oil

Recently, international crude oil prices have fluctuated and rebounded, with active trading in the energy market. According to market data from the Gate platform, WTI crude oil (CLUSDT) reached a high of $72.80 in 24 hours, currently reported at $72.43, with a 24-hour increase of 4.79%; Brent crude oil (BZUSDT) reached a high of $76.52 in 24 hours, currently reported at $76.13, with a 24-hour increase of 4.96%. CoinGlass data shows that the trading volume of the Gate CLUSDT contract reached $8.2895 million in 24 hours, with an open interest of approximately $8.2299 million; the BZUSDT contract had a trading volume of $3.3371 million in 24 hours, with an open interest of approximately $2.7695 million, both ranking among the industry's leaders.

ENS co-founder Alex Van de Sande proposed a formal draft on Monday, suggesting to delegate 5 million ENS tokens from the ENS DAO's idle community treasury to individual participants to break the current concentration of governance power. Van de Sande pointed out in the proposal that currently, a representative with a sufficient quorum can not only execute any proposal but can also veto the votes of the next 50 representatives, implicitly referring to co-founder Nick Johnson. The tokens come from the unclaimed community treasury shares from the original ENS airdrop five years ago, and participants do not own or cannot sell these tokens. Van de Sande also proposed to add another 5 million tokens for delegation next year, trigger the revocation of delegation after six months of inactivity, and automatically terminate the overall arrangement after two years.This proposal comes at a time when the governance dispute within ENS DAO is escalating: Johnson previously delegated his ENS tokens (approximately 50% of the total delegated amount) to support a proposal to transfer the DAO's operational wallet to the ENS Foundation, and then used his voting power to block the renewal of the security committee, drawing criticism from several community members, with the original The DAO code author Christoph Jentzsch even suggesting to directly dissolve the ENS DAO.

According to monitoring by Catcher Predict, in the event of "Crude Oil Surge at the End of June" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "70 Dollars" has experienced a sharp fluctuation, soaring from 58.55% an hour ago to the current 77.15% (a fluctuation of 18.6%). Please note the impact of related breaking news.

According to Jinshi reports, Mohit Kumar of Jefferies Group stated in a report that despite the decline in oil prices, the interest rate market has not quickly incorporated the expectations of falling oil prices into pricing. He pointed out that as the market focuses on the increase in traffic through the Strait of Hormuz, the drop in oil prices has exceeded expectations. Jefferies believes that one of the main impacts of the US-Iran agreement is that major global central banks no longer need to raise interest rates, maintaining the view that the Federal Reserve will not raise interest rates this year, and that the Fed's next move will be to cut rates rather than raise them.

Previously, the United States announced a temporary agreement with Iran and lifted a 60-day oil sanction, leading to increased volatility in the international crude oil market. According to Bitget market data, the price of Brent crude oil (BZ) is approximately $78 per barrel, with a 24-hour increase of 0.3%. The competition between bulls and bears has intensified, driving up market attention on related contracts.According to CoinGlass data, the current total open interest for BZ contracts across the network has reached $73.4659 million. Among them, Bitget's BZ contract open interest is $12.5437 million, ranking second globally with a market share of 17.07%.Currently, Bitget has fully deepened its integration with the Universal Exchange (UEX) ecosystem, covering diversified assets such as U.S. stocks, CFDs, and cryptocurrencies.

On June 23, according to WEEX TradFi data, precious metals and commodities overall weakened, and market risk aversion sentiment has temporarily eased. Among them, XAU fell 0.81% in 24 hours, GOLD (PAXG) fell 0.83% in 24 hours, and CRUDEOIL fell 2.08% in 24 hours.WEEX Labs believes that the recent decline in crude oil is mainly influenced by the easing situation in the Middle East and improved supply expectations, while gold prices are affected by the trend of the US dollar, real interest rates, and changes in ETF demand. This round of adjustment reflects a repricing of macro factors, with funds focusing on subsequent data and news changes. In the short term, attention should be paid to the impact of interest rate paths and geopolitical factors on the commodity market.

