The Ethereum Foundation unstaked over 17,000 ETH worth $40M shortly after approaching its 70,000 ETH staking target. The Ethereum Foundation has moved to unwind part of its staking position shortly after nearing its stated goal of 70,000 staked ETH. On Saturday, the Ethereum Foundation unstaked 17,035.326 ETH, worth roughly $40 million, according to Arkham data. The move involved depositing wrapped staked ETH (wstETH) into Lido’s unstETH contract, with ETH expected to be returned once the withdrawal queue completes. In Ethereum, unstaking is the process of withdrawing ETH that was previously locked to help secure the network through validators. When ETH is staked, it’s deposited into the Ethereum Beacon Chain, where it remains locked while earning rewards. To unstake, a withdrawal request is initiated, and the funds enter a queue period after which the funds are released. Read more
TRUMP memecoin fell nearly 10% in 24 hours despite a Mar-a-Lago investor gala, with the token still down over 96% from its peak. Donald Trump’s official TRUMP memecoin extended its decline on Saturday, even as he hosted a closed-door gathering for top holders of the cryptocurrency at Mar-a-Lago. The token is currently trading at around $2.67, down by nearly 10% over the past day, according to data from CoinMarketCap. It is also down by more than 96% compared to its all-time high of $75.35 registered in early 2025. The downturn comes despite efforts to maintain visibility through high-profile events. The Saturday event brought together 297 of the largest TRUMP investors for what was billed as the “most exclusive” crypto and business conference, with a smaller group of 29 attending a VIP reception and champagne toast, according to The Independent. Read more
The group spent tens of millions of dollars on luxury items and real estate, using funds stolen from crypto users in social engineering scams. Evan Tangeman, a 22-year-old resident of California, was sentenced on Friday to 70 months in prison for his role in a criminal enterprise that stole about $263 million in cryptocurrencies from victims through social engineering scams and burglary. Tangeman pleaded guilty to the charges in December 2025 and admitted to helping members of the criminal organization launder at least $3.5 million in illicit funds, according to the US Department of Justice’s (DOJ) announcement. He also received three years of supervised release in addition to his prison sentence for his role in the scheme, the DOJ said. Read more