Ethereum Foundation Dumps 5,000 ETH Amid Secret Treasury Overhaul

Source: BeInCrypto

Ethereum Foundation Dumps 5,000 ETH Amid Secret Treasury Overhaul
The Ethereum Foundation (EF) announced it will convert 5,000 ETH into stablecoins using CoW DAO’s time-weighted average price feature to fund research, grants, and donations. The swap, worth roughly $11 million at current prices, follows the treasury management framework the EF published in Ju