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Today in crypto, the Ethereum Foundation has finalized an OTC sale of 5,000 Ether to BitMine, former UK Prime Minister Boris Johnson says Bitcoin is a scam. Meanwhile, USDC’s market cap is approaching a record $80 billion amid turmoil in Dubai’s real estate market.
The Ethereum Foundation has finalized an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction worth about $10.2 million based on the agreed price of $2,042.96 per ETH.
In a Saturday post on X, the foundation said proceeds from the sale will support core operations, including protocol research and development, ecosystem growth initiatives and community grant programs. The onchain transfer will originate from an Ethereum Foundation Safe multisignature wallet.
