Ethereum Foundation Loses Second Co-Director Amid $30M Funding Crisis Warning

Ethereum faces mounting governance pressure on June 19 as ETH trades near $1,690, down over 3% intraday. Former contributor Trent Van Epps warned of a potential core-development funding gap within 3-9 months after the Client Incentive Program expired in April 2026 and the Foundation pursues its subtraction strategy to cut annual spending toward 5% of treasury by 2030. The situation intensified with Hsiao-Wei Wang's resignation as co-executive director on June 18, marking the second such departure in four months, while more than ten client teams require roughly $30 million yearly to sustain operations.