Ethereum Foundation Blog
Ethereum Foundation Treasury Policy | Ethereum Foundation Blog
*Thank you to the EFers that provided valuable input and feedback to the draft document: Bastian Aue, Vitalik Buterin, Bogdan Popa, Tomasz Stańczak, Fredrik...
Ethereum Foundation to Sell ETH Less Frequently and Focus on ‘Cypherpunk’ Values
The Ethereum Foundation (EF) has unveiled a new treasury and spending management strategy. The organization plans to reduce annual expenditures and focus its support on the ecosystem during critical periods. The foundation believes that 2025–2026 will be a “turning point” for Ethereum.
Key changes:
▫️ Spending reduction. EF aims to lower its annual spending from the current 15% of total assets to 5% by 2030. ETH will only be sold if fiat reserves fall below the equivalent of 2.5 years of the budget.
▫️ Generating yield through DeFi. Treasury assets will be allocated to staking, lending protocols, real-world asset (RWA) solutions, and other onchain tools.
▫️ Defipunk principles. The foundation will prioritize privacy, decentralization, and open-source criteria when selecting projects to support — principles inspired by the cypherpunk manifesto.
▫️ Transparency. Starting in 2025, EF will publish regular reports on ETH sales and its asset structure.
As of October 2024, the foundation held $970 million in assets — $788.7 million in cryptocurrencies and $181.5 million in traditional instruments. The new strategy aims to strengthen the foundation’s role as an “institutional guarantor” of Ethereum’s development.
The Ethereum Foundation (EF) has unveiled a new treasury and spending management strategy. The organization plans to reduce annual expenditures and focus its support on the ecosystem during critical periods. The foundation believes that 2025–2026 will be a “turning point” for Ethereum.
Key changes:
▫️ Spending reduction. EF aims to lower its annual spending from the current 15% of total assets to 5% by 2030. ETH will only be sold if fiat reserves fall below the equivalent of 2.5 years of the budget.
▫️ Generating yield through DeFi. Treasury assets will be allocated to staking, lending protocols, real-world asset (RWA) solutions, and other onchain tools.
▫️ Defipunk principles. The foundation will prioritize privacy, decentralization, and open-source criteria when selecting projects to support — principles inspired by the cypherpunk manifesto.
▫️ Transparency. Starting in 2025, EF will publish regular reports on ETH sales and its asset structure.
As of October 2024, the foundation held $970 million in assets — $788.7 million in cryptocurrencies and $181.5 million in traditional instruments. The new strategy aims to strengthen the foundation’s role as an “institutional guarantor” of Ethereum’s development.
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How the Current Crypto Bull Run Differs from Previous Cycles
Analysts at the CryptoQuant platform have compared the current market cycle with the bull phases of 2017 and 2021. In their assessment, the market behavior in 2024–2025 displays characteristics not typical of previous growth periods.
▫️ 2017: Growth was steady with brief corrections. In the second half of the cycle, the market experienced a prolonged decline lasting 7–8 months — comparable in length to the correction seen in 2024.
▫️ 2021: The cycle began with a prolonged decline during the pandemic, followed by a sustained rally with minimal pullbacks.
▫️ 2024–2025: The market has gone through a series of short-term rallies and two sharp pullbacks (March–November 2024 and January–April 2025). Altcoins have underperformed especially noticeably, adding to bearish sentiment among market participants.
According to analysts, the current cycle shows signs of artificial market pressure. The post-rally pullbacks may be the result of actions by large players aiming to cool down an overheated market and prolong the bull phase.
On-chain metrics also show that the market structure now differs from past cycles. Previously, the final rally stage was accompanied by active coin movement and selling. Now, however, most bitcoins remain untouched, with holders opting to accumulate rather than sell. This makes it harder to determine the market's current phase, but CryptoQuant suggests the cycle may still end with a euphoric surge and the formation of a significant market bubble.
Analysts at the CryptoQuant platform have compared the current market cycle with the bull phases of 2017 and 2021. In their assessment, the market behavior in 2024–2025 displays characteristics not typical of previous growth periods.
▫️ 2017: Growth was steady with brief corrections. In the second half of the cycle, the market experienced a prolonged decline lasting 7–8 months — comparable in length to the correction seen in 2024.
▫️ 2021: The cycle began with a prolonged decline during the pandemic, followed by a sustained rally with minimal pullbacks.
