Editor’s note: This story was updated at 1:10 p.m. EST on Tuesday with comment from FTX.
קריפּטאָקוררענסי וועקסל FTX withdrew from talks to sponsor a jersey patch with the MLB’s Los Angeles Angels, according to a ניו יארק פאסט report citing sources with direct knowledge of the negotiations.
A similar patch deal between the NBA’s Washington Wizards and another unnamed crypto firm fell through in recent days as well, with the latest market crash being the main reason, the sources said. But any potential deal with the Wizards is attractive for crypto companies, since politicians and regulators who oversee the industry attend their home games.
אין אַ דערקלערונג צו דעקריפּט, FTX confirmed that talks with the Angels happened, but took issue with the ניו יארק פאסט‘s characterization.
א ספּאָוקספּערסאַן דערציילט דעקריפּט: “Contrary to recent reports, this opportunity with the Angels was discussed months ago and we declined early on, as it wasn’t the right fit for our marketing goals. This is one of many similar opportunities from teams that we’ve declined early on in the process and this decision was not made as a result of the recent market downturn.”
FTX, which first entered the sports industry in April last year with a 19-year $135 million deal with the NBA’s Miami Heat to rename the team’s home venue to FTX Arena, געחתמעט a sponsorship deal with the Wizards—as well as with the NHL’s Washington Capitals—in December.
Last year, the crypto derivatives exchange also partnered with Warriors star סטעפאנוסן קערי, an avid NFT קאַלעקטער and creator himself.
Some of FTX’s other sport partnerships include a five-year deal with the MLB, a $20 million ad campaign starring Tampa Bay Buccaneers quarterback Tom Brady and his supermodel wife Gisele Bündchen last October, and a יבער באָוול געשעפט featuring “Curb Your Enthusiasm” star Larry David.
נאַוויגאַציע די בער מאַרק
Last week’s massive crypto sell-off saw the price of Bitcoin briefly drop ונטער $ 18,000, while the combined market cap of all digital assets tanked אונטער די $1 טריליאַן מארק.
The leading cryptocurrency has been on an upward trend since Sunday though, and is currently trading at just over $21,000, up 1% over the past 24 hours.
While some crypto companies, such as קאָינבאַסע, Gemini, and Crypto.com, announced emergency שטעקן לייאָפס to navigate through the bear market, others, including FTX, קראַקען, און Binance, said they had no plans to stop new hirings.
Still, it appears that cutting costs through different means may be a necessary move for many in the industry.
ווילן צו זיין אַ קריפּטאָ מומחה? באַקומען די בעסטער פון דעקריפּט גלייך צו דיין ינבאָקס.
באַקומען די ביגאַסט קריפּטאָ נייַעס סטאָריעס + וואכנשריפט ראַונדאַפּס און מער!
Source: https://decrypt.co/103412/ftx-pulls-out-of-los-angeles-angels-mlb-deal-as-crypto-winter-bites-report