Polygon

ChainCatcher News, according to Bitsmedia, the Russian State Duma has passed a law in its third and final reading that clearly defines the procedures for the confiscation and freezing of cryptocurrencies in criminal cases.

1. Michael Saylor: Strategy will not sell bitcoin, and is expected to outperform traditional assets over the next 4 to 8 years; 2. Bitmine staked another 140,400 ETH, with annual staking interest earnings reaching $172 million; 3. Hyperliquid HIP-3 recorded a single-day trading volume of $5.2 billion, with silver perpetual contracts accounting for nearly 68%; 4. Santiment: With bearish sentiment high and retail investors on the sidelines, the probability of a bitcoin price rebound is actually higher; 5. LayerZero launched the traditional finance blockchain Zero, with Citadel and Cathie Wood participating in the investment; 6. Mining company Canaan set its highest quarterly revenue record in nearly three years, but its stock price still fell by 6.87%; 7. Trump stated that if US-Iran negotiations fail, another aircraft carrier strike group may be sent to the Middle East; 8. JPMorgan lowered the target price for a certain exchange, expecting its performance to be dragged down by weaker trading volume and coin prices; 9. The former SafeMoon CEO was sentenced to 8 years in prison for defrauding investors; 10. SBF applied for a retrial, attempting to overturn the FTX fraud conviction.

1. Venezuela's Production Capacity Expected to Recover: The U.S. Energy Information Administration (EIA) stated on Tuesday that as the U.S. expands its licensing of oil-related transactions with Venezuela, the country's oil production is expected to recover to pre-blockade levels by mid-2026. Before the blockade, Venezuela's daily crude oil output was about 1.1 to 1.2 million barrels. 2. Recent Production Has Significantly Rebounded: After the U.S. last month authorized traders such as Vitol and Trafigura to participate in exports, Venezuela's state oil company PDVSA has reversed most of its previous production cuts, raising output to nearly 1 million barrels per day. Much of this oil is stored at Caribbean terminals and is expected to be shipped to refineries along the U.S. Gulf Coast. 3. Global Crude Oil Market May Face Surplus Pressure: The EIA forecasts that until the end of 2027, global crude oil production growth is expected to outpace demand growth, leading to increased inventories and putting pressure on oil prices. The report projects the average price of Brent crude oil to be $57.69 per barrel in 2026, possibly dropping further to around $53 in 2027. 4. U.S. Production Remains at High Levels: The EIA expects U.S. crude oil production to reach a record 13.6 million barrels per day this year, with a slight decline to 13.32 million barrels per day in 2027. The total global crude oil and liquid fuels production is expected to reach 107.8 million barrels per day, slightly higher than previous forecasts.