Ethereum devs huddled in the Arctic Circle to fix the network. Here’s what to know
By Lance Datskoluo
AI summary of the source article
Ethereum core developers met in Svalbard to finalize plans for the Glamsterdam network upgrade, locking in a post-upgrade gas limit floor of 200 million. Following the progress, the Ethereum Foundation sold 10,000 Ether to Bitmine Immersion Technologies for approximately $23 million to fund development operations. Bitmine also recently disclosed an acquisition of 101,901 ETH, lifting its total holdings above 5 million ETH despite significant unrealized losses.