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- In the news by CryptoPotatoETH falls near three-month low as Ethereum Foundation keeps selling
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ETH falls near three-month low as Ethereum Foundation keeps selling
ETH dropped to just above $1,800 during a weekend market-wide crash, its lowest level in almost three months, and is down more than 25% since 4 November. Onchain Lens data shows the Ethereum Foundation sold 7,500 ETH over four days, worth about $14.5 million, with its latest 2,500 ETH swapped for USDS via CoWSwap. Peter Schiff says a break below the roughly $1,600 uptrend could send ETH toward the 2022 low near $1,000.
Former Erigon CTO Giulio Rebuffo joins Ethereum Foundation to apply AI to client development
Giulio Rebuffo, Erigon's former CTO, announced on X on 13 November that he has joined the Ethereum Foundation to work on "applied AI x Client Dev" alongside the technical teams and management. The hire follows at least eight high-profile exits from the foundation this year, and Vitalik Buterin has argued for months that AI-written code should be paired with more testing and formal verification.