Ethereum

2024

Foundation

Drake

Raise

<p>The Ethereum Foundation (EF) is preparing to invest tens of millions of dollars into the development of <a href="https://verified-zkevm.org/" target="_blank" rel="noreferrer noopener">zkVMs (Zero Knowledge Virtual Machines)</a>. This announcement, made by EF researcher Justin Drake, marks a major step in Ethereum’s growth. At the same time, Ethereum co-founder Jeffrey Wilcke recently moved over 20,000 ETH to Kraken, raising concerns in the <a href="https://coinpedia.org/news/crypto-news-today-nov-29-2024-bitcoin-at-96k-xrp-surges-amid-lawsuit-movements/" target="_blank" rel="noreferrer noopener">cryptocurrency market. </a></p>   
<p>With Ethereum’s market slipping by 0.7% in the last 24 hours, many are wondering if the decline will continue. </p>   
<p>Let’s break down these key events to better understand what’s happening.</p>   
<h2 class="wp-block-heading" id="h-ethereum-foundation-bets-big">Ethereum Foundation Bets Big</h2>   
<p>In a post on X, Justin Drake shared that the Ethereum Foundation is set to invest tens of millions into zkVMs. The zkevm.org platform, focused on zkRISC-V formal verification, will be a key beneficiary. Additionally, Poseidon cryptanalysis and ethproofs.org will also receive funding. This investment will strengthen many areas of zkVMs, from formal verification to cryptographic analysis.</p>   
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   https://twitter.com/drakefjustin/status/1862175473196777748 
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<p><strong>Wilcke’s ETH Transfer: What Does It Mean?</strong></p>   
<p>A separate development has caught the market’s attention: Ethereum co-founder <a href="https://coinpedia.org/crypto-live-news/eth-whale-dumps-33-7m-to-coinbase/" target="_blank" rel="noreferrer noopener">Jeffrey Wilcke </a>transferred at least 20,000 ETH to Kraken yesterday. In 2024, Wilcke has sold at least 44,300 ETH, with an average sale price of $3,342.</p>   [post_titles_links postid="387041"]   
<h2 class="wp-block-heading" id="h-eth-price-trends-4k-in-sight">ETH Price Trends: $4K in Sight?</h2>   
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<p>Ethereum’s market has seen strong growth since November 5, rising by 49.59%. From November 5 to 11, the market surged by 40.55%, before experiencing a correction of 9.31%. On November 27, Ethereum reached a monthly high of $3,654.03, driven by a strong 9.86% jump in a single day. However, in the last 24 hours, the market has slipped by about 0.7%.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Curious about where Ethereum’s price is headed next? Read our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price prediction</a> to stay ahead of the market trends!&nbsp;</strong></p>   
<p>So, what’s next for Ethereum? Experts are still optimistic, with many predicting that Ethereum could reach $4,000 in this cycle.</p>   
<p><strong>Ethereum’s future seems as dynamic as ever, with innovation and market shifts keeping investors on their toes.</strong></p>

Ethereum Foundation Invests Millions in zkVM, but Why Is the Co-Founder Selling ETH?

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