Ethereum Foundation Cuts Put Long-Term Solvency Back In Focus

Sharplink, Bitmine and Joe Lubin are backing Ethlabs as the Ethereum Foundation cuts its budget 40%, but no one will say how much money is behind the new lab

Key takeaways The Ethereum Foundation has reduced its workforce by 20% following the completion of a major reorganization. ETH is up by 1% and is now trading above $1,650. The Ethereum Foundation (EF) has completed a broad organizational restructuring that includes reducing its workforce by approximately 20%, affecting 54 employees across multiple teams. In a […] The post Ethereum reclaims $1,650 as Ethereum Foundation cuts 20% of workforce appeared first on CoinJournal.

Ethlabs, a new independent nonprofit research lab founded by former Ethereum Foundation researchers, has launched to strengthen Ethereum’s core infrastructure. The group is backed by major ecosystem participants, including Bitmine, Sharplink, Joe Lubin, Anchorage, Octant, and SNZ. Ethlabs Forms Independent Research Group to Strengthen Ethereum’s Core Network A group of senior Ethereum contributors has launched […]

The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH

Ethereum’s research ecosystem has added a new institutional-facing node after Ethlabs launched as an independent nonprofit backed by BitMine, SharpLink, an

Ethereum Foundation has cut roughly 20% of its workforce, eliminating 54 positions as part of a sweeping organizational overhaul tied to its long-term development strategy. According to the Ethereum Foundation, the workforce reduction concludes a months-long restructuring process carried out…

The Ethereum Foundation just announced its biggest organizational overhaul in years.

The Ethereum Foundation cut 54 staff and reorganized around five clusters, one day after former EF researchers launched the independent lab Ethlabs.