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Morgan Stanley: Price risk-reward ratio is expected to be more balanced in the third quarter of 2026, and the path to the restart of Qatar LNG will be clearer.June 24th Futures News: Shanghai Futures Exchange (SHFE) warehouse receipts and changes are as follows: 1. TSR20 rubber futures warehouse receipts: 23,384 tons, down 807 tons from the previous trading day; 2. Tin futures warehouse receipts: 8,051 tons, down 509 tons from the previous trading day; 3. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 4. Alumina futures warehouse receipts: 271,583 tons, up 2,692 tons from the previous trading day; 5. Aluminum futures warehouse receipts: 472,972 tons, down 4,262 tons from the previous trading day; 6. Nickel futures warehouse receipts: 95,026 tons, up 258 tons from the previous trading day; 7. Butadiene rubber futures warehouse receipts: 13,700 tons, down 180 tons from the previous trading day; 8. Zinc futures warehouse receipts: 119,677 tons, down 226 tons from the previous trading day; 9. Gold futures warehouse receipts totaled 111,642 kg, an increase of 9 kg from the previous trading day; 10. Rebar warehouse futures warehouse receipts totaled 25,797 tons, unchanged from the previous trading day; 11. Copper futures warehouse receipts totaled 74,943 tons, a decrease of 137 tons from the previous trading day; 12. Lead futures warehouse receipts totaled 62,656 tons, a decrease of 50 tons from the previous trading day; 13. Pulp warehouse futures warehouse receipts totaled 248,750 tons, an increase of 4,883 tons from the previous trading day; 14. Pulp mill warehouse futures warehouse receipts totaled 20,000 tons, unchanged from the previous trading day; 15. Silver futures warehouse receipts totaled 852,293 kg, a decrease of 1,663 kg from the previous trading day; 16. International copper futures warehouse receipts totaled 9,027 tons, a decrease of 199 tons from the previous trading day; 17. Hot-rolled coil futures warehouse receipts totaled 397,215 tons, a decrease of 4,156 tons from the previous trading day; 18. Fuel oil futures warehouse receipts totaled 26,160 tons, a decrease of 5,000 tons from the previous trading day; 19. Stainless steel warehouse futures warehouse receipts totaled 94,337 tons, a decrease of 59 tons from the previous trading day; 20. Natural rubber futures warehouse receipts totaled 151,420 tons, a decrease of 40 tons from the previous trading day; 21. Low-sulfur fuel oil warehouse futures warehouse receipts totaled 0 tons, unchanged from the previous trading day; 22. Petroleum asphalt plant warehouse futures warehouse receipts totaled 89,520 tons, a decrease of 500 tons from the previous trading day; 23. Petroleum asphalt warehouse futures warehouse receipts totaled 18,120 tons, unchanged from the previous trading day.Kazakhstans Ministry of Energy stated that the attack on Russias Orenburg gas plant did not affect the gas supply to domestic consumers.The onshore yuan closed at 6.8052 against the US dollar at 16:30 on June 24, down 187 points from the previous trading day.On June 24th, analysts at First Group Bank stated in a report that US long-term Treasury yields are likely to rise in the coming months due to uncertainty surrounding the inflation outlook. They noted that market concerns about the sustainability of inflation may intensify, and US inflation data could exceed expectations. "The extent to which the Federal Reserve will react to this remains to be seen," the analysts said. They believe that, combined with the US governments continued expansionary fiscal policy, the current environment suggests that long-term yields will rise. Meanwhile, short-term yields have already reflected a market expectation of more rate hikes than the groups analysts anticipated, and speculation about rate hikes will persist in the short term, suggesting that short-term yield volatility may remain high.

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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