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Ethereum Foundation cuts aim to focus on core tech, says co-founder Joe Lubin, not a crisis.

Market News
07 Jun 2026
Coindesk
View Source
Neutral
pluang ai news

Ethereum co-founder Joe Lubin defended recent budget cuts and staff departures at the Ethereum Foundation, saying these changes are intended to narrow the foundation's role to stewarding Ethereum's core technology and values. He emphasized that commercialization and adoption efforts should be handled by other organizations to maintain the foundation's neutrality. Lubin also dismissed concerns about Ethereum's decline, highlighting emerging trends like AI-driven commerce as future growth drivers. This restructuring aims to position Ethereum for a new wave of adoption while keeping the protocol development independent and focused.

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Tesla's humanoid robot Optimus could spark a multi-trillion-dollar AI robotics market, says Nvidia CEO.

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