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Etherium developers launch Mekong test networkThe Ethereum($ETH {spot}(ETHUSDT) Foundation has launched the Mekong testnet, where wallet developers can experiment with future updates in preparation for the upcoming Prague-Electra (Pectra) fork. #EthereumFoundation 's head of protocol support Tim Beiko said that the testnet is named after the Mekong River, which runs in the Southeast Asian countries of Thailand, Cambodia and Vietnam. Mekong is designed to help wallet developers evaluate the user experience (UX) of features and familiarize themselves with upcoming modifications for Pectra. Developers are then required to provide feedback to the organization. The Mekong test network will include minor modifications to the Efirium Improvement Proposals (EIPs) regarding UX, improved staking functionality, and deposit and exit mechanisms. The features that will be tested by developers will not affect the core Efirium network and its other testnet like Holesky or Sepolia, the developers clarified. However, Mekong testing will affect the rollout of the Pectra update to other Efirium-related networks. “Mekong is a kind of playground for wallet developers. They can experiment with UX changes, and stakers can try out upcoming changes. The test network will be short-lived, but fully staffed with all EIPs designed for Pectra,” the Ethereum Foundation said in an announcement. #BTCBreaks80KATH

Etherium developers launch Mekong test network

The Ethereum($ETH
Foundation has launched the Mekong testnet, where wallet developers can experiment with future updates in preparation for the upcoming Prague-Electra (Pectra) fork.

#EthereumFoundation 's head of protocol support Tim Beiko said that the testnet is named after the Mekong River, which runs in the Southeast Asian countries of Thailand, Cambodia and Vietnam. Mekong is designed to help wallet developers evaluate the user experience (UX) of features and familiarize themselves with upcoming modifications for Pectra. Developers are then required to provide feedback to the organization.

The Mekong test network will include minor modifications to the Efirium Improvement Proposals (EIPs) regarding UX, improved staking functionality, and deposit and exit mechanisms. The features that will be tested by developers will not affect the core Efirium network and its other testnet like Holesky or Sepolia, the developers clarified. However, Mekong testing will affect the rollout of the Pectra update to other Efirium-related networks.

“Mekong is a kind of playground for wallet developers. They can experiment with UX changes, and stakers can try out upcoming changes. The test network will be short-lived, but fully staffed with all EIPs designed for Pectra,” the Ethereum Foundation said in an announcement.
#BTCBreaks80KATH
Ethereum ecosystem receives nearly $500 million in funding in 2022-23 #EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
Ethereum ecosystem receives nearly $500 million in funding in 2022-23

#EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
🤔 $ETH #IntoTheBlock : This chart presents the USD net flows from Ethereum Foundation wallets. Historically, during each bull market, the Foundation has strategically sold substantial amounts, often aligning these sales almost perfectly with market peaks. In the current cycle, the #EthereumFoundation has yet to execute any significant sales.
🤔 $ETH #IntoTheBlock : This chart presents the USD net flows from Ethereum Foundation wallets.

Historically, during each bull market, the Foundation has strategically sold substantial amounts, often aligning these sales almost perfectly with market peaks.

In the current cycle, the #EthereumFoundation has yet to execute any significant sales.
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@ai_9684xtpa A massive ancient whale, which received 242,653 $ETH from the RSS contract distribution in 2016, is suspected of having sold 6,093 ETH about 40 minutes ago, worth approximately $16.18 million. 🙌 The RSS contract is a smart contract used for splitting ETH and ETC assets during the ETH hard fork. Subsequently, the whale transferred 174,000 tokens to the address 0xa0e...c4409, which have now all been deposited into an exchange. Over the past three months, a total of 17,190 ETH has been sold. Interestingly, this address seems to be linked to the #EthereumFoundation ; after receiving #ETH from the RSS contract, it transferred 0.01 #ETH to the foundation’s address 0xCcd...DbA88. 🤔 RSS receiving address: 0xcA92BC1ff0c0681a1dac4BaaF79CD489Baf9710a deposit address: 0xDB39644409d139842679a2993cb8A545c2Fd1fAC
@ai_9684xtpa

A massive ancient whale, which received 242,653 $ETH from the RSS contract distribution in 2016, is suspected of having sold 6,093 ETH about 40 minutes ago, worth approximately $16.18 million. 🙌
The RSS contract is a smart contract used for splitting ETH and ETC assets during the ETH hard fork.
Subsequently, the whale transferred 174,000 tokens to the address 0xa0e...c4409, which have now all been deposited into an exchange.
Over the past three months, a total of 17,190 ETH has been sold.
Interestingly, this address seems to be linked to the #EthereumFoundation ; after receiving #ETH from the RSS contract, it transferred 0.01 #ETH to the foundation’s address 0xCcd...DbA88. 🤔
RSS receiving address:
0xcA92BC1ff0c0681a1dac4BaaF79CD489Baf9710a

deposit address:
0xDB39644409d139842679a2993cb8A545c2Fd1fAC
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Bullish
Ethereum Foundation's Wallet: Strategic Transfer and Remaining Holdings Strategic Transfer: #EthereumFoundation 's Wallet Moves 500 $ETH ($1.74M) to #Cumberland Forwarder. Remaining Holdings: Despite the Transfer, Wallet Retains 2,800.68 #ETH ($9.78M). Address: 👇 0xa04d07820c5d302B62A59b7B0f422255CE4ab1ca
Ethereum Foundation's Wallet: Strategic Transfer and Remaining Holdings

Strategic Transfer:
#EthereumFoundation 's Wallet Moves 500 $ETH ($1.74M) to #Cumberland Forwarder.

Remaining Holdings:
Despite the Transfer, Wallet Retains 2,800.68 #ETH ($9.78M).

