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 restructuring aimed at focusing on key development areas. This move has raised concerns about the Foundation's future execution and added uncertainty to Ethereum's short-term outlook. Key support levels to watch are $1,600 and $1,700; a break below $1,600 could lead to further declines, while holding above may signal stabilization if the crypto market recovers and the Foundation clarifies its direction.
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...
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...
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...
