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On September 14th, the Yemeni government forces stated on the 13th that in the month-long conflict between the government forces and Houthi rebels along Yemens western coast and related islands, the government forces suffered approximately 2,000 casualties, while the Houthis suffered over 1,000 deaths and thousands of injuries. According to a statement released by the Yemeni military group "National Resistance Forces" and cited by Yemeni state television, the casualties occurred between August 9th and September 10th. The statement said the conflict began with Houthi attacks on the "National Resistance Forces" using missiles and drones, and subsequently spread from southern Hodeidah province on the Red Sea coast to the neighboring Taiz province.On September 13th, according to foreign media reports, US President Donald Trump appeared to reject calls from several high-ranking figures in the artificial intelligence field on Sunday to slow down the development of AI models. During an interview at the Irish Open golf tournament, Trump said, "We are the most advanced country in the world, and frankly, I want that to continue. Whoever wins in AI wins everything." On Saturday, three of the most influential leaders in the AI industry—Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI founder Elon Musk—jointly supported slowing down the pace of AI model capability improvements. Trump said, "I think there are a lot of negative forces pushing this thing that shouldnt even be brought up. Theyre bringing up things that simply wont happen."On September 13th, it was reported that the summit originally scheduled for July 22nd, aimed at finalizing a reset agreement for the UK-EU relationship after Brexit, was postponed. The two sides subsequently quietly set the meeting date for November 6th. However, the Financial Times, citing two EU officials, stated that this date has now been postponed again, and the earliest it could be reached is the end of November. British officials insist that the summit should discuss new British Prime Minister Andy Burnhams concerns about the "Make in Europe" plan. This plan proposes prioritizing spending by some public sector and businesses on purchasing EU-made products, a move the British government fears will negatively impact British industries such as automobiles and chemicals.According to IRNA, sources say that sirens were sounded and explosions were heard in the southern Saudi city of Khamis Mushait and Abha.Saudi Arabias Civil Defense: The danger alert for the Khamis Mushait region has been lifted.

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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