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US Energy Secretary Says Venezuela's Crude Oil Production Will More Than Double in the Coming Years

59 minutes ago

After arriving in Venezuela, US Energy Secretary Wright stated that relevant agreements to be signed in Caracas by U.S. and other international oil companies will drive Venezuela's crude oil production to more than double over the next few years. Venezuela's crude oil output once topped 3 million barrels per day in the late 1990s, but has since fallen sharply due to underinvestment, mismanagement, and U.S. sanctions. In recent months, the country's crude oil production has hovered around 1.1 to 1.2 million barrels per day. Wright said the investments tied to these deals will "significantly boost" available oil supplies, exerting downward pressure on oil prices. He also noted that the biggest bottleneck for current gasoline and diesel prices is refining capacity. Wright added that thanks to the Trump administration's measures to relax refinery regulations, U.S. gasoline prices are expected to decline in the coming weeks. (Jinshi)

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Fogo mainnet has been restarted, and 237 million recovered stolen tokens have been permanently removed.

According to official statements, Fogo’s mainnet has been relaunched and is now operating normally. A total of 400 million FOGO tokens were stolen in the incident; 237 million of these have been recovered and permanently removed from the total token supply. Project officials added that the team is collaborating with trading platforms and law enforcement agencies to continue recovering the remaining affected assets, while the investigation into the incident is ongoing.

6 minutes ago

Google adds video Agent to Gemini, cutting costs by up to 66%

Beating AI News: Google has launched Agentic Video Understanding for its Gemini API. The feature enables the model to autonomously decide which video segments to process and how to analyze them. The standard mode defaults to extracting frames at a fixed 1 FPS rate before feeding all frames into the model’s context window at once. The new mode, by contrast, automatically identifies relevant segments along the video timeline, selecting visual frames, audio, or transcribed text based on the query. When fast-paced actions are detected, it can even increase the frame rate to re-examine those segments. Google’s internal testing shows that enabling this feature on Gemini 3.7 Flash cuts token consumption by up to 88%, analysis costs by up to 66%, and boosts relative accuracy by up to around 7%. The capability can pinpoint moments shorter than one second and locate specific details within hours-long videos. Technically, this integrates the "localize first, refine later" workflow that developers previously had to build themselves directly into Gemini’s core. The feature is now supported on Gemini 3.7 Flash, 3.6 Flash, and 3.5 Flash-Lite. It works with both uploaded videos and YouTube videos, with no extra fees for the functionality. Future plans include integrating it into the Gemini App and YouTube’s Ask YouTube tool.

6 minutes ago

UNI rose around 14% in the past 24 hours, up more than 150% from its bear market bottom.

According to HTX market data, UNI has gained around 14% in the past 24 hours, currently trading at $6, and has rallied more than 150% from its bear market bottom. Per DeFillama data, Robinhood Chain’s total DEX trading volume over the past 24 hours stood at approximately $1.673 billion, of which Uniswap-related trading volume hit $1.232 billion, accounting for roughly 73.6% of the chain’s total DEX volume. In terms of fees, Uniswap-related protocols generated about $9.24 million in fees on Robinhood Chain over the past 24 hours: V4 contributed around $6.83 million, while V3 added roughly $2.24 million. Under DeFillama’s metrics, Uniswap-related protocols earned approximately $416,000 in revenue on Robinhood Chain over the past day, primarily from Uniswap V3.

6 minutes ago

Elon Musk: Grok 4.7 to Be Released in Ten Days

Beating AI Express News: Elon Musk has just confirmed that Grok 4.7 will be released in 10 days. As he previously disclosed, the new model’s parameter count will rise from 1.5 trillion parameters in Grok 4.6 to 2.1 trillion parameters. Initial training has been completed, and the model is currently undergoing supplementary training using a large amount of SpaceX data.

6 minutes ago

A crypto whale sent 95 Bitcoin to Galaxy Digital, likely for over-the-counter (OTC) sale.

According to monitoring by Onchain Lens, a whale has sent 95 Bitcoin (valued at approximately $7.32 million) to Galaxy Digital, likely for an over-the-counter (OTC) sale. https://www.panewslab.com/zh/articles/01a06031-04f9-7595-80b4-a81e5827df31

6 minutes ago

Altcoins post minor broad gains, with CRV up 9.36% in the past 24 hours.

According to HTX market data, as Bitcoin and Ethereum pull back amid geopolitical turmoil, some altcoins have seen a minor broad rally. Among them: FIL is up 14.6% in 24 hours, currently trading at $0.79; UNI is up 10.9% in 24 hours, currently at $6; CRV is up 9.36% in 24 hours, currently at $0.39; PYTH is up 7.33% in 24 hours, currently at $0.054; AR is up 7.17% in 24 hours, currently at $2.25; SKY is up 6.9% in 24 hours, currently at $0.072; ENA is up 6.52% in 24 hours, currently at $0.16.

6 minutes ago

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