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Affected by the news, oil prices dropped sharply under the influence of algorithmic trading but quickly rebounded afterwards. The UAE Energy Minister stated that this decision was made after a careful review of the country’s strategy in the energy sector, oil sector, and other areas. They also mentioned that this decision had been brewing for some time, and considering the current state of the global oil market, now is the right time to make it. Investinglive analyst Adam Button noted that, given the market is expected to be in a supply deficit for some time, this makes sense. Some even suspect whether OPEC may collapse completely as a result. Although this has long been the wish of the United States, caution is needed: oil prices could become more volatile—with higher highs and higher lows. For now, the impact on oil prices is limited, as OPEC, after the war, will be producing at full capacity for a long time to replenish inventories. The UAE is currently producing 3.8 million barrels per day, with plans to increase to 4.1 million barrels per day, and there are even discussions of reaching 5 million barrels per day.

ChainCatcher reports that RWA trading platform NUVA's software development company NUVA Digital has completed a $5.2 million seed round, led by Morgan Creek Digital. NUVA was jointly developed by Animoca Brands and Nuva Labs. The platform allows users to deposit with stablecoins in one click, mint composable, yield-bearing tokens, and provides on-chain proof of reserves, with no minimum deposit or lock-up requirements. This round of financing will be used to accelerate platform development and ecosystem expansion, including enriching the treasury market, introducing more issuers, multi-chain deployment, institution-grade tool development, and advancing the launch of NUVA utility tokens. The company stated that this financing marks its move from the early development stage to expanding TVL and user scale, aiming to resolve the fragmentation of the RWA market and create a unified entry point.

This spread level has reached the highest point in nearly half a month, reflecting the market’s repricing of the software giant’s credit risk. The rapid widening of CDS spreads usually signals increasing investor concerns over a company’s debt repayment ability or a rise in cautious sentiment about the industry’s outlook. As a global leading enterprise software provider, Oracle’s CDS movement is often regarded as a key indicator of credit risk in the technology sector. The current spread expansion could be influenced by various factors, including the macroeconomic environment, industry competition, or company-specific fundamentals.