News

Foresight News reported that Solana Virtual Machine SOON posted on Twitter that the soonBase L3 network will officially shut down on March 26. The team is currently shifting its focus to the next phase of the ecosystem: the development and operation of an artificial intelligence capital market, as well as a series of upcoming AI-driven products and infrastructure. The SOON mainnet and svmBNB will continue to operate and will not be affected by this change. Users need to withdraw their assets from soonBase L3 before March 26; after that, any remaining assets on L3 will be transferred to a contract on Base controlled by the team for safekeeping.

Golden Ten Data reported on March 9 that, according to foreign media, Saudi Aramco has offered spot crude oil supplies through a series of rare tenders, as the effective closure of the Strait of Hormuz has forced cargoes to be rerouted via the Red Sea. According to informed traders, the company recently offered three grades of crude oil—Arab Super Light, Arab Heavy, and Arab Light—totaling approximately 4.6 million barrels.

Golden Ten Data, March 9 – As the ongoing Middle East conflict continues to drive up global oil prices, the South Korean government has taken emergency action. South Korean President Lee Jae-myung called for the "swift introduction and bold implementation of a maximum oil price system" at an emergency economic meeting on Monday to curb excessive price increases. Lee made these remarks as international oil prices approached $120 per barrel, reaching their highest level since 2022. Production cuts by Middle Eastern oil-producing countries, the ongoing blockade of the Strait of Hormuz, and the escalation of the conflict threatened by the United States have all contributed to sustained pressure on the energy market. South Korea relies almost entirely on imports for its energy needs, with about 70% of its oil transported through the Strait of Hormuz. The proposed oil price cap mechanism would be the first time in nearly 30 years that South Korea has employed such a measure, aiming to mitigate the impact of geopolitical turmoil on the domestic energy supply chain.