Welcome back to The Breakdown, everybody. I'm your host David Kennes, as always.

Today is going to be a super quick one because it is sweltering hot in Europe right now.

It's in the early 90s in Fahrenheit, where I am right now, which is mid-30, somewhere around there in Celsius.

And the Breakdown Studio is equally hot right now. So we're just going to keep it brief. But today we're

looking at the Ethereum Foundation shaker. It continues. We're going to look at the new mandate,

the new organizational structure. And we're also going to look at the financials of the Ethereum

Foundation as far as we can piece them together, at because as we might already know it's not the most

transparent organization when it comes to its financials but if we combine what we can see on chain

with its history of financial disclosures over the past couple of years then we should be able to get

a decent picture on on what the financial health looks like of the

EF moving forward into its next phase.

So without further ado, enough jibba jabba and so on.

This is the breakdown.

Let's get to it.

Nothing said on the breakdown is a recommendation to buy or sell securities or tokens.

This podcast is for informational purposes only and any views expressed by anyone on the show are opinions, not financial advice.

Host and guests may hold positions in the company's funds or projects discussed.

Okay. So before I jump into this, I do just want to highlight that, you know,

unpacking the organizational structure of non-profit

foundations is not exactly compelling content.

I mean, you have to be quite administration brain.

You have to be quite administrative brained in order to really get a kick out of, you know,

...