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On July 14th, the National Health Commission, the State Administration of Traditional Chinese Medicine, and the National Bureau of Disease Control and Prevention issued a notice requiring all regions to further improve the centralized procurement of medical equipment by public medical and health institutions. All public medical and health institutions nationwide must implement centralized procurement for medical equipment listed in the national, provincial, and municipal centralized procurement catalogs. The National Health Commission and provincial health administrative departments will each formulate their own centralized procurement catalogs for medical equipment, and organize implementation after filing with the corresponding finance departments as required. The notice emphasizes adhering to the principle of "high quality, high price," establishing a full life-cycle cost management concept for equipment, fully considering both one-time procurement costs such as quality and price, and long-term costs such as consumables, reagents, and after-sales maintenance services. It calls for scientifically setting evaluation standards, rationally selecting evaluation methods, strengthening the review of abnormally low prices, preventing "involutionary" competition, and promoting the transformation of centralized procurement from a single goal of saving funds to a comprehensive performance goal of high quality, high price, and high quality.Abu Dhabi National Oil Company (ADNOC) confirmed that the oil tankers "Al Bahyah" and "Mombasa B" were attacked in the Strait of Hormuz.On July 14, the South Korean government announced a three-day seminar on real estate policy, focusing on supply, finance, and tax policies. Topics announced by the government included: the appropriate level for real estate holding taxes, and how to set price thresholds for regulating ultra-high-priced residential properties.The yield on German two-year government bonds rose to 2.7854%, a new high since July 2024, up 6.5 basis points on the day.The China Earthquake Networks Center officially reported that a magnitude 3.2 earthquake occurred at 14:24 on July 14 in Gerze County, Ngari Prefecture, Tibet (34.35°N, 83.36°E), with a focal depth of 10 kilometers.

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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