ChainCatcher news, according to official information, the Ethereum Foundation has announced the launch of its first official summer internship program, including research internships and software engineering internships, aimed at cultivating the next generation of Ethereum developers and researchers. Participants will directly contribute to core projects in key areas such as protocol security, account abstraction, scalability research, and client development.It is reported that selected interns will be assigned a short-term project and a mentor and are expected to work independently to some extent. Applications are currently open, with a deadline of December 9, 2024. After preliminary screening, formal interviews will be conducted, and the selection notification process is expected to be completed by January 10, 2025.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, an address that obtained 200,000 ETH from the Ethereum genesis block in 2015 and received 42,600 ETH from an Ethereum Foundation associated address in 2016 transferred 5,707.9 ETH ($18.08 million) to Kraken 50 minutes ago.Since acquiring these 242,600 ETH, this address has periodically transferred some ETH to Kraken. Over the course of 8 years, a total of 221,000 ETH has been transferred to Kraken, cashing out an amount of $265.8 million, with an average selling price of $1,200. Currently, it still holds 21,000 ETH ($66.64 million).

According to ChainCatcher, The Block reported that Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade called "Beam Chain" at the Devcon conference, which the community refers to as "Ethereum 3.0."The proposal aims to achieve faster block times, lower validator staking requirements, "on-chain snarkification," and improvements in quantum security. The core of Beam Chain lies in the introduction of technologies such as zkVM, significantly enhancing the scalability of the Ethereum mainnet without relying on Layer 2 solutions. Doug Colkitt, founder of Ambient Finance, stated that the localization of zkEVM could completely eliminate gas limits, allowing nodes to only verify snarks, theoretically achieving infinite scalability for L1.Nevertheless, the proposal may lead to further centralization of block building. Drake emphasized that the final implementation of Beam Chain requires community consensus and called it his "most ambitious proposal to date." He previously resigned from his advisory position due to potential conflicts of interest with EigenLayer.

ChainCatcher news, according to The Block, Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade called "Beam Chain" at the Devcon conference, referred to by the community as "Ethereum 3.0". This proposal aims to achieve faster block times, lower validator staking requirements, "chain snarkifaction", and quantum-safe improvements. The core of Beam Chain lies in the introduction of technologies like zkVM, significantly enhancing the scalability of the Ethereum mainnet, potentially without relying on Layer 2 solutions.Doug Colkitt, founder of Ambient Finance, stated that the localization of zkEVM could completely eliminate gas limits, allowing nodes to only verify snarks, theoretically achieving infinite scalability for L1. Nevertheless, this proposal may lead to further centralization of block building.Drake emphasized that the final implementation of Beam Chain requires community consensus and called it his "most ambitious proposal to date." He previously resigned from his advisory position due to potential conflicts of interest with EigenLayer.

ChainCatcher news, according to monitoring by Spot On Chain, the Ethereum Foundation sold 100 ETH about 25 minutes ago for 334,315.7 DAI. This is the first ETH sale since the release of the 2024 report on November 8. The report shows that the foundation's asset reserves were $970.2 million as of October 31, with $788.7 million in crypto assets (99.45% being ETH).The Ethereum Foundation plans to regularly sell ETH to fund key public projects and maintain reserves. As of 2024, the foundation has sold a total of 4,266 ETH, raising $11.83 million, with an average sale price of approximately $2,773.

ChainCatcher message, the Ethereum Foundation released its 2024 report stating that as of October 31, 2024, the EF (Ethereum Foundation) has asset reserves of approximately $970.2 million, of which $788.7 million is in crypto assets and $181.5 million is in non-crypto investments and assets.Most of our crypto holdings (99.45%) are held in the form of ETH. These ETH represent 0.26% of the total ETH supply as of October 31, 2024. We have chosen to hold the majority of our reserves in the form of ETH. The Ethereum Foundation believes in the potential of Ethereum, and our ETH holdings reflect this long-term perspective. At the same time, the goal of the EF asset reserves is to provide funding support for important public goods in the Ethereum ecosystem for the coming years.To achieve this goal, we must adhere to a conservative fiscal management policy to ensure that there are sufficient resources even during years of market downturns. This requires regularly selling ETH to ensure adequate reserves for the coming years and increasing our fiat reserves as planned during bull markets to fund expenditures during bear markets.

