Solana founder on Ethereum Foundation layoffs: Bullish, a leaner organizational structure will be more flexible.
Related
DeFi researcher Ignas: He is bullish on ETH if the Ethereum Foundation delivers the "simplified roadmap" on time; however, delays coupled with a bear market could be bearish.
According to Foresight News , DeFi researcher Ignas commented on Vitalik Buterin's previously released "simplified Ethereum" roadmap, stating, "If the Ethereum Foundation can deliver on time, I'm bullish on ETH. The roadmap is very attractive because it addresses most of the key demands raised by the community, including L1 reclaiming execution control from L2, privacy protection, quantum resistance, and second-level finality, but the issue of tokenomics remains unaddressed." It also pointed out that the most anticipated part of the roadmap will be implemented after 2028, with the final goal set for 2029. If the Ethereum Foundation (EF) delivery schedule is delayed and the bear market continues, it may negatively impact the price of ETH, as competing projects such as Tempo and Canton are posing a challenge to Ethereum in the areas of real-world assets (RWA) and institutional adoption.
Ethlabs' funders have openly admitted to competing with the Ethereum Foundation for talent, and their roadmaps have begun to overlap.
According to Mars Finance, Ethereum's new research lab, Ethlabs, launched this week. It is jointly funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies (holding approximately 5.7 million ETH), and Sharplink (holding approximately 876,000 ETH), though the exact funding amount was not disclosed. Sharplink CEO Joseph Chalom stated that Ethlabs will complement the Ethereum Foundation, but acknowledged that the two will "overlap in some areas," and that "the most concentrated talent" will be concentrated in Ethlabs. The lab focuses on faster settlement, cross-chain interoperability, and institutional and AI application readiness, highly aligning with the Foundation's priorities following this week's restructuring. This move comes as the Ethereum Foundation cut its 2026 budget by approximately 40% and eliminated 54 positions this week, which Vitalik Buterin defines as a shift towards an endowment fund model. Former core development coordinator Trent Van Epps warned last week that core development faces a funding gap within three to nine months. Ethlabs' first real test will be the Glamsterdam upgrade, where the roadmaps of the two organizations will converge for the first time in a limited upgrade queue.
Former Twitter CISO Michael Coates appointed Chief Information Security Officer of the Solana Foundation
According to Foresight News , security expert Michael Coates announced on the X platform that he has been appointed Chief Information Security Officer (CISO) of the Solana Foundation, marking a new chapter in his career. Coates previously served as Head of Security at Mozilla, CISO at Twitter, and founded Altitude Networks, a startup focused on enterprise SaaS data security, which was later acquired by CoinList, thus entering the crypto industry. Coates stated that he chose to join Solana because the chain currently handles tens of billions of dollars in daily stablecoin transactions, exceeding the combined daily trading volume of most cryptocurrencies. He mentioned that future work will focus on integrating security capabilities into the foundation of industry operations and application security, addressing the unique security challenges of cryptocurrencies, and collaborating with policymakers and standards bodies to promote improvements in cybersecurity regulation.
Sophia Dew, a developer relations member at the Ethereum Foundation, has announced her departure.
According to Mars Finance, on July 8th, Sophia Dew, a developer relations member at the Ethereum Foundation (EF), announced that this week will be her last week serving full-time at the Ethereum Foundation. Dew has been active in the Ethereum ecosystem for the past four years. She stated, "I remain very optimistic about the future of Ethereum. It truly is one of the most powerful and cohesive ecosystems ever."
The Ethereum Foundation donated 2,469 stETH to Argot, equivalent to approximately $4.34 million.
According to BlockBeats, on July 5th, as monitored by on-chain analyst Ember, the Ethereum Foundation donated 2469 stETH, worth approximately $4.34 million, to the non-profit Ethereum development organization Argot one hour ago. Last July, the Ethereum Foundation provided Argot with 7000 ETH in operating funds over three years. Argot subsequently sold 4826.6 ETH at an average price of $3194, obtaining 15.417 million USDC. Today, Argot received its fourth year of funding from the Ethereum Foundation, totaling 2469 stETH. Next July, Argot will receive its final fifth-year funding, also consisting of 2469 stETH. On-chain transaction data shows that the funds have been transferred to Argot's designated address.
F2Pool co-founder Wang Chun deposited 9876 Ethereum into Binance.
According to Foresight News , Onchain Lens monitoring shows that an address identified as Wang Chun, co-founder of F2Pool, has deposited another 9,876 Ethereum, worth approximately $17 million, into Binance.