Market Analysis Report (28 Apr 2021)

Binance, the largest crypto exchange, has announced its plans to launch a non-fungible token (NFT) marketplace in June. The marketplace will run mainly on the Binance Smart Chain (BSC) but it will also support the Ethereum network. 

Japanese video game maker Nexon is the latest publicly listed company to buy bitcoin with its cash reserves. On Wednesday the firm announced it had purchased 1,717 bitcoin at a total cost of $100 million, paying an average price of $58,226 per bitcoin. The investment represents an allocation of under 2% of Nexon’s cash reserves.

Crypto exchange and custodian Gemini has partnered with Mastercard to launch a crypto rewards credit card which it expects to roll out to the entire US in summer. The credit card will offer 3% cashback in bitcoin and other cryptocurrencies. Gemini has said the card will be available wherever Mastercard is accepted.

Ethereum reached an all-time high of $2,708 on Wednesday, Reuters attributed the bullish market to the news that the European Investment Bank is issuing a $100 million digital bond on Ethereum. The sale will be led by Goldman Sachs, Banco Santander and Societe Generale.

Top stories in the Crypto Roundup today:

• Binance to Launch NFT Marketplace in June
• Japanese Video Game Maker Buys $100 million of Bitcoin
• Gemini Partners with Mastercard to Launch its Crypto Rewards Credit Card
• European Investment Bank Issues $100 Million Digital Bond on Ethereum

Source: https://www.cryptocompare.com/email-updates/daily/2021/apr/28/