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14:50
Ethereum Faces $114 Million Liquidation at $1472
BlockBeats News, June 25th, according to ChainInfo, a whale in the ETH lending market faced liquidation during the market downturn, as follows: First Liquidation Tier: Liquidation price of $1472. Liquidated amount of 72,700 ETH ($114 million); Second Liquidation Tier: Liquidation price of $1355. 167,600 ETH ($263 million) belonging to the whale who bought the dip at the beginning of the month; Third Liquidation Tier: Liquidation price of $1160. 120,000 ETH ($188 million) in a long position held by Hyperliquid's largest whale.
14:46
Iran Proposes Charging a Fee to Gulf Neighbors for the Hormuz Strait
BlockBeats News, June 25th - Iran has proposed to charge a service fee to Gulf neighbors for the use of the Strait of Hormuz. Iran estimates that this would generate $40 billion in annual revenue for the countries involved. Iran aims to share and negotiate the strait's revenue with other nations (The Wall Street Journal)
14:44
The local fire chief stated that Venezuela's second-largest operational petrochemical complex, the Moron Petrochemical Complex, has resumed operations on Thursday after a precautionary shutdown due to infrastructure damage caused by a strong earthquake.
According to the initial report from workers, the strong earthquake that caused over 160 deaths did not significantly damage Venezuela's vast oil and gas infrastructure, including the El Palito refinery (with a daily capacity of 146,000 barrels) located in central Carabobo State near the epicenter. As repair work continues, further assessments are expected to be carried out this week.
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