The Ethereum Foundation transferred 10,000 ETH, valued at $42.7 million, to Kraken six hours ago. The transaction was completed at 03:53 AM, and shortly after, the Foundation announced on Twitter that the funds will be allocated for research, grants, and donations. As of now, the Ethereum Foundation holds 231,600 ETH, worth approximately $995 million, ranking fourth among major public entities.
Ethereum Foundation Transfers $42.7M in ETH to Kraken for Development
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