News

According to a report by Jinse Finance, "Fed whisperer" Nick Timiraos stated that Federal Reserve Governor Waller continues to hold the most dovish stance among his colleagues on the Federal Open Market Committee (FOMC). Not long ago, Waller said, "I fully support the idea that perhaps we should start considering cutting policy rates at the next meeting, because we don't want to wait until the job market collapses before we begin to lower rates." Waller hinted at the internal dynamics of the committee—based on current data, there is no support within the FOMC for a rate cut in July. This raises a question: is he laying the groundwork to "dissent in favor of a rate cut" at the July meeting? Among those hoping to be nominated as Fed Chair, Waller may be the one who has provided the most theoretically robust arguments for a rate cut so far.

Odaily Planet Daily News: Meeting minutes show that the 214th Ethereum Execution Layer Core Developer Meeting (ACDE) revisited decisions made in the previous session and agreed to keep the final scope of the Fusaka upgrade largely unchanged, with the addition of one extra EIP, namely EIP-7939. Developers agreed to include the following 12 EIPs in the Fusaka upgrade: EIP-7594 (PeerDAS - Peer Data Availability Sampling), EIP-7823 (Setting an upper limit for MODEXP), EIP-7825 (Transaction Gas Limit), EIP-7883 (Increased ModExp Gas Cost), EIP-7892 (Blob-Only Parameter Hard Fork), EIP-7917 (Deterministic Proposer Lookahead), EIP-7918 (Blob Base Fee Limited by Execution Cost), EIP-7935 (Set Default Gas Limit to XX0M), EIP-7951 (Precompile for secp256r1 Curve Support), EIP-7907 (Metering Contract Code Size and Increasing Limit), EIP-7934 (RLP Execution Block Size Limit), and [New] EIP-7939 (New Opcode for Counting Leading Zeros). Developers adjusted some EIP implementation details: the EIP-7907 contract code size limit was reduced from 256KB to 48KB; the blob base fee parameter in EIP-7918 was changed from 2^14 to 2^13; and the maximum blob count parameter was moved from EIP-7892 to EIP-7594. The meeting decided that if at least three consensus layer and three execution layer client teams are ready, the Fusaka Devnet 2 testnet will be launched on June 23. Developers also discussed two new proposals for the Glamsterdam upgrade, but due to insufficient test data, some parameter adjustments will be postponed to the Devnet 3 phase.