Ethereum Foundation keeps selling ETH after telling the market it was staking 70,000 coins

tldr; The Ethereum Foundation said it would convert 5,000 ETH into stablecoins via CoWSwap to fund research, grants, and donations, reviving concerns about ongoing sell pressure. Although EF had moved treasury assets into DeFi, borrowed against ETH, and launched a 70,000 ETH staking program, its treasury policy still allowed ETH sales alongside staking and borrowing. The move undercuts the market view that staking had replaced treasury sales, showing EF still needs to sell ETH for operating cash.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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