Crypto NFT Today: August Week 4
Welcome to another edition of Crypto NFT Today! The past two weeks have been full of must-know events that’ll be defining points for the future of blockchain, cryptocurrency, and NFTs.
With Oasys partnering with SBI Holdings, new inflows for ETFs despite recent outflows, and more, there’s lots of essential news you should know about. So, let’s dive in and see what’s happening!
Oasys Partners With SBI Holdings
Oasys, a blockchain platform that provides both Layer 1 and Ethereum-based Layer 2 networks for game developers, has announced a strategic partnership with SBI Holdings, Inc., a major Japanese financial conglomerate.
In a press release dated August 29, Oasys stated that this collaboration is intended to accelerate the growth of the Oasys ecosystem and bolster the success of several blockchain games scheduled for release in 2024.
Net Inflow for ETFs After Outflows
Ethereum spot exchange-traded funds (ETFs) have experienced a net inflow of $5.8 million, breaking a streak of nine consecutive days of net outflows.
BlackRock’s ETHA ETF led the way, attracting the largest inflow of $8.4 million, according to data from SoSoValue. Fidelity’s FETH ETF also contributed to the overall positive trend with an inflow of $1.3 million.
Bitcoin Approches $60,000
Bitcoin’s price edged slightly higher on Thursday, stabilizing after significant declines over the past two sessions as traders awaited upcoming economic data to gauge the next move in the crypto market.
The world’s largest cryptocurrency saw sharp drops on Tuesday and Wednesday, triggered by the movement of nearly $2 billion worth of tokens between wallets of a major crypto exchange, which unsettled traders and raised concerns about the potential for another large-scale sell-off.
Nasdaq Pursues SEC Approval
Nasdaq announced on Tuesday that it is seeking regulatory approval to launch and trade options on a bitcoin index.
The U.S. Securities and Exchange Commission has not yet approved options based on any individual exchange-traded funds (ETFs) tied to spot bitcoin prices, including Nasdaq’s application to trade options on BlackRock’s $21.3 billion iShares Bitcoin Trust ETF, which debuted in January.
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