EUR/USD 1.16527
0.005%
Gold 4601.15
0.145%
Oil 80.863
-0.699%
USD/JPY 159.355
0.038%
GBP/USD 1.35881
-0.060%
GBP/JPY 216.520
-0.031%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Al Jazeera, the Yemeni Navy says it has seized a Red Sea vessel carrying drone manufacturing equipment, which was headed for the Houthi rebels.Russian e-commerce platform Ozon: Its logistics facilities in Orenburg and Ufa were attacked by drones.August 27th - According to the latest MLCC industry research from TrendForce, South Korean giant Samsung Electro-Mechanics has recently taken the lead in raising prices for its OEM and ODM customers in the fourth quarter of 2026, signifying that the MLCC industry has officially entered an upward trend. TrendForce predicts that Samsung Electro-Mechanics will raise the average price of its consumer-grade X5R products by 25% to 30% for OEM and ODM customers, thereby curbing order placement and freeing up capacity to expand its high-end production lines. The price increase for its high-end X6S products used in AI servers will be negotiated with customers, with an average increase of 10% to 20%. Japanese giants Murata, Taiyo Yuden, and Kyocera are currently taking a wait-and-see approach, maintaining stable prices. Whether they follow suit with price adjustments will be key to observing whether the upward trend can expand.The Russian Ministry of Defense stated: "We conducted strikes against facilities within Ukraines military-industrial complex, oil extraction and refining plants, and logistics centers. Our strikes last night targeted Kyiv and several cities and ports along Ukraines Black Sea coast."On August 27th, Ajith Nair, Chief Investment Officer of Isio Investment Management, stated that the Jackson Hole symposium may not focus too much on immediate policy decisions, but rather on the long-term direction of monetary policy, central bank policy thinking, and its impact on investors. "While the market will naturally focus on interest rates, this years more noteworthy event is Warshs first appearance as Federal Reserve Chairman at Jackson Hole, and what his vision for the future of the Fed might reveal," Nair pointed out. He added that one of the most noteworthy changes under Warshs leadership is his apparent desire to reduce market reliance on Fed forecasts and policy path predictions, and this Jackson Hole symposium may further reinforce this approach.

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