how mission-driven organizations can work to advance our ecosystem's shared goals of decentralization, economic empowerment and protocol-native finance,' Lubin added. The move comes at a time when ETH ETF inflows are building, ETH-denominated treasuries are re-emerging, and protocol-native finance is regaining attention. ETH was trading above $3,000 as of U.S. morning hours Friday, up more than 8% in the past 24 hours.
Bloomberg
2 days ago
- Business
- Bloomberg
Ethereum Foundation Finds Ready Buyer in Crypto Token's Founder
The Ethereum Foundation, which has faced a backlash from critics in the past for open-market sales of its namesake token, appears to have found a ready buyer: the recently formed crypto treasury firm headed by one of the co-creators of the second-biggest cryptocurrency. The non-profit organization behind the Ethereum blockchain said Friday that SharpLink Gaming Inc. acquired 10,000 Ether tokens for $25.7 million, or $2,572 apiece.
Crypto Insight
6 days ago
- Business
- Crypto Insight
Vitalik Buterin advocates ‘copyleft' licensing in crypto
Ethereum co-founder Vitalik Buterin has encouraged the crypto industry to adopt 'copyleft' open-source licenses amid concerns the industry is losing touch with its collaborative roots. In a newly released blog on Monday, Buterin said he was previously a fan of a 'permissive approach' to software licensing, which enables the free sharing with everyone, but has now started to favor a 'copyleft' approach. There is a subtle difference between the two. Permissive licenses allow the public to freely modify or distribute source code files. Copyleft licenses do the same, but require the user to also open-source any derivative work using the original code. 'I generally philosophically dislike copyright and patents,' Buterin said. Buterin shifts to copyleft open-source licenses 'I dislike the idea that two people privately sharing bits of data between each other can be perceived as committing a crime against a third party whom they are not touching or even communicating with,' he added. Buterin said he was warming to 'copyleft' because open source has become mainstream, and 'nudging enterprises toward it is much more practical.' However, he recognizes potential downsides in the 'copyleft' approach in that it can be too restrictive or coercive, especially in cases where code isn't publicly distributed but still has to be shared. Why I used to prefer permissive licenses and now favor copylefthttps:// — (@VitalikButerin) July 7, 2025 Copyleft in the crypto space Buterin highlighted how the crypto space has changed, becoming more competitive and less cooperative, which weakens the old open-source ideal of people sharing code voluntarily. 'The crypto space in particular has become more competitive and mercenary, and we are less able than before to count on people open-sourcing their work purely out of niceness.' He said voluntary sharing is no longer enough and must be accompanied by the 'hard power' of giving access to some code only to those who open up theirs. He added that copyleft licensing in crypto forces reciprocity, ensuring that innovation benefits the whole community, not just a few closed-source actors. He concluded that copyleft creates a 'large pool of code,' or other creative products, which can only legally be used if users are willing to share the source code of anything they build on it. 'Hence, copyleft can be viewed as a very broad-based and neutral way of incentivizing more diffusion, getting the benefits of policies like the above without many of their downsides.' Incentivizing open source is most valuable when it's neither unrealistic nor guaranteed, Buterin said, adding that the benefits of copyleft are much greater today than they were 15 years ago. Crypto venture capitalist Adam Cochran concurred, writing, 'There's some practical edge cases where copyleft is problematic, but overall agree with the philosophy.' Source:
Yahoo
03-07-2025
- Business
- Yahoo
Spot Ethereum ETFs Could See Explosive Growth in H2 2025, Says Bitwise CIO
