ChainCatcher message, Ethereum Foundation's Justin Drake answered the question "How many years or months does the Ethereum Foundation have left before running out of funds?" during the AMA.Justin Drake shared his personal understanding: "The Ethereum Foundation's financial report is expected to be released soon. At the current price, the EF spends about $100 million per year, and the EF's main Ethereum wallet holds about $650 million. The Ethereum Foundation (EF) has a fiat reserve that can cover several years of operating funds. (This is the part I understand the least. As Aya mentioned, Ethereum sales were temporarily paused due to regulatory reasons, so the reserves were only replenished recently.) Roughly estimated, the foundation has about 10 years of funding reserves. This funding reserve will fluctuate significantly due to the volatility of Ethereum's price."

ChainCatcher message, Ethereum Foundation member Justin Drake answered the question "Does the EF think the continued appreciation of ETH assets is important?" during the AMA.Justin Drake stated: "My personal view is that the appreciation of ETH is crucial for the success of Ethereum. If ETH does not indeed become the programmable currency of the internet, Ethereum cannot become the settlement layer of the value internet. The currency premium will only increase with the scale of a particular asset (e.g., trillions of dollars). Such currency premium is needed to: underwrite trillions of dollars of decentralized stablecoins ('economic bandwidth'), provide indisputable security, even from nation-states ('economic security'), and attract the attention of all major economic participants ('economic significance')."Additionally, Justin Drake also mentioned: "The value appreciation of ETH boils down to traffic and currency premium. For traffic, the important metric is total fees, not the fee per transaction. The successful outcome for Ethereum will be 10 million transactions per second, which can provide billions of dollars in daily revenue even if the fee per transaction is below a cent. For example, $0.002/tx would provide about $2B/day in revenue. For currency premium, the important metric is the percentage of ETH used as collateral, such as underwriting DeFi."

ChainCatcher message, Ethereum Foundation member Justin Drake answered the question "Are there any further plans to expand Ethereum Layer 1?" during the AMA.Justin Drake stated: "The long-term sustainable elegant plan is to leverage SNARKs to scale L1 EVM execution without limits. Through real-time L1 EVM SNARKing, validators can verify cheap SNARKs instead of re-executing EVM transactions. In addition to the vertical scaling benefits brought by significantly increasing the L1 EVM gas limit, there is also the opportunity to use EVM-in-EVM precompiles for arbitrary horizontal scaling, allowing for cheap verification of EVM execution within EVM."

ChainCatcher news, recently, an important member of the Ethereum Foundation, Justin Drake, was a guest on the OKX Web3 and ChainCatcher launched column "Developer Stories," where he delved into various topics such as the technical improvements of Ethereum 2.0, consensus mechanisms, scalability, security, DeFi, user experience, ecosystem, environmental impact, and future development and strategy. He mentioned that in promoting ecological development, the EF (Ethereum Foundation) is often seen as "governing by doing nothing," a style that has faced some controversy. He believes that the diminishing role of the EF in the entire ecosystem is a good thing. Justin Drake stated that nowadays, the responsibilities of the EF are mainly limited to:Hosting one Devcon or Devconnect each year; they are now just one of many conferences, and there are many peripheral activities that are more important than the main venue.An execution client: Geth, one of the five execution clients, but the EF does not maintain any consensus clients.Providing funding: Offering tens of millions of dollars in unconditional funding to the broader community each year, which has led to a decrease in the EF's ETH financial reserves. In the long term, a reduction in the Ethereum Foundation's ETH holdings is a good thing; the EF currently controls 0.23% of the ETH supply, and bringing this number close to 0% over the next few decades is healthy, as it promotes the decentralization of the Ethereum ecosystem.Call coordination: Many conference calls are hosted by EF members, such as All Core Devs (ACD) hosted by Tim Beiko, All Devs Consensus (ACDC) hosted by Alex Stokes, RollCall hosted by Ansgar Dietrichs and Carl Beekhuizen, Sequencing and pre-meetings hosted by himself, and MEV-boost conference calls hosted by Alex Stokes.Research: This may still be one of the centralized areas, but it is possible that some EF research teams will become independent.Roadmap formulation: Vitalik updated the roadmap illustration, and then dozens of tasks are being developed in parallel by different teams.

ChainCatcher news, according to CoinDesk, Canadian singer Drake has placed bets of $500,000 each on the Edmonton Oilers and the Dallas Mavericks to win the Stanley Cup and the NBA Finals, respectively, and he may now lose Bitcoin worth $1 million.

ChainCatcher news, Ethereum Foundation researcher Dankrad Feist stated on X that he recently decided to become an advisor to EigenLayer alongside Justin Drake, under the same conditions, joining in a personal capacity and not representing the Ethereum Foundation, with a focus on risk and decentralization. He mentioned that he has indeed received a large amount of tokens from EigenLayer, but does not believe this will change or affect his stance on the development of the core protocol.He believes that if EigenLayer is developed by a highly trustworthy person, it will bring tremendous benefits to Ethereum. He trusts that the current leaders intend to do this and plan to hold themselves accountable for it. If he believes that this is no longer the case, he will not hesitate to speak out and/or resign.Previous news, Ethereum Foundation core researcher Justin Drake tweeted that he has recently become an advisor to the Eigen Foundation. Although serving as an advisor can yield many EIGEN token rewards, he is prepared to terminate his advisory position at any time if the direction of EigenLayer conflicts with the interests of Ethereum, and he promises to reinvest all advisory income into valuable projects within the Ethereum ecosystem, whether through investment or donation.

ChainCatcher news, Canadian famous rapper Drake promotes Bitcoin on his Instagram page, which has over 146 million followers.Drake posted a video about Michael Saylor, (it is understood that Michael Saylor is the Executive Chairman and co-founder of MicroStrategy), in which Saylor expressed the importance of Bitcoin for every investor.

ChainCatcher news, privacy payment project MobileCoin appoints Sara Drakeley as the new CEO, and Henry Holtzman will succeed Drakeley as the company's Chief Technology Officer.