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On April 20, Canadian Prime Minister Mark Carney delivered a video address via social media on April 19, assessing the current state of Canada-US relations. He stated that many of Canadas previous "advantages" built on close ties with the United States have turned into "disadvantages" that must be corrected, and called for addressing current challenges through foreign trade diversification. In this video address, titled "Forward-Looking Guidance," Carney said, "The United States has fundamentally changed the way it trades," raising tariffs to levels not seen since the Great Depression of the 1930s. Currently, US tariffs on the Canadian automotive, steel, and lumber industries have already had a negative impact. Carney said that Canada cannot control interference from the United States, nor can it pin its future on the United States suddenly ceasing these actions. "Hope is not a plan, and nostalgia is not a strategy." Carney pledged to regularly update the public on the progress of national trade diversification. He stated that in the past year, the Canadian government has signed 20 new trade agreements. Canada will attract global investment, harmonize inter-provincial trade regulations, and double its clean energy production capacity to reduce dependence on a single external market.Pakistani Prime Minister Sharif shared with Iranian President Pezeshiziyan recent exchanges with the leaders of Saudi Arabia, Qatar and Türkiye.According to the AXIOS website: Despite being blacklisted, the U.S. National Security Agency is still using Anthropics Mythos model.April 20th - According to CBS News, U.S. officials revealed that the aircraft carrier USS Gerald R. Ford has returned to the Middle East after a brief stop in the eastern Mediterranean. The carrier, along with two destroyers—the USS Mahan and the USS Winston S. Churchill—has passed through the Suez Canal into the Red Sea. The Ford, which had been at sea since June and had just returned from a deployment in the Caribbean, had broken the record for the longest aircraft carrier deployment since the Vietnam War. It has now returned to the Middle East after a fire in its laundry unit forced it to return to port for repairs. The Ford joins the USS Abraham Lincoln, which is operating in the northern Arabian Sea. The USS George H.W. Bush is currently rounding the Cape of Good Hope and is expected to arrive in the region around the end of the month, at which time three aircraft carriers and their strike groups will be operating in the area.April 20 - According to information obtained from Iran on the 19th local time, the US military attacked an Iranian merchant ship to force it to return to port.

Crypto Market Sell-off Delivers NFT Trading Volume Boost

Cory Russell

Apr 13, 2022 10:06


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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.

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