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Market news: JaneStreet said in a memo to employees on Friday that its 2026 revenue "is down about 25% from its peak at the end of June".Sources say Canada’s trade minister told the advisory committee that Canada and the U.S. are “quite far from reaching an agreement.”On August 15th, Bloomberg reported that Anthropics preliminary revenue for the second quarter exceeded $11.5 billion, at least 14 times higher than the $787 million in the same period last year, and also higher than the $4.73 billion in the first quarter of this year. The company achieved a positive adjusted operating profit for the quarter. Anthropic was once in a catch-up position in the AI race, but thanks to the increasing use of its software by professionals to simplify workflows such as programming, the companys business growth has accelerated significantly. In May of this year, Anthropics annualized revenue exceeded $47 billion. In comparison, OpenAI previously disclosed annualized revenue exceeding $40 billion, but the calculation methods of the two may not be entirely consistent. Competition in the artificial intelligence field is heating up, with IPO financing reaching $256.4 billion so far this year, a new high since 2021 (excluding SPACs and other financial instruments).Market news: Anthropic reported preliminary revenue of over $11.5 billion for the second quarter of 2026, and also reported positive adjusted operating profit.According to the Iranian Students News Agency, Iranian Foreign Minister Araqchi stated that no decision has been made regarding the resumption of negotiations with the United States. Qatar and Pakistan, acting as mediators, are exchanging information with Iran, but this does not mean that the US and Iran have entered into negotiations.

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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