The Ethereum Foundation is reducing its workforce by about 20%, cutting 54 jobs as part of a restructuring linked to a new mandate and treasury strategy. This follows significant leadership turnover, including the exit of co-executive directors and other senior figures, raising concerns about governance and execution. Meanwhile, some major Ethereum stakeholders, including co-founder Joseph Lubin, are supporting ETHLabs, a new initiative to boost Ethereum development and adoption. The Foundation aims to focus on core priorities and institutional engagement as the Ethereum ecosystem diversifies.
Bitcoin and other cryptocurrencies fell as the Federal Reserve held interest rates steady but signaled a closer stance to hikes rather than cuts, fueling inflation concerns. Crypto markets absorbed risk from stalled U.S.-Iran negotiations over the we...
Tom Lee's Bitmine purchased an additional 52,203 Ethereum tokens for $92 million despite Ethereum's recent price decline and ETF outflows. Bitmine now holds over 5.6 million ETH valued at $10 billion and has nearly 4.7 million ETH staked. Lee believe...
A sharp sell-off in the cryptocurrency market caused over $700 million in liquidations, with Bitcoin falling below $62,000 and wiping out recent gains. Long positions accounted for 80% of the losses, hitting Bitcoin and Ethereum hardest with combined...
Ethereum's price fell more than 3% in 24 hours to around $1,686, pressured by continued ETF outflows totaling over $66 million and declining derivatives activity. Despite the launch of Ethlabs backed by key ecosystem players, market sentiment remains...
The Ethereum Foundation recently announced support for several new organizations aimed at expanding its ecosystem, but this sparked community backlash questioning the source of funding. Many believe the funds come from Ethereum's treasury, grants, or...
