gas

As Iran intensifies its strikes on key energy nodes, a large natural gas field in the UAE has been ignited. Meanwhile, U.S. President Trump has called on allies to assist in reopening the Strait of Hormuz.The drone attack on the Shah gas field occurred near the border between the UAE and Saudi Arabia. This marks the first time Iran has damaged the country's oil and gas upstream facilities during the conflict. The UAE government stated that operations at the gas field have been suspended, and there were no casualties on site. The gas field is jointly operated by the Abu Dhabi National Oil Company and Texas-based Occidental Petroleum.Due to multiple drone and missile attacks, the UAE closed its airspace at night. Authorities reported that air traffic returned to normal on Tuesday morning. Just a day before the attack, Iran also struck a fuel depot at Dubai's main airport, causing a massive plume of smoke to rise over the world's busiest international transit hub and leading to a brief disruption of flights.

According to Binance spot data, the market has experienced significant fluctuations. GAS has dropped by 11.07% in 24 hours, and PIXEL has dropped by 15.48%, showing a "high and then low" state.At the same time, MASK reached a new high this week, with an increase of 7.01%. Other tokens such as CELO, DODO, VANA, HEI, and NIL also showed a "high and then low" state, with declines of 5.17%, 9.89%, 8.18%, 13.7%, and 10.42%, respectively.

According to official social media news, the Chinese decentralized contract trading platform Sun Wukong has now launched NATGAS/USDT and EWY/USDT, with a maximum leverage of 20 times.

Driven by geopolitical risks and shipping disruptions, the commodities sector has shown a strong upward trend, with natural gas prices recently on the rise. The Gate contract commodity section has launched NG (natural gas) for the first time, reaching a peak of $3.312 within 24 hours, currently reported at $3.245.In addition, the attention and participation in crude oil funding remain high. According to data from the Gate platform, XTI (WTI crude oil) reached a peak of $110.53 within 24 hours, currently reported at $109.36; XBR (Brent crude oil) peaked at $113.84 within 24 hours, currently reported at $109.86, with significant market volatility. According to CoinGlass data, the trading volume for Gate XTI (WTI crude oil) contracts reached $18.03 million within 24 hours, while XBR (Brent crude oil) contracts reached $12.09 million, both ranking first in the industry.Currently, the Gate contract section has fully covered traditional financial assets including stocks (a total of 57), metals (a total of 12), indices (a total of 15), forex (a total of 3), and commodities (a total of 3). The trading targets include mainstream varieties such as gold, silver, crude oil, natural gas, euro, pound, Dow Jones Industrial Index, and Hang Seng Index, supporting 7×24 hours continuous trading, with a maximum leverage of 100 times, continuously creating an efficient multi-asset one-stop trading platform for global users.

Stablecoin issuer Circle has announced the launch of the Circle Nanopayments testnet, a payment infrastructure that supports transfers of as low as $0.000001 USDC and enables gas-free transactions for single payments, aiming to provide a foundational payment layer for the "Agent Economy."According to the introduction, Nanopayments is built on the Circle Gateway and aggregates off-chain transactions with delayed batch on-chain settlements, packaging thousands of micropayments into a single on-chain settlement to avoid gas costs for each transaction. Developers can leverage this to implement pay-per-call, pay-per-use, and machine-to-machine payment scenarios. Technically, when a user or agent initiates a payment, they sign an EIP-3009 authorization message, and the system verifies the signature to instantly update the internal ledger and confirm the payment, while the actual on-chain settlement is completed periodically in the background.Circle stated that this solution has been validated in collaboration with open-source robot developer OpenMind, for example, an autonomous robotic dog can automatically pay charging fees using USDC through Nanopayments. Currently, Nanopayments is available on multiple testnet chains, including Ethereum, Arbitrum, Optimism, Avalanche, Base, and Polygon test environments.

