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Buterin Clarifies Ethereum Foundation’s Stance on Staking ETH

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Ethereum co-founder Vitalik Buterin recently addressed why the Ethereum Foundation, the non-profit supporting the blockchain network, opts to sell its ETH holdings rather than stake them.

His comments follow increasing community criticism, calling on the Foundation to manage its resources more responsibly.

Why the Ethereum Foundation Doesn’t Stake Its ETH

In an October 27 post on X, Buterin outlined the rationale behind the Foundation’s decision to periodically sell ETH. He noted that staking could lead the Foundation to take an “official stance” on certain network upgrades, particularly during contentious hard forks — something it wants to avoid.

However, Buterin revealed that the Foundation is exploring other methods to engage with staking. These options include issuing grants in staked ETH, which would allow grant recipients to stake the ETH, control withdrawal timelines, and keep the rewards. Another potential approach is delegating staking responsibilities to multiple organizations to stake on the Foundation’s behalf.

“One interesting idea around this that is being considered is giving some grants in the form of ‘you can stake our ETH, you choose how as long as it’s ethical, and keep the upside,” Buterin stated.

Staking is essential to Ethereum’s proof-of-stake (PoS) mechanism, where users lock up ETH to validate transactions and earn rewards. Many in the crypto community argue that by staking its ETH, the Ethereum Foundation could fund its operations through these rewards, potentially reducing the need to sell off assets.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

Ethereum Foundation ETH Holdings
Ethereum Foundation ETH Holdings. Source: ScopeScan

Recently, blockchain analytics platform ScopeScan reported that the Foundation had sold 4,066 ETH, valued at $11.24 million, on-chain via the decentralized exchange CoWSwap this year. ScopeScan also calculated that, with the current annual staking return of 3.1%, the Foundation’s 271,000 ETH holdings — worth approximately $673 million — could generate 8.4 million ETH (or about $20.8 million) per year if staked.

During this conversation, Buterin encouraged the crypto community to recognize the Ethereum Foundation’s broader contributions to the digital asset.

According to him, proceeds from ETH sales fund critical payments to the developers and researchers responsible for major network upgrades. These include Ethereum’s transition to Proof-of-Stake, consistent low transaction fees, and rapid processing speeds averaging around 30 seconds.

Read more: How to Invest in Ethereum ETFs?

Buterin also highlighted the Foundation’s support for innovations like zero-knowledge technologies for enhanced privacy and account abstraction for improved security. Additionally, the Foundation sponsors local Ethereum events worldwide, strengthening the community and network security.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Why a New Solana All-Time High May Be Near

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Solana’s (SOL) price clinched a new all-time high of  $264.39 during the trading session on November 23. Its price has since witnessed a 3% correction, causing the popular altcoin to exchange hands at $255.12 as of this writing.

Despite this pullback, the bullish bias toward the altcoin strengthens. An assessment of its daily chart highlights two reasons why a new Solana all-time high may be on the horizon.

Solana Bulls Relegates Its Bears

On the SOL/USD one-day chart, its price is positioned above the green line of its Super Trend indicator. This indicator measures the overall direction and strength of a price trend. It appears as a line on the chart, changing color based on the prevailing trend: green signifies an uptrend, while red indicates a downtrend. 

When the Super Trend line is above an asset’s price, it signals a downtrend, suggesting continued bearish momentum. In Solana’s case, when the Super Trend line turns green and moves below the price, buyers are in control.

This green line often acts as a support level, where increased buying pressure can drive a rebound following price dips. For Solana, this support is currently set at $213.53.

Solana Super Trend.
Solana Super Trend. Source: TradingView

Further, the coin’s price rests significantly above its Ichimoku Cloud, confirming this bullish outlook. This indicator tracks the momentum of an asset’s market trends and identifies potential support/resistance levels.  

