Jin10 reported on May 2 that Allianz Chief Economist El-Erian stated that the April non-farm report confirmed the "lingering American exceptionalism." This indicates that we still have some momentum as we enter a difficult period. The question is, is this momentum strong enough to get us through the tough times?

This article reports the summary of the core developer meeting of Ethereum consensus layer, including the Pectra Devnet update, PeerDAS Devnet issues, and the implementation of "enginegetBlobsV1" and other topics. Among them, developers discussed how to increase the throughput of blobs and support the proposal EIP 7742.

Economist El-Erian said that there is a risk of Fed rate cuts in September, and the inflation impact after the election may have an effect on this. Although El-Erian expects that US policy will not cause market volatility like the UK, he believes that the Fed's biggest concern is the need to reverse rate cuts and restart rate hikes. El-Erian also said that although the possibility of rate hikes next year is low, major external shocks or fundamental policy changes may bring about rate hikes.

Mohamed El-Erian pointed out that the US economy is slowing down, and the favored inflation indicators of the Federal Reserve are showing signs of weakness, indicating an increasing risk of central bank policy mistakes. El-Erian stated that the Federal Reserve faces the risk of maintaining interest rates 'too high for too long'. In his view, the probability of a US economic recession is 35%, while the probability of a soft landing is 50%. The most likely mistake is that the Federal Reserve starts cutting interest rates too late, resulting in the final rate cut being higher than it should be.

Bitcoin's market dominance has exceeded 60%, entering a pullback zone. RSI is Overbought, indicating that alts may rebound. Kevin Capital is optimistic about alts but warns that ETH's performance may be poor.

ChainCatcher message, Tim Beiko, the protocol support lead of the Ethereum Foundation (EF), stated in an update: 'Well, it looks like I jinxed it... We are investigating issues caused by a custom deposit contract deployed by Sepolia. This has caused some issues for execution layer (EL) clients, including transactions in Block.' Earlier news, Pectra upgrade has been activated on the Sepolia testnet and entered the final testing phase.

Former Pacific Investment Management Company CEO Mohamed El-Erian said that due to higher-than-expected inflation data, the Fed may maintain the Intrerest Rate for a long time or even allow higher inflation to maintain economic rise. The market expects the Fed to postpone rate cuts until December, and the Fed may only cut rates by 0.25 percentage points at the end of the year. El-Erian believes that the Fed will extend the pause in Intrerest Rate.

Odaily Planet Daily News According to Hodler Investments Managing Partner and CEO of tokenization energy trading platform PermianChain Mohamed El-Masri, currently, BTC mining companies and AI data center operators have a high demand for natural gas. He believes that recovering energy from natural gas combustion may present a $16 billion business opportunity. It is stated that currently, most of the demand for natural gas can be met by converting the natural gas (a stranded energy source) produced by the combustion of natural gas into convertible energy for mining operations and high-performance computing. El-Masri said: "147,000,000,000 cubic meters of natural gas are burned globally every year. If these natural gases are sold on the market, the potential annual sales revenue or cash flow may be equivalent to 160.

On August 8th, according to Ukrainian public television citing Mexican media El Universal, Mexico's newly elected President López Obrador invited Russian President Putin and Ukrainian President Zelensky to attend the Mexican presidential inauguration ceremony in October. The Ukrainian Embassy in Mexico confirmed receiving the invitation and expressed gratitude, but also pointed out that Mexico recognizes the jurisdiction of the International Criminal Court. Therefore, if Putin appears in Mexico to attend the inauguration ceremony, the arrest warrant against him must be enforced.

The Spanish government has proposed that the Minister of Digital Transformation, Jose Luis Escriva, be appointed as the President of the Central Bank. The People's Party opposes the proposal, believing that the candidate should not be a current government official. The Spanish Minister of Economy has canceled the plan to announce the candidate on Thursday and stated that they will continue to negotiate the protocol for the candidate with the People's Party.

BlockBeats news, on December 2nd, Ava Labs founder and CEO Emin Gün Sirer (@el33th4xor) responded to community user questions at X, saying: 'Avalanche is in discussions with the upcoming US government, you won't see us flaunting our political relationships on social media. You will only suddenly see the results, which are entirely Avalanche'