Coinbase stated that the IRS's newly introduced digital asset tax reporting form 1099-DA rules are overly complicated and may impose unnecessary administrative burdens on a large number of cryptocurrency holders.Coinbase's Vice President of Tax, Lawrence Zlatkin, pointed out that the new regulations require reporting small transactions such as stablecoin trades and network gas fees, while stablecoins themselves have relatively stable prices and gas fees are usually only a few dollars or even lower. Reporting such information could lead to "over-reporting" in the system, making the tax framework more complex.It is reported that Coinbase is currently sending 1099-DA forms to millions of users in the U.S. This system requires trading platforms to report users' digital asset transactions to the IRS and provide users with a copy for their own reporting of gains and losses. However, in this year's reporting, Coinbase will only report the total gross proceeds from digital asset sales to the IRS and will not provide the cost basis, requiring users to calculate their actual taxable gains themselves. This may lead to confusion among some investors, and Coinbase plans to calculate the cost basis for users starting from the next tax year to simplify the reporting process.

Ethereum co-founder Vitalik Buterin recently released the Ethereum scalability roadmap, which is divided into short-term and long-term strategies. In the short term, the upcoming Glamsterdam upgrade will introduce block-level access lists for parallel validation, while optimizing block processing efficiency through ePBS and launching an innovative multi-dimensional Gas model that separates "state creation" from "execution" costs.In the long-term plan, Ethereum will handle data at rates of up to 8 MB/second using PeerDAS technology and plans to gradually introduce ZK-EVM technology starting in 2026, expanding its application scope by 2027, ultimately achieving a highly scalable blockchain network validated through multiple proof systems. This move aims to enhance Ethereum's transaction processing capacity while maintaining decentralization and security.

Ethereum co-founder Vitalik Buterin posted on the X platform that Ethereum's scalability is divided into short-term and long-term parts.In the short term, the Glamsterdam upgrade will introduce block-level access lists for parallel validation, ePBS will allow a larger proportion of time slots for block validation, and gas repricing will ensure that operational costs align with actual execution time.The multi-dimensional gas mechanism will be implemented in phases, starting with Glamsterdam, where the "state creation" cost will be separated from the "execution and calldata" cost, with state creation gas not counted towards the approximately 16 million transaction gas limit. The EVM level will introduce a "reservoir" dimension mechanism, which will prioritize the consumption of dedicated dimension gas by default, and when insufficient, will draw from the reservoir. This will eventually transition to multi-dimensional pricing, where different dimensions may have different floating gas prices.Long-term scalability includes ZK-EVM and blob components. In terms of blobs, there are plans to continuously iterate PeerDAS, aiming to achieve approximately 8MB of data processing capacity per second, with future Ethereum block data directly entering blobs.The ZK-EVM aspect will be implemented in phases: by 2026, there will be a validator client supporting ZK-EVM, allowing about 5% of the network to rely on it; by 2027, this will expand to a larger proportion of a few nodes while advancing formal verification; once conditions are mature, it will transition to a five-out-of-three mandatory proof mechanism, ultimately continuously enhancing the security and formal verification level of ZK-EVM, and involving changes to VMs such as RISC-V.

TronLink has taken the lead in supporting the GasFree feature, with Guarda and Klever gradually integrating it. The launch of the GasFree feature means that users do not need to hold $TRX as a fee when sending $USDT on the TRON network; the transaction fee will be directly deducted from USDT. This upgrade significantly lowers the operational threshold for users and brings important optimizations to the payment experience within the TRON ecosystem.

According to Lookonchain monitoring, a user paid a Gas fee of 64.09 ETH (approximately $125,700) in a single transaction.

According to the official announcement, Gate DEX will launch a "Gas-Free Benefits Month" special promotion from February 10, 19:00 to February 25, 19:00 (UTC+8). During the event, Gate DEX will provide both new and existing users with multi-dimensional gas-free subsidies covering token sending, authorization, and trading, aiming to reduce users' on-chain interaction costs through full-process subsidies.It is reported that for users who create or import a new wallet within 7 days, Gate DEX offers 3 full-process gas-free opportunities; existing users can also receive 2 advanced gas-free benefits each month. In addition, the event features a "Recharge Bonus Gift," where users can activate additional token authorization and trading gas-free benefits instantly by pre-depositing 50 USDT to the gas station in a single transaction.The gas station is a recently launched multi-chain basic feature of the Gate wallet. By binding a dedicated gas account 1:1 with the user's EVM wallet, when users initiate on-chain transactions and the native gas is insufficient, they can choose to use the gas station balance to cover network fees, ensuring the smooth completion of transactions. This feature supports 10 mainstream EVM networks, including Ethereum, BNB Smart Chain, Arbitrum, and Polygon, and allows deposits of over 100 mainstream crypto assets, including GT, USDT, USDC, ETH, and BNB.

