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Nike's NFT Sneaker Hunt in Fortnite, Binance and SEC Agreement, BlackRock's Bitcoin ETF, and More: This Week in Crypto
Here are the top news in the crypto and blockchain world this week:
1. Nike's 'Airphoria' NFT Sneaker Hunt Lands in Fortnite
Nike is entering the gaming and NFT communities with an innovative approach. The sportswear giant is set to release NFTs within the popular online game Fortnite. Nike's "ultimate Sneakerhunt" is due to commence on June 20, and with Fortnite's massive player base, this represents a significant step towards mainstream adoption of Web3 technologies. Find out more here.
2. US Court Approves SEC-Binance.US Agreement
A US district court has approved an agreement between Binance.US, Binance, and the U.S. Securities and Exchange Commission (SEC), dismissing a previous order to freeze all Binance.US assets. Under the agreement, only Binance.US employees will have access to client funds until litigation is resolved. Read more here.
3. BlackRock's Potential Spot Bitcoin ETF Approval
Asset management giant BlackRock may have found a way to gain SEC approval for its Bitcoin ETF. Their application includes a surveillance-sharing agreement between exchanges, potentially eliminating the risk of market manipulation related to Bitcoin. Find out more here.
4. Central Banks Test Over 30 CBDC Use Cases
Central banks have successfully tested a range of Central Bank Digital Currency (CBDC) payment scenarios, including offline payments. An experiment by the Bank for International Settlements and the Bank of England developed 33 API functionalities to facilitate such tests. Dive into the details here.
5. Bank of China's BOCI Issues Tokenized Securities on Ethereum
The Bank of China's investment banking arm, BOCI, issued tokenized securities on Ethereum in Hong Kong, marking the first such transaction by a Chinese financial institution in the region. BOCI offered structured notes worth CNH 200 million ($28 million) underwritten by Swiss banking giant UBS. Read more about it here.
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