Ethereum Halts Public Grants Amidst Economic Uncertainty

The Ethereum Foundation has paused public grant applications, reflecting the current economic climate marked by rising inflation and market volatility. This move follows a recent surge in U.S. core PCE price index, reaching 2.9% in July, representing the highest year-on-year increase since February 2025. This inflationary pressure is impacting investor sentiment globally, including in the cryptocurrency market. While some see this as a prudent precautionary step, others express concern about future project funding stability within Ethereum’s ecosystem.