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Illustration of Ethereum Foundation staff reductions showing employees leaving the office amid restructuring.
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Ethereum Foundation cuts 20 percent of workforce

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The Ethereum Foundation has eliminated 54 positions, representing about 20 percent of its staff, as part of a restructuring announced Tuesday.

President Donald Trump signed two executive orders on June 22 directing federal agencies to accelerate development of advanced quantum computers while requiring migration to post-quantum cryptography by 2030 and 2031.

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SpaceX lost more than $600 billion in market value over three trading days following its plan to issue at least $20 billion in bonds. The move funds AI expansion linked to its xAI acquisition. Bitcoin held steady with a decline of less than 1 percent.

SharpLink, Bitmine and Consensys CEO Joe Lubin are funding Ethlabs, a new nonprofit research organization launched by five former Ethereum Foundation researchers.

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Strategy sold 2.71 million shares of its common stock last week to raise $335.5 million, directing most of the proceeds into cash reserves rather than Bitcoin purchases. The move lifted the company's US dollar holdings to $1.4 billion while adding only 520 Bitcoin. The action followed a sharp drop in the price of its STRC preferred shares.

Shareholders of Capital B approved major capital increases and credit facilities this month to support Bitcoin holdings. BTC AB launched a rights issue for preference shares that runs through the end of June.

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BitGo Europe has announced a partnership with Warsaw-based Bielik.io to deliver regulated crypto services across the European Economic Area. The move comes as the Markets in Crypto-Assets regulation deadline approaches on July 1, 2026. Smaller platforms may use such arrangements to maintain user access while complying with new rules.

 

 

 

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