protocol development
Ethereum Foundation Cuts 20% of Workforce Amid Major Restructuring
The Ethereum Foundation has eliminated 54 positions—roughly 20 percent of its 270-person workforce—and slashed its 2026 operating budget by 40 percent, marking the most significant organizational restructuring in the protocol’s history since the Merge. The June 23 announcement signals a strategic pivot away from the Foundation’s historical role as Ethereum’s central development engine toward a...
Ethereum Foundation Cuts 20% Staff, Slashes Budget 40% Amid Leadership Exodus
The Ethereum Foundation has eliminated 54 positions—roughly 20 percent of its workforce—while slashing its annual operating budget by 40 percent, marking a dramatic restructuring that signals a fundamental shift in how the organization will support Ethereum’s development. The cuts, announced on June 23 by Vitalik Buterin, follow the immediate resignation of executive director Hsiao-Wei Wang...
Ethereum Foundation Cuts Budget 40%, Lays Off 54 Staff Amid Protocol Maturity
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...
Bitcoin Network Activity Hits 2026 High on Data Storage Surge
Bitcoin’s network activity has climbed to its highest level of 2026, breaking a seven-month trend despite the cryptocurrency trading under sustained bearish pressure. The surge marks a significant inflection point in on-chain behavior, driven primarily by small-value transactions and protocol-based data storage rather than traditional financial activity. The On-Chain Data Surge CryptoQuant reported that Bitcoin’s...