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11:12
Galaxy releases its first annual report as a public company: fully committed to digital economy and AI infrastructure
BlockBeats News, April 9, according to official sources, Galaxy Digital released its first annual report as a Nasdaq-listed company. Founder and CEO Mike Novogratz stated that this listing is not only a milestone, but also a declaration that the digital economy has become a reality. Over the past eight years, Galaxy has continued to develop through the crypto industry's bull and bear cycles, regulatory uncertainties, and industry crises, and remains firmly optimistic that blockchain and digital assets will reshape the global financial system. Currently, the US regulatory framework is gradually clarifying, with banks, asset management institutions, and even the US government rapidly entering the market. The industry is shifting from being "narrative-driven" to "infrastructure-driven." The company’s strategic focus is now turning to building compliant financial infrastructure, including on-chain financial rails, custody solutions, and tokenization platforms to accommodate large-scale institutional capital moving on-chain. Meanwhile, Galaxy is intensifying its investment in AI infrastructure, with its Helios data center project in Texas, USA, having received over 1.6 gigawatts of power approval and reaching an 800-megawatt leasing agreement with AI cloud service provider CoreWeave, corresponding to an investment of over $7.5 billion. Combined with an additional 830 megawatt custom build-out, the long-term investment in the Helios project is expected to exceed $15 billion, positioning it as a key high-return, sustainable growth asset for the company. Despite increased market volatility in 2025, Galaxy continues to advance its key initiatives during downturns and sees the current phase as a long-term opportunity window. The company plans to continue expanding its global data center and digital infrastructure footprint, aiming to build a multi-region, multi-technology asset portfolio valued at over $100 billion. Novogratz stated that the digital economy is still in its early stages, and Galaxy has established an integrated platform covering institutional trading, asset management, on-chain infrastructure, and AI computing power. Going forward, the company will deeply participate in this transformation process for the long term.
10:45
EU Economic Commissioner: Risks of Stagflation Impacting European Economy
On April 9, EU Economic Commissioner Valdis Dombrovskis stated in the European Parliament that the EU faces the risk of concurrent inflation and economic stagnation due to the war in Iran. He pointed out that despite the announcement of a ceasefire this week, the long-term outlook remains shrouded in significant uncertainty. Dombrovskis warned that the European economy is at risk of stagflation. He indicated that EU analysis suggests that in a short-term disruption scenario, economic growth could be approximately 0.2 to 0.4 percentage points lower than the EU's predictions from last autumn, while inflation could be 1 percentage point higher. He stated: If supply disruptions are more severe and prolonged, the negative impact on growth will be greater. Growth in 2026 and 2027 could be 0.6 percentage points lower, with inflation being even higher.
10:44
Tesla is reportedly developing a new compact SUV, which will be more affordable.
Golden Ten Data reported on April 9 that, according to informed sources, Tesla is developing a brand-new, smaller, and more affordable electric SUV. The company has contacted suppliers in recent weeks to discuss details about this compact SUV, which will be a new model rather than a facelift of Tesla's existing Model 3 or Model Y. Sources indicate that this compact SUV will be produced in China, while another said Tesla also plans to expand production to the United States and Europe. The vehicle measures 4.28 meters (approximately 14 feet) in length, noticeably shorter than Tesla's best-selling Model Y SUV (around 15.7 feet). Previously, Elon Musk decided in 2024 to cancel the highly anticipated low-cost electric vehicle project and shift the company's focus to robotaxis and humanoid robots. Whether this latest attempt to develop a more compact SUV marks a strategic return to mass-market, manually driven electric vehicles or if the new car will better fit Tesla's vision for fully autonomous vehicles remains a key question. According to sources and one employee, this new model might serve both purposes. The employee declined to confirm or deny details of any specific model, but stated that, overall, Tesla's current goal is to produce driverless cars that also offer a manual driving option.
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