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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 partners with Alerian to launch eight crypto indexes

Galaxy Digital and Alerian announced the launch of eight passive crypto indexes that are rebalanced monthly and weighted equally.

Galaxy Digital Holdings has teamed up with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes.

According to an Aug. 24 announcement, the duo have launched two crypto index families named “Alerian Galaxy Global Blockchain Indexes” and the “Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes,” which the eight offerings are listed under.

The passive indexes offer exposure to “public companies and select investment vehicles” that are actively engaged in the crypto and blockchain sectors, such as crypto miners, companies that hold crypto on their balance sheets, infrastructure tech developers and blockchain researchers. The indexes are rebalanced monthly and equally weighted.

"Our goal is to continue to empower investors with seamless, institutional, and innovative access points to the emerging digital assets ecosystem," said Steve Kurz, Partner and Head of Asset Management at Galaxy Digital.

Among the eight new products is the Alerian Galaxy Global Cryptocurrency-Focused Blockchain CRYPTE Index, which tracks crypto firms such as Square Inc, Coinbase, Voyager Digital, Argo Blockchain and Marathon Digital holdings to name a few.

While the Alerian Galaxy Global Blockchain Index (BCHAIN) tracks Microsoft, Grayscale’s Bitcoin and Ethereum Trusts, Facebook and Mastercard. Other Indexes included are BLKCHN, CRYPTP and BLKCNP.

Earlier this month Galaxy expanded its offerings via a partnership with Bloomberg to launch a DeFi index that tracks projects such as Uniswap (UNI), Aave (AAVE) and Compound (COMP).

Galaxy initially partnered with Bloomberg back in 2018 to release a crypto benchmark index that tracks 10 of the top cryptocurrencies in terms of liquidity.

Related: Bloomberg strategist explains why 30-year US bonds have 'bullish implications' for Bitcoin

Cointelegraph reported on Aug. 18 that Galaxy posted a Q2 loss of $175.8 million. Speaking in a conference call regarding the results, the firm’s founder and CEO Mike Novogratz was unfazed by the results. He cited factors such as increased counterparty trading volume and strategic blue-chip partnerships as reasons to remain bullish and said the goal was adoption.

“We view the adoption battle as a hard one, stickier, and more financially impactful over time than short-term price moves,” he said.

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