News

Jinse Finance reported that on March 30, Cardano founder Charles Hoskinson stated that the current version of the Clarity Act may protect Ripple and XRP but puts smaller projects at risk. He specifically warned that the act could classify newer projects as securities while protecting established networks. In addition, he cautioned that passing this legislation in its current form could weaken competition in the crypto sector. He also pointed out that certain clauses might impose unlimited legal liability on open-source developers. In light of these concerns, Hoskinson believes that Ripple’s continued support for the Clarity Act mainly stems from its own interests, rather than defending the interests of the entire industry.

Foresight News reports that Aster announced via Twitter that its buyback operations have been migrated to Aster Chain. Additionally, daily buybacks are now live, and all operations can be publicly verified on-chain.

BlockBeats reported that on March 30, influenced by the escalation of the situation in the Middle East and disruptions in the Strait of Hormuz, TotalEnergies made large purchases of Middle Eastern spot crude oil in March and implemented a long strategy with derivatives, accumulating over $1 billion in profits, which may set the record for the largest single profit in petroleum market history. According to the report, TotalEnergies "took over" approximately 70 vessels scheduled to load crude oil from the United Arab Emirates and Oman in May, doubling the purchase volume compared to February, and established a dominant position amid a sharp decline in market liquidity, driving Dubai crude prices from about $70 per barrel to $170 per barrel. Industry insiders pointed out that with pricing benchmarks disrupted and fewer deliverable crude oil options, TotalEnergies achieved significant influence on prices by concentrating their positions and linking operations in the "paper market" with tools such as futures and options. At the same time, high oil prices are also increasing cost pressures for Asian buyers and further impacting the current crude oil pricing system.