News

Dual-focus futures hit the daily limit, as the coal energy attribute surged amid the US-Iran conflict. Institutions stated that the combination of geopolitical tensions and expectations of restocking later in the month is driving futures prices to remain strong. However, spot prices have yet to follow suit, so caution is advised when chasing long positions under the current premium structure.

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.