Illustration of Ethereum researchers in a lab receiving funding from major holders for Ethlabs.
Illustration of Ethereum researchers in a lab receiving funding from major holders for Ethlabs.
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Major Ethereum holders back new research lab

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

Ethlabs was announced on Monday with backing from SharpLink Gaming, Bitmine Immersion Technologies and Joe Lubin. The group also includes Anchorage Digital, Octant and SNZ.

The organization is led by Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma. Their prior work covered Ethereum scaling, data availability, protocol economics and network finality.

Initial efforts will target faster transaction settlement, greater network capacity and better infrastructure for tokenized assets and stablecoins. All research will be published openly with independent grants administration.

The launch follows several high-level departures from the Ethereum Foundation, including the recent exit of co-executive director Hsiao-Wei Wang.

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Initial X reactions highlight positive views on Ethlabs as a decentralized research boost for Ethereum's institutional growth, backed by major holders like Bitmine and SharpLink. Skeptical posts question it as potential governance theater or power moves by insiders like Joe Lubin. Neutral summaries note the focus on scaling and talent retention amid Ethereum Foundation changes. Sarcastic takes contrast it with other crypto performance.

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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.

Former Ethereum Foundation researcher Dankrad Feist has called for a new community-led organization with a $1 billion treasury to better align incentives with Ethereum's growth.

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Ethereum co-founder Vitalik Buterin posted on X about shifting the Ethereum Foundation toward a narrower role. He said the organization will prioritize longevity over breadth while reducing ETH sales. The foundation will focus on censorship resistance, openness, privacy and security.

The Ethereum Foundation completed its third over-the-counter sale of 10,000 ETH to BitMine Immersion Technologies, valued at roughly $22.9 million. The transaction funds the foundation's operations, including research and community grants. This follows similar sales last week and in March.

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The Liberland micronation, led by Justin Sun, has given its highest honor to Ethereum founder Vitalik Buterin. The recognition took place during ETH Prague 2026. Liberland continues to promote blockchain-based governance and digital citizenship through the award.

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