Cena BigONE TokenONE

ICYMI: @MantaNetwork is one of the cheapest L2s for users, based on median transaction fee.

$LAC - One of the few stocks green two days in a row. Breaking a massive diagonal trend line. Two entries now in profit.

Microsoft pulled contractual commitments tied to Core Scientific’s AI partner, rattling investor confidence, though the tech giant remains a major revenue source. Bitcoin ( BTC ) miner Core Scientific saw its share price drop 10% on March 5 after Microsoft downsized contracts with CoreWeave, one of the firm’s business partners. Core Scientific and CoreWeave announced a $1.2 billion data center deal last month to provide high-performance computing services for the latter’s artificial intelligence and cloud computing operations. Following last year’s Bitcoin halving, which cut mining rewards in half, miners like Core Scientific have explored new revenue sources, including offering HPC services to AI and other compute-heavy firms. Following the news, CoreWeave unveiled its filing for an initial public offering. The filing stated that the firm seeks to raise $4 billion at a $35 billion valuation. CoreWeave’s S-1 registration, filed with the U.S. Securities and Exchange Commission, noted that “any negative changes in demand” from Microsoft would “adversely affect” its business, finances, and “future prospects.” This week, the Financial Times reported that Microsoft withdrew some of its contracts with CoreWeave, citing dissatisfaction with certain deliveries. However, Microsoft still accounts for 65% of CoreWeave’s business and could pay the firm $10 billion for services under a multi-year agreement. Core Scientific stock (NASDAQ: CORZ) fell up to 13% to $8.32 as investors assessed the new risk from Microsoft’s pullback and bankruptcy reorganization concluded. The firm hired ex-Morgan Stanley veteran Jim Nygaard to oversee its balance sheet as CFO during this new chapter.

Cardano Foundation has sealed a strategic partnership with Serviço Federal de Processamento de Dados, a state-owned information technology firm and the largest technology provider for the government of Brazil. Serviço Federal de Processamento de Dados, or SERPRO, is a leading software company. Meanwhile, the Swiss-based Cardano Foundation is a nonprofit organization supporting the development of the Cardano ( ADA ) blockchain network. The two entities announced their landmark collaboration on Mar. 6. SERPRO is the Brazilian government’s top technology partner, powering digital solutions for over 90% of the country’s federal administration. Joining forces with SERPRO will help Cardano accelerate blockchain adoption across Latin America, the two entities said. Key focus areas of the collaboration include innovation and blockchain education, as well as digital infrastructure integration across the public sector. Cardano’s blockchain, combined with SERPRO’s presence and expertise in public administration, will drive the government’s adoption of blockchain technology. As part of this collaboration, SERPRO will bring the Cardano Academy program to its 8,000 employees. More than 2,000 of these are developers. “This partnership represents a significant step forward in bringing blockchain technology to the heart of public sector innovation,” said Alexandre Gonçalves de Amorim, director-president of SERPRO. He added: “By combining SERPRO’s extensive public sector expertise with Cardano’s blockchain infrastructure, we’re positioning Brazil at the forefront of digital government transformation.” Frederik Gregaard, the chief executive officer of Cardano Foundation, noted that teaming up with the government is a significant step. Other than helping to modernize Brazil’s public sector via blockchain technology, integration also means enhanced transparency and improved service delivery. The partnership with SERPRO follows Cardano’s alliance with Petrobras , Brazil’s state-owned oil giant in December 2023. The strategic partnership also focused on blockchain integration and adoption in Brazil via initiatives of the Cardano Academy. Cardano’s ADA is one of the top cryptocurrencies that recently exploded amid news around the U.S. strategic crypto reserve.

Contributor shares new $JTO tokenomics aimed at returning value Andrew Thurman, a contributor to Jito Foundation, the entity behind a Solana-based liquid staking protocol, has presented a new utility and tokenomics model for the JTO token, according to The Block. Although not an official governance proposal, his paper suggests strategies for how the Jito DAO might optimally utilize its revenues. One of the key ideas includes the potential for token buybacks, aimed at returning value to its users.