ChainCatcher news, Premier League clubs have reached sponsorship agreements totaling nearly £130 million with crypto companies in 2024, marking a resurgence in the crypto market and a surge in sports partnerships.SportQuake data shows that crypto companies have invested nearly £130 million ($170 million) in sponsorship for the Premier League this season, a year-on-year increase of 30%. This figure may further increase as more deals are expected in the 2024/25 season.

According to ChainCatcher news and CoinGecko data, the sports projects that have received the most sponsorships in the crypto industry since 2021 are: football (33 sponsorships), motorsports (21 sponsorships), esports (16 sponsorships), basketball (8 sponsorships), fighting (3 sponsorships), baseball (2 sponsorships), American football (2 sponsorships), and cricket (2 sponsorships).

According to ChainCatcher news and data disclosed by CoinGecko, the most sponsored sports projects in the cryptocurrency industry since 2021 are:Football - 33 sponsorship dealsMotorsport - 21 sponsorship dealsEsports - 16 sponsorship dealsBasketball - 8 sponsorship dealsCombat sports - 3 sponsorship dealsBaseball - 2 sponsorship dealsAmerican football - 2 sponsorship dealsCricket - 2 sponsorship deals

ChainCatcher news, according to News.bitcoin, Barstool Sports founder Dave Portnoy stated that he is not very willing to buy Bitcoin at the current price, but he is open to accepting cryptocurrency as a payment method. He revealed that he accepted Bitcoin from the cryptocurrency exchange Kraken as part of a sponsorship deal, highlighting his trust in cryptocurrency.

ChainCatcher news, according to the Snapshot governance page, Aave Labs has initiated a temperature check proposal for "Aave Events and Sponsorship Funding 2024," requesting a grant of 650,000 GHO for activities for the remainder of 2024, with EthCC Brussels accounting for 45% and Devcon Bangkok accounting for 55%.

ChainCatcher news, according to TheBlock, cryptocurrency exchange Gemini has signed a five-year sponsorship agreement with Real Bedford Football Club, which will receive payments in Bitcoin. The club is co-owned by Peter McCormack, the host of the popular podcast What Bitcoin. Gemini stated on Monday that the deal will be prepaid in Bitcoin, aimed at supporting the club's success and providing more opportunities for local children.Real Bedford Football Club holds a Bitcoin treasury, and the five-year deal will be paid directly into this Bitcoin treasury. Gemini will assist the club in establishing a new training center and launching a youth football academy for underprivileged children in a town in Bedfordshire, England.

ChainCatcher news, Tether announced a grant of $100,000 to the BTCPay Server Foundation to support the development of free and open-source software (FOSS).It is reported that the BTCPay Server Foundation is dedicated to advancing financial privacy and freedom, and its open-source payment processing software allows thousands of merchants and businesses worldwide to customize and use it for free, accepting Bitcoin and Tether USD (USDt) payments (via the Liquid network).

ChainCatcher news, according to WisdomTree's updated Bitcoin spot ETF-1 filing, its ETF fee has been reduced from 0.5% to 0.3%, and it has added a clause stating "waiver of all sponsor fees for the first $1 billion in trust assets within the first 6 months."

ChainCatcher news, according to The Block, based on court documents presented in the criminal trial of former FTX CEO Sam Bankman-Fried, FTX entered into massive sponsorship deals with several major brands. Among them, "League of Legends" developer Riot Games agreed to receive nearly $100 million in sponsorship over seven years, while the Tomorrowland music festival is set to receive approximately $42 million in sponsorship before 2026. Additionally, the Coachella music festival, held annually in Southern California, signed a $25 million deal with FTX.It is reported that the details disclosed this time reveal a large number of sponsorship deals made by Sam Bankman-Fried during the cryptocurrency market bull run, some of which were halted after FTX announced its bankruptcy.

ChainCatcher news, according to the Snapshot page, Aave has initiated a new vote to allocate a budget of $550,000 in GHO for the remaining time of 2023 to support a series of activities and events. The vote will close on October 8, and if the Snapshot is successful, it will be transferred to AIP.

