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08:00

The US invites officials from Japan and South Korea to Alaska to discuss the $44 billion natural gas pipeline project.

On May 23, two sources familiar with the plans revealed that the United States has invited officials from Japan and South Korea to Alaska to discuss cooperation, including a large-scale natural gas pipeline project. Many Asian governments are considering investing in the United States in an effort to ease the pressure on President Trump's tariff policy. The Trump administration's head of energy affairs, Home Secretary Doug Burgum and Energy Secretary Chris Wright, will host the June 2 event, sources said. The event will include a visit to Alaska's remote North Slope region, where the U.S. is trying to develop untapped gas fields through a proposed $44 billion pipeline project, one of the sources said. The natural gas will be transported through the 800-mile (about 1,300-kilometer) pipeline through Alaska, mainly to customers in Asia, before being liquefied. But the Alaska meeting was not, the sources said

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23:54

The U.S. Senate voted to confirm Doug Burgum as Secretary of the Interior.

On January 31, Jin Shi data reported that on January 30, local time, the US Senate voted on the candidate for Secretary of the Interior. Doug Burgum has received enough support votes to confirm his appointment as Secretary of the Interior. On November 14 last year, Trump announced the nomination of Doug Burgum, Governor of North Dakota and Republican, as his Secretary of the Interior after taking office as president.

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15:08

Economist: Canadian CPI data unfavorable to the Central Bank of Canada

On December 17th, Jinshi Data reported that Doug Porter, Chief Economist at the Capital Market of the Bank of Montreal, said that the November CPI data was a shock to the Central Bank of Canada. The short-term core CPI data favored by the Central Bank of Canada shows that potential price pressures are increasing, which is offset by the overall CPI slowing to 1.9%. However, the core CPI for the fourth quarter will be close to the average level of 2.65%, or higher than the Central Bank of Canada's forecast of 2.3%. The weakness of the Canadian dollar may further push up prices. Overall, the Central Bank of Canada may cut interest rates by 25 basis points at the appropriate time.

02:21

Trump chooses North Dakota Governor Doug Burgum to lead domestic affairs

Trump selects North Dakota Governor Doug Burgum to lead the Interior Department. Burgum, a billionaire, was once Trump's rival in the election. He will oversee more than 500 million acres of federal land, as well as underground fossil fuels and minerals. This will be a key part of Trump's commitment to increase oil and natural gas production.

02:16

Trump chooses North Dakota governor to lead the interior

Trump picked North Dakota Governor Doug Burgum to lead the Department of the Interior, putting a former rival in charge. Burgum, a self-made billionaire, has played a role in building relationships with Trump. If confirmed, he would oversee federal land, fossil fuels, and minerals, becoming a key part of Trump's push to boost oil and gas production.

14:29

Economists: Data shows that Central Bank will continue to cut interest rates

On September 4th, Jin10 Data reported that Doug Porter, Chief Economist of Capital Market at Montreal Bank, Canada, said that the interest rate cut by the Canadian Central Bank was widely expected by the market. The market also expects that there is a very small possibility of a 50 basis point rate cut, but since the last meeting, the Central Bank has not gathered enough information to take such aggressive measures, although the possibility of more aggressive action still exists. Overall, inflation data is slightly better than expected, while unemployment data is slightly worse than expected, all pointing to one direction, which is an interest rate cut.

14:48

On June 5, Jin10 Data reported that Doug Porter, chief economist at the Montreal Bank Capital Markets, said that the overall tone of the Bank of Canada's official statement, as well as Governor McKlem's remarks at the press conference, pointed to further interest rate cuts. Porter said, "The Bank of Canada is more dovish than we expected, but still maintains a healthy cautious attitude." Officials seem to be impressed by the months-long slowdown in inflation. He added that after nearly two years of restrictive monetary policy, interest rate cuts are an important turning point for the central bank and most G7 central banks.

