Arthur Hayes: The new inflation cycle is here, and Bitcoin will be the best wealth shelter Renowned encryption community KOL Arthur Hayes has released his latest article, "Zoom Out," and stated, 'We have entered a new inflation mega-cycle. The characteristic of this cycle is that countries prioritize their own interests and experience high inflation. Governments will once again suppress their domestic depositors through financial means to finance wars.' There have been two types of periods in history: local periods and global periods. During local inflation periods, I should hold gold and avoid stocks and bonds. During global deflation periods, I should hold stocks and avoid gold and bonds. In the current cycle, we must pay close attention to the scale of fiscal deficits and the total credit provided by banks to non-financial institutions, rather than focusing mainly on changes in the central bank's balance sheet. Faced with the massive fiscal deficit and loose monetary environment shown by the data, Hayes is full of confidence in the future of Bitcoin. He asserts that as long as capital can still flow freely, shifting from fiat currency to Bitcoin and other cryptocurrencies will be the best choice for wealth preservation. Hayes predicts that the current situation is highly similar to the period from 1930 to 1970, so he advises investors to be prepared and transfer funds from the fiat currency system to cryptocurrency. When inflation strikes, Bitcoin will shine again.

Odaily Planet Daily News: Bitcoin DeFi platform ALEX Lab announced on X platform that all ALEX pools are now open, including GUS, MEGA, LONG, NOT, PEPE, MAX, STX, DIKO, and USDA pools. ALEX Lab Foundation has restored liquidity to ensure smooth trading for users.

According to Golden Finance, Morgan Stanley Wealth Management CIO Lisa Shalett said that the U.S. stock market will continue its upward trend in the second half of 2024, albeit at a slower pace. "Between now and the end of the year, the path of least resistance is for the market to move higher." Still, investors should have "modest expectations" for stock returns between now and December, with the S&P 500 pump up 12% year-to-date, Shalett added. Despite her optimism, Shalett said this year's expansion in corporate profits has already been reflected in stock prices, and as 2024 continues to advance, investors will need to start "borrowing" expectations for 2025. On the bright side, she expects earnings to extend to all zones of the market, not just the mega-cap tech giants that have driven most of the pump since last year.

On June 7, Lisa Shalett, CIO of Morgan Stanley Wealth Management, said that the U.S. stock market will continue its upward trend in the second half of 2024, although the pace will slow down. "Between now and the end of the year, the path of least resistance is for the market to move higher." Still, investors should have "modest expectations" for stock returns between now and December, with the S&P 500 pump up 12% year-to-date, Shalett added. Despite her optimism, Shalett said this year's expansion in corporate profits has already been reflected in stock prices, and as 2024 continues to advance, investors will need to start "borrowing" expectations for 2025. On the bright side, she expects earnings to extend to all zones of the market, not just the mega-cap tech giants that have driven most of the pump since last year.

Golden Finance reported that Ethereum core developers have released a meta-EIP for the EVM Object Format (EOF). This EIP consists of approximately 11 EIPs and aims to add an optional container for EVM code to enhance code verification and introduce new features. As a core proposal, the meta-EIP includes modifications to the execution layer and consensus layer to achieve a coupled upgrade. EIP-7692 outlines the scope of the initial version of EOF, known as Mega EOF. The next upgrade version of Ethereum, Pectra, already includes six EIPs, and the inclusion of EOF is currently being considered. In the upcoming ACDE call, developers will decide whether it is possible to include EIP-7702, which is an account abstraction update proposed by Vitalik Buterin.

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Golden Ten Data on April 28, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, published a blog today (28th) to introduce that the Hong Kong Special Administrative Region Government will release the estimated GDP for the first quarter next week, which is estimated to be within the forecast range of the annual economic rise, reflecting the fifth consecutive quarter of moderate rise of the Hong Kong economy. Chan Mo-po said that more than 800,000 tourists are expected to visit Hong Kong during the May Day holiday on Wednesday, and the Hong Kong Special Administrative Region (HKSAR) Government will continue to make every effort to organise mega events and activities with different themes to attract more long citizens, business and tourists to spend in Hong Kong and brighten up Hong Kong's economy.

On April 27th, Jinshi Data reported that there was a fire at the Jinko Energy Shanxi Base on April 26th. When Jinko Energy was asked for verification, the relevant personnel replied that the fire had been extinguished and on-site cleaning was being carried out, with no casualties. Other specific details are still being confirmed. In May last year, Jinko Energy announced plans to build a 56GW vertical integrated mega base project in Shanxi as part of the comprehensive reform demonstration zone, with a total investment of approximately 56 billion yuan.

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