According to a report by Color Finance, 35,000 ETH worth $94.07 million was deposited into Kraken at the address of the Ethereum Foundation in the early hours of this morning Beijing time. Aya Miyaguchi, executive director of the Ethereum Foundation, said: "This is part of our fund management activities. The annual budget of the Ethereum Foundation is about 100 million US dollars, which is mainly composed of grants and salaries, and some recipients can only accept fiat currency. This year, for a long time, we have been told not to conduct any fund activities because the regulations are complicated and we cannot share the plan in advance. In addition, this transaction does not amount to a sale. From now on, we will gradually sell in a planned manner."