• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 1st - According to media reports, Huawei, Xiaomi, Honor, and other mobile phone brands have recently seen a collective price increase, affecting multiple models. Huawei customer service responded that the price increase was due to adjustments in the market prices of key materials, leading to increased product costs and corresponding price adjustments. Xiaomi customer service stated that the price increase was due to the continued rise in the procurement costs of core components, resulting in appropriate adjustments to the retail prices of related products. Honor customer service replied that product prices and promotions are adjusted according to market demand, and therefore, after comprehensive evaluation, appropriate adjustments were made to the prices of related products.September 1st - Light Origins officially released and open-sourced its general navigation brain, LightNav-0, on September 1st. This brain achieves state-of-the-art (SOTA) status in public visual language navigation (VLN) benchmarks.A senior official from Japans Ministry of Finance stated that Japans fiscal policy and the recent coordinated foreign exchange intervention were among the main topics of discussion during the meeting between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter.A senior official from Japans Ministry of Finance stated that Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter discussed issues such as foreign exchange intervention during a bilateral meeting.On September 1st, it was reported that on August 31st, the leaders of the opposition parties, the "Chudo Reform Alliance," the Constitutional Democratic Party, and the Komeito Party, held a meeting in the Diet and formally decided to abandon the idea of a three-party merger at this stage. The "Chudo Reform Alliance," a new party formed by the Constitutional Democratic Party and the Komeito Party to counter the conservative Takashi City government, was announced on January 22nd. However, in the subsequent House of Representatives election, it won only 49 seats, far below expectations. Subsequently, members of the Constitutional Democratic Party and Komeito Party in the House of Councillors, as well as local organizations, who had originally planned to join the alliance, expressed increasing caution regarding further mergers, and the three-party merger ultimately failed. Japanese scholars believe that although the merger did not materialize, this is only one stage in the long-term restructuring process of Japans opposition parties, and they may continue to cooperate and seek restructuring in other forms in the future.

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.