Ethereum Community Foundation raises millions, aims for $10K ETH: ‘You deserve better!’
2025-07-02 06:46:49
Main Idea
The Ethereum Community Foundation (ECF) aims to boost Ethereum's price to $10K by funding infrastructure that drives value to ETH stakeholders, focusing on projects that increase ETH burn and improve Ethereum's core infrastructure.
Key Points
1. The ECF was launched to support Ethereum's growth and address gaps left by the Ethereum Foundation, with a mandate to prioritize ETH's price appreciation.
2. Zak Cole of the ECF emphasized Ethereum's role as the backbone of decentralized finance and stablecoins, calling ETH's rise to $10K a 'requirement'.
3. The ECF plans to fund credibly neutral, immutable, and tokenless infrastructure, including initiatives like the Ethereum Validator Association, to drive ETH's value.
4. Despite Ethereum's dominance in DeFi (55% TVL share), its price has struggled against Bitcoin, with ETH/BTC in a downtrend for nearly 30 months.
5. The ECF's first initiative focuses on giving Ethereum validators a say in development, leveraging staked ETH to advance the ecosystem.
Description
Price appreciation of ETH is the key mandate for the Ethereum Community Foundation, declared Zak Cole.
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