Ethereum Foundation Shifts Strategy with 70,000 ETH Staking

The Ethereum Foundation's decision to stake 70,000 ETH and become a network validator marks a significant shift in its strategy. The foundation had previously funded its development by regularly selling ETH, which had fueled criticism.

By staking the ETH, the foundation is now participating directly in Ethereum's Proof-of-Stake mechanism, securing the network, proposing blocks, and receiving rewards. This move sends a clear signal that the foundation is no longer staying on the sidelines and is getting involved at the heart of the consensus.

The staking of 70,000 ETH has several effects, including the potential reduction in selling pressure, decrease in short-term liquid supply, and generation of native ETH yield. This decision influences the perception of crypto investors and changes the narrative around Ethereum, suggesting a more active management consistent with the network's economic model.

The foundation's repositioning can consolidate trust around Ethereum, stabilize its image after criticism related to past sales, and strengthen coherence between governance and infrastructure.