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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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SBF says he's amassed a $10 billion fortune in just three years in crypto

FTX exchange CEO Sam Bankman-Fried is worth an estimated $10 billion according to a New York Magazineinterview.

Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, mostly via crypto assets over the past few years according to New York Magazine.

SBF, as he is known in crypto circles, spoke to the publication about his journey into the crypto industry since 2018. During the interview he estimated his own net worth at $10 billion, mostly in illiquid assets.

The former Wall Street quant trader got into crypto trading in 2018 after noticing significant arbitrage opportunities, and worked out a way to take advantage of the ‘Kimchi premium’ which was the difference in Bitcoin price between Korea and the rest of the world.

He ended up in Japan due to restrictions in Korea and moved up to $25 million per day through intermediaries and local banks at the height of the price discrepancy, the report says.

His crypto empire, under the umbrella of Alameda Research, currently turns over $2 billion per day meaning it has significant market power. SBF currently focuses on developing the FTX crypto derivatives exchange and DeFi project Serum based on the Solana blockchain.

In January the FTX Token (FTT) rallied over 100% as the exchange surpassed BitMEX and Deribit's open interest. It is currently just cooling off from an all-time high of $13.60.

SBF came to mainstream media attention last year after making a $5.2 million donation to Joe Biden’s political election campaign in November — the top contributor after billionaire Michael Bloomberg. The transaction he claims says was motivated by the Biden team’s “generic stability and decision-making process”. FTX, which recently created a Wall Street Bets index including GME, AMC, and DOGE, also offers prediction markets and over $100 million in bets were placed on the exchange on election night.

A self-confessed workaholic, SBF compares his own memory to computer RAM;

“One side advantage of the bean bags: if I sleep in the office, my mind stays in work mode, and I don't have to reload everything the next day.”
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