ETH falls below the $4400 mark

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**[Ethereum Foundation Optimizes Ecosystem Support Program, Suspends Public Grant Applications]** The Ethereum Foundation has announced plans to optimize the focus areas and implementation pathways of the Ecosystem Support Program (ESP) and has temporarily suspended public grant applications. This adjustment aims to redesign the grant model, shifting from a reactive approach to proactive strategic deployment, while also supporting the priorities of other internal teams within the foundation. The foundation stated that although processes have been continuously optimized and efficiency improved over the past three years, the broad scope and high volume of applications in the public grant program have strained resource allocation, making it difficult to explore new strategic opportunities. Moving forward, the foundation will continue to support Ethereum public goods and accept applications, but through a new approach, with specific details to be disclosed in future announcements. The optimized focus areas and implementation pathways are expected to be unveiled in the fourth quarter of 2025.

OKX-ETH/USDT is currently trading at $4301.12, a decrease of 0.16% in 5 minutes. Please pay attention to market fluctuations.

OKX-BTC/USDT is currently trading at $109008, with a 5-minute drop of 0.18%. Please be aware of market fluctuations.

[Institutions purchased 690,710 Bitcoins this year, while only 109,072 Bitcoins were mined during the same period] According to a report by Jinse Finance, a chart published by Bitcoin Archive shows that institutions purchased 690,710 Bitcoins (BTC) this year, while only 109,072 Bitcoins (BTC) were mined during the same period—data source: Bitwise. This means the demand is six times the supply.