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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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DeFi focused: Grayscale exploring 13 more crypto assets for its trusts

Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, again exhibiting significant interest in DeFi.

Institutional asset manager Grayscale has announced 13 more crypto assets are currently under consideration for its suite of crypto investment trust products.

Revealed on June 18, the prospective assets mainly represent the decentralized finance (DeFi) sector, including 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x.

The native tokens of high-speed scalable blockchain networks Solana, Near, and Dfinity have also been added to Grayscale’s list of considered cryptocurrencies.

The new additions bring the total number of assets being explored by Grayscale to 31. Grayscale currently offers products tracking the performance of 13 different assets. 

Grayscale emphasizes that “not every asset under consideration will be turned into one of [its] investment products,” and that certainly appears to have been the case for previously announced assets under consideration such as Cardano, Eos, and Tezos.

Grayscale did introduce five new trusts on March 17, launching products for Basic Attention Token, Chainlink, Decentraland, Filecoin, and Livepeer. These five trusts currently represent just 0.1% of Grayscale’s $34.4 billion in assets under management (AUM).

According to CoinShares, Grayscale’s trusts represent 75% of a total of $44.3 billion worth of assets managed in institutional crypto investment products.

The Grayscale Bitcoin Trust represents 73% of Grayscale’s total AUM (and more than 56% of the combined assets managed in crypto investment products broadly.)

Related: Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking

The firm’s Ethereum Trust has also seen growth this year, representing nearly 22% of managed capital. All other trusts managed by Grayscale represent roughly 5% of the company’s AUM combined.

More than $2.3 billion has been invested in Grayscale’s trusts since the start of 2021.

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