The new Ethereum foundation @BitMNR chaired by Wall st veteran and CNBC regular @fundstrat is trading at $8B and I can never buy enough of it
Wall St is digitizing everything on Ethereum
$ETH $BMNR
"Clarity is no longer a question of if, but when. Lawmakers...are ready to turn years of debate into durable law that protects consumers, gives builders certainty and keeps American leading."- @SummerMersinger for @CoinDesk
Reporting by @jesseahamilton
https://t.co/WWXaTjGKpg
The Ethereum Foundation issued the following statement:
"Today, the EF is changing shape, concluding a months-long process of reorganization as part of the implementation of the Mandate and the Treasury Management Policy.
We come out of this process with the structure, activities, and people necessary for execution on the critical tasks ahead of us, but also with 54 fewer colleagues, roughly 20% of the EF, many of whom will be finding ways to contribute to Ethereum from outside the EF in the coming weeks."
BREAKING: 🇺🇸 OVER 50 CRYPTO INDUSTRY LEADERS ARE MEETING WITH US SENATORS TOMORROW TO DEMAND THE #BITCOIN CLARITY ACT PASSAGE
THE CRYPTO CLARITY BILL IS HEADING TO PRESIDENT TRUMP'S DESK SOON
₿E PREPARED. IT'S COMING 🚀
Does the EF funding crisis stand up to scrutiny ?
The EF currently holds 170k $ETH, 70k of which is staked generating 2.1k ETH annually. The remaining 100k Eth is partially held in liquid staking, also generating yield.
They also $32 million held in stables.
Considering all this, the EF aims to keep operational expensesat 15% of current total treasury, with a 2.5-year fiat/stablecoin runway buffer, with a long term goal of reducing this over 5 years to a 5% baseline
So the circulating $30 milliom yearly bill for funding EF will go down to $10 million.
As of right now, the EF has enough funds to run for at least 30 years, so there is zero funding crisis.
FUD DEBUNKED
ETHEREUM JUST GOT ITS INSTITUTIONAL R&D LAB.
@Ethlabs_org has launched as an independent nonprofit backed by Bitmine @BitMNR, SharpLink TOM LEE @fundstrat, JOE LUBIN, JOSEPH CHALOM and other Ethereum ecosystem contributors.
It was founded by five former senior Ethereum Foundation researchers who helped shape Ethereum across scaling, finality, data availability, the EVM and protocol economics.
🔹 Faster settlement
🔹 Native issuance
🔹 Mainnet capacity
🔹 Institutional ETH adoption
This is private sector Ethereum stewardship becoming real.
Bitmine is not just buying ETH anymore.
It is helping build Ethereum’s next phase.
$ETH $BMNR
🚨 JUST 4 DAYS LEFT: Senate Has Until THURSDAY To RESOLVE Clarity Act Before A 2-Week RECESS 👀🔥
Group of meetings are supposed to be set during these days.