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On June 12th, according to Qichacha APP, Wuhan Vector Engine Technology Co., Ltd. was recently established with a registered capital of 10 million yuan. Its business scope includes: engineering and technological research and experimental development; agricultural scientific research and experimental development; medical research and experimental development, etc. Qichachas equity penetration analysis shows that the company is indirectly wholly owned by Douyin Co., Ltd.Traders have reduced their bets on a European Central Bank rate hike, which is now expected to be 35 basis points by the end of the year.June 12th - To support the "Clean Up the Internet: Rectifying the Chaos in AI Applications" campaign, further regulate AI services and applications, promote the healthy and orderly development of the industry, and effectively protect citizens legitimate rights and interests, the Cyberspace Administration of Chinas Reporting Center will launch a "Special Reporting Zone for Chaos in AI Applications" starting in June 2026, specifically to accept public reports. The scope of accepted reports mainly includes 14 categories of issues, such as inadequate implementation of labeling for generated and synthesized content, and the creation and dissemination of false, inaccurate, violent, and vulgar information.June 12th - The 2026 USA FIFA World Cup officially kicked off on June 11th local time. During the opening ceremony, two adorably ugly Labubu dolls, one brown and one blue, appeared on stage. Their unique and cute appearance became a delightful surprise for the event. It is reported that the World Cup co-branded "Labubu" dolls, priced at 599 yuan, have already sold tens of thousands of units, quickly selling out after being available for purchase during the live stream.June 12 – The 12th China-Latin America and Caribbean Infrastructure Cooperation Forum, hosted by the Ministry of Commerce of China and organized by the China International Contractors Association and the Macao Investment Promotion Institute, was successfully held in Macao from June 10 to 12. Li Chenggang stated that, guided by the five major projects announced by President Xi Jinping at the opening ceremony of the Fourth Ministerial Meeting of the China-CELAC Forum, China is focusing on green and low-carbon transformation and digital technology innovation, continuously promoting the upgrading of China-Latin America trade and investment cooperation. China will deepen strategic alignment and people-to-people cooperation with Latin American countries, firmly uphold the multilateral trading system, create an inclusive and open development environment, promote the digitalization, greening, and intelligentization of infrastructure cooperation, continuously enhance the sustainability of China-Latin America infrastructure cooperation, and ensure that the fruits of cooperation better benefit the people of China and Latin America.

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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