Ark Invest founder Cathie Wood posted on X that although she does not understand all the technical details, the Ethereum Foundation's proposed initiatives in scalability and privacy seem to be in the right direction to ensure its leading position in the institutional field. Previously, the Ethereum Foundation published a blog post on July 10, announcing plans to fully integrate zero-knowledge proof (zk) technology into the Ethereum L1 layer. This upgrade is considered to bring significant changes in scalability and privacy, and may have a profound impact on the future development path of Ethereum. [Odaily Planet Daily News]