🚀 Microsoft Plans To Invest $10 Billion In AI Startup CoreWeave By 2030
#Microsoft #investment #AI #CoreWeave #servers #contracts #revenue #CoreScientific #dataCenter #HPC #technology
According to Odaily, Microsoft is planning to invest nearly $10 billion by 2030 to lease servers from the artificial intelligence startup CoreWeave. This information was revealed in comments made by the company to its investors. The amount is reportedly larger than previously known and represents more than half of the $17 billion in contracts CoreWeave has signed with its clients. CoreWeave anticipates its revenue to quadruple next year, reaching approximately $8 billion. Both CoreWeave and Microsoft have yet to comment on this development.
Previously, CoreWeave signed a multi-year contract with Bitcoin mining company Core Scientific. Under this agreement, Core Scientific will provide up to 16MW of data center infrastructure to host CoreWeave's operations. Recently, Core Scientific announced an expansion of its hosting contract with CoreWeave, which will add 120 MW of power for CoreWeave's high-performance computing (HPC) operations. This extension will bring the total power capacity across six Core Scientific sites to 500 MW.#Microsoft #investment #AI #CoreWeave #servers #contracts #revenue #CoreScientific #dataCenter #HPC #technology
🚀 U.S. Government Efficiency Department Cancels $420 Million in Contracts
#USGovernment #Contracts #Efficiency #Diversity #Equity #Inclusion #BudgetCut #ElonMusk #DOGE #FederalBudget
According to Odaily, the U.S. Government Efficiency Department (DOGE) announced on Friday via a post on X that it has canceled existing or soon-to-be-signed government contracts worth approximately $420 million within 80 hours, along with two leases. BusinessInsider's calculations indicate this equates to about $126 million in contracts canceled daily. If the department maintains this pace from January 20, 2025, to July 4, 2026, over 530 days, it could potentially cancel around $67 billion in contracts annually. This would account for approximately 3% of Elon Musk's initial $2 trillion federal budget cut target or 7% of his revised $1 trillion goal. Currently, DOGE is primarily focused on contracts related to diversity, equity, and inclusion (DEI) and unused buildings. However, it cannot directly alter the federal budget without congressional approval. The temporary DOGE service is set to terminate on July 4, 2026.#USGovernment #Contracts #Efficiency #Diversity #Equity #Inclusion #BudgetCut #ElonMusk #DOGE #FederalBudget
🚀 U.S. Government Cancels Contracts Worth $420 Million Under Trump's Second Term
#USGovernment #Trump #Contracts #Diversity #Equity #Inclusion #DEI #Cancellation
According to Odaily, the U.S. Department of Government Efficiency (DOGE) announced that approximately $420 million worth of existing or pending contracts were canceled within the first 80 hours of Donald Trump's second term. This includes the termination of two leasing agreements. The majority of the canceled contracts were related to diversity, equity, and inclusion (DEI) programs. Agreements concerning vacant properties were also affected. Further details regarding the reasons for these cancellations have not been disclosed.#USGovernment #Trump #Contracts #Diversity #Equity #Inclusion #DEI #Cancellation
🚀 U.S. Government Cancels Contracts to Save Taxpayer Money
#USGovernment #TaxpayerMoney #Contracts #WastefulSpending #ElonMusk #DOGE #ClimateSmart #Agriculture #EnvironmentalCompliance
According to Odaily, the U.S. government's efficiency department, DOGE, announced on the X platform that it has collaborated with 10 organizations to terminate 586 contracts deemed wasteful of taxpayer funds. Among these is an $8.2 million contract with the U.S. Department of Agriculture, intended for environmental compliance services under a pilot project developed through the Climate-Smart Commodity Partnership. The announcement received support from Elon Musk, who shared the post.#USGovernment #TaxpayerMoney #Contracts #WastefulSpending #ElonMusk #DOGE #ClimateSmart #Agriculture #EnvironmentalCompliance
🚀 U.S. Government Cancels Contracts, Saving Millions
#USGovernment #Contracts #Savings #Efficiency #DOGE #Odaily #Agriculture #LeadershipSeminar #StudyTour
According to Odaily, the U.S. government's efficiency department, DOGE, announced on the X platform that 95 contracts have been canceled, resulting in savings of approximately $115 million, with a potential maximum value of around $235 million. Among the canceled contracts are two from the U.S. Department of Agriculture: one valued at $265,000 for a 'Food and Nutrition Service 3-Day Leadership Seminar' in Atlanta, and another worth $30,000 for 'Study Tour Services in Malaysia.'#USGovernment #Contracts #Savings #Efficiency #DOGE #Odaily #Agriculture #LeadershipSeminar #StudyTour
🚀 Cryptocurrency Market Experiences $199 Million in Liquidations Over 24 Hours
#Cryptocurrency #Market #Liquidations #Bitcoin #Ethereum #Coinglass #PANews #Contracts
