Arbitrum Foundation Steps Up to Fund ‘Ethereum News Weekly’ After Ethereum Foundation Cuts Support

On January 2nd, Ninal Rong, the Head of Partnerships at Arbitrum Foundation, confirmed that the foundation will maintain its financial support for the “Ethereum News Weekly.” This move comes after the Ethereum Foundation announced the discontinuation of funding, which led to the newsletter’s threatened closure. Founder Evan Van Ness expressed disappointment, revealing that the Ethereum Foundation had allocated $135 million in 2023; however, they deemed the popular newsletter unworthy of further investment. Van Ness highlighted the conversation with Ethereum leadership that resulted in the unfavorable decision, stating a clear disconnect regarding the perceived value of this critical news resource. The Arbitrum Foundation aims to engage with Van Ness to keep the informative channel operational, illustrating a commitment to fostering essential dialogue within the Ethereum ecosystem. This ongoing funding can enhance community engagement and help illuminate developments impacting the crypto market.