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BlockBeats News, March 28th - Today, Thai Prime Minister Anutin announced that in response to the domestic oil price increase caused by the Middle East situation, the Thai Ministry of Foreign Affairs has been actively communicating with relevant countries. According to the current agreement reached with Iran, Thai oil tankers can safely pass through the Strait of Hormuz. During a press conference at the Prime Minister's Office on the same day, Anutin explained the government's measures to deal with oil price fluctuations. He stated that the government will focus on advancing diplomatic coordination, energy security, commodity price control, and ensuring people's livelihoods. He called on the public to practice energy-saving measures together to address the situation. Thai Foreign Minister Suchart expressed that Thailand has proposed convening a special ASEAN Foreign Ministers' Meeting to discuss plans to ease the tense situation. Thailand currently has a stable oil reserve, and the government is actively seeking additional sources of energy through diplomatic channels. (Golden Finance)

Anutin held a media briefing at the Prime Minister's Office that day to explain the government's measures to address oil price fluctuations. He said the government will focus on four key areas going forward: diplomatic coordination, energy security, commodity price control, and safeguarding people's livelihoods. He also called on the public to practice energy-saving measures together to cope with the situation. (Xinhua News Agency)

Firelight has surpassed 50 million XRP staked, marking a major milestone for its XRP-based DeFi protection and staking model. The growth comes as DeFi exploit losses in the first quarter have already topped $137 million, pushing risk infrastructure back into focus. Firelight is hitting a notable milestone at a moment when DeFi security is back under the microscope. The protocol has now crossed 50 million XRP staked, a level that says as much about market appetite for protection as it does about XRP’s growing role inside the Flare ecosystem. Firelight is pitching XRP as collateral for DeFi cover Built on Flare and incubated by Sentora, Firelight is trying to do something more specific than just offer another staking venue. The protocol uses staked XRP, brought onchain through Flare’s FAssets system as FXRP, to back a cover layer for DeFi protocols. The pitch is fairly direct. Protocols should be able to buy protection against smart contract exploits, oracle failures, bridge risk, and broader economic attacks, while XRP stakers earn yield from that demand. That gives the model a different angle from standard liquid staking. Users deposit XRP, mint FXRP and stake it into Firelight’s vault, receiving stXRP in return. That token can still move around the Flare DeFi stack while rewards continue to accrue. The speed of adoption is also part of the story. According to the company, the first deposit cap filled quickly, and the expanded cap saw heavy uptake as well, including whale-sized deposits above 1 million XRP. That kind of flow suggests this is not just retail experimentation. Bigger capital is at least starting to circle. DeFi exploits are making protection feel less optional The backdrop matters. DeFi exploits have already caused more than $137 million in losses this quarter, and recent stablecoin failures have once again exposed how thin the sector’s risk layer can look when something breaks. That is the gap Firelight is trying to monetize. Sentora describes the protocol less like an insurance wrapper and more like risk middleware for onchain markets, backed by exogenous capital and informed by active monitoring. Firelight has already launched Phase 1, focused on liquid staking without slashing risk. Phase 2, expected in Q2, is where the actual cover mechanism goes live. That is when the real test begins. The question is no longer just whether users will stake XRP. It is whether DeFi protocols are ready to pay for credible onchain claims-paying capacity at scale.