A weaker-than-expected June jobs report released on July 2 has temporarily reversed weeks of crypto market weakness, sending Bitcoin above $61,800 and Ethereum to $1,731.87 as traders dialed back expectations for near-term Federal Reserve rate hikes. The modest addition of 57,000 new jobs—less than half the anticipated 115,000—has reignited hopes that the Fed may pivot…
The Ethereum Foundation announced a sweeping 40% budget reduction and 20% workforce cut affecting 54 employees, signaling a fundamental shift toward a lean, endowment-based operating model as the protocol nears maturity. Co-Executive Director Hsiao-Wei Wang’s resignation marks the ninth senior departure since January, underscoring organizational strain even as Vitalik Buterin frames the restructuring as strategic…
The crypto market faced a turbulent day on June 21, 2026, as Federal Reserve rate hike signals triggered sharp declines across major cryptocurrencies, while the sector grappled with mounting security concerns highlighted by a significant bridge exploit and a second major hack in weeks. Adding to the headwinds, the Ethereum Foundation disclosed an eighth senior…
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