When an asset’s price rests above the Ichimoku Cloud, it signals a bullish trend. It indicates that the asset is on an upward trend with the potential for further gains. In this case, the Cloud is a dynamic support zone below the price, reinforcing bullish sentiment.

Solana Ichimoku Cloud.
Solana Ichimoku Cloud. Source: TradingView

SOL Price Prediction: New High on the Horizon

At press time, SOL trades at $255.12, below the new resistance at its all-time high of $264.39. If buying pressure strengthens further, the coin’s price will flip this level into a support floor and attempt to touch a new peak.

Solana Price Analysis
Solana Price Analysis. Source: TradingView

On the other hand, if profit-taking activity resurges, SOL’s price will shed some of its current gains to trade at $231.35. Should this level fail to hand, SOL’s price will fall toward the support formed by its Super Trend indicator at $213.53. This will invalidate the possibility of a new Solana all-time high in the near term.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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WIF Shakes Off Setbacks As Bullish Resurgence Targets More Gains

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.



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Exploring Hottest New Coins: FINE, CHILLGUY, and CHILLFAM

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New coins such as FINE, launched three days ago, have seen their market cap reach $2.5 million. CHILLGUY, driven by TikTok hype, has amassed 120,000 holders and achieved $129 million in daily trading volume.

CHILLFAM, following in CHILLGUY’s footsteps, has quickly reached a $10 million market cap with a 300% price surge, showing the potential for continued interest in these emerging tokens.

This Is Fine (FINE)

FINE, launched on Pumpfun just three days ago and now graduated into Raydium, is attempting to capitalize on the growing trend of coins paired with animated video.

As of this writing, the coin boasts over 26,000 holders and a market cap of $2.5 million. However, it has experienced a steep decline, dropping more than 50%. If FINE can stabilize after this sharp drop, it may present an attractive entry point for traders eyeing a potential recovery.

FINE Price Chart and Market Data.
FINE Price Chart and Market Data. Source: Dexscreener

FINE’s RSI is 35, indicating that it is approaching the oversold zone. This suggests that selling pressure may be reaching an extreme, potentially setting the stage for a reversal or bounce if buying interest returns. However, the current bearish momentum highlights the need for caution before expecting a recovery.

Just a chill guy (CHILLGUY)

CHILLGUY, a Solana-based meme coin that gained popularity through TikTok, has quickly risen to prominence in less than a week. The coin’s rapid adoption is evident in its impressive metrics, boasting over 120,000 holders and amassing 112,000 transactions per day.

The coin’s daily trading volume has surpassed $129 million, showcasing substantial market activity and strong interest from traders. This level of engagement highlights CHILLGUY’s potential to sustain its momentum if the hype continues to drive liquidity and participation.

CHILLGUY Price Chart and Market Data.
CHILLGUY Price Chart and Market Data. Source: Dexscreener

CHILLGUY’s RSI sits at 52.3, indicating a neutral zone where neither buyers nor sellers have a dominant edge. This balanced sentiment suggests the market is stabilizing after initial volatility, leaving room for the token to move in either direction depending on future market activity and demand.

Chill Family (CHILLFAM)

CHILLFAM, inspired by the success of CHILLGUY, was launched just two days ago. With nearly 58,000 holders and a daily trading volume of $55 million, the token is gaining traction among meme coins enthusiasts on Solana.

CHILLFAM Price Chart and Market Data.
CHILLFAM Price Chart and Market Data. Source: Dexscreener

Currently boasting a $10 million market cap, CHILLFAM has surged almost 300% in 24 hours, highlighting strong early interest. If it can maintain this momentum and sustain its $10 million market cap, the coin could potentially aim for $15 million or even $20 million.

CHILLFAM’s RSI is at 43, suggesting that the token is in a slightly bearish to neutral zone. This level indicates that the recent rally may be cooling off, providing a period of consolidation. If buying interest returns, it could reignite bullish momentum and push CHILLFAM toward higher valuations.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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