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On September 20, Yang Sheng, Deputy Director of the National Medical Products Administration, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, opinions on improving the drug safety responsibility system will be issued, the revision of laws and regulations such as the Medical Device Administration Law and the Regulations on the Protection of Traditional Chinese Medicine Varieties will be promoted, the Implementing Regulations of the Drug Administration Law will be fully implemented, supporting systems will be improved, an action plan for improving drug and medical device standards will be implemented, the 2030 edition of the Chinese Pharmacopoeia will be compiled, prioritizing the inclusion of essential drugs, drugs covered by medical insurance, and high-risk preparations, and research and formulation of standards in cutting-edge fields such as brain-computer interfaces will be strengthened, so as to drive quality improvement through standard upgrades.On September 20th, at a press conference held by the State Council Information Office, Shu Wei, spokesperson and deputy director of the State Administration for Market Regulation, stated that during the 15th Five-Year Plan period, the government will improve the food safety responsibility system, strengthen the whole-chain supervision mechanism, enhance food safety risk prevention and control in key areas, fully implement "Internet + AI" supervision, improve the quality and efficiency of food sampling inspections, and ensure early detection and handling of potential risks. The government will also improve drug safety assurance levels, refine the drug safety responsibility system, and support the innovative development of the pharmaceutical industry.According to Politico: US President Trump has asked the budget director to draft an executive order to bring health research funding under his control.On September 20th, at a press conference held by the State Council Information Office on the start of the "15th Five-Year Plan" series, officials from the State Administration for Market Regulation stated that they will optimize the management of business entity access, promote the improvement of basic and general legal systems for registration management, deepen the reform of the registered capital subscription system, and further reduce institutional transaction costs, making it easier for enterprises and entrepreneurs to enter the market and handle affairs more conveniently. At the same time, they will streamline market exit channels, promoting the orderly exit of long-term inactive or ceased-operation enterprises and individual businesses, ensuring a dynamic market with both entry and exit, and the weeding out of the old and the influx of new. They will comprehensively utilize standard guidance, price enforcement, and quality supervision to address "involutionary" competition, guiding business entities to focus on improving quality and efficiency rather than wasting time on low-price competition. Furthermore, they will strengthen anti-monopoly and anti-unfair competition enforcement, enhance technical capabilities such as monopoly risk monitoring and early warning, and improve the efficiency and effectiveness of merger and acquisition reviews. In particular, for platform enterprises, they will further strengthen the supervision of data, algorithms, traffic, and rules, solidify the "gatekeeper" responsibilities of platform enterprises, and promote the innovative and healthy development of the platform economy.On September 20th, the French Ministry of Economy and Finance stated on the 19th that Frances public debt as a percentage of GDP is steadily rising, projected to reach 119.3% in 2026 and further increase to 121.7% in 2027. According to French media reports, Frances public debt ratio is currently only lower than Greece and Italy in the Eurozone. Data from the French National Institute of Statistics and Economic Studies (INSEE) shows that as of the end of the first quarter of 2026, Frances total public debt reached €3.5361 trillion, accounting for 117.5% of GDP, a further increase from 115.7% at the end of 2025.

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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