Ethereum Foundation cuts spur Polymarket shift as Vance climbs to 20%
EthLabs launched this week as the Ethereum Foundation announced about a 40% budget cut and layoffs for roughly 20% of staff, reviving doubts about its direction. (Read More)
A turbulent week for the Ethereum Foundation, including the launch of EthLabs and deep cost cuts at the foundation, set off a fresh round of debate across crypto about institutional credibility and leadership. On Polymarket’s “Presidential Election Winner 2028” market, the leading price for JD Vance is 20.35%, up from 16.4% previously, as traders repositioned across the field.
A new Ethereum research organization called EthLabs launched as the Ethereum Foundation faced renewed scrutiny over its finances and direction. …
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