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Crypto Daily|Ethereum Foundation Will Shrink, Sell Less ETH, and Focus on 'CROPS'; Bitcoin, Crypto Prices Tick up as US-Iran Peace Deal Odds Climb

Tiger Newspress13:08

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

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Buterin says Ethereum Foundation will shrink, sell less ETH, and focus on 'CROPS'

thereum co-founder Vitalik Buterin said the Ethereum Foundation will choose "longevity over breadth," reduce ETH sales and narrow its focus to CROPS: censorship resistance, capture resistance, openness, privacy and security.

In a lengthy post on X, Buterin detailed that the Ethereum Foundation holds roughly 0.16% of all ETH, well below the 10% to 50% he said it’s common for the central foundations of other blockchains to hold.

Bitcoin, crypto prices tick up as US-Iran peace deal odds climb

rypto prices were slightly higher on Monday amid rising odds in prediction markets for a near-term U.S.-Iran peace deal, as Iranian negotiators arrived in Doha for talks.

Bitcoin gained 1.6% in 24 hours to $77,500, ether rose 1.4%, and the broader CoinDesk 20 (CD20) added 1.56%.

Indonesia blocks Polymarket, calling prediction market online gambling in disguise

Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, saying the crypto-based prediction market amounts to online gambling under local law.

The ministry said it had cut access to the platform and was tracing affiliated social media accounts for possible restrictions across other digital channels.

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