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According to the Wall Street Journal: U.S. officials revealed that Iran launched an attack on a U.S. Navy ship on Monday, but the U.S. military has not publicly confirmed it. This comes after Iran launched ballistic missiles at a U.S. aircraft carrier and a guided-missile destroyer over the weekend. U.S. officials stated that the attack did not damage the U.S. ships, but Irans recent attempts to strike U.S. naval assets have raised concerns in the U.S. about its potential use of more advanced weaponry.Turkish Foreign Ministry: Türkiye strongly condemns the Houthi attacks on Saudi Arabia.On September 9th, Meta Platforms (META.O) launched Muse, a personal AI agent application that allows users to delegate digital tasks such as making appointments, filling out forms, and monitoring home cameras to an AI assistant. Alexander Wang, head of Meta AI, stated that Muse is powered by Metas Muse Spark series of underlying models and offers a free version as well as subscription services at $20 and $100 per month. He explained that Muse runs in an isolated environment within Metas computing infrastructure, does not read users actual passwords or payment information, and requests confirmation before performing sensitive operations. Users can choose whether to allow Meta to use their interactions with Muse to train AI models; if allowed, Meta will remove critical personally identifiable information before using it for model improvement. This product launch comes as Meta faces pressure regarding AI security, privacy, and ROI. Meta CEO Mark Zuckerberg previously stated that personal AI agents will be a key driver of the companys future product and revenue growth. Meta also stated that it is exploring business models related to AI agent-based shopping transactions.On September 9th, according to Tasnim News Agency, a small Iranian oil tanker was attacked by a US missile approximately 4 nautical miles from Khark Island. Local reports indicate the tanker was hit by a US projectile while anchored near Khark Island. The report states that there were no casualties, and the tankers crew is being evacuated. Authorities are currently investigating the extent of the damage and the specific circumstances of the incident; further information will be released as it becomes available.According to Israeli journalist i24, The Jerusalem Post has learned that the United States is currently attacking Iranian oil tankers.

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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