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JUST IN: According to data from Arkham Intelligence, the Ethereum Foundation has continued staking its coins and is now nearing its target of 70,000 ETH staked.
This milestone came into view on Friday after a series of transactions, totaling 45,000 ETH, with each transaction consisting of 2,047 ETH, propelling the foundation toward its goal.
Blockchain analytics data shows that the ETH transfers, worth over $92.2 million, were from the Ethereum Foundation's treasury to the Ethereum Beacon Deposit Contract for staking.