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On January 26, it was learned from a press conference held by the National Health Commission that in recent years, my country has actively promoted the use of traditional Chinese medicine (TCM) to improve the overall health of the population, carried out TCM health promotion actions, and provided TCM health services to key groups such as adolescents, women, and the elderly. Data from the press conference showed that my country has strengthened the construction of pediatric departments in TCM hospitals, achieving full coverage of pediatric departments in all tertiary public TCM hospitals nationwide, and conducting pilot projects for TCM intervention in myopia, obesity, and scoliosis in children and adolescents; promoted the establishment of prenatal and postnatal care clinics in secondary and above TCM hospitals; strengthened the construction of geriatric departments in TCM hospitals, and piloted 128 TCM health centers for the elderly in various provinces to improve the level of TCM health services for the elderly in different regions.On January 26, Wang Ya, head of the Department of Foreign Investment Administration of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that in 2026, the regional layout of free trade zones will be steadily optimized and adjusted to provide broader space and richer platforms for pilot projects. The Ministry will further align with high-standard international trade and economic rules, conduct broader, deeper, and more robust institutional opening-up experiments, support free trade zones in carrying out integrated innovation across the entire industrial chain in key emerging industries, accelerate the comprehensive pilot demonstration work for expanding the opening-up of the service sector, implement the high-quality development work plan for national-level economic and technological development zones, and continuously release the dividends of institutional innovation.On January 26, Yang Mu, Director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that in 2026, efforts will be accelerated to cultivate and build international consumption center cities, promote the construction of an international consumption environment and pilot projects for new consumption formats, models, and scenarios, and create a number of new consumption scenarios with broad impact and high visibility, so that domestic and foreign consumers can enjoy a better life.On January 26, Wang Zhihua, Director-General of the Department of Foreign Trade of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that China will unswervingly promote high-level opening-up this year and drive innovative and balanced development of trade. China is not only willing to be the worlds factory, but also the worlds market; its massive market will provide broader opportunities for products and services from all countries.According to RIA Novosti, the Kremlin positively assessed that constructive dialogue on the Ukraine issue has begun.

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.