[Vitalik: Ethereum Foundation Budget Cut by 40%, Transitioning to Long-Term Fund Model] According to Vitalik Buterin, the Ethereum Foundation (EF) will reduce its budget by approximately 40% this year. As per its previously announced financial management plan, EF is transitioning from a model of spending about 15% of its remaining funds annually to spending about 5% annually after 2030, evolving into a long-term, donation-oriented organization. To achieve this, EF will adjust its multi-client model, rely more on AI-assisted formal verification, and shift the PSE privacy and scaling exploration team from 'exploration' to focused development around zero-knowledge proofs. The scale and losses of Devcon events will be reduced, large projects beyond Ethereum itself will be scaled back, and EF's institutional efforts will concentrate on smaller, replicable CROPS-friendly deployment cases.