Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

March 10 — Saudi Aramco CEO Amin Nasser, head of the world’s largest oil company, warned Tuesday (per the Financial Times) that the longer the Middle East conflict drags on, the more “disastrous” the consequences for the oil market and the more “severe” the hit to the global economy. This marks the first public comment from Saudi Aramco on the ongoing conflict sparked earlier this month by U.S. and Israeli strikes against Iran. Speaking in a media conference call, Nasser noted that in response to “the biggest crisis facing the region’s oil and gas sector,” Saudi Aramco will be able to export roughly 5 million barrels of crude oil per day via Yanbu Port on the west coast within days. Iran’s threats to shipping near the Strait of Hormuz have disrupted normal operations at Saudi Aramco’s other ports, leaving Yanbu Port as the only available export channel currently.

March 10 — Official sources confirm that SharpLink, the operator of Ethereum’s second-largest treasury (DAT), announced its total staking rewards have topped 14,971 ETH (roughly $30.76 million) since launching its Ethereum treasury strategy on June 2, 2025.

March 10 (CCTV News) — U.S. Secretary of Defense Hedges announced on March 10 local time that the U.S. military will carry out the “most intense” strikes against Iran later that day. At a press conference, Hedges stated: “Today will again mark the highest-intensity strikes we’ve conducted against Iranian targets.” The U.S. military will deploy more fighter jets and bombers than ever in this operation, targeting Iranian sites based on “more precise, higher-quality intelligence than ever before.” Hedges also noted that Iran’s missile launches over the past 24 hours have reached a new low.

On March 10th, Nvidia (NVDA.O) is investing in artificial intelligence firm Thinking Machines Lab and supplying chips to support the training and operation of the startup’s AI models. The company was founded by Mila Mladi?, a former executive at OpenAI. In a statement, Thinking Machines noted that under a multi-year agreement, it will utilize Nvidia’s upcoming Vera Rubin AI accelerator. The chips are slated for deployment early next year and will deliver at least the equivalent of 1 exaflop of computing power to the startup. Nvidia has not disclosed the deal’s specific terms, nor has it clarified whether the investment will be in cash, chips, or a mix of the two. The two firms only characterized the investment as “significant.” (Jinse)

On March 10th, The Information reported that Tencent is developing a new AI virtual entity for its WeChat app.

CoinDesk reported on March 10 that investment bank B. Riley has initiated coverage on Bitcoin-focused treasury firms Strategy and Strive, assigning both Buy ratings with price targets of $175 and $12, respectively. At the time of the report, Strategy’s stock traded at $141.82, while Strive’s was priced at $8.67. In its note, the bank noted that Bitcoin’s price drop of over 45% from around $126,000 in October 2025 has compressed the market’s premium to Net Asset Value (NAV), slowing share issuances by Bitcoin accumulation companies and pressuring the sector.