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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.

Ondo has launched round-the-clock minting and redemption for tokenized stocks and ETFs. The service is now available on Ethereum and BNB Chain.

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Coinbase-backed Ethereum layer-2 network Base resumed block production on Thursday after a roughly two-hour outage. The disruption halted transaction processing on one of Ethereum's largest layer-2 networks.

Ethereum is transitioning from experimental pilots to production use among major financial institutions, according to Vivek Raman, cofounder of Etherealize.

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Circle has introduced cirBTC, a new 1:1 Bitcoin-backed token on Ethereum. The product targets institutional users seeking collateral for DeFi activities.

Strategy sold 32 Bitcoin between May 26 and May 31 to fund preferred stock dividends. The sale, worth about $2.5 million, marks the company's first disposal of the asset since 2022. Bitcoin prices fell following the disclosure on June 1.

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Bitmine Immersion acquired 26,497 ether worth roughly $53 million in the most recent week, marking a sharp slowdown from its prior buying spree. The purchase increased the firm's total holdings to 5.42 million ETH.

 

 

 

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