CoinEx News: The Ethereum Foundation said on June 23, 2026 that it completed a months-long reorganization, leaving the group with 54 fewer staff, about 20% of the EF, and five work clusters around protocol, access, users, community, and institutions. Vitalik Buterin also framed a roughly 40% budget cut as part of a shift toward a long-term endowment model, while Solana co-founder Anatoly Yakovenko called the leaner EF bullish because tighter budgets force focus, faster decisions, and faster course correction.

For ETH users, the signal is governance execution, not instant price direction: the market now has to judge whether a smaller EF ships faster, or whether lost talent slows Ethereum upgrades and public-goods funding.