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On August 26th, Bank of America stated that SpaceXs (SPCX.O) expanding wireless communications business could benefit T-Mobile US (TMUS.O), tower companies, and the value of spectrum assets. Bank of America pointed out that if SpaceX wants to build a competitive nationwide wireless communications network, it will need to make large-scale investments, acquire more spectrum resources, and spend years building the related infrastructure. However, Bank of America believes that SpaceXs satellite connectivity business is more likely to complement existing mobile communication networks rather than completely replace terrestrial networks. This means that SpaceX may establish partnerships with T-Mobile and tower operators in the future, creating new business opportunities for these companies.August 26th - This week, central bank officials from around the world will gather in Jackson Hole, Wyoming, to discuss how to re-examine global inflation and the prospect of further increases in borrowing costs in the face of new inflationary threats. Spiros, an economist at Thin Ice Macro in Frankfurt, stated, "Global central banks are likely to adopt a cautious stance, viewing inflation as the risk they least want to see. You never know when the next supply shock will suddenly appear." Subadra Rajapa, head of US research at Societe Generale, noted that countries differ in their urgency regarding inflation, partly due to their varying degrees of sensitivity to energy cost fluctuations, which in turn depend on their import volumes. He pointed out that Europe and Japan are "more sensitive to the situation in the Middle East and oil prices." "We estimate that policy rates in the US and UK will remain tight," said Jarry Stern, chief European economist at Goldman Sachs. "Different starting points mean different pressures on countries to cope with the energy shock, giving the Fed and the Bank of England more time to observe how this shock evolves." Former Philadelphia Fed President Patrick Harker said, "The Iran war has changed the way people discuss issues and make policy choices, and there seems to be no end in sight." "This makes this years Jackson Hole symposium completely different because we are now in a typical supply shock environment, or more accurately, multiple supply shocks hitting the global economy simultaneously."On August 26, CanSino Biologics (06185.HK) issued an announcement on the Hong Kong Stock Exchange, noting the companys recent market developments regarding mRNA technology. The mRNA platform is one of the companys key technology platforms. The company is currently developing mRNA preventative vaccines and therapeutic biological products, as well as related delivery systems. In the therapeutic areas, the company is advancing research and development of mRNA vaccines for the treatment of glioblastoma, rhabdomyosarcoma, and cervical cancer, as well as the development of InVivoCAR-related therapies, all currently in early stages.According to Al Jazeera, Iranian President Pezechzian and Russian President Putin plan to meet next week.August 26 – Question: Recently, Philippine Defense Secretary Teodoro stated at a hearing on the 2027 defense budget in the Philippine House of Representatives that he had reason to suspect that some elected officials in the Philippines accepted support from China and made statements favorable to Chinas position on the South China Sea issue. He also stated that the website of the Chinese Embassy in the Philippines had exceeded its diplomatic functions and was spreading false information locally. What is the Chinese Embassys comment? Answer: Philippine Defense Secretary Teodoro is making baseless accusations, distorting the truth, and attacking and smearing China. We strongly condemn this. The South China Sea issue is not the entirety of China-Philippines relations, and maritime disputes should not define bilateral relations. China has always been committed to properly handling China-Philippines maritime disputes through dialogue and consultation. However, there is always a small group of people in the Philippines attempting to create conflict and provoke confrontation between China and the Philippines. Their actions run counter to the common aspirations of the people of both countries and are doomed to failure.

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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