News

DL News announced its closure. The media outlet was launched in 2022 as the news division of DeFiLlama and was initially intended to become a profitable business, but failed to achieve this goal. DL News stated that internal conflicts within DeFiLlama in early 2023 led to its separation from the parent company, retaining only the name and brand. The deteriorating media environment and the unsustainable subscription model were cited as the main reasons. DL News also mentioned that DL Research, its research arm launched in 2024, will achieve 270% revenue growth in 2025, with annual sales surpassing one million US dollars and clients including several leading crypto companies.

BlockBeats News, May 8th - New York Fed President Williams stated on Thursday that despite the government's massive borrowing, the demand for U.S. Treasuries remains strong. Williams said the Fed is closely monitoring the government's high borrowing levels. He noted that, although surprising, the market's demand for U.S. Treasuries is still "enormous," and the United States is still seen as the world's strongest economy and an ideal safe haven for capital, "even in the face of various geopolitical issues and other factors, this situation has not changed." Williams also said that the U.S. economy has shown significant resilience amid the energy shock triggered by the Middle East war. He said that given the surge in energy prices, the "biggest issue" is how the situation will develop, and added that in response to persistent high inflation, the Fed will "ensure" and work to bring the inflation rate back to the 2% target level. (FXStreet)

He pointed out that the growing demand for electricians, construction workers, chip manufacturing workers, and data center infrastructure experts indicates that the wave of artificial intelligence construction has already begun to impact broader sectors of the economy. "The labor shortage we face is very serious, and demand for all these technical workers is extremely high," said Jensen Huang. He also stated that NVIDIA's new partnership with Corning represents an important opportunity to rebuild critical parts of the U.S. technology supply chain. "Frankly, we are expanding optical applications on an unprecedented scale," Huang said. "This is a fantastic opportunity because we can leverage this market dynamic to reinvest and revitalize American manufacturing, something that hasn't happened for generations."