Vitalik: Ethereum Foundation (EF) to Cut This Year’s Budget by ~40%, Shift to Long-Term Endowment Model and Streamlined Operational Structure
2026.06.24 00:09:39
Ethereum co-founder Vitalik Buterin published a statement noting that the Ethereum Foundation (EF) has announced a roughly 40% budget cut this year as part of its financial transition plan. Per last year’s released fund management policy, EF is gradually shifting from a "spending organization" to an endowment-based model, with the goal of reducing its annual expenditure ratio from the previous ~15% to around 5% after 2030. The foundation emphasized it will accept inevitable staff and resource adjustments, acknowledging some loss of capabilities and expertise. In this restructuring, EF has cut approximately 54 employees, accounting for roughly 20% of its total team. Vitalik added that many of these departing members may still participate in the Ethereum ecosystem externally in the future. Meanwhile, the foundation is refocusing its strategy on a more "lightweight" path for protocol governance and development, including advancing the long-term "Strawmap" roadmap covering core protocol upgrades such as consensus mechanisms, privacy technology, account models, and state structures, and pushing Ethereum toward its third phase of evolution. In specific structural adjustments, EF will downplay its "multi-client redundancy first" model, shifting to development approaches based more on specialized division of labor and AI-assisted formal verification; the Privacy and Scaling Explorations (PSE) research team will be restructured from exploratory R&D to more focused engineering implementation; and the scale of ecosystem events like Devcon will also be gradually reduced. Additionally, EF will reduce investment in large cross-domain projects, place more emphasis on protocol security and high-value improvements, and encourage more innovation to be driven by external ecosystem participants. Despite the leaner path, Ethereum will continue to strengthen its core positioning as a highly censorship-resistant, long-term stable protocol.
Trader 0x4287 Opens 5x Long on 1.38M ASTER, Up $137K in Unrealized Gains
16 minutes ago
Trader 0x4287 opened a 5x long on 1.38M $ASTER($1.05M) on @Aster_DEX and is currently sitting on an unrealized profit of over $137K(+65.36%).
16 minutes ago
Jev is overtaken for the first time, and Liquid AI releases its decision-making model d1.
16 minutes ago
In pre-market US trading, NEAR Treasury firm SVRN extends its rally.
16 minutes ago
OpenClaw Enterprise Edition open-sourced: OpenAI is already using it internally for bug fixes and PR merges.
16 minutes ago
After two years, a crypto address has resumed accumulating coins, building a $6.99 million position in ETHFI.
16 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

