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On April 19th, the Victorian government announced that all public transport will be free in May, with fares halved for the remainder of the year. The measure will cost approximately AU$432 million (US$310 million). This move aims to increase support for consumers affected by high fuel prices, exacerbated by the Middle East wars leading to soaring fuel costs and a fire at one of Australias last two refineries, further fueling concerns about fuel supplies.The Iranian Martyrs Foundation reports that the war between the US, Israel, and Iran has resulted in the deaths of 3,468 Iranians.On April 19th, according to Hubei Daily, on April 16th, the V1000 passenger-type eVTOL (electric vertical takeoff and landing) prototype made its first public appearance after rolling off the assembly line at the Wuhan Xunqi Technology Co., Ltd. workshop in the Wuhan Economic and Technological Development Zone Low-Altitude Economy Industrial Park, attracting the attention of visitors. Reporters at the scene observed that the V1000 passenger-type aircrafts appearance is closer to that of a passenger plane, with windows and added seats. Xu Zhilin, chief engineer of the Wuhan Xunqi Technology project, said, "The V1000 passenger-type aircraft is expected to make its maiden flight in June this year. Currently, airworthiness certification work is underway, and it is expected to be officially launched to the market around 2030."On April 19th, Unitree Robotics officially announced that in the Beijing Humanoid Robot Marathon qualifying race on April 16th, Unitree H1 (23-year revised version) autonomously completed the 1.9-kilometer multi-curve course in 4 minutes and 13 seconds, breaking the human 1500-meter world record (calculated proportionally).US-Israel-Iran Conflict: ① Iran 1. Iran claims missile and drone production continues. 2. Irans Chief Justice: The enemy must pay war reparations. 3. Iran announces suspension of ticket sales; flights must be approved on a case-by-case basis. 4. Irans Civil Aviation Organization announces the reopening of some Iranian airspace. 5. Iranian Army Commander: The failure of the operation in Isfahan province was the main reason for the enemys ceasefire. 6. Irans First Vice President: Trumps remarks stem from his delusions and lies; there is no need to respond. 7. Satellite images show fires at two Iranian oil refineries, just days after multiple crude oil storage tanks at these refineries were damaged. 8. According to Iranian media Mizan: Iran will not open the Strait of Hormuz while the US blockade remains in place; Iran is reviewing recent US proposals. 9. According to Iranian media: Irans First Vice President stated that Iran is responsible for the management of the Strait of Hormuz. Either they (the US) give us rights at the negotiating table, or we will go to war. 10. Iran claims US-Israel attacks have killed 3,468 Iranians. 11. According to Irans Press TV: Iranian commanders claim to have shot down 170 US and Israeli drones during the war. ②US 1. US military: 21 ships have turned back to Iran as instructed by the US military. 2. US media: Trump convened a White House Situation Room meeting on the situation in the Strait of Hormuz and US-Iran negotiations, attended by the Vice President, Secretary of State, Secretary of Defense, Secretary of the Treasury, and other senior officials. 3. US Central Command: The guided-missile destroyer USS Pinckney (DDG 91) patrolled the area to support the blockade operation. This blockade has completely blocked maritime economic and trade activities in and out of Iran. 4. According to the New York Times: US intelligence assessments suggest that Iran still retains about 40% of its pre-war drone inventory and has dug underground missile cities during the ceasefire. It currently possesses about 60% of its missile launchers and possibly as much as 70% of its missile inventory. ③Israel 1. The Israeli military established a new "Yellow Line" in southern Lebanon, aiming to implement the "Gaza Model." ④Strait of Hormuz 1. Trump stated that there will be no tolls in the Strait of Hormuz. 2. Several ships attempted to pass through the Strait of Hormuz but ultimately turned back. 3. Maritime News: Iranian Revolutionary Guard opened fire on oil tankers attempting to cross the Strait of Hormuz. 4. US Central Command: Since the blockade began, 23 ships have turned back at the instruction of the US military. 5. Five Iranian oil tankers attempted to break through the US blockade by concealing navigation data. US destroyers forced three Iranian oil tankers to return and are pursuing two more. 6. Indian Government: The Indian Foreign Secretary expressed deep concern over the shooting incident involving two Indian-flagged vessels in the Strait of Hormuz earlier today. 7. According to Axios: A US Department of Defense official stated that the Iranian Islamic Revolutionary Guard has launched at least three attacks on merchant ships in the Strait of Hormuz since Saturday morning (local time). 8. Iranian Islamic Revolutionary Guard: The Strait of Hormuz has been blocked from the evening of the 18th until the US blockade is lifted. 9. Shipping in the Strait of Hormuz has come to a standstill again. ⑤ Ceasefire Negotiations 1. Islamabad traffic control escalates in preparation for US-Iran negotiations. 2. Iran is reviewing new US proposals and has not yet responded. 3. Iran stated it has not yet agreed to hold the next round of negotiations with the US. 4. Trump responded to the inconsistency in US and Iranian messages: because Iran also has people it needs to appease. 5. Advisor to Irans Supreme Leader: Internal unity and the resistance front cannot be used as bargaining chips. 6. Trump warned that if negotiations fail, he might acquire Irans uranium stockpile in a "more unfriendly way." 7. On the 17th, Trump stated regarding Iran that he had just received "some pretty good news, mainly that Iran will not possess nuclear weapons." 8. Trump: If an agreement cannot be reached with Iran by the 22nd, the ceasefire may not be extended. 9. Trump: The US and Iran are in dialogue, and there will be news before the end of today. Iran cannot blackmail us by closing the Strait again. 10. The Iranian Parliament Speaker stated that there is still a long way to go before reaching a final agreement with the US. ⑥ Other situations: 1. The Pakistani delegation concluded its visit to Iran. 2. UNIFIL was attacked in southern Lebanon, resulting in 1 death and 3 injuries. 3. The US announced sanctions against 7 commanders of Iraqi militia groups. 4. International Maritime Organization: Approximately 20,000 seafarers are stranded in the Persian Gulf. 5. Iraq claims oil exports from all oil fields will resume within days. 6. British Foreign Secretary urges full resumption of shipping in the Strait of Hormuz. 7. Hezbollah leader: Will respond to violations of the ceasefire agreement. 8. Israeli military says its attacks on militants in several Lebanese regions are "unrestricted by the ceasefire." 9. Hezbollah denies attacking UNIFIL soldiers in Lebanon. 10. Rosatom CEO: Rosatom is prepared to assist Iran in transporting enriched uranium. 11. IATA: Flight cancellations in Europe could begin as early as the end of next month; countries need to coordinate responses. 12. Élysée Palace: Macron, after speaking with the Lebanese president and prime minister, stated that the attack on UNIFIL soldiers in Lebanon is unacceptable. 13. Lloyds Ship Daily reports that the average price of ultra-low sulfur fuel oil (VLSFO) for marine propulsion has fallen to $856 per ton. The price is down 19% from the wartime peak in the Middle East, but is still 73% higher than the average price in January and February.

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.