William Mougayar: Ethereum Foundation's Fulfillment of Duties Should Not be Measured by Coin Price

According to Lookonchain monitoring, a newly built wallet withdrew 63800 HYPEs worth $4.06 million from Bybit.

According to the popularity ranking, HYPE's popularity has increased by 140000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① HYPE （$63.40，13.48%） ② ZEC （$637.19，7.85%） ③ BSB （$1.25，2.46%） ④ EDEN （$0.09142，-5.85%） ⑤ ETH （$2120.53，4.53%） The purchasing power of HYPE's main funds is average, with a net inflow of $1.2 billion within 24 hours and a transaction volume of $5.019 billion within 24 hours, of which the net inflow of the main funds is $26.2907 million.

According to Cointelegraph, blockchain researcher William Mougayar stated that the Ethereum Foundation has fulfilled its design responsibilities, and critics have long judged the institution with incorrect standards. Since May, the Ethereum Foundation has sold a total of 25000 ETH (approximately $47 million) and released over 38000 ETH (approximately $90 million) from staking. Mougayar emphasized that, ETH、 The Ethereum network and the Ethereum Foundation are independent entities. As a non-profit organization, the Foundation's core mission is to weaken its centralized role and strengthen the protocol, rather than raising coin prices or catering to institutions.

According to on chain data monitoring, Strategy's newly opened Ethereum long positions were all forced to close this morning, while some 40 times leveraged Bitcoin short positions were forced to close and their positions were reduced. Currently, they only hold 8.332 BTC, with an overall investment return rate of -73.05%.

El Salvador increased its holdings of 8 bitcoins last week, with a total holding of 7661.37, valued at over $588 million. （Cointelegraph）