Illustration of Vitalik Buterin discussing the Ethereum Foundation's focused strategy on core principles like privacy and security.
Illustration of Vitalik Buterin discussing the Ethereum Foundation's focused strategy on core principles like privacy and security.
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Vitalik Buterin signals smaller ethereum foundation focus

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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.

Buterin wrote that the Ethereum Foundation holds roughly 0.16 percent of all ETH. He added that nearly 90 percent of his own net worth is in ETH. The post came after at least eight senior foundation contributors left or announced departures in 2026, with five leaving in May alone.

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Initial reactions on X show mixed sentiments, with many viewing the shift as positive for Ethereum's long-term focus on core values like CROPS, while some express skepticism about implications amid departures and market outflows.

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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.

The Ethereum Foundation dismissed 54 employees and reduced its annual budget by roughly 40 percent on June 23 as part of a reorganization. The cuts follow the launch of EthLabs, a new research organization, the previous day. Officials described the changes as a shift toward a leaner structure focused on core protocol priorities.

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Vitalik Buterin addressed criticism regarding the Ethereum Foundation's position.

A new nonprofit called Ethereum Institutional has launched to accelerate institutional adoption of the Ethereum blockchain. The organization aims to serve as a neutral point of contact for banks and asset managers exploring tokenization and onchain finance.

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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.

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