▫️ 2024–2025: The market has gone through a series of short-term rallies and two sharp pullbacks (March–November 2024 and January–April 2025). Altcoins have underperformed especially noticeably, adding to bearish sentiment among market participants.
According to analysts, the current cycle shows signs of artificial market pressure. The post-rally pullbacks may be the result of actions by large players aiming to cool down an overheated market and prolong the bull phase.
On-chain metrics also show that the market structure now differs from past cycles. Previously, the final rally stage was accompanied by active coin movement and selling. Now, however, most bitcoins remain untouched, with holders opting to accumulate rather than sell. This makes it harder to determine the market's current phase, but CryptoQuant suggests the cycle may still end with a euphoric surge and the formation of a significant market bubble.
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Bitcoin Network Activity Drops to Lowest Level Since October 2023
▫️The number of transactions on the Bitcoin network has fallen to levels not seen in nearly 19 months, despite BTC prices remaining near all-time highs. According to The Block, the average number of daily transactions over the past week dropped to 317,000, with only 256,000 transactions processed on June 1 — the lowest since October 2023.
▫️With activity declining, miners have begun including transactions with minimal fees, even below the standard threshold of 1 satoshi per byte. For instance, one such transaction spent nearly a month in the mempool before being included in a block with a fee of just $0.01.
▫️Currently, the Bitcoin Core developer community is debating how to handle such transactions. A group of 31 developers published an open letter urging against blocking “non-standard” and low-fee transactions, provided miners are willing to include them. They argue that filtering these transactions undermines Bitcoin’s decentralized and censorship-resistant principles.
However, some in the community warn that this approach could encourage spam transactions — including formats like runes or ordinals — potentially hurting the network’s overall efficiency.
▫️The number of transactions on the Bitcoin network has fallen to levels not seen in nearly 19 months, despite BTC prices remaining near all-time highs. According to The Block, the average number of daily transactions over the past week dropped to 317,000, with only 256,000 transactions processed on June 1 — the lowest since October 2023.
▫️With activity declining, miners have begun including transactions with minimal fees, even below the standard threshold of 1 satoshi per byte. For instance, one such transaction spent nearly a month in the mempool before being included in a block with a fee of just $0.01.
▫️Currently, the Bitcoin Core developer community is debating how to handle such transactions. A group of 31 developers published an open letter urging against blocking “non-standard” and low-fee transactions, provided miners are willing to include them. They argue that filtering these transactions undermines Bitcoin’s decentralized and censorship-resistant principles.
However, some in the community warn that this approach could encourage spam transactions — including formats like runes or ordinals — potentially hurting the network’s overall efficiency.
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🇵🇾 Paraguayan President’s Account Hacked, Fake Post About Bitcoin Recognition Published
The X (formerly Twitter) account of Paraguay’s President Santiago Peña was hacked, and a message in English was posted in his name claiming that Bitcoin had been recognized as an official payment method in the country.
The post also included a phrase stating that "the scale of the launch depends on user investments today," along with a Bitcoin wallet address for transfers. No incoming transactions to the wallet have been recorded.
The president’s administration and the official account of the Paraguayan government confirmed that the account had been compromised. As of the time of publication, the post remains available.
The X (formerly Twitter) account of Paraguay’s President Santiago Peña was hacked, and a message in English was posted in his name claiming that Bitcoin had been recognized as an official payment method in the country.
The post also included a phrase stating that "the scale of the launch depends on user investments today," along with a Bitcoin wallet address for transfers. No incoming transactions to the wallet have been recorded.
The president’s administration and the official account of the Paraguayan government confirmed that the account had been compromised. As of the time of publication, the post remains available.
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Detective ZachXBT Warns Crypto Crime Is Spinning Out of Control
▫️ $5–10 billion in stolen funds are circulating on Tron.
▫️ Protocols profit from transaction fees of illicit funds without taking action.
▫️ Influencers & KOLs face no consequences for scamming followers and projects.
▫️ Legal systems favor hackers due to regulatory loopholes.
▫️ The potential long-term consequences are deeply concerning.
▫️ $5–10 billion in stolen funds are circulating on Tron.
▫️ Protocols profit from transaction fees of illicit funds without taking action.
▫️ Influencers & KOLs face no consequences for scamming followers and projects.
▫️ Legal systems favor hackers due to regulatory loopholes.
