• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Irans Mehr News Agency, Iran stated that countries around the world welcome the agreement reached between the US and Iran, with only Israel taking a critical stance.June 15th - Zhipu (02513.HK) announced the launch of its latest flagship model, GLM-5.2. This model offers a long context of up to 1MB and continues to lead in long-duration tasks. It will be open-sourced under the MIT license. This model is expected to boost the call volume of the companys open platform and API services. As of the date of this announcement, the company is not aware of any information that needs to be disclosed to avoid a false market in the companys securities, or any inside information that needs to be disclosed under the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the companys securities.Japans tertiary sector activity index rose 1.3% month-on-month in April, compared with a previous reading of -0.20%.June 15th - According to the National Railway Administration, from January to May 2026, the national railway passenger and freight volumes remained high, railway construction progressed steadily, effectively playing a radiating and driving role and injecting new momentum into regional economic and social development. In terms of passenger transport, from January to May, the national railway system completed a total of 1.969 billion passenger trips, a year-on-year increase of 5.7%; and completed 697.739 billion passenger-kilometers, a year-on-year increase of 4.2%. In May, the railway system completed 414 million passenger trips, a year-on-year increase of 1.9%; and completed 140.387 billion passenger-kilometers, a year-on-year increase of 2.2%. Regarding fixed asset investment, from January to May, the national railway system completed 248.5 billion yuan in fixed asset investment, a year-on-year increase of 2.6%, and railway construction progressed steadily.June 15th - The Bank of England will hold its interest rate decision on Thursday. The meeting is expected to see a majority vote to keep rates unchanged, but it is anticipated to reflect the Monetary Policy Committees growing concerns about the inflation risks posed by the prolonged energy crisis. Following calls from senior officials, including Governor Bailey and Deputy Governor Briden, for caution before addressing rising inflation risks, the market widely expects the bank to keep the key interest rate unchanged at 3.75%. "The momentum in the labor market has cooled significantly," said Hetal Mehta, an economist at St Jamess Place. "I dont think theres enough impetus for a rate hike at the moment." However, at least two rate setters—Chief Economist Peale and Monetary Policy Committee member Green—have hinted at calling for an immediate rate hike. Another Monetary Policy Committee member, Mann, stated that if the energy crisis worsens, a rate increase at some point cannot be ruled out.

Crypto Market Sell-off Delivers NFT Trading Volume Boost

Cory Russell

Apr 13, 2022 10:06


微信截图_20220413094918.png


The crypto market sell-off has aided the growth of OpenSea NFT trading volumes.


Trading volumes on OpenSea fell in February and March as the crypto market rose.


As more mainstream businesses join the NFT area, the prognosis for the NFT market remains positive.

NFTs and OpenSea had a strong start to 2022, with trade volumes reaching an all-time high in January. The upward trend provided a positive picture for the next year.


ETH trade volume reached $4.97 billion in January, according to Dune Analytics statistics. The previous all-time high for OpenSea came in August, when trade volume reached $3.42 billion.


However, the crypto market's recovery from late January lows to early April highs was underwhelming in February and March.


Conditions in the NFT market look to be improving, with the recent crypto market sell-off providing support.

Trading on OpenSea with ETH under $3,000

March saw $2.49bn in ETH-based NFT trading volumes, down from $4.97bn in January and $3.58bn in February.


ETH trading volume is at $1.30bn. A continuing ETH decline would encourage demand for NFTs, notwithstanding the lack of a straight line.


After a January low of $2,161, ETH hit $3,500 in April before slipping down to sub-$3,000. ETH has declined in 6 of 9 sessions, with ETH-based NFT trading on OpenSea returning to sub-$3,000.


Because NFT trade volumes for Polygon (MATIC) and Solana (SOL) are so small, ETH remains the major emphasis.


This month's active traders have risen. From 546,145 in January to 451,767 in March, active ETH-based NFT traders. This month, there were 281,546 active ETH-based NFT traders.


Active traders may reach January's all-time high, boosting OpenSea and NFTs.

Beyond ETH Value's Influence on Trading Volume

Competition, illegal conduct, new NFT launches, and regulatory scrutiny will all have an impact on OpenSea trading activity.


LooksRare (LOOKS) debuted in January this year, and Coinbase is ready to join the NFT field via CoinbaseNFT.


Acceptance of fiat money as a form of payment will be a last important driver for NFT transaction counts. Coinbase and Mastercard announced a cooperation at the start of the year that would enable mainstream payments for NFTs.


The ability to accept mainstream payments eliminates the need for potential NFT collectors to open digital wallets and acquire cryptocurrency under risky market circumstances. The move by Coinbase to accept Mastercard payments may drive other NFT markets to do the same.


The good news for the NFT industry is that major corporations are continuing to investigate and join the digital asset market. Investors will be watching how Solana-based NFTs work for OpenSea.


However, there are also downside concerns, such as illegal activities and increasing governmental supervision. Regulatory monitoring must be helpful rather than punishing in order to make the NFT market more accessible. The actions of regulators on NFTs may be connected to unlawful activities in the NFT sector.