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On September 6th, TankerTrackers reported on Saturday that Iraqs oil exports in August fell by 36% compared to pre-war levels, making it one of the Middle Eastern oil-producing countries with the largest decline in exports. The comparison is based on export levels in January and February before the conflict. Iran saw the largest drop, with crude oil exports plummeting by 100%. Qatar and Saudi Arabia followed closely, both experiencing a 48% decline in exports. Kuwaits crude oil exports also fell by 36% in August, matching Iraqs decline, placing these two countries tied for third place among those tracked by TankerTrackers. The UAE saw the smallest decline, with crude oil exports falling by only 0.02% compared to pre-war levels.OpenAIs Head of Applied Research: Spatial reasoning ability was one of the last areas where humans far surpassed computers, but with Astra, that will no longer be the case.September 6th - According to foreign media reports, a White House official stated on Saturday that US and Russian officials discussed a "substantial" plan for the next steps in negotiations aimed at ending Russias military operations in Ukraine, and that the plan will be released in the coming weeks. The White House official stated, "Witkov and Kushner met with Russian President Putin to advance President Trumps peace agenda in the Russia-Ukraine conflict. Officials from the National Security Council, the State Department, and the Treasury Department also participated in the discussions, exploring proposals to bring peace to this conflict. The two sides discussed a substantial plan for the next steps, the details of which will be released in the coming weeks. We look forward to equally productive talks in Ukraine tomorrow."A White House official said that U.S. and Russian officials discussed the next substantive steps in negotiations on the Russia-Ukraine conflict, and the plan will be released in the coming weeks.On September 6th, the Hunan Provincial Department of Housing and Urban-Rural Development, the Provincial Department of Natural Resources, and the Provincial Department of Finance jointly issued the "Notice on Supporting the Independent Renewal of Old Housing," supporting the independent renewal of eligible old housing on state-owned land in urban (including county) built-up areas of Hunan Province. The notice is effective from the date of issuance and will be valid for five years. Regarding funding, the principle of "mainly funded by property owners, supplemented by government subsidies, and supplemented by social capital" will be adhered to. Eligible projects can apply for relevant policy-based funds according to procedures. The notice supports social capital participation in the independent renewal of old housing and encourages policy banks and commercial financial institutions to provide medium- and long-term, low-interest special loans in accordance with laws and regulations. For property owners with financial difficulties and no other housing, basic housing needs can be met through the allocation of affordable housing during the construction period.

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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