The Ether (ETH) price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research's technical analysis model. The move coincided with growing institutional focus on Ethereum's emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows. On June 30, Robinhood confirmed via X that it is building 'Robinhood Chain' on Arbitrum to 'power the future of asset ownership.' While the company did not specify a timeline for launch, its decision to build on Ethereum's leading Layer-2 solution reinforces the network's position at the center of tokenized finance. The Ethereum Foundation amplified this narrative in a response that read: 'Ethereum is for tokenized stocks.' Building on this theme, Bitwise CIO Matt Hougan offered a bullish forecast on July 2. Responding to the Ethereum Foundation's post, Hougan said: 'Flows into Ethereum ETFs are going to accelerate significantly in H2. The combination of stablecoins & stocks moving over Ethereum is an easy-to-grasp narrative for traditional investors.' He noted that Ethereum ETFs attracted $1.17 billion in net inflows in June alone and suggested the second half of 2025 could see a much larger total if investor interest accelerates. Analysts say the convergence of stablecoins, tokenized equities, and staking on Ethereum creates a compelling use case for institutional capital. As staking locks up nearly 30% of ETH's supply and Layer-2 usage accelerates, Ethereum is increasingly being positioned as the foundational layer for real-world asset tokenization. Market participants are now watching the $2,800 level as the next resistance zone, which, if breached, could reinforce the bullish momentum heading into the second half of the year. Technical Analysis Highlights ETH climbed from $2,413 to $2,570 during the 24-hour window ending July 2 at 18:00 UTC, marking a 6.49% surge. Consolidation between $2,380.83 and $2,460.27 lasted 16 hours before a breakout began at 14:00 UTC. During the 16:00 hour, ETH gained 2.44% with volume 3.5x the 24-hour average. Strong support formed at $2,554.06, with buyers maintaining control despite profit-taking. In the final hour (17:40 to 18:39 UTC), ETH rose from $2,560.29 to $2,577.0 — up 0.65% with a 30% volume spike. Higher lows and a strong close near session highs indicate continued bullish momentum. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
30-06-2025
- Business
- Business Insider
Everstake Brings Ethereum Experts Together to Explore Post-Pectra and Institutional Adoption
Everstake, a leading global non-custodial staking provider serving institutional and retail clients, hosted a special AMA session with Jason Chaskin, Ecosystem Intelligence Lead at the Ethereum Foundation, and Eric Siu, former contributor to ecosystem and special projects at both the Ethereum Foundation and Etherealize, to discuss post-Pectra world and explore whether the protocol is ready to support enterprise-grade participation at scale. The part of the discussion was focused on the evolving role of institutional staking and how Ethereum's infrastructure is adapting to enterprise needs. Since the Pectra upgrade, Ethereum's validator entry queue has grown significantly, now topping 420,000 ETH with more than a week's wait. Meanwhile, infrastructure moves from players like Stripe, which recently acquired the wallet provider Privy, suggest institutions are building infrastructure to support on-chain activity. 'While Pectra wasn't designed exclusively for institutions, upgrades like EIP-7251 do simplify operations for those managing significant capital,' said Eric Siu. 'The broader concerns, like MEV management or regulatory compliance, are solvable off-protocol. The infrastructure is here, and institutions are clearly interested. They just can't afford mistakes.' An official representative of the Ethereum Foundation Jason Chaskin added that Ethereum has organically evolved in a direction that aligns with enterprise standards, even if the terminology differs. - 'What we call decentralization, they might call the absence of counterparty risk. What we describe as modularity or L2 scaling, they interpret as enterprise architecture. Ethereum doesn't need to compromise its principles to meet institutional demand. It's already aligned.' Both speakers concluded that Ethereum is not only technically ready but economically and culturally aligned with institutional priorities so long as it continues to evolve without compromising decentralization. The full discussion on institutional staking is available on Everstake's blog. About the Ethereum Foundation The Ethereum Foundation is a non-profit organization dedicated to the development, improvement, and promotion of Ethereum and related technologies. Established in 2014 with the vision of fostering a decentralized and open-source ecosystem, the Ethereum Foundation plays an important role in supporting the growth of Ethereum and empowering the broader blockchain community. About Everstake Everstake is a leading global non-custodial staking provider serving institutional and retail clients and enabling secure access to over 85 Proof-of-Stake networks. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception. Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance. Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake's provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets. Contact PR Manager
