The Ethereum Foundation announced a 40% budget cut and a 20% reduction in staff as part of a major organizational reset. Co-founder Vitalik Buterin outlined plans to shift to a leaner, endowment-style model, reducing annual spending from 15% to 5% of treasury assets by 2030. This comes amid the resignation of nine senior leaders since January, including co-Executive Director Hsiao-Wei Wang, highlighting ongoing turmoil. The foundation aims to focus on Ethereum's core roadmap and security, scaling back other initiatives and events to ensure long-term sustainability.
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines, with Bitcoin falling over 4% and Ethereum dropping nearly 6%. This broad market sell-off reflects increased investor caution and volatility...
Ethereum's price dropped more than 5% to around $1,660 amid a broader crypto market decline affecting Bitcoin and other major coins. The selloff is compounded by the Ethereum Foundation's decision to cut about 20% of its workforce as part of a restru...
The Ethereum Foundation has laid off 54 employees, about 20% of its workforce, as part of a reorganization to focus on critical, long-term protocol development. The new structure divides work into five clusters prioritizing core Ethereum protocol imp...
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 o...
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...
