News

The Egyptian stock market opened with a gap down, with the decline slightly expanding to nearly 5.84%, and is currently narrowing to nearly 2.60%. The Saudi stock market opened with a gap down of 4.81%, and is currently maintaining a 2.35% decline—holding steady near the "daily high".

Base ecosystem decentralized derivatives exchange Avantis has announced that the second season airdrop will take place on March 5, with a total of 40 million tokens to be distributed as rewards to trading users and LPs. The complete airdrop eligibility criteria and claiming mechanism will be announced in the coming days.

⑴ According to shipping observers, at least 150 oil tankers (including crude oil tankers and product tankers) have anchored in the international waters of the Middle East Gulf outside the Strait of Hormuz over the past period. Dozens of cargo ships are gathered in the waters of Iran, Iraq, Kuwait, and the UAE, with several dozen more vessels anchored in coastal areas. ⑵ At least another 100 oil tankers are anchored near the coasts of the UAE and Oman outside the Strait of Hormuz. The large number of stranded vessels indicates that the Strait of Hormuz, a key artery for global energy transportation, has effectively been paralyzed, with the risk of market supply disruption rising sharply.