Ethereum Foundation cuts 20% of staff as ETH sinks 44% YTD despite record usage

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AI Summary

The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward records its highest-ever levels of user activity and attracts deeper participation from major financial institutions. On June 23, the nonprofit revealed that it dismissed 54 […]
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