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Ethereum Foundation sees continued staff departures; 5 senior members leave in May

Two more key researchers have resigned from the Ethereum Foundation, lifting confirmed major departures this year to at least eight. Cointelegraph reported that Julian Ma and Carl Beek left after 4 and 7 years, respectively. Their exits bring to 5 the number of senior developers and researchers who have left in May alone. The departures follow earlier resignations and a leadership shake-up signalled by Ethereum co-founder Vitalik Buterin.

Crypto

JPMorgan warns Ethereum, altcoins may keep lagging bitcoin for now

JPMorgan warned that Ethereum and major altcoins may continue to underperform bitcoin for the time being, citing slowing network activity and weaker liquidity. It said bitcoin is holding up on institutional flows and spot ETF demand, while Ethereum and altcoins lag in recovering from earlier market declines. The bank pointed to reduced DeFi activity, repeated hacks and falling Ethereum TVL share, and said upcoming upgrades will help only if they drive sustained usage demand.

Crypto

Ethereum may yet target $2,600 as derivatives show no sharp bearish turn

Ethereum has repeatedly failed to break above $2,400, but derivatives indicators still leave room for a move toward $2,600, an analysis said. Futures funding rates have recovered from negative territory, while put option activity on Deribit has stayed below calls since May 4. The report cited macroeconomic uncertainty and a series of DeFi-related hacks, but said these were tied to protocol-specific bugs rather than structural issues in Ethereum.