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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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Grayscale's diversified crypto fund files to become SEC reporting company

Grayscale Investments has filed to make its $630 million diversified large-cap crypto fund an SEC reporting company.

Grayscale has filed its third Form 10 with the United States Securities and Exchange Commission to convert one of its investment funds into an SEC-reporting company.

Tweeting on Thursday, Grayscale announced that the company's Digital Large Cap Fund, or GDLC, has filed the application with the SEC.

If approved, the GDLC will be obliged to file quarterly and annual financial reports in addition to other mandated documents stated in the Exchange Act. The move is also the first step in making the GDLC into a publicly-traded asset since an approval form the SEC would mean registration of the shares of the fund with the commission.

Launched back in 2019, GDLC has grown almost 300% and currently holds about $630.1 million in assets under management, according to data from the company's website. GDLC is comprised of five cryptocurrencies namely: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Chainlink (LINK).

Back in January, Grayscale liquidated XRP from the market-cap weighted GDLC fund amid SEC's lawsuit against Ripple.

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