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Blockchain researcher and investor William Mougayar has come to the defense of the Ethereum Foundation, arguing that the public has long misunderstood its role and that it is "executing its mission precisely."Mougayar stated that ETH, the Ethereum network, and the Ethereum Foundation itself are three distinct entities: ETH is an asset, Ethereum is a shared computing infrastructure, and the Foundation is a non-profit organization responsible for driving protocol development, with one of its goals being to "gradually make the founder irrelevant."He pointed out that many critics want the Foundation to take on responsibilities like marketing ETH or attracting institutional capital, which would be akin to "expecting the IETF to run a Super Bowl ad for TCP/IP." He emphasized that the Ethereum Foundation is currently on a "subtraction path," strengthening the network by advancing protocol upgrades, funding fundamental research, and reducing its own centralized influence.Recently, the Ethereum Foundation has faced community criticism for selling ETH, unstaking, and a lack of public communication. Data shows that the Foundation has completed its third OTC sale this month to BitMine Immersion Technologies, cumulatively selling approximately 25,000 ETH worth about $47 million. Additionally, the Foundation has recently unstaked over 38,000 ETH in total, with a combined value nearing $90 million. (Cointelegraph)
According to the FTSE Russell official 2026 Russell 3000 Index preliminary addition list, BitMine has been included in the list of newly added constituents. This list will undergo several updates, with the final adjustments typically taking effect at the end of June.