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Ethereum Foundation Sells 1,700 ETH For $2.76M USDC Amid Increased Volatility
he Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circleâs USDC (CRYPTO: USDC) stablecoin.Â
What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC." The Ethereum Foundation, a non-profit organization executed this transaction via Uniswap.
The Foundationâs holdings have been disclosed in their April 2022 report, revealing that they possessed about 395,000 ETH, representing approximately 0.297% of Ethereumâs total supply as of Q1 2022. Throughout the 2021 financial year, the Foundation allocated a total of $48 million towards research and development, as well as grants for developers working on the Ethereum ecosystem.
$ETH
What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC." The Ethereum Foundation, a non-profit organization executed this transaction via Uniswap.
The Foundationâs holdings have been disclosed in their April 2022 report, revealing that they possessed about 395,000 ETH, representing approximately 0.297% of Ethereumâs total supply as of Q1 2022. Throughout the 2021 financial year, the Foundation allocated a total of $48 million towards research and development, as well as grants for developers working on the Ethereum ecosystem.
$ETH
Binance Suspends a Dozen Ethereum, BNB Token Trading Pairs
Binance ended trading for more than a dozen pairs including its native BNB token, the defunct Binance USD (BUSD) stablecoin, and five involving ETH.
$BNB $ETH
Binance ended trading for more than a dozen pairs including its native BNB token, the defunct Binance USD (BUSD) stablecoin, and five involving ETH.
$BNB $ETH
Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics.$BTC
