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Turkish Energy Minister: We will begin oil exploration in the western Black Sea in the next few days.On September 9th, the Shanghai Futures Exchange (SHFE) reported the following changes in warehouse receipts for various commodities: 1. Stainless steel warehouse futures receipts: 72,020 tons, a decrease of 306 tons from the previous trading day; 2. Low-sulfur fuel oil warehouse futures receipts: 3,440 tons, a decrease of 2,050 tons from the previous trading day; 3. Medium-sulfur crude oil futures receipts: 2,961,000 barrels, unchanged from the previous trading day; 4. Rebar warehouse futures receipts: 78,146 tons, unchanged from the previous trading day; 5. Petroleum asphalt plant warehouse futures receipts: 17,490 tons, unchanged from the previous trading day; 6. Petroleum asphalt warehouse futures receipts: 2,730 tons, unchanged from the previous trading day; 7. Alumina futures receipts: 276,276 tons, an increase of 7,774 tons from the previous trading day; 8. International copper futures receipts: 7,447 tons, an increase of 26 tons from the previous trading day; 9. Gold futures warehouse receipts totaled 114,843 kg, a decrease of 15 kg from the previous trading day; 10. Hot-rolled coil futures warehouse receipts totaled 214,190 tons, a decrease of 295 tons from the previous trading day; 11. Copper futures warehouse receipts totaled 21,009 tons, a decrease of 403 tons from the previous trading day; 12. Lead futures warehouse receipts totaled 58,291 tons, an increase of 549 tons from the previous trading day; 13. Pulp warehouse futures warehouse receipts totaled 413,469 tons, an increase of 2,495 tons from the previous trading day; 14. Pulp mill warehouse futures warehouse receipts totaled 20,000 tons, unchanged from the previous trading day; 15. Butadiene rubber futures warehouse receipts totaled 24,660 tons, a decrease of 290 tons from the previous trading day; 16. TSR20 rubber futures warehouse receipts totaled 12,196 tons, unchanged from the previous trading day; 17. Aluminum futures warehouse receipts totaled 215,319 tons, a decrease of 1,858 tons from the previous trading day; 18. Fuel oil futures warehouse receipts totaled 1,000 tons, a decrease of 11,320 tons from the previous trading day; 19. Natural rubber futures warehouse receipts totaled 143,800 tons, unchanged from the previous trading day; 20. Zinc futures warehouse receipts totaled 92,382 tons, an increase of 785 tons from the previous trading day; 21. Silver futures warehouse receipts totaled 1,397,193 kg, a decrease of 7,716 kg from the previous trading day; 22. Nickel futures warehouse receipts totaled 98,651 tons, a decrease of 528 tons from the previous trading day; 23. Tin futures warehouse receipts totaled 5,598 tons, an increase of 270 tons from the previous trading day.The yield on German two-year government bonds reached 3.0138%, the highest level since June 2024, rising 3 basis points on the day.The onshore yuan closed at 6.7079 against the US dollar at 16:30 on September 9, up 29 points from the previous trading day.September 9th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 3:00 PM on Thursday, September 10th, 2026. Lu Lei, Vice Governor of the Peoples Bank of China; Cong Lin, Vice Director of the State Financial Regulatory Commission; Li Chao, Vice Chairman of the China Securities Regulatory Commission; and Li Bin, Spokesperson and Deputy Director of the State Administration of Foreign Exchange, will introduce the implementation of the 15th Five-Year Plan in the financial sector and the promotion of building a strong financial nation, and answer questions from reporters.

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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