EUR/USD 1.13774
0.009%
Gold 4035.23
0.104%
Oil 67.932
-0.138%
USD/JPY 162.551
-0.018%
GBP/USD 1.32786
0.032%
GBP/JPY 215.853
0.028%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Updates: 1. According to RIA Novosti: The Russian Ministry of Defense stated that Russian troops have taken control of two new settlements in Ukraine. 2. It was reported that Russian troops destroyed five Ukrainian naval unmanned vessels in the northeastern Black Sea. 3. According to Interfax: A fire at an oil refinery in Sloviansk-Nakubani, Russia, has been extinguished. 4. Zelensky: Ukrainian troops launched a second attack on an oil refinery in Ufa, Russia, and a missile component factory in the Penza region. 5. Market News: Ukrainian officials stated that air defense systems are intercepting Russian drone attacks on Kyiv, and drone debris has been found in at least two areas. 6. Market News: A fire broke out at the Primir Palace Hotel in Kyiv following the Russian drone attacks. Other Updates: 1. Zelensky: Ukraine has agreed to a drone deal with Ireland. 2. Ukrainian Prime Minister: Ukraine is launching a new arms export mechanism. 3. Russia has imported gasoline from India to address a shortage, with at least 60,000 tons already shipped. 4. Zelensky: Ukraine has not yet obtained all the details of the Nord Stream 2 bombing investigation. 5. Zelensky: Hopes to open up all areas of the negotiations for Ukraines EU accession during Irelands EU presidency. 6. According to German media reports, German federal prosecutors have filed charges against a Ukrainian national, accusing him of involvement in the Nord Stream pipeline explosion. 7. NATO Secretary General Rutte: NATO allies will pledge sustainable long-term security assistance to Ukraine at the summit. The United States remains indispensable in Ukraines defense. 8. Market news: A letter indicates that the Ukrainian Defense Minister has requested EU allies to allocate €6.6 billion to the EU-backed military aid fund, stating that Ukraine has a six- to nine-month window of opportunity on the battlefield to expand its advantage over Russia.On July 2nd, Valar Atomics, a California-based nuclear energy startup, used an advanced reactor to generate electricity to power Nvidias AI chips. While the generated power was very small, this marks the first time a next-generation reactor in the United States has achieved this. During a demonstration at the companys Utah base on Wednesday, Valars Ward 250 reactor was connected to an Nvidia Blackwell chip and used to temporarily host a website. The two companies also announced an agreement to jointly explore methods for developing nuclear-powered AI systems. This latest development comes after the reactor reached "criticality" last month, marking the beginning of a self-sustaining fission reaction. Valar belongs to a group of companies developing next-generation nuclear technologies that use new materials and designs aimed at improving safety and performance. However, the industry is still in its early stages, and no advanced reactors have yet been commercialized in the United States.On July 2nd, local time, Iran released a video of a speech by Iranian Parliament Speaker Mohammad Qassem Ghalibaf on the evening of July 1st. Ghalibaf stated that claims about "allowing IAEA inspectors to enter destroyed nuclear facilities" are false. He stated that the Iranian Islamic Parliament passed a law, approved by the Supreme National Security Council, stipulating that access to destroyed or damaged nuclear facilities cannot be permitted in any way. Ghalibaf emphasized that the IAEA is only allowed access to two locations: the Bushehr nuclear power plant and the Tehran nuclear research reactor. Iran does not grant any privileges beyond those granted by the Supreme National Security Council.Market news: A fire broke out at the Primir Palace Hotel in Kyiv following a Russian drone attack.US-Iran Negotiations: 1. According to Saudi Arabias Al Arabiya TV: A senior government official stated that US negotiators Kushner and Witkov held positive discussions with Qatari regional leaders, and technical negotiations with Iran are also progressing. 2. According to foreign media reports on July 1, citing sources, US and Iranian officials will hold indirect talks that day in Doha, the capital of Qatar. 3. According to Israels Channel 12, citing Saudi media reports: The Doha negotiators have reached a preliminary agreement to release $3 billion to Iran. 4. US President Trump: Iran negotiations are progressing well. Irans denuclearization is progressing well. 5. Iran says it will launch negotiations on a final agreement with the US at an appropriate time. 6. According to Axios: The US attempted to persuade Iran to abandon the "passage fee" mechanism in the Strait of Hormuz during the Doha negotiations. 7. According to the Islamic Republic News Agency (IRNA): Irans Deputy Foreign Minister stated that the Iranian delegations talks in Doha have concluded. 8. Sources: Iran is demanding a phased implementation of the US-Iran memorandum of understanding, with a focus on unfreezing assets. 9. Iranian Parliament Speaker Ghalibaf: Reports of inspectors entering bombed sites are false. 10. US Vice President Vance: Technical negotiators are discussing the Iranian issue. 11. Iran claims the US violated its commitments under the memorandum of understanding and will establish a monitoring mechanism to review violations. 12. Iranian sources say Iran insists on retaining control of the Strait of Hormuz. 13. US Vice President Vance: Commercial shipping has achieved free passage in the past three days. 14. Qatar: All parties agreed to advance discussions, and the next meeting will be held after the funeral of the former Iranian Supreme Leader. Other developments: 1. Israeli media, citing senior security officials, stated that the Gaza Strip is nearing a boiling point, and returning to conflict is no longer a question of "if," but "when." 2. US officials: US troops will be stationed in Lebanon to monitor the ceasefire. 3. According to Saudi Arabias Al Arabiya TV: Israel launched airstrikes over Nabutia in southern Lebanon. 4. Iran Air resumes its Tehran-Mumbai route. 5. Thailand confirms that most of its ships have safely left the Strait of Hormuz. 6. British media: Gulf states reportedly seek to reach a regional security agreement with Iran unilaterally. 7. A ship ran aground in the Strait of Hormuz; the extent of the damage is unclear. 8. According to Iranian state media: A foreign container ship ran aground in the Strait of Hormuz because it did not follow the route designated by Iran.

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.

Suggestion