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 improvements, privacy, user needs, community relations, and institutional engagement. Departing staff receive severance and support for transition within the Ethereum ecosystem. This move aims to shield the foundation from short-term market pressures and strengthen Ethereum's core technology amid a challenging market for ETH.
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...
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...
