There was a great activity in the ETHEREUM market (ETH), which indicates that large investors, known as whale, buy huge sums of this cryptocurrency. The data on the series shows huge withdrawals in ETH (about 50.24 million dollars) from Top Crypto Exchanges over three hours.
The data revealed on the series that a portfolio linked to Cumberland, a famous encrypted trading company with institutional investors, pulled ETH from three famous encrypted exchange: copper, Coinbase, and Binance.
During these three hours, the trading company withdrew a total of 27632 ETH.
The collapse of whale activity
Blockchain Explorer data show multiple counterparts of the encrypted currency that is transferred from the above three encryption exchanges to the Cumberland DRW.
Continuous clouds during the short time frame and huge quantities of ETH indicate that withdrew to a deliberate accumulation strategy, not isolated transactions.
Ethereum is doubled on basic values
Meanwhile, Ethereum (EF) shared an updated vision of the network’s future direction. One aspect of this vision is to focus on human elements that can enhance Blockchain platform and no longer focus only on the technical capabilities of the network.
In this last update, the Foundation once again stated that the greatest assets of the network are its vibrant society of supporters, users, developers, and the decentralized structure that enables this ecosystem to perform exceptionally good without any central authority.
This is the first strategy that greatly changes how EF reshapes its goal and goals. One of the main aspects of the advertisement is the concept of the foundation for the Ethereum as a “endless garden”.
According to them, this park is a living and advanced ecosystem where anyone can create, build and cooperate. This concept is a reflection of EF that the ecological system must continue to grow through the efforts of society.
Vision of the updated institution
The Foundation has announced some areas of focus in light of this new vision. One of these is to bring Ethereum technology to more people. Another is to focus on the three basic values that Ethereum symbolizes: decentralization, openness, and privacy.
The Foundation also intends to focus on specific initiatives. One of these initiatives is to ensure the independent implementation of ETHEREUM programs in multiple places, with the aim of preventing single failures.
The Foundation will also focus on zero research, a modern encryption technique to improve expansion and Blockchain privacy. Another aspect of focus is the growth of society.
The Foundation believes that a vibrant and active society is necessary for the long -term success. In addition, EF intends to make sure that the network can withstand shocks and continue to work efficiently when facing challenges now and in the future.
Meanwhile, this last update reaches a period of change in the Foundation’s leadership team. The new leadership will direct the network through the future growth phase while maintaining its strong foundations.
Burin interacts with the advertisement of ethereum
Meanwhile, the co -founder of Blockchain, Vitalik Buterin, responded with the announcement of the last institution. According to him, the Foundation’s focus must be on two main goals.
The first is to enhance the real use of ETHEREUM basic infrastructure. This includes the promotion of applications and use cases that can benefit from the features that make Ethereum Blockchain unique. These features include their ability to support many decentralization applications and smart contract functions.
The promotion also includes the expansion of Blockchain use in industry sectors such as NFTS and decentral financing (Defi). The second goal, as Burin explained, is to strengthen the network against attacks or failure and address weaknesses in all layers of technology.
According to the current data on the series, the pioneering altcoin is trading at $ 1825 at the time of writing this report, after it gained a value of 0.81 % in the past 24 hours. Trading volume also increases by 27.05 %, up to $ 16.17 billion.
