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ETH price decline

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Ethereum Foundation Cuts 20% Staff as ETH Plunges Below $1,580
Crypto News

Ethereum Foundation Cuts 20% Staff as ETH Plunges Below $1,580

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...

Jul 2, 2026 5 min read