▫️ The potential long-term consequences are deeply concerning.
X (formerly Twitter)
ZachXBT (@zachxbt) on X
The crime supercycle is indeed very real.
While it’s true the industry has historically been ripe for abuse it has noticeably increased since politicians launched meme coins and numerous court ca…
While it’s true the industry has historically been ripe for abuse it has noticeably increased since politicians launched meme coins and numerous court ca…
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Volume of Cryptocurrency Trading in Korean Won Nearly Catches Up to Dollar-Denominated Trading
📰 In 2025, the volume of cryptocurrency transactions in Korean won (KRW) reached $663 billion, according to the analytical company Kaiko. This is nearly equivalent to the volume traded in U.S. dollar pairs (excluding transactions with stablecoins such as USDT), making South Korea the world's second-largest cryptocurrency market.
📰 According to the company's data, nearly one in three adults in Korea owns digital assets, which is twice the rate observed in the United States. However, the development of the institutional sector in the country is hindered by the low popularity of stablecoins, the fragmentation of trading platforms, and the persistent "kimchi premium" — the price difference between local and global markets.
📰 The top five most popular fiat currencies on cryptocurrency exchanges also include the euro, the Turkish lira, and the British pound sterling, though their trading volumes are significantly lower than those of the dollar and the won. At the same time, the majority of liquidity still comes from stablecoins.
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X (formerly Twitter) will introduce trading.
And this is just the beginning of its transformation into a 'super app.' According to CEO Linda Yaccarino, the expansion into financial services may include the launch of credit or debit cards.
And this is just the beginning of its transformation into a 'super app.' According to CEO Linda Yaccarino, the expansion into financial services may include the launch of credit or debit cards.
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Changpeng Zhao (CZ): "Until a New Record is Set, Everything is Just a Dip"
✏ Binance founder Changpeng Zhao (CZ) commented on the crypto market downturn, urging investors to focus on the long term. "By definition, any movement below the all-time high (ATH) is just a dip," he wrote on X.
✏ According to him, the key question is whether a given token can reclaim its ATH.
Zhao believes only a few "strong" tokens are capable of this. He advises focusing on coins with long-term growth potential and the ability to maintain their market position.
Zhao believes only a few "strong" tokens are capable of this. He advises focusing on coins with long-term growth potential and the ability to maintain their market position.
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Democratic Senator Demands Ban on Trump and Officials Promoting Cryptocurrencies
📰 United States Senator Adam Schiff of the Democratic Party has introduced a bill aimed at prohibiting government officials and their family members from participating in the issuance or promotion of cryptocurrency assets. The restrictions apply to the President, Vice President, members of Congress, and their immediate relatives.
✏ The document, titled the COIN Act (Curbing Officials’ Income and Nondisclosure), imposes a ban on the issuance, promotion, and sponsorship of digital assets, including memecoins, NFTs, and stablecoins. The restrictions will be in effect 180 days before and for two years after the end of an official's term.
⚙️ Schiff stated that cryptocurrency projects associated with Donald Trump raise serious ethical, legal, and constitutional concerns regarding the monetization of presidential power.
🔎 "We need much stricter oversight of the President’s financial ties to prevent him or anyone else from personally profiting from such schemes," the senator declared.
▪️The Trump-linked company World Liberty Financial has been gaining increasing prominence in the crypto market. According to the latest financial reports, in 2024, Donald Trump personally earned $57.35 million from the sale of the project’s tokens.
During a gala dinner organized by Trump’s team for the largest holders of the TRUMP memecoin, a protest took place, with participants holding signs bearing slogans such as "Stop crypto-corruption." In a comment to the media, the President’s son, Eric Trump, called the protesters "paid actors."
▪️The Trump-linked company World Liberty Financial has been gaining increasing prominence in the crypto market. According to the latest financial reports, in 2024, Donald Trump personally earned $57.35 million from the sale of the project’s tokens.
During a gala dinner organized by Trump’s team for the largest holders of the TRUMP memecoin, a protest took place, with participants holding signs bearing slogans such as "Stop crypto-corruption." In a comment to the media, the President’s son, Eric Trump, called the protesters "paid actors."
