The Ethereum Foundation, that most enigmatic of entities, has withdrawn more than 21,000 ETH from Lido staking, a move as perplexing as a Tolstoyan epiphany in a world of algorithmic whims. Weeks after their earlier unstaking antics and a series of OTC treasury sales, the Foundation’s actions have drawn the scrutiny of crypto-watchers, who now ponder whether this is a calculated maneuver or a desperate attempt to stave off the inevitable.
the Foundation’s ever-growing appetite for liquidity.
Separately, the foundation recently confirmed progress tied to Ethereum’s upcoming “Glamsterdam” update after establishing a 200 million gas limit floor. According to earlier reporting from crypto.news, the change could increase throughput significantly from Ethereum’s current 60 million gas limit environment-a technical marvel, though one wonders if it’s enough to keep the Foundation’s coffers from overflowing.
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2026-05-12 14:30