Ethereum Foundation Announces Major Reorganization, 40% Budget Cut

The Ethereum Foundation has announced a major reorganization and introduced an updated governance structure. Co-founder Vitalik Buterin simultaneously revealed that the organization is reducing its budget by approximately 40%, transitioning to a long-term capital management model.

No further details were provided in the source post, but the move signals a strategic shift in how the foundation allocates resources to support the Ethereum ecosystem.