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On January 18th, thousands of Danish residents held a demonstration in Copenhagen, the capital, on the 17th to protest the United States attempt to control Greenland. Some of the demonstrators were from mainland Denmark, while others were from Greenland. Around noon, the march began at Copenhagens City Hall Square and proceeded to the US Embassy in Denmark, about two kilometers away. The demonstrators held signs reading "Greenland Not for Sale" and "Americans, Get Out," chanting slogans to express the Danish peoples united stance against the USs attempt to seize the island.1. Russia says it hopes to resume the prisoner-of-war exchange process between Russia and Ukraine. 2. Zelensky: The Ukrainian delegation has arrived in the United States. 3. Zelensky orders the import of electricity and additional power equipment to be expedited as much as possible. 4. Zelensky: Energy repair work is underway in almost all regions of Ukraine. 5. Russian Ministry of Defense: Russian forces have taken control of Priluki in the Zaporizhzhia region of Ukraine. 6. The Russian Ministry of Defense reports that Russian forces have struck energy and transportation infrastructure used by the Ukrainian army, as well as temporary deployment points of the Ukrainian armed forces and foreign mercenaries.January 18 - As tensions continue in Minneapolis, Minnesotas largest city, Minnesota officials announced on the 17th that the states National Guard was on "standby." That day, pro-immigrant and anti-immigrant groups clashed in downtown Minneapolis.JPMorgan Chase confirmed that US President Trumps statement that he did not offer CEO Jamie Dimon the position of Federal Reserve Chairman was true.Gaza Situation: 1. Israel issued an ultimatum to Hamas: disarm within two months. 2. Canadian Prime Minister Carney has received an invitation from US President Trump to join the Gaza Peace Committee, and he plans to accept the invitation. 3. The Israeli Prime Ministers Office: The US decision to declare the Gaza Executive Committee subordinate to the Peace Committee was made without coordination with Israel and contradicts Israeli policy. Israel will raise this issue with the US Secretary of State. Iran Situation: 1. Iranian Armed Forces Chief of Staff: Hostile forces are distorting the facts through the media. 2. Iranian Supreme Leader Khamenei: We will not drag the country into war, but we will not let criminals, both domestic and foreign, go unpunished. 3. Text messaging in Iran was restored on the evening of the 16th local time; internet connections will be gradually restored in stages. 4. Iranian Supreme Leader Khamenei stated that the US instigated and orchestrated the unrest in Iran, and Trump is guilty. Other: 1. US-led coalition warplanes flew over the conflict zone in northern Syria, dropping warning flares. 2. The Syrian Democratic Forces (SDF) announced their withdrawal from the "contact zone" in Aleppo province. 3. The Syrian government forces claimed control of two oil fields in the north. 4. The U.S. Central Command urged the Syrian army to cease its offensive operations between Aleppo and Tabqa in northern Syria. 5. The Iraqi Ministry of Defense announced that U.S. troops had withdrawn from the Ain al-Asad Air Base in Iraq, and Iraqi forces had taken full control.

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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