EUR/USD 1.13840
-0.022%
Gold 4062.71
-0.216%
Oil 69.547
0.232%
USD/JPY 161.787
0.022%
GBP/USD 1.31926
-0.041%
GBP/JPY 213.471
-0.005%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say Venezuela’s Amuay refinery has shut down due to a power outage; its daily output is 64.5 barrels.1. Monday: ① Data: Eurozone June Industrial and Economic Sentiment Indices, Eurozone June Industrial Sentiment Indices; ② Fed official Barkin speaks; ③ ECB holds Central Bank Forum in Sintra, until July 1; ④ The Peoples Bank of China will increase overnight reverse repurchase operations in open market operations on the 29th and 30th; ⑤ Japans Ministry of Finance holds a government bond investor meeting; ⑥ Samsung and SK Hynix will announce major investment plans; ⑦ 2026 Beijing Space Computing Conference held. 2. Tuesday: ① Data: Japans May unemployment rate, Chinas June official manufacturing PMI, UKs Q1 current account and GDP final readings, Frances June CPI preliminary reading, Germanys June unemployment rate and CPI preliminary reading, Canadas April GDP monthly rate, US April FHFA house price index monthly rate and 20-city house price index, US May JOLTs job openings, US June Conference Board Consumer Confidence Index; ② Earnings reports: Nike; ③ ECB President Lagarde speaks in Sintra; ④ RBA releases minutes of its June monetary policy meeting; ⑤ US and Iran hold technical talks; ⑥ 2025 annual personal income tax settlement concludes; ⑦ 2026 China Intelligent Computing Industry Ecosystem Development Annual Conference. 3. Wednesday: ① Data: US API and EIA crude oil inventories, Chinas June RatingDog Manufacturing PMI, June Manufacturing PMIs of the US, UK, France, Germany, and the Eurozone, US June Challenger job cuts, US June ADP employment figures; ② Speeches by the heads of the four central banks of the US, UK, Canada, and the European Central Bank at the European Central Bank Forum [simultaneous interpretation]; ③ Japanese Prime Minister Sanae Takaichi embarks on her first official visit to India; ④ The Toronto Stock Exchange is closed for one day, and the Hong Kong Stock Exchange is closed for one day due to the anniversary of the establishment of the Hong Kong Special Administrative Region; ⑤ The semiconductor and electronic components supply chain is expected to see a price surge; ⑥ The Davos Technology Summit opens; ⑦ The "Safety Traffic Regulations for Road Testing and Demonstration Applications of Intelligent Connected Vehicles" comes into effect. 4. Thursday: ① Data: Eurozone May unemployment rate, US May factory orders month-on-month rate, US June seasonally adjusted non-farm payrolls and unemployment rate, US initial jobless claims for the week ending June 27; ② 2026 Shanghai International Embroidered Intelligent Industry Expo; ③ The Global OPC Co-creation Festival is held in Beijing. 5. Friday: ① Data: US total oil rig count for the week ending July 3, Chinas June RatingDog Services PMI, and final June Services PMI readings for the UK, France, Germany, and the Eurozone; ② US stock markets closed for Independence Day; ③ Bank of England Governor Bailey speaks on fiscal and monetary policy coordination; ④ A new round of domestic refined oil price adjustments will begin; ⑤ European Central Bank President Lagarde speaks; ⑥ Trump will attend an event at Mount Rushmore. 6. Sunday: Saudi Aramco announces its official crude oil prices around the 5th of each month.June 29th - Given the Reserve Bank of Australias recent warning that official interest rates could rise further, issues concerning the Middle East conflict and oil prices remain crucial. Matthew Hassan, Head of Macro Forecasting for Australia at Westpac, expects the normalization of oil and gas supplies to be a "slow and tortuous process." He noted that concerns about persistently high domestic inflation will force the RBA to raise interest rates further in August. Hassan added that this decision will be difficult for the committee given the already weak economic growth.Invesco survey: 61% of central banks believe that the level of US debt has a negative impact on the long-term status of the dollar as a reserve asset.June 29 - On June 28 local time, Venezuelan Acting President Rodriguez stated that power services in La Guaira state, the hardest-hit area by the earthquake, have been restored to 75%, water supply to 68%, and road traffic to approximately 90%, with road and vehicle traffic essentially back to normal.

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.

Suggestion