Ethereum Foundation Sells 100 ETH to Fund R&D: A Look at 2025’s First Ether Sale

Quick Summary:

In a bid to fund research and development (R&D), the Ethereum Foundation swapped 100 ETH for 329,463 $DAI, the first sale since the beginning of 2025.

Additionally, the US spot Ether ETF issuers have not received an overwhelming adoption compared to Bitcoins since the historic approval by the US SEC.

For instance, the overall supply of Bitcoin on centralized exchanges has been declining in the past few months while Ethereum’s has not changed much since March 2024.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Altcoins News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 13:06:22 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24975187

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