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Foundation

After his son was paralyzed, an NFL Hall of Famer resolved to find a cure. 40 years and $550 million later, his foundation is credited with improving millions of lives:

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Marc Buoniconti said his father, the late NFL Hall of Famer Nick Buoniconti, explained the secret to the success of their nonprofit and its fundraising efforts simply: “We’re just not good listeners.” In the 40 years since Marc Buoniconti, then a college football linebacker at the Citadel, was paralyzed during a routine tackle, they have been … Read more

Berachain Foundation recovers $12.8M from Balancer V2 exploit

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Key Takeaways Berachain Foundation recovered $12.8 million after an exploit impacted its native DEX (Bex) and Balancer V2. A white hat hacker coordinated with the foundation to facilitate the asset recovery. Share this article Berachain Foundation successfully recovered $12.8 million from an exploit affecting Bex, Berachain’s native decentralized exchange, and Balancer V2, a protocol whose … Read more

BNB Foundation completes 33rd quarterly burn, destroying $1.6B in BNB

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Key Takeaways BNB Foundation has completed its 33rd quarterly token burn, destroying $1.6 billion worth of BNB. Quarterly burns are determined by the BNB Auto-Burn formula, reducing BNB supply and increasing scarcity. Share this article BNB Foundation, an organization managing governance and token burns for the BNB Chain ecosystem, completed its 33rd quarterly burn today, … Read more

Ethereum Foundation Moves $610 Million in ETH to New Wallet

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The Ethereum Foundation has just moved more than 160,000 ETH, worth around $610 million, into a brand new multisignature wallet. The group described the transfer as a planned migration, though the sheer size of the move caught a lot of eyes. That’s a serious chunk of its treasury, and naturally, people are curious what this … Read more

‘If there’s no bottom rung on the ladder, it’s really hard to leap up’: Nonprofits focused on Gen Z employment get $25m Citi Foundation windfall

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Young jobseekers, challenged by a rapidly changing labor market, are having a tough time. The U.S. unemployment rate for 22- to 27-year-old degree holders is the highest in a dozen years outside of the pandemic. Companies are reluctant to add staff amid so much economic uncertainty. The hiring slump is especially hitting professions such as information technology that employ … Read more

Ethereum Foundation initiates Holešky network shutdown after completing Fusaka upgrade

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Key Takeaways The Ethereum Foundation is decommissioning Holešky after completing the Fusaka upgrade. Holešky enabled the testing of PeerDAS and partial data verification, reducing bandwidth requirements for validators and benefiting L2 networks. Share this article The Ethereum Foundation has begun winding down Holešky, an Ethereum testnet launched in 2023 for large-scale validator and upgrade testing. … Read more

VC legend Ron Conway quits Salesforce Foundation after Benioff’s National Guard comments

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Ron Conway, the founder of venture firm SV Angel, known for its early investments into Google, Airbnb, and Meta, has resigned from Salesforce Foundation, the New York Times reported. The resignation following Salesforce CEO Marc Benioff saying last week he “fully supported” President Trump and thought National Guard troops should patrol San Francisco streets. Conway … Read more

Ethereum Foundation Deploys 2,400 ETH in Morpho to Boost Treasury Yield

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The Ethereum Foundation has deposited 2,400 ETH into Morpho’s lending vaults, along with roughly $6 million in stablecoins. This marks a notable shift in how the foundation is handling its treasury. It looks like they’re getting more comfortable with using DeFi protocols directly. On-chain analysts say this might be the largest single exposure the foundation … Read more

Ethereum Foundation deposits 2,400 ETH and $6 million in stablecoins into Morpho vaults

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Key Takeaways The Ethereum Foundation deposited 2,400 ETH and $6 million in stablecoins into Morpho’s DeFi vaults. Morpho protocol utilizes open-source FLOSS licensing, enabling greater developer participation and ecosystem resilience. Share this article The Ethereum Foundation disclosed on Wednesday that it had deposited 2,400 ETH and approximately $6 million in stablecoins into Morpho’s yield-bearing vaults. … Read more

Ethereum Foundation Launches Privacy Cluster Initiative

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The Ethereum Foundation has introduced a new Privacy Cluster dedicated to building out privacy features across the network. This shows a clear push to make privacy part of Ethereum’s foundation rather than a secondary concern. The cluster brings together 47 specialists, including engineers, researchers, cryptographers, and coordinators. It will be led by Igor Barinov, the … Read more

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