EUR/USD 1.16625
-0.090%
Gold 4642.67
-0.342%
Oil 79.901
-0.966%
USD/JPY 158.988
-0.134%
GBP/USD 1.36339
-0.096%
GBP/JPY 216.770
-0.224%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: The CPI is expected to gradually rise due to the situation in the Middle East.On August 26th, in response to passenger concerns regarding flight ticket refund and change services, the China Air Transport Association (CATA) has taken the lead in coordinating and promoting the upgrading and optimization of these services, launching several measures. These include researching and issuing refund and change standards to comprehensively improve the transparency of the rules. CATA is currently leading the development of a special group standard for flight ticket refunds and changes, which is planned to be officially released and implemented this year. The standard will clearly define refund and change requirements. All ticketing platforms and official airline channels must proactively disclose refund and change rates, restrictions, and free refund and change scenarios to passengers before they pay for their orders, using prominent fonts, mandatory pop-up prompts, exclusive logos, and upfront notifications. This will address the issues of hidden, incomprehensible, and uninformed rules, ensuring passengers right to know and right to choose.The yield on Japans two-year government bonds rose 2.0 basis points to 1.695%.On August 26, Iranian Deputy Foreign Minister Gharibabadi stated in an interview on August 25 that Iran remains in a state of war, and the Strait of Hormuz is under the complete control and surveillance of the Iranian armed forces. It will not be reopened unless Iran agrees, approves, and arranges for its reopening. Gharibabadi also warned that, to defend national security and interests, Iran could take preemptive action against US targets if conditions were right, without waiting for the US to launch an attack before taking defensive measures.On August 26, the Norwegian government announced plans to regulate the use of smart glasses and similar devices, considering banning their facial recognition functions in public places. Norwegian Minister for Digital and Government Management, Kariana Thun, stated, "We have noticed the impact of new technologies on peoples private lives and privacy, and therefore I hope to implement stricter regulations on smart glasses and similar devices than currently in place." She indicated that this could mean banning certain functions of smart glasses, such as facial recognition, in public places. She also called on the public and private sectors to develop their own usage guidelines.

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