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Ethereum "Community Foundation" Established: The goal is to pump ETH prices! Project transaction fees will be burned!
The Ethereum Community Foundation has officially been established, requiring projects receiving grants to pay transaction fees in ETH and directly burn them, reclaiming price dominance and impacting the long-standing direction of the Ethereum Foundation. (Background: SharpLink Gaming spent $22.8 million to increase its Ethereum holdings to a total of 200,000 ETH; has the stock SBET rebounded?) (Additional context: The Ethereum Foundation has recently been transferring 1,000 ETH daily! Retail investors are anxious, but the subsequent developments are rather dull.) After two years of declining transaction fees and burning volume, the Ethereum community suddenly sparks anew. According to The Block's report, the newly established Ethereum Community Foundation (ECF) has released a proposal today stating that all projects receiving grants must pay transaction fees in ETH and directly burn them. Over the years, EIP-1559 has burned more than 5 million ETH, but as Layer-2 solutions reduce costs, the narrative of currency deflation has gradually faded. ECF seems to have pressed the re-ignition button, attempting to push scarcity back into the price spotlight with "millions of dollars worth of ETH." The community foundation ignites a new round of ETH burning. ECF was founded by developer Zak Cole and community partners, with the official website ethcf.org showing that the treasury has raised millions of dollars worth of ETH. Cole stated during his speech at ETHCC, "This is not a code fork, but a fork in (Ethereum's central policy) priorities." He emphasized that development resources should directly serve ETH's value, rather than incubating more tokens. The mission of the community foundation is to focus on Immutable, Tokenless, and ETH Burn, with funding using a Coin Voting mechanism: stakers vote with their ETH on proposals, discussions, and transactions, all made public on-chain. The operational mechanism of "Immutable, Tokenless, ETH Burn" ECF's first flagship project, the Ethereum Validator Association (EVA), has been announced. EVA allows stakers to release governance signals using staked ETH, determining core development priorities and subsidizing validators to upgrade their hardware and network, enhancing decentralization and security. The community foundation's statement reiterates: "All integrations must contribute to ETH burning." In contrast to the Ethereum Foundation (EF), which has long invested in public infrastructure products, ECF directly targets price and market efficiency. EF is currently facing personnel and financial adjustments, with public chains like Solana competing for market share; although ECF's treasury reserves are relatively small, it emphasizes on-chain transparency and Coin Voting, providing an alternative support direction for price increases for validators, developers, and investors. If EVA can truly transform staked ETH into governance policies, institutional assets like stocks, bonds, and real estate (RWA) may follow suit on-chain, supporting the burning model with actual volume. ECF also claims to directly lobby regulatory bodies to push Ethereum towards being a "global settlement layer." Observing whether ECF's "tokenless" framework can attract developers remains the biggest unknown. With a limited treasury size, the influence may rapidly dilute if there's a lack of continuous funding. Key observation points include: Can the volume of ETH burned return to growth? The rate of increase in RWA on-chain asset size? The participation rate of EVA voting? ECF has made the rules of this Ethereum dominance very clear from the outset: "Every dollar must drive ETH prices." The above three points could be the best indicators. Or more bluntly, whether Ethereum's price rises in the next year may be more useful for retail investors. Related reports: Bitcoin mining company BitMine announces establishment of $250 million Ethereum reserve, BMNR stock price skyrockets nearly 700%. Analysts: Ethereum's rise is coming! Targeting $10,000, potentially igniting alt season in a few weeks. <The establishment of the Ethereum 'Community Foundation': the goal is to raise ETH prices! Project transaction fees must all be burned!> This article was first published in BlockTempo, the most influential blockchain news media.