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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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SEC could approve Bitcoin futures ETF in October, analysts predict

“A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” Bloomberg ETF analysts said.

The United States Securities and Exchange Commission (SEC) is likely to approve a Bitcoin (BTC) futures exchange-traded product (ETF) by the end of October, according to Bloomberg ETF experts.

Bloomberg ETF analysts, Eric Balchunas and James Seyffart, issued an investor note on Tuesday suggesting that last week’s abrupt withdrawals of Ether (ETH) futures ETF proposals by VanEck and ProShares could trigger SEC approval of a Bitcoin ETF. 

“VanEck and ProShares’ rapid withdrawal of proposals for Ethereum futures ETFs is a good sign for a potential Bitcoin futures ETF, given the SEC has allowed those filing to remain active. A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” the analysts said.

Balchunas noted that ProShares’ Bitcoin futures ETF is among the proposals to be most likely approved by the U.S. securities regulator. “We think Ether withdrawal shows SEC has nose in this right now and is in reg contact with issuers which should mean any kinks ironed out so that they can launch 75 days after filing,” he added.

Related: Europe prepares for first Bitcoin futures launch amid US ETF stalemate

The latest Bitcoin futures ETF forecast comes shortly after asset managers VanEck and ProShares suddenly withdrew their applications for Ether ETFs just two days after filing paperwork with the SEC. However, a number of Bitcoin futures ETFs applications have still remained active, with asset managers like Valkyrie, ProShares, Invesco and VanEck submitting Bitcoin futures ETF filings earlier this year.

As previously reported by Cointelegraph, SEC Chairman Gary Gensler recently suggested that the regulator might be open to approving Bitcoin futures ETFs under the Investment Company Act of 1940. 

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