small margin play

## TL;DR: Ethereum Foundation Liquidates $48.9M The Ethereum Foundation (EF) has finalized roughly **$48.9 million** in ETH transactions this April, shifting from its recent staking focus back to operational liquidations. ### Key Takeaways * **The Big Sale:** On April 24, the EF sold **10,000 ETH** via an over-the-counter (OTC) deal with BitMine for **$23.9 million**. * **Unstaking & Conversion:** This follows earlier April moves where the Foundation began unstaking assets and converted approximately **$25 million** (including 8,750 ETH) into stablecoins. * **The Purpose:** Funds are being used to cover non-crypto expenses, including research, ecosystem grants, and the upcoming "Glamsterdam" upgrade. * **Market Impact:** By using OTC deals and CoWSwap’s "Time-Weighted Average Price" (TWAP) tools, the EF is liquidating large amounts without crashing the market price. **The Bottom Line:** While the Foundation briefly pivoted to staking for yield earlier this year, it is currently prioritizing liquid cash to fund the network's aggressive 2026 roadmap. $BTC $ETH $BNB #EthereumFoundationUnstakes$48.9MillionWorthofETH #ShootingIncidentAtWhiteHouseCorrespondentsDinner #TetherFreezes$344MUSDTatUSLawEnforcementRequest #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #BalancerAttackerResurfacesAfter5Months