$ETH Major Restructuring ⚡⚡
Vitalik Buterin confirmed the Ethereum Foundation is slashing its budget by 40% and laying off 54 employees (20%), transitioning to a lean endowment-style model targeting just 5% annual spending by 2030.
Community Reaction 📊
Solana's co-founder called the move "bullish," while critics warn of a looming funding crisis for core ETH development teams requiring ~$30M/year.$SOL
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