energy

Aave founder and CEO Stani Kulechov tweeted that he measures Aave's potential market by the range of assets that can be used as collateral; the more types of collateral assets there are, the greater the lending market opportunities.He stated that Aave started with crypto assets and then expanded into securities through tokenized stocks on Coinbase and Horizon RWA, and in the future will further cover assets such as solar energy, batteries, GPUs, robotics, and space infrastructure. He categorized the last type of assets, such as solar energy, batteries, and GPUs, as abundant assets.

Ukrainian President Zelensky stated that the United States is promoting three measures to de-escalate the war in Ukraine, including a ceasefire in the energy sector, reopening the grain corridor, and a trilateral meeting involving the U.S., Russia, and Ukraine. The U.S. suggested holding a technical team meeting first and proposed Abu Dhabi as the location for the talks.Zelensky mentioned that the G20 summit in December could also be an opportunity for a trilateral summit. Putin's envoy Dmitriev will arrive in New York on Thursday to meet with the U.S. envoy to discuss the plan.

The Organization for Economic Co-operation and Development (OECD) stated that investments driven by artificial intelligence have helped the global economy perform slightly better than expected this year, but the impact of commodity price shocks caused by conflicts in the Middle East is expected to weigh on economic growth momentum in 2027.The OECD predicts that the global economic growth rate will rise to 3%, down from the 3.1% forecast in June. AI infrastructure spending has become an important pillar supporting economic resilience, but the global outlook remains affected by factors such as fluctuations in the energy market.

According to the Gate Institutional Weekly Report, the market was influenced by energy shocks, persistent inflation, and interest rate hike expectations over the past week. WTI crude oil briefly surpassed $100, and the yield on the U.S. 10-year Treasury bond approached 5% during the session. BTC fell to about $76,800 during the week. Institutional funds showed significant differentiation, with a net outflow of about $463 million from BTC ETFs, while ETH ETFs saw a net inflow of about $197 million. Gate TradFi's weekly trading volume was approximately $120 billion, with a notable increase in commodity trading activity.In an environment where market volatility and asset rotation coexist, Gate continues to improve its multi-asset service system covering digital assets and traditional financial markets, forming a trading system that includes spot, contracts, stocks, ETFs, options, and other TradFi assets. Recently, Gate launched U.S. stock options trading services, providing more tools for institutions to participate in global diversified asset allocation.At the same time, Gate is continuously promoting the collaborative upgrade of institutional trading infrastructure by reducing cross-exchange trading costs, optimizing API trading capabilities, and improving anomaly handling mechanisms, further enhancing institutional trading efficiency and execution experience. The product collaboration between OES and CrossEx is also accelerating; currently, OES supports CrossEx trading settlement functions, which have entered the internal testing phase, covering key aspects such as trade execution, margin management, fund settlement, and API services, driving the development of institutional trading infrastructure towards greater efficiency and collaboration.

According to a survey by the Financial Times, the Polish state-owned energy company Orlen had prepaid $230 million to the Dubai trader Hannon International for the purchase of approximately 6 million barrels of Venezuelan crude oil, but ultimately received only about 500,000 barrels of fuel oil. During the transaction, part of the funds was converted into USDT and delivered to the Venezuelan side through intermediaries.Hannon stated that at least $132 million in USDT was given to two intermediaries, after which the two intermediaries went missing. After accounting for expenses such as tanker leasing and legal fees, the Polish government estimates that Orlen's total loss amounts to at least $424 million. Orlen is currently seeking to recover the advance payment through arbitration.

According to Cointelegraph, Tether's stablecoin USDT was involved in a failed oil deal in Venezuela, resulting in a loss of approximately $230 million for Polish state-owned energy giant Orlen.The transaction took place at the end of 2023, when Venezuela's state oil company PDVSA began requiring payments in USDT to evade U.S. financial sanctions. In November 2023, Samer Awad, a former executive of Orlen's trading subsidiary Orlen Trading Switzerland, led the procurement of 6 million barrels of Venezuelan crude oil from PDVSA. On December 4, Orlen transferred a $230 million advance payment to Dubai seller Hannon International Middle East, which exchanged USDT through multiple cryptocurrency brokers and intermediaries. However, most of the funds went missing during the transfers, and Orlen only received about $29 million worth of crude oil before terminating the contract.The flow of funds shows that Hannon exchanged $400,000 in commission for $80 million in USDT and transferred $135 million to Horizon Global, claiming to have only received $85 million in USDT. In January 2024, Hannon employees delivered two USB drives containing $60 million and $50 million in USDT to brokers in Caracas. In January 2025, the Warsaw regional prosecutor's office announced an investigation into the related oil contracts, involving losses of approximately $378 million.

Eurozone government bond prices fell on Friday, with the global bond market expected to record its worst weekly performance since the outbreak of the Iran war, as soaring energy prices forced central banks worldwide to take swift action against inflation. The European Central Bank raised interest rates by 25 basis points and adjusted its inflation and growth forecasts. The yield on Germany's two-year government bonds rose to 3.208%, the highest since October 2023.

