ETHEREUM FOUNDATION UNVEILS TREASURY POLICY

Summary from the TLDR Crypto newsletter

The Ethereum Foundation will reduce its annual spending from 15% of its ~$1 billion ETH treasury to 5% over time, selling ETH via fiat offramps or onchain swaps as needed to maintain liquidity. Its new policy emphasizes support for DeFi projects, particularly those addressing privacy challenges through a “DeFiPunk” framework that funds privacy-focused research and interfaces.