The cryptocurrency trading platform Gate's Gate Wallet has officially launched the Gas Station feature, further strengthening its capabilities in the Web3 multi-chain infrastructure layer. This feature primarily addresses the common issue of insufficient Gas during multi-chain interactions by providing a dedicated Gas account that is 1:1 bound to the user's EVM wallet, automatically covering network fees when native Gas is insufficient, thus preventing transaction interruptions.Currently, the Gas Station supports 10 mainstream EVM networks including Ethereum, BNB Smart Chain, Base, Arbitrum, Avalanche, Polygon, Optimism, Linea, GateChain EVM, and Gate Layer, and supports over 100 types of cryptocurrency assets for recharge, enabling cross-chain and cross-asset Gas payment methods.In addition, the platform has launched a limited-time incentive where new users can receive exclusive Gas subsidies upon completing their first deposit, and active trading users can enjoy cashback based on the recharge amount and high commissions for inviting friends while continuously using the Gas Station feature.The Gas Station helps lower the operational threshold for users in a multi-chain environment, promoting a more everyday experience in Web3. Through underlying experience optimization, Gate is consolidating its hub position in the Web3 ecosystem and providing ongoing support for broader user participation in the on-chain world.

Stable will undergo a v1.2.0 mainnet protocol upgrade on February 4th at 16:00. This upgrade will replace gUSDT with USDT0 as the native Gas token, introduce zero Gas transaction support, implement on-chain signal notifications for staking withdrawal delegation, and enhance the Solidity compatibility of STABLE tokens.

The ETHGas Foundation announced that the GWEI airdrop checker is now live, and claims will begin on January 21 at 21:00 UTC+8. Details on how to claim will be communicated through the foundation's official channels.Previously, the ETHGas Foundation disclosed the detailed allocation and lock-up plan for the governance token GWEI, with a total supply of 10 billion tokens, of which: 31% is allocated to the ecosystem, which will undergo a 10-year linear unlock; 27% is allocated to investors, including a 1-year lock-up period (with 10% unlocked immediately after the period) and a 2-year linear unlock; 22% is allocated to the team, including a 1-year lock-up period (with 10% unlocked immediately after the period) and a 2-year linear unlock; 10% is allocated to the community, which will undergo a 4-year linear unlock; 8% is allocated to the foundation, unlocking on the first day of launch; and 2% is allocated to advisors, including a 1-year lock-up period (with 10% unlocked immediately after the period) and a 2-year linear unlock.In addition, GWEI distributed through community airdrops will be automatically staked for 30 days upon launch to ensure early contributors participate in governance. Holders can choose to lock GWEI for a period ranging from 1 week to 4 years in exchange for veGWEI.

The ETHGas Foundation announced that the GWEI airdrop snapshot has been completed, with the snapshot time set for January 19, 2026, at 08:00. The next arrangements are to open the airdrop eligibility check on January 20 at 21:00, and the community airdrop on January 21 at 21:00. Eligible users will be determined based on their historical gas consumption on the Ethereum mainnet and their social and community participation in the Gasless Future project.It emphasized that to be eligible, users must meet specific historical gas consumption thresholds through their Gas ID to track their historical gas spending on the Ethereum mainnet. They must also participate in key community activities, including sharing their Gas ID or engaging in social actions related to the Open Gas Initiative on X.

Binance Alpha announced that it will be the first platform to launch HeyElsa (ELSA) and ETHGas (GWEI). The ELSA airdrop will open on January 20, and the GWEI airdrop will open on January 21.The announcement states that eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after the Alpha trading opens. Specific rules and details will be announced separately.

According to GMGN data, the Solana ecosystem Meme coin GAS has experienced a significant decline, with a daily drop of 82%, and its market capitalization has fallen below 3 million USD, currently reported at approximately 2.58 million USD.ChainCatcher reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.