Ethereum Foundation Cuts Another 40% But Solana Founder Calls It Bullish

The Ethereum Foundation is cutting its budget by roughly 40% and reducing staff by about 20%, concluding a planned shift toward a leaner, endowment-style organization with a narrower set of priorities. Co-founder Vitalik Buterin called the cuts a deliberate trade, not an efficiency drive. Solana co-founder Anatoly Yakovenko went further, arguing the leaner foundation will […]

Former Ethereum Foundation Researchers Launch Ethlabs With BitMine And SharpLink Backing

TL;DR Ethlabs has launched as an independent nonprofit focused on Ethereum protocol R&D. The group is backed by BitMine, SharpLink, and Joe Lubin, according to the announcement. The launch adds another institutional-looking development layer around Ethereum’s core research ecosystem. Ethereum’s research ecosystem has added a new institutional-facing node after Ethlabs launched as an independent nonprofit […]

Tech stocks tumble 2% as AI spending concerns mount

Investor caution grows as AI spending scrutiny intensifies, potentially impacting tech valuations amid rising interest rates and economic pressures. The post Tech stocks tumble 2% as AI spending concerns mount appeared first on Crypto Briefing.

Solana is subsidizing high-volume traders before on-chain markets prove the activity can stick

Solana Foundation is trying to turn pro-trader subsidies into chain-level market structure. With Frontier Traders, the Foundation introduced a program on June 17 that aggregates activity across Solana venues, offers VIP rebates, and covers priority infrastructure for qualified users. The package moves Solana’s pitch closer to the way large trading venues compete for serious flow: […]