ChainCatcher news, Bitget officially announced the launch of the Champions League Journey sponsorship event, inviting fans to join a trip to Istanbul, Turkey to attend the Champions League Journey, watch the Champions League final live, and cover all expenses for the trip.It is reported that the registration period for this Champions League Journey event is from May 6, 15:00 (UTC+8) to May 15, 24:00 (UTC+8). On May 16 at 20:00 (UTC+8), Bitget will live stream the draw for the winning fans of this Champions League Journey on its official YouTube platform. (source link)

ChainCatcher news, famous singer Taylor Swift previously withdrew from a $100 million endorsement deal with FTX. Lawyers suing other celebrities promoting FTX stated that she was the only one who inquired about unregistered securities.It is reported that a recently filed court motion shows that the celebrities involved in the class action lawsuit related to promoting FTX are requesting the court to dismiss the case. These celebrities include comedian and director Larry David, NFL star Tom Brady, Gisele Bundchen, NBA star Stephen Curry, Udonis Haslem, Trevor Lawrence, Kevin O'Leary, baseball star Shohei Ohtani, David Ortiz, tennis star Naomi Osaka, and the NBA's Golden State Warriors.ChainCatcher previously reported that according to the Financial Times, FTX had negotiated a $100 million endorsement deal with Taylor Swift's team, and the related negotiations were expected to conclude in the spring of 2023. It was reported that FTX signed with Taylor Swift because SBF was a loyal fan of hers. However, according to a source, "Taylor Swift did not and has not agreed to endorse, and the reports may involve a potential tour sponsorship, and this did not actually happen." (source link)

ChainCatcher news, the parent company of Moonbirds, Proof, has canceled the event originally scheduled for May. In a statement, the company said: "After weeks of sales data, conversations with potential sponsors, and discussions with community members, it is clear that the current interest in such events is far below expectations." Ticket buyers will receive refunds, and traders can keep the receipts for the canceled event's NFTs. Proof has promised that hotels booked with their discount will provide full refunds to users, and tickets that incur cancellation fees can be submitted to Proof for a refund.Additionally, Proof founder Kevin Rose revealed that a comprehensive update regarding Proof and the NFT series Moonbirds is planned to be released on March 2. However, some members of the Moonbirds community lack confidence in the team's plans and commitments. In response to this news, some NFT traders have indicated they will sell their held Moonbird NFTs. (Decrypt)

ChainCatcher news, American game developer and publisher Riot Games has filed a motion with the court overseeing the FTX bankruptcy case to terminate the two companies' 7-year "League of Legends" sponsorship agreement, which was signed in August 2021.Riot Games stated that FTX was required to pay $12.5 million for displaying its brand in the LCS events, but there is still $6.25 million outstanding. Additionally, FTX is expected to owe nearly $13 million in sponsorship fees in 2023. (source link)

ChainCatcher news, Bloomberg reported that, according to informed sources, earlier this year, FTX had negotiations with Manchester United and Liverpool for a $100 million sponsorship deal, highlighting FTX's ambition to expand its global business and its willingness to invest heavily for this purpose.Previous reports indicated that federal prosecutors in Manhattan have begun investigating the collapse of FTX, including its unexplained $8 billion funding gap. The U.S. Department of Justice's bankruptcy oversight agency has called for an independent investigation, and SBF is facing a class action lawsuit and an SEC regulatory investigation. (Source link)

ChainCatcher news, according to a report by the Financial Times citing informed sources, FTX had negotiated a $100 million sponsorship deal with Taylor Swift, but the talks ended unsuccessfully months before FTX's bankruptcy. Informed sources indicated that the agreement included ticketing and NFT rights. An FTX employee stated that Sam Bankman-Fried (SBF) supported the sponsorship because he is a fan of Taylor Swift, but faced opposition from some executives. (source link)

ChainCatcher news, BNB Chain announced the recipients of the BNB Chain Builder Grant for November, including the no-code, dynamic NFT tool development project Owl Protocol and the Web3 data infrastructure company BlockVision.It is reported that BNB Chain invests $500,000 monthly through this grant program to regularly support potential projects, accepting applications from the 1st to the 7th of each month. (source link)