Odaily Planet Daily reported that Ark Invest founder Cathie Wood stated on X that, although she does not understand all the technical details, the initiatives proposed by the Ethereum Foundation in terms of scalability and privacy seem to be the right direction to ensure its leading position in the institutional sector. Previously, the Ethereum Foundation released a blog post on July 10, announcing plans to fully integrate zero-knowledge proof (zk) technology at the Ethereum L1 layer. This upgrade is expected to bring significant changes in scalability and privacy, potentially having a profound impact on the future development path of Ethereum.