Iberia to launch NFTs to celebrate its new route to Washington

Iberia will launch an NFT collection to celebrate its new route to Washington. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.

NFT and DeFi Markets

📍‌Spanish airline Iberia is launching an NFT collection to celebrate its new route to Washington. In a release This Tuesday, Iberia announced that NFTs are taking off alongside its inaugural Iberia flight to Washington, on June 1. The Spanish airline will offer 20 unique, retro-style NFTs to its customers business. 

NFTs are part of Iberia's renewal strategy to offer a new experience to its users, it reported. Each of these digital assets evoke the first retro-style boarding passes, referencing the four most emblematic monuments of Washington: the White House, the Capitol, the Obelisk and the Lincoln Memorial. 

Cryptocurrencies and stablecoins

📍‌Waves, Kava and Cardano are the three big winners in the crypto market this Wednesday, with an increase of up to 15%. Cryptocurrencies Waves (WAVES), Kava (KAVA) and Cardano (ADA) have gained between 12% and 15% in the past 24 hours, ranking among the top 5 gainers in the crypto market on Wednesday. 

According to data provided by cryptocurrency price monitoring platform CoinMarketCap, WAVES rose to $8,53 per unit, showing a daily increase of 15,7% and a weekly increase of 52,7%. In the case of KAVA and ADA, which rank as the third and fourth biggest gainers in the cryptocurrency market, they are trading at $2,98 and $0,63 per unit, with an increase of 11,06% and 9,81%, respectively. 

KAVA’s weekly gain of 7,4% is being driven by the partnership with DeFi protocol SushiSwap. In mid-April, Kava launched the Ethereum Co-Chain to support smart contracts compatible with the Ethereum Virtual Machine (EVM) and move towards interoperability with the crypto industry’s main smart contract chain. Meanwhile, on Cardano, with a weekly increase of almost 20%, analysts point to the proximity of the Vasil upgrade as the main driver of its current price. 

Decentralized finance (DeFi) ecosystems Waves and Cardano also grew by 19% and 21%, respectively, in the past 24 hours, according to data from DeFi platform Llama. 

CBDC and Central Banks

📍‌The Reserve Bank of India chooses a phased approach to launch its CBDC. India will move ahead with the creation of a digital rupee, although it is planning a gradual and phased launch, the bank said in its annual report. 

As he explained, a proof of concept is currently being developed that will help the monetary authority determine the viability of a digital rupee. In the remainder of the year and 2023, the bank will continue with the pilot testing phase and, subsequently, the launch of the CBDC currency, which has been marked as one of the main priorities of the central bank. 

Miners and Node Validators

📍‌Ethereum gas fee falls to 12-month low. According to data from the Bit InfoCharts platform, the gas fee on the Ethereum network is close to $5, which represents a drop of almost 98% from its all-time peak of $196 seen in early May. 

Meanwhile, data from block explorer Etherscan shows that simple USDT transactions on Ethereum are hovering around $5,17 and $5,27 at the time of writing, while transactions on DeFi protocols like Uniswap and NFT transactions on marketplaces like Opensea range between $17 and $19,7, respectively. 

Rules and Regulations

📍‌The Basel Committee is moving forward with the creation of restrictive rules that can minimize banking involvement in cryptocurrencies. The international organization that brings together financial and banking authorities from around the world, the Basel Committee, reported on its progress in creating a prudential treatment for cryptoassets by banks. The purpose of this treatment, according to the organization, is to build a minimum global prudential regulatory framework that helps mitigate the risks to which banks are exposed when operating with this type of digital assets. 

According to the report, the progress is in the development of the second consultation document related to the prudential treatment of banks' exposure to cryptocurrencies. This second consultation document will be published shortly, while the Basel Committee plans to launch a third consultation document this month, in order to finalize its set of prudential and conservative guidelines towards cryptoassets before the end of the year.

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