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On April 12, US President Trump issued a new threat to Iran, saying, "At the appropriate time, we will be fully ready and our military will end the remaining forces in Iran."April 12 - Explosions and gunfire were heard in Kabul, the capital of Afghanistan, on April 12 local time.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake occurred at 21:27 on April 12 in Zizhong County, Neijiang City, Sichuan Province (29.67 degrees north latitude, 104.88 degrees east longitude), with a focal depth of 10 kilometers.1. Monday: ① Data: US March existing home sales (annualized); China March M2 money supply (annualized). ② Events: OPEC releases monthly oil market report; International Monetary Fund (IMF) and World Bank hold spring meetings until April 17; Bank of Japan Governor Kazuo Ueda visits the US from April 13 to 18 to attend G20 and IMF meetings. ③ Earnings: Goldman Sachs. 2. Tuesday: ① Data: US March NFIB Small Business Confidence Index; US March PPI (year-on-year); US March PPI (month-on-month); China March trade balance (in USD); China March trade balance. ② Events: Federal Reserve Board hosts "Strengthening the US Economy through Rural Investment: Working Forum"; IEA releases monthly oil market report; IMF releases World Economic Outlook report. ③ Holiday: National Stock Exchange of India closed. ④ Earnings: JPMorgan Chase, Citigroup. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending April 10; final French March CPI month-on-month rate; Eurozone February industrial production month-on-month rate; Canadian February wholesale sales month-on-month rate; US April New York Fed Manufacturing Index, US March Import Price Index month-on-month rate, US April NAHB Housing Market Index. ② Events: The National Energy Administration releases total electricity consumption data around the 15th of each month; Bank of England Governor Bailey participates in a panel discussion at Columbia University; 2027 FOMC voting member and Chicago Fed President Goolsby participates in a panel discussion before the Semafor 2026 World Economic Conference; Fed Governor Barr delivers opening remarks at a working forum hosted by the Fed Board of Governors; Philadelphia Fed President Paulson, Richmond Fed President Barkin, Boston Fed President Collins, and Fed Governor Barr participate in a fireside chat at the Fed Board of Governors working forum; ECB President Lagarde delivers a speech. ③ Earnings Reports: Morgan Stanley, Bank of America, ASML. 4. Thursday: ① Data: Australias seasonally adjusted unemployment rate in March; Chinas first-quarter GDP year-on-year, Chinas March retail sales of consumer goods year-on-year, Chinas March industrial value-added year-on-year; UKs three-month GDP month-on-month in February, UKs February manufacturing output month-on-month, UKs seasonally adjusted goods trade balance in February, UKs February industrial production month-on-month; Eurozones final March CPI year-on-year rate, Eurozones final March CPI month-on-month rate; US initial jobless claims for the week ending April 11, US April Philadelphia Fed Manufacturing Index, US March industrial production month-on-month, US EIA natural gas storage for the week ending April 10. ② Events: Federal Reserve Governor Bowman speaks at the Institute of International Finance Forum; the Federal Reserve releases its Beige Book on economic conditions; Bank of England Governor Bailey speaks on global economic imbalances on the sidelines of an IMF meeting; the National Bureau of Statistics releases its monthly report on residential sales prices in 70 major and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy; FOMC permanent voting member and New York Fed President Williams speaks; the G20 finance ministers and central bank governors meeting is held. ③ Earnings Report: TSMC. 5. Friday: ① Data: Eurozone February seasonally adjusted current account, Eurozone February seasonally adjusted trade balance. 6. Saturday: ① Data: Total number of US oil rigs for the week ending April 17. ② Event: 2027 FOMC voting member and Richmond Fed President Barkin speaks.On April 12, local time, US President Trump posted on social media that the US-Iran talks had reached an agreement on "most issues," but failed to reach an agreement on the key issue of "nuclear weapons." Trump said the US had been briefed on the talks, which lasted approximately 20 hours, but Iran "was unwilling to give up its nuclear ambitions." Trump stated that the US would continue to push for negotiations, but was "fully prepared." He reiterated that Iran "will never possess nuclear weapons."

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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