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【Ethereum Major News】The Foundation Officially Announces Staking 70,000 ETH, Significantly Alleviating Long-term Selling Pressure
The Ethereum Foundation has officially announced that all 70,000 ETH (approximately $128 million) in its treasury will be staked. The first batch of 2,016 ETH has been staked, and the remaining will be completed in batches.
The rewards generated from staking will be fully returned to the treasury to support the development of the Ethereum ecosystem, fundamentally changing the previous "selling tokens to support operations" model. This will greatly reduce long-term selling pressure on ETH in the secondary market and also serve as an official endorsement of Ethereum's long-term value.
Additionally, the Ethereum Cancun upgrade has been scheduled for March 13th mainnet launch. The core EIP-4844 will significantly reduce Layer 2 transaction costs, and ecosystem growth expectations continue to heat up. $BTC $ETH