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⑴ As the military conflict in Iran escalates, Japan's three major shipping companies have suspended operations in the Persian Gulf. A spokesperson for Nippon Yusen stated that its vessels have temporarily stopped passing through the Strait of Hormuz. Kawasaki Kisen has instructed its ships in the Persian Gulf to remain on standby. Mitsui O.S.K. Lines has ordered its vessels to wait in safe waters. ⑵ Approximately 90% of Japan's crude oil imports rely on the Middle East, and the Strait of Hormuz is a critical chokepoint for the country's energy lifeline. The suspension of shipping operations will directly impact Japan's energy supply security, further intensifying market concerns over a surge in oil prices.

PANews reported on March 1 that, according to on-chain analyst Yujin's monitoring, the governance dispute between Aave's development team and its community has lasted for three months since early December. During this period, Aave's TVL has dropped from $36 billion to the current $26.5 billion (according to defillama data). This decline is due both to the depreciation of major deposit/collateral assets such as WBTC and ETH, and to whales reallocating their funds to other lending platforms as a result of the governance controversy. The largest whale to reallocate is Justin Sun. During this period, he withdrew $910 million in stablecoins from Aave and redeposited them into Sky and its sub-DAO Spark. Since early December, his deposits in Sky and Spark have increased from $570 million to $1.48 billion.

On-chain data shows that Justin Sun withdrew 910 million USD in stablecoins from Aave and transferred them to the Sky platform and its sub-DAO Spark. Aave's TVL dropped from 36 billion USD at the beginning of December to 26.5 billion USD, affected by the decline in major asset prices and governance disputes. Justin Sun's deposits in Sky and Spark increased from 570 million USD to 1.48 billion USD, making Sky his main deposit platform. (Yujin)