Gate News Report, March 9th, Russian President Putin stated that oil production related to the Strait of Hormuz could potentially come to a complete halt as early as next month. Putin pointed out that logistics will shift to more profitable markets, and Russian companies need to capitalize on the current situation. Additionally, Putin mentioned that the increase in global natural gas prices has exceeded that of oil.

A Vice President of Tax at a certain CEX pointed out that the IRS's new regulation 1099-DA is overly complicated, requiring the reporting of small transactions such as stablecoin trades and Gas fees, which may lead to over-reporting and increase administrative burdens for cryptocurrency holders.

The Strait of Hormuz has almost completely halted shipping activities due to escalating Middle East tensions, with only two cargo ships passing through. One sanctioned liquefied gas tanker successfully transited, which is believed to potentially trigger more similar vessels to take risks and pass through, leading to severe challenges in energy transportation.

Short-selling firm Culper Research announced that it is shorting Ethereum and related securities, believing that the Fusaka upgrade in 2025 will harm the ETH tokenomics model. The upgrade resulted in a larger-than-expected decrease in Gas fees, and on-chain data shows that the growth in active addresses and transaction volume is driven by low-value transactions. Culper believes Vitalik is aware of this and will continue to sell ETH, expecting ETH prices to decline further.

The closure of the Strait of Hormuz has led to rising energy prices, with Brent crude reaching $83 and natural gas up 50%. The South Korean stock index KOSPI fell 20% due to the impact. Bitcoin performed strongly, possibly indicating a shift in risk appetite. The market expects continued volatility, with all parties pressuring Iran to open the strait.

PANews March 4 News, stablecoin issuer Circle announced that its ultra-micro payment service "Nanopayments" is now live on the testnet, supporting ultra-micro USDC transactions as low as $0.000001, with zero Gas fees and AI agent support.

ChainCatcher News: Stablecoin issuer Circle announces that its micro-payment service "Nanopayments" is now live on the testnet, supporting ultra-small USDC transactions as low as $0.000001, with zero Gas fees and AI agent support.

Neo Foundation Releases FY2025 Financial Report, Showing Nearly $200 Million in Liquidity Cash Inflows Since Inception, with Treasury Assets Reaching $461 Million. The expenditure breakdown is 58% operational expenses, 27% community support, and 14% investments. Future restructuring will shift toward community governance, increase transparency, and focus on AI development.

Paradex announces the upcoming Token Generation Event (TGE) for its native token $DIME . Since launch, it has accumulated a total trading volume of over $250 billion, with 75,000 users. $DIME will serve as the platform's Gas token and will be listed on the Paradex spot market. Token distribution includes core contributors, community airdrops, and rewards. Paradex is a crypto derivatives liquidity network developed by the Paradigm team.

Foresight News reports that Thailand has fully banned the export of petroleum products in response to the closure of the Strait of Hormuz. To address this crisis and ensure the country's 60-day strategic fuel reserves, Thailand has activated the "Energy Emergency Monitoring Center." Additionally, to reduce dependence on imported fuels, Thailand has ordered coal and hydroelectric power plants to operate at maximum capacity and has increased domestic natural gas production. The Thai government will use the National Fuel Fund to subsidize fuel prices to protect the public from rising energy costs.