According to Jinshi, U.S. President Trump stated on social media that the recently reached agreement has driven U.S. stocks to soar and oil prices to plummet. He will hold a press conference in France in 45 minutes and have dinner with leaders from France and other European countries. Trump pointed out that various indicators of the U.S. economy are performing excellently, with current employment numbers reaching an all-time high, attracting over $19.1 trillion in investment.

According to Bloomberg, the Commodity Futures Trading Commission (CFTC) is considering whether to block the Chicago Mercantile Exchange Group (CME) from launching an application for around-the-clock crude oil contracts. A senior CFTC official stated that continuous trading may not be suitable for crude oil, as it could exacerbate already extreme volatility during periods of geopolitical tension. CME announced last Thursday plans to launch crude oil and gold futures contracts that would be available 24 hours a day, 7 days a week, which surprised the CFTC. The new crude oil contract will be one-tenth the size of the existing micro WTI futures contract and is scheduled to go live on August 30, pending regulatory review. A week ago, the CEO of CME expressed "serious concerns" to the CFTC about clearing the way for cryptocurrency perpetual contracts. The CFTC stated it would evaluate perpetual contract applications on a case-by-case basis, noting that certain assets may not be suitable for this product.

With the resurgence of variables in the Middle East situation and the support of strong U.S. inventory data, crude oil has shown a stabilization trend after experiencing violent fluctuations. According to market data from the Gate platform, Brent crude oil (BZ) is currently priced at $91.31, down 1.28% in 24 hours; WTI crude oil (CL) is currently priced at $88.05, down 1.64% in 24 hours. According to CoinGlass data, trading of crude oil-related contracts on the Gate platform remains active. Among them, the Gate BZUSDT contract has a 24-hour trading volume of $8.377 million, consistently ranking among the top two in the industry; the CLUSDT contract has a 24-hour trading volume of $13.3168 million, with an open interest of approximately $8.2264 million, both ranking prominently in the industry.

According to Cointelegraph, South Korean police recently raided the cryptocurrency exchange Bithumb to investigate independent lawmaker Kim Byung-gi for allegedly using his influence to secure a job for his son. It is reported that Kim's son joined Bithumb in January 2025 and worked for about six months. The police are investigating whether there was any external pressure or special treatment during his hiring process.Additionally, the case also involves Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, with the investigation scope expanding from simple recruitment issues to potential power rent-seeking and interest transfer. Investigators pointed out that while serving as a member of the South Korean National Assembly's Administrative Committee, Kim Byung-gi had repeatedly questioned Dunamu during meetings, raising suspicions about whether he was trying to benefit the company where his son worked.It is understood that the police had previously questioned executives from multiple cryptocurrency companies and had conducted searches at Bithumb's headquarters and Bithumb Financial Tower to gather evidence. Kim Byung-gi himself is under investigation for 13 charges, including employment arrangements, bribery for nominations, and requests related to university transfers, and he stated that he believes he will ultimately be able to prove his innocence.It is worth noting that Bithumb has recently faced ongoing regulatory pressure. In March of this year, South Korea's financial regulatory agency imposed a fine of approximately $24.5 million on Bithumb for KYC and anti-money laundering (AML) violations and issued a six-month partial business suspension order. However, a South Korean court temporarily suspended the enforcement of the penalty at the end of April, and the relevant legal procedures are still ongoing.

According to Jinshi Data, Trump revealed in a recent interview that the U.S. is applying dual pressure through diplomacy and military force, aiming to completely dismantle Tehran's nuclear armament. Regarding the performance of the energy market, he pointed out that high oil prices are just growing pains, suggesting that the market needs to endure short-term volatility.On the direction of the Federal Reserve's monetary policy, Trump hopes that Chairman Waller "does what he wants to do," but clearly stated that interest rate hikes are an "unfair" punishment.

According to a report by Jinshi citing Iranian media Fars News, each tanker passing through the Strait of Hormuz will be charged between $150,000 and $2 million, and some of the fees for the vessels may not be paid in cash, but rather in goods or through barter.

According to monitoring by Catcher Predict, in the event "What will WTI Crude Oil (WTI) reach in May 2026?" on the prediction market Polymarket, the probability of the sub-market "$85" option "is" has experienced severe fluctuations, dropping from 45.5% an hour ago to the current 27.5% (a fluctuation of 18%). Please note the impact of related breaking news.