News

```htmlGolden Ten Data reported on May 13 that, according to customs data, after the outbreak of the Iran war, Vietnam increased its imports of refined petroleum products to compensate for a reduction in crude oil supply from its domestic refineries. This shift helped the Southeast Asian industrial hub cushion the impact of the Gulf region crisis. However, it also resulted in an unusual trade deficit for this export-dependent economy and triggered a sharp rise in consumer prices—the country’s consumer price index rose by 5.46% in April, exceeding the government’s target of 4.5%. Reuters' analysis of Vietnam customs data shows that between March and April, Hanoi's imports of refined petroleum products rose nearly 17% year-on-year, while the import value (in USD) increased by 144% year-on-year. Data indicates that the country ramped up purchases from Malaysia and South Korea; in these two months, South Korea’s exports of refined oil products to Vietnam nearly matched those of its largest supplier, Singapore, with refined oil exports increasing over 60% year-on-year to 610,000 tons, accounting for about one-third of Vietnam’s total imports of refined petrol products. Meanwhile, Vietnam’s imports of refined oil products from Malaysia nearly doubled, reaching 403,000 tons, making Malaysia Vietnam’s third largest supplier of refined oil products.```

BlockBeats News, May 13th, according to Alternative data, today's cryptocurrency Fear and Greed Index is 42 (yesterday was 49), and the market sentiment has shifted from "Neutral" to "Fear." Note: The Fear and Greed Index has a threshold of 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends (10%).

Odaily reported that the financial company Upexi, which is linked to Solana, saw its stock fall 8.16% on Tuesday after the company announced that its net loss for the third fiscal quarter had expanded to $109 million, primarily due to a decline in the value of its cryptocurrency holdings. According to documents filed by the company on Tuesday, its unrealized losses on digital assets reached $92.3 million. Despite staking income from cryptocurrencies driving a 46% year-over-year increase in total revenue to $4.6 million, the company still reported a loss. Upexi’s financials show that, as of March 31, the company held 2.5 million Solana tokens valued at more than $238 million, making it the second-largest corporate treasury after Forward Industries to hold over 7 million Solana tokens (data from CoinGecko).