13:45

According to Jinshi Data on May 21, Doug Porter, chief economist at Bank of Montreal, said that although the April CPI data marked the fourth consecutive report showing slowing inflation, it is still difficult to predict whether the Bank of Canada will cut interest rates on June 5. As of April, the core CPI annual indicator was at its lowest level since mid-2021, when the Bank of Canada's interest rate was 0.25% and the voices of interest rate hikes weakened. Porter said that Canada's monetary policy is tight, which is reflected in the weakness of consumer spending. However, he said that the key question facing the Bank of Canada is whether "inflation has been suppressed enough" to start cutting interest rates. Bank of Canada Governor Macklem has said that inflation does not need to reach the central bank's 2% target before starting to cut interest rates.

06:43

Doug Colkitt, founder of the Decentralization Exchange protocol ambient, posted on the X platform: "Ethereum is the only chain that has a long-term plan to solve state bloat. The Verkle tree allows witness data to be small enough to be attached to each block. This means that validators and Nodes can become stateless, and all state can be stored off-chain (more efficiently). ” In response, Andre Cronje, director of the Fantom Foundation, said: "Any chain that uses probabilistic finality or any variant of the law of the longest chain will not solve this problem. But I'm pretty confident to say that we've solved Fantom's state bloat problem. The first is aBFT Consensus, which does not require the law of the longest chain, and after the 2n+1/3 validator knows the previous knowledge of 2n+1/3, we truncate all the data needed to reach this state before. This means that we can get rid of everything before the 2 epoch state. Next up is our new DB Carmen, Flat Storage, which has no tree or tree structure while maintaining the world-state cryptographic signature, which further greatly reduces the current active state bloat (2 epochs). Finally, Carmen natively supports real-time pruning, and the archive Node still needs to keep everything, but most validators can run with pruning enabled. Using the above method has reduced our status from about 2TB (archive) to 60GB (archive). Since our inception, state expansion has been one of our core milestones. ”

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03:08

Bank of Montreal: Canadian economic data will not push the Bank of Canada to start cutting interest rates anytime soon

Doug Porter, chief economist of capital markets at the Bank of Montreal, believes that the overall picture at the moment is that the Canadian economy is trying to grow, but it is remaining at a level slightly above the recession. It's almost against the current, and the growth of the Canadian economy is really tough. Overall, this is slightly weaker than the Bank of Canada's expectations in the second, third and early fourth quarters, but not much different. But Poter said he doesn't think this will really push the Bank of Canada to start cutting rates anytime soon, although it does reinforce the view that the Bank of Canada doesn't need to raise rates again.

08:32

Institutions: U.S. Treasury yields have limited downside

BCA Research analyst Doug Peta said that US Treasury yields will trade in a range for some time. He believes that the yield on the 10-year Treasury note will remain above 4% after peaking at 5%, as it has been since July. "As we think the Fed will be quite cautious in cutting rates, we think there is a floor for the 10-year Treasury yield," he said. Peta expects the Fed to cut interest rates three times starting next summer. However, the Fed will be cautious so as not to trigger a rise in inflation expectations.

18:21

According to Doug Colkitt, founder of the Ambient exchange, the attackers who stole $46 million from KyberSwap relied on "sophisticated and well-designed smart contract vulnerabilities" to carry out the attack. Colkitt called the vulnerability an "infinite money glitch", and according to him, the attackers exploited KyberSwap's unique implementation of the centralized liquidity feature to "trick" the contract into believing that it had more liquidity than it actually was.

01:53

U.S. shale oil giant warns: Oil prices will soar to $150 unless the government encourages production increases

Doug Lawler, CEO of U.S. shale oil giant Continental Resources, warned that oil prices will rise to $150 a barrel unless the U.S. government takes more steps to encourage drilling. Lawler said that even if oil prices break through the $100 mark, Continental Resources has no plans to increase production. Without new production, crude oil prices will remain high and could rise to a range of $120 to $150 a barrel, "which would send a shock to the entire system."