News

Golden Ten Data, March 6 – The International Monetary Fund (IMF) has stated that, given the increased uncertainty caused by the Middle East conflict, the organization is prepared to provide assistance to countries facing balance of payments pressures. IMF Managing Director Kristalina Georgieva said she expects demand for IMF programs to rise. She pointed out that currently about 50 countries rely on the IMF to meet their balance of payments needs. Georgieva said, “We already have some member countries experiencing significant balance of payments pressures that are in contact with us. We are ready to take action.” She expressed concern about some Pacific island nations, which are the most vulnerable when global oil supplies are disrupted. Low-income and highly indebted countries may also come under pressure. According to her, if energy prices rise by 10% and remain elevated for a year, it would lead to inflation increasing by about 40 basis points and economic growth slowing by up to 0.2 percentage points.

According to Odaily, ship tracking data shows that there are currently more than 15 million barrels of Russian crude oil in waters near India, providing a way for India to quickly respond to the Middle East supply shortage after the United States issued a temporary license allowing purchases. These crude oils are distributed on more than a dozen tankers in the Arabian Sea and the Bay of Bengal, and appear to be unsold or without a designated destination port, and are expected to arrive in India within a week. In addition, about 8 ships carrying approximately 7 million barrels of Urals crude oil are on standby in Singaporean waters and may also arrive in India within a week. Besides this, more cargoes are being transported eastward via the Mediterranean and the Suez Canal, and are expected to possibly arrive in India within a month. Kpler data shows that tankers loaded with Russian oil had already begun changing course and signaling Indian ports before the U.S. government issued the license on Thursday night, and currently about 18 Urals crude oil ships are showing as heading toward India. Data intelligence company analyst Sumit Ritolia stated: "Refiners may quickly resume purchases, and daily procurement volume is expected to exceed 2 million barrels again in the short term. The deep discount on Russian crude oil may narrow significantly, and could even turn into a premium." (Golden Ten Data)

ChainCatcher News, according to monitoring by Hyperinsight, the daily trading volume of all HIP-3 markets on Hyperliquid has reached $2.2 billions, accounting for 30.1% of the platform's total trading volume of $7.34 billions. This indicates that the demand and activity for on-chain trading of traditional assets such as US stocks, gold, and crude oil continue to rise. Currently, the top traditional asset by trading volume is SILVER (silver-mapped contract).