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Ethereum Foundation's staked amount reaches 46k ETH
Mars Finance news: the Ethereum Foundation has increased its pledged ETH holdings; it has now reached about two-thirds of its preset 70k ETH staking target, or roughly 46,667 ETH. This move is intended to strengthen blockchain infrastructure and support network security. The Ethereum Foundation plans to continue staking the remaining roughly 23,333 ETH; the rewards earned are typically used to fund research, grants, and protocol upgrades. Currently, the total staked supply across the entire Ethereum network has reached tens of millions of coins.