Searching for the Ethereum Foundation's Remaining Cash

Vitalik's Ethereum Foundation has gone lean — 54 people out, five domains of work defined, and a hard cypherpunk reboot underway. David breaks down the new structure, tries to piece together the EF's actual financial picture from its limited disclosures and on-chain data, and highlights ETH Labs — the new Ethereum R&D operation stacked with former EF contributors and backed by Tom Lee's BitMine and Joe Lubin's SharpLink. Enjoy! FOLLOW THE SHOW › David — https://x.com/dcanellis › The Breakdown — https://x.com/TheBreakdownBW › The Breakdown Newsletter — https://blockworks.com/newsletter/the-breakdown DISCLAIMER As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.