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crypto market downturn

Crypto News

Ethereum Foundation Cuts 20% Staff as ETH Plunges Below $1,580
ByBD Market Desk July 2, 2026

Ethereum Foundation Announces 20% Staff Cuts as ETH Plunges Below Critical Support, Triggering Institutional Flight The Ethereum Foundation has cut 54 employees representing 20% of its workforce and slashed its budget by 40% amid a devastating selloff that has sent Ether tumbling below key technical support levels. The structural blow to the organization behind Ethereum’s…

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Crypto News

Here’s What Happened in Crypto Today
ByBD News Desk June 24, 2026

Bitcoin fell 2.5% to $62,000 as Federal Reserve official Kevin Warsh extinguished market hopes for near-term rate cuts, while the European Union handed an enforcement deadline to unlicensed crypto firms and the Ethereum Foundation announced significant restructuring involving 54 staff reductions and a 40% budget cut. The selloff underscores mounting pressure on digital assets from…

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