The Ethereum Foundation sells $43 million in Ether to fund research, development, grants, and donations for the ecosystem. The foundation plans to convert 10,000 ETH on centralized exchanges over several weeks. This follows a pause in grant applications. Since the treasury policy announcement, $25 million worth of Ether has been sold.

Yunfeng Financial Group purchases 10,000 ETH in the open market, unrelated to the foundation’s sale. Ether Machine secures 150,000 ETH, aiming for a Nasdaq listing. Co-founder Lubin predicts ETH could surpass Bitcoin as a monetary base with Wall Street adoption. ETH hit an all-time high of over $4,870 in August amid dovish Fed comments.

Read more at cointelegraph.com: Ethereum Foundation to sell 10K ETH ’to fund R&D, grants, and donations’