French President Macron will deliver a speech at the Paris Blockchain Week, becoming the first sitting G7 head of state to speak at a digital asset conference. He will outline the strategic priorities for shaping European digital sovereignty, emphasizing the development of stablecoins and the digital euro, as well as the establishment of related regulatory frameworks. This marks France's leadership position in the European digital finance sector.

The market is awaiting the G7's decision on releasing strategic oil reserves from the IEA, and crude oil futures are rising. Analysts point out that previous releases have not necessarily lowered oil prices and may instead be seen as a sign of market vulnerability, with attention on the progress of conflicts in the Middle East.

On March 11, G7 leaders will hold a conference call to discuss the Iran crisis and rising energy prices. On a decentralized derivatives trading platform, a whale has built a position worth over one million USD in WTI crude oil longs, with the oil price already rising to $86.3, resulting in significant unrealized gains. The IEA plans to deploy 400 million barrels of strategic reserves to address oil price fluctuations.

Gate News Report, March 10 — EU officials announced that the G7 Energy Ministers' Meeting will be held today at 13:45 Central European Time (8:45 PM Beijing Time). Yesterday (March 9) evening, G7 officials stated that a broad consensus was reached at the G7 Finance Ministers' Meeting held on Monday to temporarily refrain from releasing oil reserves. Market data shows Brent crude oil at $88.8, up 3% intraday; WTI crude oil at $86.4, up 1.6% intraday.

As tensions in the Middle East escalate, oil prices have surged significantly. The G7 finance ministers are discussing releasing emergency oil reserves to ease market pressure. Oil prices are influenced by multiple factors, and concerns about supply shortages are intensifying. The crypto market's demand for crude oil trading remains strong. If the reserves are released in a timely manner, it could temporarily alleviate supply and demand tensions, but uncertainties in the situation still remain.

According to The Financial Times, the UK is accelerating its deployment of blockchain sovereign bonds, aiming to become the first G7 country to issue digital government bonds. The UK Treasury has appointed HSBC and international law firm Ashurst to oversee a blockchain sovereign bond pilot project expected to launch later this year. This move is seen as a response to external doubts about the UK's slow progress in government debt tokenization. Previously, Chancellor Rachel Reeves stated that the pilot would be launched by the end of 2024, but several regions, including Hong Kong, have already completed digital sovereign bond issuances, putting the UK at risk of falling behind.

Gate News bot news, according to Gate's official announcement. Gate has delisted the trading markets for 14 tokens including 1SOS, IQT, G7, LADYF, SNS, ABYS, GIGS, FERC, SPICE, HAPI, OAX, VEXT, OOB, and SLF. These tokens have been assessed as not meeting the standards for enabling trading. For users who have submitted forms that meet the requirements, Gate has deposited the corresponding repurchase amount into the users' accounts. After delisting, users can still use Gate as a wallet to store assets for these currencies, and the specific time for the wallet function delisting will be notified by the official announcement.

The Deputy Governor of the Reserve Bank of India stated that India will not adopt the US "GENIUS Act" or the G7 stablecoin regulatory framework, believing that dollar-pegged stablecoins threaten monetary sovereignty, and emphasized that the country will continue to advance the Central Bank Digital Currency (CBDC) e-Rupee project.

ChainCatcher news, the White House is currently reviewing the proposed rules submitted by the U.S. Department of the Treasury that would allow the U.S. to join the international Crypto Assets Reporting Framework (CARF). Once approved and implemented, this framework will enable the IRS to automatically access transaction information of U.S. citizens' overseas cryptocurrency accounts to combat international tax evasion. CARF is a global protocol created by the Organisation for Economic Co-operation and Development (OECD) in 2022, aimed at enhancing the transparency of Crypto Assets transactions through automatic information exchange among member countries. Advisors to President Trump had previously released a report recommending that the U.S. adopt CARF, stating that it would prevent U.S. taxpayers from transferring digital assets to overseas digital asset exchanges and promote the development of the U.S. digital asset market. CARF has been adopted by most G7 member countries and major crypto hubs such as Singapore and the UAE.