According to PANews, data from Coinglass reveals that the cryptocurrency market saw contract liquidations totaling $199 million in the past 24 hours. Of this amount, long positions accounted for $125 million, while short positions amounted to $73.6875 million. Bitcoin liquidations reached $57.3101 million, and Ethereum liquidations totaled $40.5686 million.#Cryptocurrency #Market #Liquidations #Bitcoin #Ethereum #Coinglass #PANews #Contracts
🚀 Bitcoin Contract Open Interest Sees Slight Decline
#Bitcoin #OpenInterest #Contracts #Cryptocurrency #Coinglass #CME #CentralizedExchanges #BTC
According to TechFlow, data from Coinglass on May 24 indicates that the total open interest for Bitcoin contracts across the network reached 708,500 BTC, approximately valued at $77.119 billion, marking a 0.67% decrease over the past 24 hours. Among centralized exchanges (CEX), the Chicago Mercantile Exchange (CME) leads with 160,400 BTC, valued at around $17.450 billion, accounting for 22.62% of the total, with a 0.3% decline in the last 24 hours. Following CME, another CEX holds 118,000 BTC, valued at approximately $12.849 billion, representing 16.66% of the total, with a 0.23% increase over the same period.#Bitcoin #OpenInterest #Contracts #Cryptocurrency #Coinglass #CME #CentralizedExchanges #BTC
🚀 Cryptocurrency Market Experiences $200 Million Liquidation in 24 Hours
#Cryptocurrency #Market #Liquidation #Coinglass #Contracts #LongPositions #ShortPositions #PANews
According to PANews, data from Coinglass reveals that the cryptocurrency market witnessed a significant liquidation of contracts totaling $200 million over the past 24 hours. Of this amount, long positions accounted for $130 million, while short positions saw liquidations amounting to $70.07 million.#Cryptocurrency #Market #Liquidation #Coinglass #Contracts #LongPositions #ShortPositions #PANews
🚀 Cryptocurrency Market Experiences $125 Million Liquidation in 24 Hours
#Cryptocurrency #Market #Liquidation #Bitcoin #Ethereum #PANews #Coinglass #Contracts #LongPositions #ShortPositions #BTC #ETH
According to PANews, data from Coinglass reveals that the cryptocurrency market witnessed a total liquidation of $125 million in contracts over the past 24 hours. Long positions accounted for $52.65 million of the liquidations, while short positions saw $72.70 million in liquidations. Bitcoin (BTC) experienced a liquidation amounting to $25.09 million, whereas Ethereum (ETH) faced liquidations totaling $38.54 million.#Cryptocurrency #Market #Liquidation #Bitcoin #Ethereum #PANews #Coinglass #Contracts #LongPositions #ShortPositions #BTC #ETH
🚀 Ethereum Contract Holdings Reach Record High
#Ethereum #Contracts #RecordHigh #Blockchain #Crypto #ETH
According to TechFlow, data from Coinglass indicates that the total value of Ethereum contracts across the network has surpassed $52 billion, currently standing at $52.411 billion. This marks a new all-time high, with a 1.32% increase over the past 24 hours.#Ethereum #Contracts #RecordHigh #Blockchain #Crypto #ETH
🚀 Venezuela and U.S. to Revise Oil Production Contracts
#Venezuela #US #oilproduction #contracts #NicolásMaduro #energysector #collaboration #oilindustry
Venezuela and the United States are reportedly set to revise oil production-sharing contracts signed during the tenure of President Nicolás Maduro. According to Jin10, sources indicate that both countries may also consider terminating certain agreements. This development comes amid ongoing discussions between the two nations regarding their energy sector collaboration. The potential changes in contracts could have significant implications for the oil industry in Venezuela, which has been a critical area of focus for both domestic and international stakeholders.#Venezuela #US #oilproduction #contracts #NicolásMaduro #energysector #collaboration #oilindustry
🚀 Crude Oil Contracts Lead Liquidations as Network Sees $90 Million Loss
#CrudeOil #Contracts #Liquidations #Network #Loss #NS3AI #OilMarket
Liquidations across the network have totaled approximately $90.0843 million in the past hour. According to NS3.AI, a significant portion of these liquidations, amounting to $29.2 million, originated from crude oil contracts.#CrudeOil #Contracts #Liquidations #Network #Loss #NS3AI #OilMarket
🚀 BP Cancels 24-Hour Rolling Contract Extension Arrangement
#BP #Energy #Business #Contracts #CorporateStrategy #OilAndGas
British Petroleum (BP) has announced the cancellation of its previous 24-hour rolling contract extension arrangement. According to Jin10, this decision marks a significant shift in BP's contractual operations, potentially impacting its business dealings and partnerships. The company has not provided further details on the reasons behind this change or its implications for future contracts. This move may reflect broader strategic adjustments within BP as it navigates the evolving energy market landscape.#BP #Energy #Business #Contracts #CorporateStrategy #OilAndGas
🚀 S&P 500 Contracts Experience Significant Liquidation Following BTC Decline
#SP500 #BTC #Liquidation #Crypto #ETH #Hyperliquid #Whale #Contracts #MarketLoss
On March 26, a substantial liquidation of S&P 500 mapping contracts occurred, amounting to $11.7 million within an hour, according to BlockBeats. This figure ranks third in size after BTC and ETH liquidations. The majority of this liquidation originated from a single address on Hyperliquid, identified as a whale starting with 0x965.
