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1. On Thursday, oil prices rose by more than 2%, with Brent crude futures once up 2.5% to $104.91, and WTI crude once up 3% to $93.17. The Iranian Foreign Minister stated that there is no intention to negotiate, and the White House threatened to take stronger measures if Tehran does not admit to being "militarily defeated," causing market optimism for a ceasefire to subside.2. Economists from the NLI Institute pointed out that Washington has set a high threshold, making oil prices susceptible to further fluctuations due to negotiation developments and military actions. Japanese Prime Minister Sanae Takaichi requested the IEA to coordinate the release of more oil reserves to address the risks of prolonged conflict.3. Supply-side tensions persist: at least 40% of Russia's oil export capacity has been suspended due to drone attacks and the seizure of oil tankers; Iraq's oil production has dropped sharply, with storage tanks reaching critical levels. Last week, U.S. crude inventories increased by 6.9 million barrels to 456.2 million barrels, hitting a new high since June 2024, but this does not fully offset supply concerns.

Last weekend, Tesla and SpaceX CEO Elon Musk announced plans for a new semiconductor joint venture named Terafab, to be built in Austin, Texas. Terafab will consist of two state-of-the-art chip factories jointly operated by Tesla and SpaceX. With this initiative, Musk aims to better control the semiconductor supply for sectors such as artificial intelligence, robotics, and space computing.

Foresight News reports that the Polygon community has released the PIP-85 proposal. The proposal includes introducing an equal weighting factor in validator allocations by adjusting the PIP-65 priority fee distribution formula, and setting a dividend ratio for stakers. 50% will be extracted from the validator pool and distributed to stakers via a periodic Merkle claim program deployed on Ethereum. The remaining validator pool allocation will be adjusted as follows: 75% will be distributed based on weighted performance with equal weighting, and 25% according to the existing staking power formula. Sandeep Nailwal, CEO of the Polygon Foundation, commented, “This proposal is a prudent approach designed to fairly reward all network participants: stakers can directly receive fee income, while the validator group can also remain healthy and incentivized.”