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Major tokens rebounded Thursday against the backdrop of Evergrande finding a potential solution to its woes. The Cardano (ADA/USD) Summit 2021 is due to take place on September 25-26. Rounding out the top five is news in the NFT industry. Tokenized sport collectables projects raised almost $1 billion in funding in the space of a week. Finally, a Bitcoin ETF may be in the US’ near future.
Polkadot and Solana lead the pack
Solana (SOL/USD) and Polkadot (DOT/USD) are the biggest movers in the top 10 today, both up 17%, although the cryptocurrency market is still down for the week in general. China Evergrande Group, the second biggest property developer in the world, has resolved one coupon payment due today, a Shenzhen-traded 5.8% bond maturing in four years. While the markets responded positively, another $83.5 million bond payment is due from the company today. There is also a $475.5 million payment due in March 2024.
Cardano Summit to explore virtual worlds
The summit will combine a typical conference with exploration of virtual worlds. Expectations are running high, which isn’t a surprise given the innovative event approach. Cardano has promised “mind-blowing” announcements during the conference and reminds its community not to miss it.
First Bitcoin ETF approved in October?
We’ve held our breath as the United States Securities and Exchange Commission (SEC) ponders approval of a Bitcoin (BTC/USD) ETF. However, the first one in the country might be endorsed as early as the end of October according to Bloomberg’s Mike McGlone.
Tokenized sports collectables having a heyday
These projects raised almost $1 billion in funding in just a week. French-based Sorare, an NFT soccer trading card game developer, raised $680 million in Series B funding led by Softbank, the Japanese fintech giant. Dapper Labs, who are behind the NBA TopShot basketball collectibles and the Flow blockchain, obtained funding of $250 million, raising their valuation to $4.3 billion. This comes to a total of $930 million for the two companies. This speaks volumes for the attraction of the sports token sector at a time of criticism toward the wider nonfungible market over dropping floor prices and sales volume.