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According to Hong Kong Stock Exchange documents, Suzhou Jiuwu Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.January 19th - The "Suggestions" propose improving the education resource allocation mechanism to adapt to population changes, strengthening the cross-grade allocation of basic education school buildings and teachers, and ensuring the overall stable growth of the citys education fiscal investment. It also calls for implementing the national policy of steadily expanding the scope of free education and exploring the extension of compulsory education years.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose to serve the construction of a unified national market, eliminate barriers in areas such as access to factors of production, qualification certification, bidding and tendering, and government procurement, promote cross-regional alignment of law enforcement standards, strengthen comprehensive rectification of "involutionary" competition, improve the circulation system, and further reduce overall social logistics costs. The suggestions also emphasize leveraging the role of proactive fiscal policy, optimizing the structure of fiscal expenditures, deepening the reform of cost budget performance management, strengthening the management of government investment funds, and deepening zero-based budgeting reform. Furthermore, the suggestions call for improving the unified urban and rural construction land market, strengthening the full-cycle value management of land, deepening mixed land use and flexible supply, steadily promoting the extension and renewal of land use rights in accordance with the law, improving the integrated land reserve mechanism of planning, storage, supply, and use, strengthening the management of temporary space utilization, and increasing efforts to revitalize and utilize inefficient land.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose accelerating the improvement of the modern financial system. This includes establishing a robust and functional financial market system, actively developing direct financing, improving the capital market functions to coordinate investment and financing, promoting the high-quality development of a multi-tiered equity market, strengthening the functions of the bond market, steadily and orderly developing the futures and derivatives markets, deepening the pilot program for the registration of trust property, and continuously enhancing the functions of the international gold trading platform.On January 19th, the "Suggestions of the Shanghai Municipal Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development of Shanghai" were released. The suggestions propose accelerating the construction of a global RMB asset allocation center and risk management center. They also call for expanding cross-border and offshore financial services, deepening the facilitation of cross-border investment, financing, and settlement, enriching exchange rate hedging tools, optimizing the offshore account system, promoting the development of offshore credit and free trade zone offshore bonds, improving the legal and regulatory system and business rules, and creating an offshore financial (economic) functional zone. Furthermore, the suggestions emphasize deepening the interconnection between domestic and international financial markets, actively promoting the establishment of the Shanghai International Financial Asset Exchange Platform, and exploring pilot programs for RMB foreign exchange futures trading. Finally, the suggestions support financial institutions in expanding their global service networks, enriching the variety of RMB-denominated financial assets, and promoting the internationalization of the RMB.

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.

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