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The U.S. Federal Aviation Administration will cut flights at major U.S. airports to reduce delays.On April 18th, a reporter from NewsNation asked Trump about his previous claim that almost all agreements had been reached with Iran, while Irans version differed. Trump replied that he was "just telling the truth." He stated, "They have to say something different because they also have to cater to other people." "I really didnt mean anything else, Im just doing what I think is right, Im just telling the truth." Trump added, "I think were in a very good position right now, and most importantly, Iran wont have nuclear weapons. You absolutely cannot let Iran have nuclear weapons, that comes above everything else."On April 18, French President Emmanuel Macron and British Prime Minister Keir Starmer hosted an international conference in Paris, France, on April 17, focusing on ending the current Middle East conflict through diplomatic means, reopening the Strait of Hormuz, and providing security guarantees for shipping through the strait once the situation stabilizes. Macron and Starmer stated that France and the UK will lead a defensive multinational operation to ensure the safety of shipping in the Strait of Hormuz when conditions permit, and preparatory meetings will be held in London next week. Italian Prime Minister Meloni said it is necessary to ensure the Strait of Hormuz is free of mines, and Italy is willing to provide naval support on a fully defensive basis. German Chancellor Merz stated that Germany will participate in planning discussions and welcomes the participation of the United States if possible.On April 18, Ding Xuexiang, Special Representative of President Xi Jinping, Member of the Standing Committee of the Political Bureau of the CPC Central Committee, and Vice Premier of the State Council, attended the groundbreaking ceremony for the fourth phase of the Renaissance Gas Field project in Turkmenistan from April 15 to 17. Ding emphasized that natural gas cooperation is the cornerstone of China-Turkmenistan relations, bringing tangible benefits to the people of both countries. Both sides should pay greater attention to proceeding from a strategic perspective and long-term interests, adhere to working together, accelerate the implementation of major projects, seize the opportunity of the cooperation window, expand the scale and scope of natural gas cooperation, and improve the quality and efficiency of energy cooperation. At the same time, they should further enhance cooperation in non-resource areas such as connectivity, trade and investment, agriculture, and the digital economy, cultivating new growth points. They should jointly promote China-Central Asia cooperation and work together with regional countries to seek common development and prosperity.On April 18th, Faraday Future (FF) announced on its official Weibo account that it has secured $45 million in new funding from a US institutional investor, marking the companys lowest-cost financing deal in recent years. As of April 12th, FF has shipped a total of 34 robots, with a target of over 1,000 units shipped by 2026. Furthermore, FF plans to hold its annual shareholder meeting on May 22nd to review a series of proposals aimed at supporting the companys global EAI (Expert Assistance) strategy and long-term growth.

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.