The Ethereum Foundation sold 10,000 ETH to Bitmine today.
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Sophia Dew, a developer relations member at the Ethereum Foundation, has announced her departure.
According to Mars Finance, on July 8th, Sophia Dew, a developer relations member at the Ethereum Foundation (EF), announced that this week will be her last week serving full-time at the Ethereum Foundation. Dew has been active in the Ethereum ecosystem for the past four years. She stated, "I remain very optimistic about the future of Ethereum. It truly is one of the most powerful and cohesive ecosystems ever."
The Ethereum Foundation donated 2,469 stETH to Argot, equivalent to approximately $4.34 million.
According to BlockBeats, on July 5th, as monitored by on-chain analyst Ember, the Ethereum Foundation donated 2469 stETH, worth approximately $4.34 million, to the non-profit Ethereum development organization Argot one hour ago. Last July, the Ethereum Foundation provided Argot with 7000 ETH in operating funds over three years. Argot subsequently sold 4826.6 ETH at an average price of $3194, obtaining 15.417 million USDC. Today, Argot received its fourth year of funding from the Ethereum Foundation, totaling 2469 stETH. Next July, Argot will receive its final fifth-year funding, also consisting of 2469 stETH. On-chain transaction data shows that the funds have been transferred to Argot's designated address.
DeFi researcher Ignas: He is bullish on ETH if the Ethereum Foundation delivers the "simplified roadmap" on time; however, delays coupled with a bear market could be bearish.
According to Foresight News , DeFi researcher Ignas commented on Vitalik Buterin's previously released "simplified Ethereum" roadmap, stating, "If the Ethereum Foundation can deliver on time, I'm bullish on ETH. The roadmap is very attractive because it addresses most of the key demands raised by the community, including L1 reclaiming execution control from L2, privacy protection, quantum resistance, and second-level finality, but the issue of tokenomics remains unaddressed." It also pointed out that the most anticipated part of the roadmap will be implemented after 2028, with the final goal set for 2029. If the Ethereum Foundation (EF) delivery schedule is delayed and the bear market continues, it may negatively impact the price of ETH, as competing projects such as Tempo and Canton are posing a challenge to Ethereum in the areas of real-world assets (RWA) and institutional adoption.
Ethereum Institutional Launches Core Team Recruitment
Odaily Odaily reports that Ethereum Institutional has announced the start of a core team recruitment drive, with a focus on recruiting for Institutional Business Development (Institutional GTM), Marketing and Community Operations, as well as technical positions such as Solution Architecture and Technical Project Leads in the coming weeks.
Machi Big Brother posted a picture showing he holds 11,100 ETH in long positions on Ethereum: ready to make it all back in one go.
According to Odaily Odaily, Huang Licheng, known as "Machi Big Brother," posted a screenshot on the X platform showing a 25x leveraged long position in Ethereum, indicating a position of 11,100 ETH with an entry price of $1,735 and a liquidation price of $1,751. The post was captioned, "Going to make it all back in one trade." However, according to the latest data from Hyperbot, Machi Big Brother closed his long position and reduced his holdings one hour ago. His current position is 10,100 ETH, with a value of approximately $17.8871 million.
Hinkal's privacy protocol has suspended affected smart contracts due to abnormal USDC transactions on the Ethereum blockchain.
Odaily Odaily reports that decentralized privacy protocol Hinkal Protocol has announced it has noticed unusual activity involving USDC on the Ethereum network within its system. Currently, this only affects the Ethereum blockchain; other chains are unaffected. As a precaution, affected smart contracts have been suspended, and a comprehensive investigation and analysis of related on-chain transactions and activities is underway. The investigation is ongoing, and updates will be released as information becomes available. Previously, it was reported that Hinkal suffered a loss of $800,000 due to a suspicious USDC transaction.