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solscan.io
Melania Meme (MELANIA) | $0.1093 | Solscan
Melania Meme (MELANIA) Token Tracker on Solscan shows the price of the Token $0.1093, total supply 999,996,240.93, and updated information of the token The token tracker page also shows the analytics and historical data
Melania Trump’s Memecoin Team Sells $35M Worth of Tokens
▪️According to Lookonchain, wallets linked to the MELANIA memecoin team withdrew approximately 82.2 million tokens (8.2% of the total supply) (source: Solscan). The sales took place over four months from 44 different wallets, generating total proceeds of 244,934 SOL (~$35.76 million).
▪️Most of the tokens were sold through liquidity addition and withdrawal tactics. This means the owners first deposited MELANIA into SOL trading pools to create the illusion of market activity and support, then later withdrew the liquidity—taking back the invested SOL and securing profits in the process.
▪️According to Lookonchain, wallets linked to the MELANIA memecoin team withdrew approximately 82.2 million tokens (8.2% of the total supply) (source: Solscan). The sales took place over four months from 44 different wallets, generating total proceeds of 244,934 SOL (~$35.76 million).
▪️Most of the tokens were sold through liquidity addition and withdrawal tactics. This means the owners first deposited MELANIA into SOL trading pools to create the illusion of market activity and support, then later withdrew the liquidity—taking back the invested SOL and securing profits in the process.
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The Block
Tether CEO predicts one trillion AI agents will use Bitcoin and USDT for transactions within 15 years
Speaking on The Block’s Big Brain podcast, Ardoino said AI bots will need self-custodial wallets and will likely rely on USDT and Bitcoin for machine-to-machine payments.
Tether CEO Predicts 1 Trillion AI Agents Will Use Bitcoin and USDT Within 15 Years
▪️The CEO of Tether believes that up to 1 trillion AI agents could soon utilize Bitcoin and USDT for transactions among themselves.
▪️According to his vision, each AI agent will operate its own non-custodial wallet, as traditional banks like JPMorgan are unlikely to provide accounts for autonomous bots.
▪️The CEO of Tether believes that up to 1 trillion AI agents could soon utilize Bitcoin and USDT for transactions among themselves.
▪️According to his vision, each AI agent will operate its own non-custodial wallet, as traditional banks like JPMorgan are unlikely to provide accounts for autonomous bots.
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Amid record-high inflation, the plummeting value of the boliviano, and dollar shortages, small businesses in Cochabamba, Bolivia are increasingly switching to cryptocurrency payments.
▪️The city is installing crypto ATMs, with café owners and beauty salons now accepting Bitcoin (BTC) payments - even offering discounts for crypto transactions. Locals are using Binance accounts to pay for everyday purchases, including simple fried chicken meals.
▪️With daily USDT transaction volumes reaching $600,000, cryptocurrencies are effectively replacing the national currency in daily commerce.
▪️The city is installing crypto ATMs, with café owners and beauty salons now accepting Bitcoin (BTC) payments - even offering discounts for crypto transactions. Locals are using Binance accounts to pay for everyday purchases, including simple fried chicken meals.
▪️With daily USDT transaction volumes reaching $600,000, cryptocurrencies are effectively replacing the national currency in daily commerce.
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Europol
Crypto investment fraud ring dismantled in Spain after defrauding 5 000 victims worldwide – Fraudsters laundered EUR 460 million…
On 25 June 2025, the Spanish Guardia Civil, with the support of Europol and law enforcement from Estonia, France and the United States of America, arrested five members of a criminal network engaged in cryptocurrency investment fraud.
Spanish Police, Backed by Europol, Uncover $540M Global Crypto Scam
Key Details:
Fraud Scale: $540 million stolen from over 5,000 victims worldwide
Scheme: Investors were tricked into funding fictitious cryptocurrency projects
Operation Span: Active since 2023 across Spain, Estonia, France and the United States
Investigation Highlights:
The joint operation between Spanish authorities and Europol's cybercrime unit successfully dismantled this sophisticated international fraud network. Scammers used professional-looking platforms and false investment promises to lure victims, many of whom lost their life savings.
Key Details:
Fraud Scale: $540 million stolen from over 5,000 victims worldwide
Scheme: Investors were tricked into funding fictitious cryptocurrency projects
Operation Span: Active since 2023 across Spain, Estonia, France and the United States
Investigation Highlights:
The joint operation between Spanish authorities and Europol's cybercrime unit successfully dismantled this sophisticated international fraud network. Scammers used professional-looking platforms and false investment promises to lure victims, many of whom lost their life savings.
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