ChainCatcher news, the Ethereum Foundation members have established a non-profit research and development group called Argot Collective, aimed at maintaining free and independent software related to Ethereum. The founding members of the organization consist of about 25 current employees of the Ethereum Foundation, and the project will initially focus on smart contracts and verification services.

ChainCatcher message, according to PeckShieldAlert monitoring, an address marked as the Ethereum Foundation has exchanged 100 ETH for 270,000 DAI in the past 10 hours, and then transferred 100,000 DAI cross-chain to the Arbitrum network, with the receiving address being 0xB659...BAe98.

ChainCatcher news, according to Ember monitoring, the Ethereum Foundation has sold ETH again after a week. Half an hour ago, the address used by the Ethereum Foundation for small high-frequency sales of ETH sold 100 ETH at a price of $2708, exchanging it for 270,800 DAI.

ChainCatcher news, according to Cointelegraph, based on Kaito AI data cited by Andy, the host of the crypto show The Rollup, "wartime status" Ethereum co-founder Vitalik ranks first with 1.69% of the "thought leader mind share" in the past seven days, followed closely by Helius Labs CEO Mert Mumtaz, who holds 1.18%.Previous report, Vitalik recently published a lengthy article on the X platform defending the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism, achieve low fees, under 30 seconds transaction confirmations, zero-knowledge proof privacy features, and keep the network running uninterrupted since 2016.He also urged critics to "show some respect." When asked why the Ethereum Foundation does not use all ETH for staking to cover costs through earnings instead of selling, Vitalik explained that the Ethereum Foundation wants to avoid being forced into an "official choice" during controversial hard fork events.However, Vitalik stated that the Ethereum Foundation is exploring other staking participation methods, including issuing grants in the form of staked ETH, allowing grant recipients to control withdrawal timing and retain earnings. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.

ChainCatcher message, Vitalik Buterin clarified on X regarding the Ethereum Foundation selling ETH: "The foundation is compensating researchers and developers responsible for the following:Ethereum will not spend 5 million ETH annually on proof of work;User fees are currently very low;Transactions can be completed in 30 seconds, instead of 1-30 minutes (EIP 1559)."

ChainCatcher message, regarding the question "Why doesn't the Ethereum Foundation stake its ETH holdings and only uses income to cover costs," Vitalik Buterin responded on X, stating: "One internal reason is that we do not want to be forced to make an 'official choice' in a controversial hard fork event.Around this issue, an interesting idea is being considered, which is to provide some grants in the form of 'you can stake our ETH, you can choose how to stake it, as long as it is ethical and maintains upward momentum.'Another way to address this issue is to spread legitimacy and resources to more stakeholders, so that multiple organizations can credibly represent Ethereum in the eyes of the public. In this regard, our situation is much better than it was two years ago."

According to ChainCatcher news and monitored by Scopescan, the Ethereum Foundation address shows that they now control 271,000 ETH (670 million USD). With the current staking APR of 3.1%, these assets can generate an annual income of 8,400 ETH (20.8 million USD), which is higher than the value they directly sell on-chain.

According to ChainCatcher news and monitored by Scopescan, the Ethereum Foundation sold 4,066 ETH (approximately 11.24 million USD) directly on-chain through CoWSwap, divided into 37 transactions. The first swap occurred on January 2, and the last swap took place on October 23.Additionally, a related address received 51,251 ETH from the Ethereum Foundation on November 17, 2015, and has deposited 2,580 ETH (6.24 million USD) to Bitstamp and Kraken in the past two months, with an average transfer price of 2,417 USD.The Ethereum Foundation may have sold a total of 6,646 ETH this year, worth over 17 million USD.

ChainCatcher news, the secure blockchain application standard OpenZeppelin has been funded by the Ethereum Foundation. The official statement indicates that this grant will enable them to add a modular ERC-4337 implementation, advancing account abstraction and helping developers build safer applications and more flexible smart wallets. In addition, the team will introduce new signature schemes, such as secp256r1, BLS, and RSA, thereby providing broader cryptographic support.

ChainCatcher news, according to Spot on Chain monitoring, the Ethereum Foundation sold 100 ETH (approximately $257,000) again 15 minutes ago.