News

Foresight News reports that the decentralized reinsurance protocol Re has launched its second season of points campaign. This season is expected to last about 6 months, with at least 3.5% of RE token supply allocated as points rewards.

ChainCatcher news: CryptoQuant analyst Darkfost posted on the X platform that over the past week, Bitcoin fell by 12.5%, and the proportion of supply held in profit has dropped to 55%, which is clearly a low level. Historically, bear markets have pushed this indicator below 50%, meaning that unrealized losses dominate the market. In February this year, this indicator reached 53%, and at the current pace, the 50% threshold is about to be breached. Darkfost stated that although this is a bearish signal in the short term, for long-term investors, such periods have always been profitable opportunities.

BlockBeats News, June 4th, according to The New York Times report, even if the United States reaches a peace agreement with Iran in the future, it may still take a long time for the Strait of Hormuz to resume normal shipping. Due to the significant increase in security risks and war insurance costs, global energy trade is unlikely to recover to pre-war levels in the short term. The United States, Canada, Brazil, Kazakhstan, Venezuela, and other oil-producing countries are increasing crude oil production. The U.S. Strategic Petroleum Reserve (SPR) continues to release inventory to alleviate the supply gap. At the same time, Saudi Arabia and the United Arab Emirates are diverting some of the transportation demand that originally relied on the Strait of Hormuz through land oil pipelines. However, the Gulf region's economy is still under significant pressure. Qatar's liquefied natural gas exports are highly dependent on the Strait of Hormuz. The International Monetary Fund (IMF) estimates that its economy may shrink by about 9% this year. The overall economic growth expectations for Gulf countries have also been sharply downgraded. The constrained energy supply has driven up prices of natural gas, fertilizers, and food, further exacerbating global inflationary pressures. But as the market seeks alternative sources of supply, adjusts consumption structures, and gradually releases new production capacity, the impact of the Hormuz crisis on the market is transitioning from a short-term shock to gradual long-term risk pricing. The future market focus may shift back to liquidity, interest rate policies, and global economic fundamentals.