The roughly $43-million Ether sale will be one of the latest actions by the foundation following the rollout of its treasury policy in June. The Ethereum Foundation (EF) has announced another sale worth about $43 million in Ether as part of efforts to fund research and development, grants, and donations related to the ecosystem. In a Tuesday X post, the foundation said it planned to convert 10,000 Ether (ETH) using centralized exchanges “over several weeks.” The group said the conversion intended to fund its work “will take place over multiple smaller orders, rather than as a single large transaction.” The sale comes after the foundation temporarily paused open grant applications applications on Friday as part of an effort to overhaul its grant process. As of the first quarter of 2025, EF said it had distributed more than $32 million in grants, including those for community and education. Read more
Backed by Wall Street heavyweights, Anthropic’s soaring valuation comes after it closed a $13 billion Series F, reflecting the mainstreaming of AI. AI company Anthropic, the developer of the Claude family of large language models, has reached a $183 billion valuation following its latest funding round — a dramatic increase from the start of the year that underscores the accelerating growth of AI applications. The company disclosed Tuesday that it closed a $13 billion Series F round co-led by venture firms ICONIQ Capital, Fidelity Management & Research Company and Lightspeed Venture Partners. Some of North America’s most prominent investors also joined the raise, reflecting the surge in institutional interest in artificial intelligence as a disruptive technology. Read more
The Solana overhaul is expected to decrease transaction finality to 150 milliseconds — increasing the speed by about 100-fold. After a two-week governance process in which more than half of validators cast votes, Solana is set to be upgraded using the Alpenglow consensus protocol. According to the results of the governance process released on Tuesday, more than 98% voted yes to approve the new consensus protocol for Solana, with a 52% stake participating. The Alpenglow upgrade is expected to reduce the transaction finality to 150 milliseconds from more than 12 seconds, significantly overhauling the ecosystem. Read more
CleanCore’s pivot to Dogecoin is being spearheaded by its newly appointed board chairman, Alex Spiro, a longtime attorney for Elon Musk. CleanCore Solutions, a Nebraska-based maker of aqueous ozone cleaning systems, saw its shares plunge over 60% Tuesday after announcing plans to become a Dogecoin treasury company. The company disclosed a $175 million private placement backed by over 80 institutional and crypto-native investors, including Pantera, GSR, FalconX and Borderless. Proceeds will be used to acquire Dogecoin (DOGE) as CleanCore’s primary reserve asset, with the initiative led by newly appointed board Chairman Alex Spiro, Elon Musk’s longtime attorney. Read more