Crypto Drama: Ethereum Foundation Makes a Whopping 10,000 Ether Deal!

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So, the Ethereum Foundation decided to part ways with 10,000 Ether just before it dramatically swooped back up to the glamorous $3,000 skyline. Did someone say “timing”? 📉💸

In a delightful Friday post on X (formerly known as Twitter, but let’s not go into that), the Ethereum Foundation announced that it had sold a whopping 10,000 Ether (ETH) through an over-the-counter deal for an average price of $2,572.37. As they say, hindsight is 20/20, and Ether promptly decided to flaunt a 16% increase, teasing everyone as it hung just below that enticing $3,000 mark. 🙄

“Our partner in this transaction was none other than SharpLink Gaming,” the foundation chirped, as if they’d just revealed they were on a first-name basis with the hottest new rapper. 🎤

SharpLink Gaming, in a separate announcement that felt like it could’ve been delivered with a drumroll, stated they shelled out over $25 million for all that shiny ETH. This high-stakes transaction was wrapped up on Thursday, just as Ether flitted around $2,759 to $2,981. Talk about a deal where you might want to double-check the fine print! 🤔💰

SharpLink’s Big Ether Adventure

Following this thrilling escapade, SharpLink Gaming recently strutted its stuff, announcing a grand plan for an Ethereum-based corporate treasury strategy. And yes, they even appointed Ethereum co-founder Joseph Lubin as the chairman of their board, presumably after a charming dinner. 🍽️

The company also snagged a $425 million investment deal with Consensys, which is like asking your rich uncle for a loan, but cooler. 🔄💵

In a Wednesday wisdom drop, Lubin emphasized that these Ether treasuries are absolutely vital for boosting the Ethereum ecosystem. Apparently, there’s a mountain of Ether lying around with nobody to play with it. Poor Ether, it just wants to be loved! 😢

Lubin claims it’s all about fine-tuning the supply-demand dynamics as the digital world expands. He said, “It’s going to be critical,” which sounds so much more important when you say it in a serious monologue. 🎭

Ethereum Steals the Spotlight

The drama didn’t stop there. As Bitcoin danced its way to new heights above $112,000, Ether decided to tag along, briefly flirting with $3,000 on Friday. According to Nansen data, Ether crested at a whopping $3,028—what a ride! 🎢

The price surge was fueled by eager Bitcoin and Ether investors diving into crypto exchange-traded funds (ETFs), marking their second-largest inflow ever. Ether spot ETFs delighted in a total net inflow of $383.1 million on Thursday alone. That’s a party I wouldn’t want to miss! 🎉

Next up, expectations are high for a cheeky transition from traditional block execution to zero-knowledge proofs (ZK-proofs), according to Sophia Gold from the Ethereum Foundation’s protocol support team. They’re claiming this revolutionary change is on track in a year, hopefully with fewer hiccups than a toddler learning to walk! 👶🦶

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2025-07-11 17:46