US Grants Emergency Waiver of Russian Oil Ban, Allowing 19 Million Barrels of Russian Oil to Enter the Market for Hedging
On March 13, ship-tracking data shows approximately 30 oil tankers in Asian waters—carrying Russian crude oil and fuel—are now potentially available for trade following a U.S. temporary waiver for pre-arriving cargoes.
The vessels hold at least 19 million barrels of Russian crude and 310,000 metric tons of refined products, primarily naphtha (used for plastic production) and some diesel. Prices for these products have surged sharply since Iran effectively blocked the Strait of Hormuz.
Tracking data lists the ships in a “waiting” status: either with no specific destination yet or heading toward Singapore and Malaysia, where tankers typically linger to finalize transactions.
Muyu Xu, Senior Crude Analyst at Kpler, noted the U.S. decision is “buying time for countries and refiners to adapt to the Middle East supply shock.” She added: “Countries will purchase any available resources—energy security is a top priority for all nations.”
(Source: Jinse)
7 minutes ago
Astar Launches 30-Day Zero Fee Challenge, Trade Volume Target Met to Enjoy 100% Maker Rebate
On March 13, official sources confirmed that Astar has launched its "Zero Fee Era" campaign, kicking off a 30-day challenge for high-volume traders.
New wallet users who meet the following criteria qualify for rewards:
- Net deposit of $50,000 USDT, with balance maintained (verified via random snapshots)
- Complete $10 million in buy-side transaction volume (spot and perpetual contracts) by April 11
Rewards include:
- 100% rebate on buy-side fees in USDT
- 14 days of VIP Tier 3–5 benefits (tier determined by transaction amount)
Event period: March 13, 00:00 UTC to April 11, 23:59 UTC
7 minutes ago
Hyperliquid Crude Oil Contract Funding Rate Flips from Negative to Positive as Middle East Tensions Drive Oil Price Volatility
March 13 — According to Hyperliquid monitoring (via Telegram @HyperInsight), rising oil prices have shifted market sentiment to bullish.
On the Hyperliquid platform (app.hyperliquid.xyz/join/NTOD), funding rates for CL (WTI Crude Oil) and BRENTOIL (Brent Crude Oil) turned positive today: the CL contract rate is temporarily at 0.0012%, while BRENTOIL’s stands at 0.0052%. Total trading volume for U.S. (WTI) and U.K. (Brent) crude contracts reached $1.3 billion, with open interest totaling $377 million.
On the news front, Middle East tensions escalated overnight into this morning. Iran’s Supreme Leader declared the Strait of Hormuz “must remain closed,” briefly pushing oil prices to $96/bbl. Later, Deputy Foreign Minister Rahanchi stated ships from “some countries will be allowed to pass,” trimming oil’s gains.
Even so, the ongoing strait closure creates a daily supply gap of ~20 million barrels. At 6 a.m. ET today, WTI crude briefly hit $98/bbl and is now trading at $95.7/bbl.
7 minutes ago
Binance Dual Investment Adds Support for PAX Gold (PAXG)
**Binance Dual Investment Adds PAX Gold (PAXG) Starting March 12, 2026**
Per official sources, Binance Dual Investment will integrate PAX Gold (PAXG) beginning at 2:00 PM Beijing Time on March 12, 2026. Users can now earn additional rewards via PAXG-focused strategies, with supported trading pairs including PAXG-USDT and PAXG-USDC.
### Notes on U.S. language/format adjustments:
1. **Time format**: Swapped 14:00 (24-hour) for 2:00 PM (12-hour, standard in U.S. news).
2. **Conciseness**: Structured as a headline + short body (common for U.S. crypto/finance alerts).
3. **Terminology**: Kept "Binance Dual Investment" (official brand) but used "integrate" (natural for U.S. audiences) instead of "has added" (past tense adjusted to present/future for clarity of timing).
4. **Flow**: Prioritized core news (new asset addition) first, then timing, rewards, and trading pairs (logical for U.S. readers).
No Chinese characters included, fully aligned with U.S. English news convention
7 minutes ago
The US Department of Labor will release the latest PCE data tonight at 9:30, and the market is not expecting positive news.
**U.S. January PCE Inflation Data (Fed’s Preferred Gauge) Due Friday**
The U.S. will release its **January Personal Consumption Expenditures (PCE) Price Index**—the Federal Reserve’s go-to inflation measure—on Friday, March 13 (8:30 PM Beijing time).
### Key Market Expectations:
- **Headline PCE**: +2.9% year-over-year (matches the prior reading); +0.3% month-over-month (slower than the prior 0.4% gain).
- **Core PCE (excluding food/energy)**: +3.1% year-over-year (a slight acceleration, marking the largest increase since April 2024); +0.4% month-over-month (unchanged from the prior month).
### Context & Forward Risks:
PCE, compiled by the Bureau of Economic Analysis (BEA), links to several CPI price categories. After the latest CPI report, economists raised forecasts for **February core PCE** (due April 9): most expect a 0.4% month-over-month gain (second straight month), with some bracing for a bigger jump.
The CPI-PCE gap stems from **weighting differences**:
- *
7 minutes ago
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