{"id":2378,"date":"2024-11-09T06:32:32","date_gmt":"2024-11-09T06:32:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2378"},"modified":"2024-11-09T06:32:32","modified_gmt":"2024-11-09T06:32:32","slug":"ethereum-foundation-reveals-788m-crypto-holdings-and-new-conflict-of-interest-rules","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2378","title":{"rendered":"Ethereum Foundation Reveals $788M Crypto Holdings And New Conflict-Of-Interest Rules"},"content":{"rendered":"
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The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings<\/a> and a commitment to transparency and long-term sustainability.<\/p>\n

Ethereum Foundation Holdings<\/h2>\n

As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets.<\/p>\n

Notably, nearly 99.45% of the EF\u2019s crypto holdings are in Ethereum (ETH), representing 0.26% of the total circulating supply of ETH.<\/p>\n

In its report<\/a>, the EF emphasized a conservative treasury management policy designed to weather market volatility and ensure the availability of resources during extended market downturns. They noted in the report:<\/p>\n

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We choose to hold the majority of our treasury in ETH. The EF believes in Ethereum\u2019s potential, and our ETH holdings represent that long-term perspective.<\/p>\n<\/blockquote>\n

To sustain this approach, the EF \u201cperiodically\u201d sells portions of its ETH holdings, building up fiat reserves during bullish market conditions<\/a> to finance spending needs during bearish phases.<\/p>\n

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1\/ Introducing the Ethereum Foundation Report, 2024 Edition. Learn more about EF, our recent work, Ethereum\u2019s ecosystem of funders, new organizations and policies. The full report is here: https:\/\/t.co\/koL7Et0n6B<\/a> pic.twitter.com\/uhbzsngaWD<\/a><\/p>\n

\u2014 Aya Miyaguchi (ayamiya.eth) (@AyaMiyagotchi) November 8, 2024<\/a><\/p>\n<\/blockquote>\n

It is worth noting that the EF\u2019s transparency about this motive comes against the backdrop of past scrutiny and community reactions regarding large transactions and ETH sales by the foundation without prior notice, leading to calls for clearer communication.<\/p>\n

Tightening Conflict Of Interest Rules For Staff Members<\/h2>\n

The Ethereum Foundation also introduced enhanced measures to address potential conflicts of interest among its team members. \u00a0According to the updated policy<\/a>, EF staff members, referred to as \u201cEFers,\u201d may engage in external work but must disclose their involvement and seek approval from their team leads.<\/p>\n

For engagements with a total value exceeding $25,000 annually, a review by an internal discussion group is mandated. The policy specifically prohibits EF staff from accepting compensation in illiquid assets with uncertain market value<\/a>, such as advisory token packages for pre-launch projects, unless a rare exception is granted.<\/p>\n

The report also highlights that the EF\u2019s primary mission is to fund and support public goods for the Ethereum network. Expenditures in 2023 included $47.4 million dedicated to \u201cnew institutions\u201d aimed at boosting the ecosystem, a significant increase from $28.6 million in 2022.<\/p>\n

Additionally, the EF invested $34.7 million in Layer 1 research and development, up from $32.1 million in the previous year. Aya Miyaguchi, the executive director of the Ethereum Foundation<\/a>, emphasized the foundation\u2019s long-term approach, stating:<\/p>\n

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EF\u2019s long-term thinking keeps us focused on supporting a sustainable and open ecosystem. We\u2019re more committed than ever to planting seeds that may only mature years down the line, ensuring Ethereum\u2019s resilience and collaborative growth.<\/p>\n<\/blockquote>\n

\"Ethereum<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings and a commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2378","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2378"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2378\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}