SaxoBank pointed out that the supply risks in the Middle East continue to escalate, the US PPI is supported by a surge in diesel prices, European and American bond yields have risen significantly, and gold, copper, and the stock market are all under pressure.The market is concerned whether the energy shock will rewrite the Federal Reserve's interest rate expectations.

The South Korean government is about to announce a large energy investment project in the United States to support the construction of artificial intelligence in the U.S. The potential value of the agreement exceeds $100 billion and plans to fund the construction of up to eight nuclear power plants and a natural gas project by South Korea.Previously, Trump and Lee Jae-myung reached an agreement to reduce most tariffs from 25% to 15%.

Berkshire Hathaway CEO Greg Abel stated in an interview with CNBC that the company plans to hold its stakes in Japan's five major trading companies as a long-term investment, expecting to hold them for decades. Currently, Berkshire holds over 10% of shares in each of the five major trading companies and is continuously exploring other cooperation opportunities in Japan and overseas with these enterprises. Abel also mentioned that despite the 10-year Japanese government bond yield rising to about 3%, the five major trading companies do not view the rise in interest rates as a fundamental challenge, and Berkshire still plans to issue yen bonds as needed.Regarding AI investments, Abel stated that the rapid development of artificial intelligence and the practical applications of AI by Berkshire's subsidiaries are among the important reasons for the company's optimism about Alphabet. On the construction of AI data centers, he believes that energy supply and related infrastructure development remain major constraints, which also presents significant opportunities for Berkshire and Berkshire Energy. Abel pointed out that the company is willing to provide energy services for large tech companies' data centers, but on the condition that it does not harm the interests of other customers and should bring net benefits to the local community.In terms of the U.S. housing market, Abel stated that Berkshire takes a long-term view of the housing industry, believing that the "American Dream" will continue, but there will not be a rapid recovery in the short term, and the industry may still face fluctuations for some time. Regarding the overall economy, he noted that most of Berkshire's large businesses performed strongly as of the second quarter, with demand still robust, but American consumers are under significant pressure and need to be more cautious in managing their income; overall, the economic fundamentals that Berkshire currently sees remain "very strong."

According to EU-Startups, Berlin-based AI-native energy platform Cloover announced the completion of a new funding round of €86.2 million (approximately $100 million) and received €350 million in guarantees from the European Investment Fund (EIF), bringing the total funding amount to over €1.12 billion (approximately $1.3 billion). Meanwhile, the company announced that it has officially achieved profitability three years after its establishment, with an annualized revenue exceeding €301.7 million (approximately $350 million).Cloover focuses on residential solar energy, heat pumps, and home electrification, providing financing, software, and energy products in collaboration with independent installers. It currently covers the five major markets in Europe, completing approximately 20,000 installation projects each year, making it one of the top three residential energy players in Europe's largest energy market. The company plans to further expand into the UK, France, and Poland markets. In addition, Cloover has officially launched an AI-native "new utility" model, transforming each household into a virtual power plant through a home energy management system, aggregating distributed solar energy, energy storage, heat pumps, and electric vehicle charging stations to enable real-time trading of electricity flexibility.

Before the IPO of SB Energy, supported by SoftBank, the company offered a huge incentive to attract OpenAI as a tenant for its data centers. The IPO draft documents show that OpenAI received warrants worth approximately $5.5 billion from SB Energy, which OpenAI had previously invested in.SB Energy is expected to publicly submit its IPO documents as early as this week, and the company is working with bankers to potentially conduct the IPO next month, aiming to raise between $5 billion and $7 billion. Currently, SB Energy's data center customer base consists of companies that are also investors in the company. The documents indicate that SoftBank and OpenAI plan to become tenants of three data centers of SB Energy. The fourth data center, located in Scurry County, Texas, has a capacity of 900 megawatts and currently does not have confirmed customers.

The Hyperliquid Policy Council (HPC) and TradeXYZ jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for the inclusion of energy perpetual contracts in the regulated U.S. market.The article mentions that in February this year, due to the Middle East conflict causing disruptions in crude oil exports and the U.S. futures market being closed, overseas market participants were able to manage risk exposure through crude oil-linked perpetual contracts on Hyperliquid. Approximately two-thirds of the price changes were completed on-chain during the first weekend of the conflict.In May this year, the CFTC approved the first batch of cryptocurrency-based perpetual contracts to be traded as futures in the U.S., and in June, it publicly solicited opinions on energy perpetual contracts. The comment letter suggests that the CFTC establish a technology-neutral framework to evaluate energy perpetual contracts and 24/7 trading, confirm that exchanges can operate around the clock, recognize stablecoins and tokenized collateral as eligible margin, and allow regulated markets to use on-chain infrastructure for execution, clearing, and settlement.

Strategy Executive Chairman Michael Saylor posted on the X platform, stating that the most profound innovation of Bitcoin is its ability to convert economic energy into digital form and securely bind it to individuals, families, businesses, machines, and even nations.Michael Saylor pointed out that Bitcoin is not only a digital asset but also a brand new mechanism for value storage and economic coordination, allowing wealth to be preserved in digital form for the long term and verified and transferred globally. Bitcoin achieves secure control over digital value through decentralized networks and cryptographic technology, providing individuals and organizations with a form of economic asset that does not rely on traditional financial systems.