Address: 👇
0xa04d07820c5d302B62A59b7B0f422255CE4ab1ca
🚀 #Ethereum Foundation Transaction Update! 🌐💸 The Ethereum Foundation (0xd7…c1f4) made a strategic move, selling 700 $ETH on Cow Protocol between 16:54-17:05 UTC+8 at a price of $2,406. They exchanged it for 1,684,445 $DAI , which was subsequently transferred to the Ethereum Foundation for funding disbursement. Grant Provider Address: 0xd779332c5A52566Dada11A075a735b18DAa6c1f4 The Ethereum Foundation navigating the crypto seas! 🌊 Stay tuned for more updates on their funding initiatives. 💰🌐 #cryptonews #EthereumFoundation
🚀 #Ethereum Foundation Transaction Update! 🌐💸

The Ethereum Foundation (0xd7…c1f4) made a strategic move, selling 700 $ETH on Cow Protocol between 16:54-17:05 UTC+8 at a price of $2,406.

They exchanged it for 1,684,445 $DAI , which was subsequently transferred to the Ethereum Foundation for funding disbursement.

Grant Provider Address:
0xd779332c5A52566Dada11A075a735b18DAa6c1f4

The Ethereum Foundation navigating the crypto seas! 🌊 Stay tuned for more updates on their funding initiatives. 💰🌐 #cryptonews #EthereumFoundation
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Bearish
#Onchainlens A wallet likely belonging to the #Ethereum Foundation deposited 65.26 $ETH , worth $154K, to another address 6 hours ago. This wallet was dormant for nearly 2 years and received/holds 82.32 $ETH, worth $197K. #EthereumFoundation Address: 0x180c5D583c85728df66C920cC0E03cee6dff40aD Other Address: 0xdCC008A1654ae9c1d62C5b80E45a8276965639C9
#Onchainlens

A wallet likely belonging to the #Ethereum Foundation deposited 65.26 $ETH , worth $154K, to another address 6 hours ago.

This wallet was dormant for nearly 2 years and received/holds 82.32 $ETH , worth $197K.

#EthereumFoundation Address: 0x180c5D583c85728df66C920cC0E03cee6dff40aD

Other Address: 0xdCC008A1654ae9c1d62C5b80E45a8276965639C9
Ethereum Foundation Sells Another 100 ETH as Price Rebounds Just 2 hours ago, the #EthereumFoundation sold another 100 $ETH for 257.958K $DAI as the price bounced back. Main address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3 Middle address: 0xd779332c5a52566dada11a075a735b18daa6c1f4 Interestingly, the Ethereum Foundation has been steadily selling small batches of ETH weekly since the beginning of September, totaling 1,450 ETH sold for $3.57M at an average price of $2,459. This marks another strategic move from the foundation as they continue to cash out during market rebounds. #ETH #eth #selling
Ethereum Foundation Sells Another 100 ETH as Price Rebounds
Just 2 hours ago, the #EthereumFoundation sold another 100 $ETH for 257.958K $DAI as the price bounced back.
Main address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3
Middle address: 0xd779332c5a52566dada11a075a735b18daa6c1f4

Interestingly, the Ethereum Foundation has been steadily selling small batches of ETH weekly since the beginning of September, totaling 1,450 ETH sold for $3.57M at an average price of $2,459.
This marks another strategic move from the foundation as they continue to cash out during market rebounds.

#ETH #eth #selling
🚨 Ethereum Foundation Sells More ETH! 🚨 The Ethereum Foundation has just sold 450 ETH for 1.029M DAI at an average price of $2,288 through their middle wallet 0xd77! 🔹 Main Address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3 🔹 Middle Address: 0xd779332c5a52566dada11a075a735b18daa6c1f4 In the last 4 days, they've offloaded 550 ETH ($1.28M) at an average price of $2,324. Stay tuned—these moves could impact the market! 👀 #eyeonchain #ETH🔥🔥🔥🔥 #EthereumFoundation $ETH {spot}(ETHUSDT) {future}(ETHUSDT)
🚨 Ethereum Foundation Sells More ETH! 🚨
The Ethereum Foundation has just sold 450 ETH for 1.029M DAI at an average price of $2,288 through their middle wallet 0xd77!

🔹 Main Address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3
🔹 Middle Address: 0xd779332c5a52566dada11a075a735b18daa6c1f4

In the last 4 days, they've offloaded 550 ETH ($1.28M) at an average price of $2,324.

Stay tuned—these moves could impact the market! 👀

#eyeonchain #ETH🔥🔥🔥🔥 #EthereumFoundation $ETH
The Ethereum Foundation has sold another 100 ETH for 252,491 DAI, just 16 hours ago. Main address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3 Middle address: 0xd779332c5a52566dada11a075a735b18daa6c1f4 So far in 2024, the Ethereum Foundation has sold a total of 4,066 ETH for $11.22M, averaging $2,760 per ETH. This includes 1,250 ETH ($3.07M) sold in September and 300 ETH ($759K) in October, with steady sales in small batches nearly every week over the last two months. #EthereumFoundation #sell #eth $ETH {future}(ETHUSDT) {future}(ETHUSDT)
The Ethereum Foundation has sold another 100 ETH for 252,491 DAI, just 16 hours ago.
Main address: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3
Middle address: 0xd779332c5a52566dada11a075a735b18daa6c1f4
So far in 2024, the Ethereum Foundation has sold a total of 4,066 ETH for $11.22M, averaging $2,760 per ETH. This includes 1,250 ETH ($3.07M) sold in September and 300 ETH ($759K) in October, with steady sales in small batches nearly every week over the last two months.
#EthereumFoundation #sell #eth $ETH
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