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On August 21, it was reported that Nvidia CEO Jensen Huang met with Sunghyun Park, co-founder and CEO of South Korean AI chip startup Rebellions, at the companys California headquarters this week to discuss potential technology collaborations, investments, and even acquisitions. Sources familiar with the matter said the discussions are still in the early stages and a deal may not be reached. Rebellions has raised nearly $850 million from investors including SK Hynix, Samsung Ventures, and Arm, with a recent valuation of approximately $2.3 billion.Belarusian President Lukashenko: Myanmar is an important and promising partner for Belarus in Southeast Asia.On August 21st, GranFire Intelligent Technology Co., Ltd. released its first high-performance SoC (System-on-a-Chip) based on an ARM architecture CPU and a self-developed GPU – the GF800. This chip further transforms the companys long-term accumulated technical capabilities in graphics rendering, parallel computing, and AI acceleration into platform and product capabilities, providing a highly integrated, highly scalable, and independently controllable system-level computing platform for edge products, edge computing, and intelligent industry applications.On August 21, Iranian Parliament Speaker Mohammad Ghalibaf, who is currently visiting Iraq, stated at an event in Karbala that just as Iran and Iraq "thwarted the United States and made it taste the bitter fruit of defeat" in the US-Israel conflict, both countries will continue to resist "hegemonic forces." He added, "The enemy should understand that any attempt to create division will only further strengthen the relationship between Iran and Iraq." Ghalibaf stated that Iran must develop a plan to overcome "unjust sanctions." He also declared, "Iran and Iraq will stand shoulder to shoulder and will never allow other countries to decide their fate."On August 21, 2026, Yue Xiuhu, member of the Party Leadership Group and Vice Chairman of the National Development and Reform Commission (NDRC), chaired a meeting to advance the construction of major national and regional key projects. Representatives from six provinces (autonomous regions and municipalities), including Tianjin, Inner Mongolia, Jiangsu, Zhejiang, Henan, and Guangdong, delivered speeches. The meeting focused on reporting the progress of major national and regional key projects, outlining key tasks for the next stage, and urging all localities to strengthen supervision and implementation, and to accelerate the construction of major projects in a practical and effective manner. Officials from the Investment Department of the NDRC attended the meeting.

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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