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    Ethereum Foundation reveals treasury details with $970.2 million assets, enduring crypto volatility and new conflict of interest policy

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    The Ethereum Foundation disclosed its finances, revealing $970.2 million in treasury, a 39% decrease from March’s $1.6 billion. Most of the treasury (81.3%) is in crypto, mostly ether (99.45%). Despite the volatility, the Foundation remains bullish on Ethereum’s potential and focuses on maintaining enough funds for the ecosystem in a possible long-term market slump. Since 2022, it has spent approximately $240 million with ETH’s value decreasing by 22% since March. Additionally, a new conflict of interest policy has been implemented to prevent any external work or investments from influencing developers’ Ethereum-related work.

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    Last Friday, the Ethereum Foundation finally spilled the beans about its finances. As of October 31st this year, they’ve got $970.2 million stashed away in their treasury. However, that’s a big drop – 39%, to be exact – from the cool $1.6 billion they had back on March 31st.

    The majority of the Foundation’s treasure trove (about 81.3%) is tied up in crypto, and clearly they’re really feeling the Ethereum love because almost all (99.45%) of that digital dough is in ether (ETH).

    Is the Foundation worried about its dwindling coffers? Not one bit! They’ve actually leaned into the volatility of the crypto market, believing strongly in Ethereum’s potential and committing to the long game. Their main concern is keeping enough in the bank to keep the Ethereum ecosystem ticking over, even if there’s a long-term market slump.

    Between 2022 and this year, the Foundation shelled out about $240 million. The value of ETH has also fallen by 22% since their last finance update in March.

    But there are also some new rules in town: the Ethereum Foundation has brought in a shiny new conflict of interest policy to keep things clean and aboveboard, making sure any other work or investments by their researchers and developers don’t influence their work with Ethereum.

    This comes hot on the heels of Ethereum researchers, Justin Drake and Dankrad Feist, giving up their advisory roles with giant Ethereum restaking platform, EigenLayer, after concerns were raised about a possible conflict of interest.

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