The trigger for this liquidation was not a significant drop in the S&P 500 itself, but rather a brief decline in BTC that affected account margins. This led to pressure on the S&P 500 long positions held by the address, resulting in the liquidation of 1,779.8 long contracts, equivalent to approximately $11.63 million, with a recorded loss of about $195,000.#SP500 #BTC #Liquidation #Crypto #ETH #Hyperliquid #Whale #Contracts #MarketLoss
🚀 Crypto Market Makers: Key Considerations for Token Foundations and Exchanges
#Crypto #MarketMakers #TokenFoundations #Exchanges #DueDiligence #Contracts #Blockchain #Cryptocurrency #MarketStrategy #OperationalDiscipline
The Block Research has developed a comprehensive five-part framework to assist token foundations and exchanges in selecting crypto market makers. According to NS3.AI, this guide emphasizes the importance of evaluating reputation, technical capability, market specialization, operational discipline, and cost structure. Additionally, it highlights the significance of conducting thorough due diligence and designing effective contracts to ensure successful partnerships.#Crypto #MarketMakers #TokenFoundations #Exchanges #DueDiligence #Contracts #Blockchain #Cryptocurrency #MarketStrategy #OperationalDiscipline
🚀 CFTC to Consider Sports League Input on Prediction Market Contracts
#CFTC #SportsLeagues #PredictionMarkets #MichaelSelig #NFL #Kalshi #Polymarket #Contracts #NS3AI
CFTC Chairman Michael Selig announced that the agency will place significant emphasis on the opinions of sports leagues when assessing prediction market contracts. According to NS3.AI, the NFL has communicated with platforms like Kalshi and Polymarket, advising them to steer clear of contracts linked to outcomes that can be easily manipulated or predetermined.#CFTC #SportsLeagues #PredictionMarkets #MichaelSelig #NFL #Kalshi #Polymarket #Contracts #NS3AI
🚀 Binance Futures to Update Leverage and Margin Tiers for USD-M Perpetual Contracts
#Binance #Futures #Leverage #Margin #USDPerpetual #Contracts #Trading #RiskManagement #Crypto #Cryptocurrency #Update #Finance #ZEN #FF
According to the announcement from Binance, the platform will implement updates to the leverage and margin tiers for several USD-M Perpetual Contracts on 2026-04-10 at 06:30 (UTC). The update is expected to be completed within approximately one hour. This change will affect existing positions opened before the update, and users are advised to adjust their positions accordingly to avoid potential expirations of futures running grids.
The contracts affected by this update include XPLUSDT, FFUSDT, 0GUSDT, WIFUSDT, WUSDT, ZENUSDT, LINEAUSDT, NMRUSDT, PROVEUSDT, BERAUSDT, SNXUSDT, KAITOUSDT, SUSHIUSDT, MOODENGUSDT, ERAUSDT, TRBUSDT, SPKUSDT, and BIOUSDT. For each contract, the leverage and margin tiers will be adjusted, impacting the notional value positions and maintenance margin rates. For instance, the leverage for positions between 0 and 5,000 USDT will remain at 51 - 75x with a maintenance margin rate of 1.00%, while other tiers will see changes in leverage and position limits.
Users holding positions in these contracts should review the new leverage and margin tiers to ensure compliance with the updated requirements. The changes are part of Binance's ongoing efforts to optimize trading conditions and risk management for its users. It is crucial for traders to stay informed about these updates to manage their positions effectively and mitigate any potential risks associated with the changes in leverage and margin requirements.#Binance #Futures #Leverage #Margin #USDPerpetual #Contracts #Trading #RiskManagement #Crypto #Cryptocurrency #Update #Finance #ZEN #FF
🚀 Federal Judge Halts Arizona's Arraignment of Kalshi Over Prediction Market Contracts
#FederalJudge #Arizona #Kalshi #PredictionMarket #Contracts #TemporaryRestrainingOrder #GamblingLaws #CommodityFuturesTradingCommission #CFTC #Lawsuit #Swaps
A federal judge has issued a temporary restraining order preventing Arizona from proceeding with the arraignment of Kalshi on 20 criminal charges related to its prediction market contracts. According to NS3.AI, District Judge Michael Liburdi ruled that Arizona cannot conduct Kalshi's arraignment scheduled for Monday, April 13. The order prohibits Arizona from applying its gambling laws to contracts listed on designated contract markets regulated by the Commodity Futures Trading Commission (CFTC). The CFTC, which has filed a lawsuit against Arizona and two other states, contends that these event contracts are considered swaps under federal oversight.#FederalJudge #Arizona #Kalshi #PredictionMarket #Contracts #TemporaryRestrainingOrder #GamblingLaws #CommodityFuturesTradingCommission #CFTC #Lawsuit #Swaps