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18:39
Arbitrum Security Council freezes 30,000 ETH, sparking decentralization controversy
The Arbitrum Security Council has frozen 30,000 ETH related to the KelpDAO vulnerability, preventing the stolen funds from being transferred. This move demonstrates that small electoral groups can intervene to lock funds in emergency situations, but it has also sparked discussions about the boundaries of decentralization and governance power. According to Arbitrum insiders, this authority is both transparent and necessary, and they believe it represents a trade-off between the purity of decentralization and the ability to respond to security threats.
18:33
WTI June crude oil futures closed at $95.85 per barrel.
NYMEX May natural gas futures settled at $2.6140 per million British thermal units. NYMEX May gasoline futures settled at $3.4621 per gallon, and NYMEX May heating oil futures settled at $3.9882 per gallon.
18:28
The informal meeting of EU leaders will be held in Cyprus from the 23rd to the 24th, focusing on the conflict in Iran and the resulting energy crisis. The agenda will also include discussions on common EU defense and the multiannual financial framework.
The President of the European Council, Costa, said in an invitation letter to EU member states prior to the meeting that on the 23rd, the meeting will focus on the challenging geopolitical environment in the Middle East and how Europe can contribute to easing tensions in the region, promoting peace, and ensuring smooth navigation in the Strait of Hormuz. Costa also said that high fossil fuel prices have already affected the daily lives of EU citizens, and that European leaders will discuss how to address energy issues.
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