On June 23, Vitalik Buterin revealed that the Ethereum Foundation (EF) will reduce its budget by approximately 40% this year. According to its previously announced financial management plan, EF is transitioning from a model where it spends about 15% of its remaining funds annually to a model where it will spend about 5% annually after 2030, moving towards a long-term donation-oriented organization. To this end, EF will adjust its multi-client model, relying more on AI-assisted formal verification. The PSE privacy and scalability exploration team will shift from 'exploration' to a focus on building around zero-knowledge proofs. The scale and losses of Devcon events will be reduced, and large projects beyond Ethereum itself will also decrease. EF's institutional work will focus on smaller-scale, replicable CROPS-friendly deployment cases.