• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. my country achieves significant breakthrough in the research and development of superconducting magnets for nuclear fusion reactors. 2. Wuhan Optics Valley introduces a package of new policies for science and technology finance, aiming to have over 100 listed companies. 3. National Bureau of Statistics: Industrial enterprise profits increased by 18.8% year-on-year in the first five months, with the electronics industry contributing over 40%. 4. Vice Premier Zhang Guoqing emphasized during his research visit to Zhejiang the need to strengthen the deep integration of scientific and technological innovation and industrial innovation. International News: 1. US Secretary of State Rubio: Pushing for Trumps visit to India early next year. 2. The US government may lift restrictions on the Anthropic Fable 5 model as early as next week. 3. ECB Executive Board member Schnabel: Price pressures may remain stronger than expected, and further interest rate hikes are anticipated. 4. A magnitude 6 earthquake struck the Hindu Kush region of Afghanistan, with tremors felt in the capital, Kabul. 5. Middle East Situation—① Israeli Army Radio: The Israeli army will reduce its forces in southern Lebanon and withdraw several combat brigades. ② Joint Maritime Information Center: The maritime security threat level in the Taiwan Strait has been raised from "moderate" to "high". ③ Following the Iranian Revolutionary Guards strikes on vessels violating regulations, more ships are seeking permission from Iran. ④ After the framework agreement between Lebanon, Israel, and the US, the Israeli military launched another attack on southern Lebanon. ⑤ Hezbollah: The Israel-Lebanon framework agreement is invalid, and it refuses to link Israeli troop withdrawal with Hezbollahs disarmament. On June 27th, European Central Bank (ECB) Executive Board member Schnabel warned that even if a US-Iran peace agreement reopens the Strait of Hormuz, price pressures could still be stronger than expected. Schnabel stated on Saturday that "food, goods, and services inflation face upside risks," and that energy price shocks could spread to a wider range of sectors. While welcoming the recent drop in energy prices due to the prospect of a US-Iran peace agreement, she warned that a ceasefire should not be a reason for complacency. She stated, "Uncertainty remains high, but the announced peace agreement reduces the likelihood of a negative scenario." Nevertheless, oil prices are expected to remain high because the Strait of Hormuz is only gradually reopening. Schnabel, considered the most hawkish member of the Governing Council, reiterated that "the ECB expects further interest rate hikes to bring inflation back to 2% in the medium term." She noted that consumer inflation expectations have risen. However, there are no signs of wage pressures yet.The United Nations estimates that the Venezuelan earthquake could affect approximately 6.8 million people.ECB Executive Board member Schnabel: The ECB is expected to raise interest rates further.ECB Executive Board member Schnabel: There are currently no signs of wage pressure.

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.