The Ethereum Foundation is reducing its annual budget by about 40% as part of a shift to a more sustainable financial model, aiming to cut spending from 15% to 5% of its treasury by 2030. This move accompanies significant organizational changes, including a 20% staff reduction and multiple leadership departures. The foundation plans to focus on security and high-impact upgrades while scaling back initiatives like the Privacy and Scaling Explorations unit and large conferences. These changes aim to strengthen Ethereum's financial resilience and operational efficiency amid growing competition in the blockchain space.
Ethereum (ETH) has dropped below its 200-hour Simple Moving Average (SMA), indicating weakening bullish momentum and increasing seller control. The price recently fell from around $1,720 to the mid-$1,600 range, with $1,580 identified as the next maj...
A whale trader opened a $24.34 million leveraged position on Solana (SOL) and Ethereum (ETH), betting on a rally. The trader closed the ETH position with a $14.2K profit amid a tech sector sell-off that pressured crypto markets, leaving the $16.5M SO...
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 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...
