Ethereum News: Vitalik Buterin Suggests ETH Staking as a Funding Strategy for Ethereum Foundation

Vitalik Buterin, co-founder of Ethereum, has revealed that the Ethereum Foundation is considering staking ETH to cover its operational expenses. This move comes as the foundation explores alternatives to selling ETH tokens, aiming to navigate regulatory concerns and avoid involvement in contentious hard forks. Staking ETH could provide a sustainable funding model while aligning with the foundation's long-term goals.

Buterin Claims Ethereum Foundation is Considering ETH Staking to Cover Expenses

Vitalik Buterin, co-founder of Ethereum, has indicated that the Ethereum Foundation is contemplating staking ETH to cover its expenses. This consideration comes amidst regulatory concerns and the desire to avoid taking sides in potential contentious hard forks. The foundation has historically sold ETH tokens to fund its operations, but staking is now being viewed as a viable alternative. Buterin highlighted that while regulatory issues are less of a concern now, the foundation remains cautious about the implications of staking on its neutrality in future hard forks. The Ethereum Foundation recently announced leadership reforms in response to community criticisms, further emphasizing the need for strategic financial decisions.

Ethereum Foundation Prepares to Join DeFi with 50,000 ETH

The Ethereum Foundation is set to move 50,000 ETH to participate in decentralized finance (DeFi) protocols, marking a significant shift from its previous strategy of supporting smaller projects with smaller ETH sales. This move is aimed at gaining passive income through DeFi, likely utilizing AAVE vaults. The decision was announced by a staff member known for his hww.eth address and has been welcomed by Stani Kulechov, the founder and CEO of Aave, as the beginning of a new era for the Ethereum Foundation. Previously, the Foundation primarily interacted with DeFi through the Cow Protocol for swaps.

Ethereum ETF Inflows Hit 30-Day High, Yet ETH Price Action Remains Flat

Inflows into US ETH spot ETFs reached a 30-day high, totaling $227 million on Monday, marking the highest single-day net inflows since December 9. This surge in ETF investments coincides with increased market Optimism following Donald Trump’s inauguration, which has boosted investor confidence. Despite the growing institutional interest in ETH as a viable investment vehicle, the coin’s price performance has remained flat in recent weeks. According to the latest Coinshares weekly report, ETH recorded inflows totaling $246 million last week, reversing previous outflows.

Cryptocurrency: 3 White House & Trump Approved Coins To Buy For Major Gains

Donald Trump has now officially become the 47th president of the United States. His inauguration was marked with credible enthusiasm as the nation looks forward to exploring a new era for cryptocurrency under his guided leadership. Post his official ceremony, Trump’s World Liberty Financial was noted making dynamic crypto purchases, which, if investors could stock as well, can help them extract maximum gains out of the current market scenario. World Digital Financial, a platform aligned with Donald Trump, announced the purchase of $47 million worth of ETH tokens. Ethereum, which is currently sitting at $3258, is currently eying the bigger prize, hoping to surge and ultimately cross the $4000 milestone.