Ethereum Foundation Unveils New Leadership

CRYPTO
Ethereum Foundation Unveils New Leadership

The Ethereum Foundation has announced a leadership change after months of community concerns about the project's direction. The new structure introduces two co-directors: Hsiao-Wei Wang, a core researcher at the Foundation, and Tomasz Stańczak, CEO of Nethermind. Wang, with seven years of experience, and Stańczak, who scaled Nethermind into a global firm, will assume their roles on March 17.

The shift comes as Ethereum faces challenges, including price struggles, competition from high-throughput chains, and concerns over layer-2 scaling solutions. In a January blog post, Vitalik Buterin proposed increasing transaction capacity and requiring layer-2 solutions to contribute fees to Ethereum’s base layer.

To strengthen finances, the Foundation deposited 45,000 ETH ($120M) into decentralized finance protocols. Marketing efforts are also ramping up, with the launch of Etherealize, a new initiative targeting institutional investors. Additionally, the Foundation recently sought a social media manager to enhance Ethereum’s online presence.

TECH
Nvidia Stock Drops Despite Earnings Beat

Nvidia’s revenue slightly exceeded Wall Street’s expectations, but investors expected stronger performance, leading to an 8.5% stock drop. Despite this, Bank of America remains bullish, raising its price target by 5% to $200, a 53% upside from Wednesday’s close. Nvidia’s revenue grew 78% year-over-year to $39.3 billion, narrowly beating projections. First-quarter guidance of $43 billion surpassed estimates by $1 billion, though investors hoped for a larger margin.

Bank of America highlighted Nvidia’s dominance in AI, despite concerns over DeepSeek’s budget-friendly language model, Chinese trade restrictions, and rising costs for its Blackwell chip rollout. Blackwell sales hit $11 billion, far exceeding forecasts. Nvidia expects margin recovery by fiscal 2026.

With its GTC trade show approaching, excitement is building for upcoming product announcements, including Blackwell Ultra and AI platform Vera Rubin. Analysts anticipate renewed investor enthusiasm, reaffirming Nvidia’s leadership in AI and its long-term growth potential.

TECH
Microsoft Restores Services After Outage

Microsoft restored services Saturday evening after an outage left thousands unable to access Outlook and other programs. The disruption, affecting Microsoft Outlook, Exchange, Teams, Microsoft 365, and Azure, began around 3:30 p.m. ET. Downdetector recorded over 37,000 Outlook outage reports, 24,000 for Microsoft 365, and 150 for Teams, with major impacts in New York, Chicago, and Los Angeles.

Users flooded social media platform X with complaints, raising concerns about a widespread Microsoft outage. Microsoft 365 Status, the company’s official service update account, acknowledged the issue, stating, “We’re investigating an issue in which users may be unable to access Outlook features and services.”

By Saturday evening, Microsoft confirmed that service was fully restored. The company updated its service health page, stating, “Everything is up and running.” A follow-up post on X from Microsoft 365 Status reiterated that the issue had been resolved, reassuring users that normal operations had resumed.

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