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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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Galaxy Digital submits Bitcoin ETF application with SEC

Mike Novogratz’s Galaxy Digital is the latest Bitcoin exchange-traded fund applicant in the United States.

Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fu filing with the United States Securities and Exchange Commission.

According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism.

Detailing the price mechanism for the prospective Bitcoin ETF, the filing reads:

“The end-of-day Index price is calculated using the Bloomberg Crypto Price Fixings (‘CFIX’) mid-price for bitcoin. CFIX is based on pricing provided by the Bloomberg Generic Price (‘BGN’) using Bloomberg’s data, technology and distribution platforms, and is made broadly available to the investment community with the objective of providing cryptocurrency fixings that are reliable, representative, and transparent.”

As previously reported by Cointelegraph, Galaxy Digital, via its financial services subsidiary, launched a Bitcoin ETF product in the Canadian market back in March.

Galaxy’s Bitcoin ETF filing did not list any custodian or administrator. The filing document also did not provide details of the trustee beyond the organization being a “Delaware trust company.”

The Bitcoin ETF filing by Galaxy Digital comes on the heels of a similar application by Fidelity back in March.

The SEC is yet to approve any Bitcoin ETF, with the previous leadership citing volatility and price manipulation concerns.

Meanwhile, the SEC has less than two weeks to deliver its initial response to VanEck’s Bitcoin ETF filing following the commission’s acknowledgment of the submission back in mid-March.

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