Altcoins News
By Bruce Buterin
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Nine Departures Since January. Wang's resignation carries weight beyond the title. As co-executive director, she sat at the top…
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What a 40% Budget Cut Actually Means. Forty percent is not a trim. It's a structural change.
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Restructuring With No Clear Roadmap. What's strange about all of this is the communication gap.
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The Ethereum Foundation is cutting deep. A 40% budget reduction paired with a 20% headcount cut — that's the scale of what's happening inside one of crypto's most influential…
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Co-Executive Director Hsiao-Wei Wang has resigned. She's the latest in a string of exits that, since January, now totals nine senior figures walking out the door. Nine.
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Wang's resignation carries weight beyond the title. As co-executive director, she sat at the top of the foundation's operational structure.
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The foundation hasn't said much about why these people left. No detailed statements, no named successors announced publicly, no clear timeline for when the dust settles.
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Crypto nonprofits don't operate like startups. They can't just raise a Series B to cover a rough patch.
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Forty percent is not a trim. It's a structural change. For an organization that funds core protocol research, client development, developer tooling, and ecosystem grants, a cut…
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The 20% headcount reduction matches that scale. Fewer people, less money, presumably a narrower set of priorities.
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See also: Ethereum Validators Could Redirect 10% of Staking Rewards Under New Proposal
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And there's a lot of stakeholders. Ethereum sits at the center of a massive developer ecosystem — DeFi protocols, layer-2 networks, NFT infrastructure, enterprise blockchain…
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What's strange about all of this is the communication gap. Big organizations going through hard pivots usually say something.
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That's left a lot of people guessing. Some in the community probably read it as responsible fiscal discipline — the foundation getting leaner before a prolonged bear market does…
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Both readings are possible. Unclear which one's right.
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