The post Ethereum Foundation Converts $4.5M ETH to Stablecoins appeared on BitcoinEthereumNews.com. The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives.  The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Source: Ethereum Foundation This latest conversion follows EF’s earlier disclosure in September that it planned to convert 10,000 ETH into stablecoins over several weeks. However, Friday’s transaction appears to be separate from that initiative, given its smaller scale and use of CoW Swap rather than a centralized exchange. According to the Ethereum Foundation Treasury Policy, EF seeks to “balance between seeking returns above a benchmark rate and extending EF’s role as a steward of the Ethereum ecosystem, with a particular focus on DeFi.” The increased use of stablecoins also comes as EF temporarily paused open grant submissions to its Ecosystem Support Program, citing an influx of applications. The foundation said it will instead prioritize funding for the network’s most pressing needs. In April, EF also announced a leadership restructuring to improve strategic and operational management. The foundation appointed Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, both of whom previously held roles within EF. In June, the foundation laid off staff and restructured its core development team. Related: ‘Vitalik: An Ethereum Story’ is less about crypto and more about being human Vitalik Buterin doubles down on DeFi Since its launch, Ethereum has remained the leading platform for DeFi applications. Despite growing competition from other blockchain networks, Ethereum still accounts for roughly 68%… The post Ethereum Foundation Converts $4.5M ETH to Stablecoins appeared on BitcoinEthereumNews.com. The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives.  The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Source: Ethereum Foundation This latest conversion follows EF’s earlier disclosure in September that it planned to convert 10,000 ETH into stablecoins over several weeks. However, Friday’s transaction appears to be separate from that initiative, given its smaller scale and use of CoW Swap rather than a centralized exchange. According to the Ethereum Foundation Treasury Policy, EF seeks to “balance between seeking returns above a benchmark rate and extending EF’s role as a steward of the Ethereum ecosystem, with a particular focus on DeFi.” The increased use of stablecoins also comes as EF temporarily paused open grant submissions to its Ecosystem Support Program, citing an influx of applications. The foundation said it will instead prioritize funding for the network’s most pressing needs. In April, EF also announced a leadership restructuring to improve strategic and operational management. The foundation appointed Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, both of whom previously held roles within EF. In June, the foundation laid off staff and restructured its core development team. Related: ‘Vitalik: An Ethereum Story’ is less about crypto and more about being human Vitalik Buterin doubles down on DeFi Since its launch, Ethereum has remained the leading platform for DeFi applications. Despite growing competition from other blockchain networks, Ethereum still accounts for roughly 68%…

Ethereum Foundation Converts $4.5M ETH to Stablecoins

The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives. 

The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary.

Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH.

Source: Ethereum Foundation

This latest conversion follows EF’s earlier disclosure in September that it planned to convert 10,000 ETH into stablecoins over several weeks. However, Friday’s transaction appears to be separate from that initiative, given its smaller scale and use of CoW Swap rather than a centralized exchange.

According to the Ethereum Foundation Treasury Policy, EF seeks to “balance between seeking returns above a benchmark rate and extending EF’s role as a steward of the Ethereum ecosystem, with a particular focus on DeFi.”

The increased use of stablecoins also comes as EF temporarily paused open grant submissions to its Ecosystem Support Program, citing an influx of applications. The foundation said it will instead prioritize funding for the network’s most pressing needs.

In April, EF also announced a leadership restructuring to improve strategic and operational management. The foundation appointed Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, both of whom previously held roles within EF. In June, the foundation laid off staff and restructured its core development team.

Related: ‘Vitalik: An Ethereum Story’ is less about crypto and more about being human

Vitalik Buterin doubles down on DeFi

Since its launch, Ethereum has remained the leading platform for DeFi applications. Despite growing competition from other blockchain networks, Ethereum still accounts for roughly 68% of total value locked (TVL) across DeFi platforms, according to industry data.

While Ethereum’s dominance in DeFi has declined since 2021, it remains the leading platform in the sector. Source: DefiLlama

Ethereum co-founder Vitalik Buterin recently reiterated the network’s focus on decentralized finance, arguing that “low-risk” DeFi applications could help create more sustainable revenue for the ecosystem, similar to how Google Search underpins Google’s business model.

“Low-risk DeFi can play a similar role for Ethereum,” Buterin wrote, pointing to “the basic functions of payments and savings, and well-understood tools like synthetic assets and fully collateralized lending.”

Magazine: ETH co-founder moves $6M of ETH, crypto index ETF expands: Hodler’s Digest, Sept. 21 – 27

Source: https://cointelegraph.com/news/ethereum-foundation-converts-eth-stablecoins-cow-swap?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Cathie Wood: Early Life and Net Worth – The Vision Behind ARK Invest and the Future of Innovation

Cathie Wood: Early Life and Net Worth – The Vision Behind ARK Invest and the Future of Innovation

Cathie Wood’s vision shapes the future of disruptive innovation investments. ARK Invest pioneers the future of technology through strategic investment leadership. Cathie Wood’s wealth reflects her bold bets on transformative technologies. Cathie Wood is revolutionizing the world of finance and investment with her bold approach to disruptive innovation. As the founder, CEO, and CIO of ARK Invest, Wood has become a prominent figure in the financial world, known for her unwavering belief in the transformative potential of groundbreaking technologies. Her work is reshaping how investors view sectors such as artificial intelligence (AI), robotics, electric vehicles, and genomics. Wood’s influence extends beyond managing one of the most influential investment firms in the world—she is helping to pioneer a new approach to investing, where innovation is at the core. 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By 2014, with years of experience under her belt, Wood decided to pursue her vision independently by founding ARK Invest. The Birth of ARK Invest: A New Era of Disruptive Innovation In 2014, Wood founded ARK Invest with the bold vision of building a firm that focused on investing in disruptive innovation. Unlike traditional investment firms, ARK Invest takes an active approach to identifying and investing in technologies that have the potential to change industries and societies. ARK’s unique approach involves significant research into emerging technologies and their long-term impact, enabling the firm to anticipate trends and build a diversified portfolio of future-focused assets. ARK Invest has become widely known for its ability to invest in and nurture companies that are leading the way in industries like electric vehicles, autonomous driving, gene editing, and artificial intelligence. 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ARK Invest is known for its actively managed exchange-traded funds (ETFs) that focus on high-growth sectors. 3. What is Cathie Wood’s net worth? As of 2025, Cathie Wood’s estimated net worth is $6.5 billion, primarily derived from her investments in disruptive technologies and her ownership stake in ARK Invest. 4. What is Cathie Wood’s investment philosophy? Cathie Wood’s investment philosophy centers on identifying and investing in disruptive technologies that have the potential to transform industries and societies. She focuses on five key areas: artificial intelligence, energy storage, robotics, DNA sequencing, and blockchain. 5. How has Cathie Wood influenced the investment world? Cathie Wood has redefined how investors approach disruptive technologies, advocating for a long-term investment strategy that embraces high-growth, transformative companies. Her leadership at ARK Invest has made her a key figure in shaping the future of technology and finance. Also Read: Joe Lubin: Early Life and Net Worth – The Vision Behind Consensys and Ethereum The post Cathie Wood: Early Life and Net Worth – The Vision Behind ARK Invest and the Future of Innovation appeared first on 36Crypto.
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