Ondo Finance's native token $ONDO jumped over 15% to around $0.466 following China's Securities Regulatory Commission crackdown on illegal cross-border brokerage activities by firms like Tiger Brokers and Futu. This regulatory move has shifted investor interest towards tokenized real-world assets (RWA) and onchain US stock exposure, areas where Ondo Finance is a leading player offering tokenized equivalents of low-risk US Treasury bonds and money market funds. The crackdown limits unofficial access to overseas securities, boosting demand for compliant blockchain-based financial products like Ondo's, which provide exposure to traditional assets in a tokenized form. This trend highlights growing investor appetite for stable, yield-bearing crypto products amid tighter regulatory controls in China.
A wallet linked to mcaavebank.eth transferred 9 million ONDO tokens, valued at about $4.47 million, to the OKX exchange on October 9. While this move makes the tokens available for trading, there is no confirmation that the tokens were sold or traded...
A major ONDO investor sold 9 million tokens worth $4.4 million after five months of liquidity provision, signaling fear amid a crypto market downturn. Despite this, ONDO rebounded from $0.43 to $0.49, supported by Ondo Finance's launch of 24/7 Privat...
On October 9, a wallet holding ONDO tokens for over a year transferred 9 million tokens valued at approximately $4.47 million to the OKX exchange at a price of $0.4963 each. The wallet, known as mcaavebank.eth, had previously provided liquidity for O...
Citrini Research analyzed how tokenization might expand onchain trading and lending, spotlighting projects like Aave, Ondo, and Uniswap. The report notes that increased onchain activity doesn't always lead to higher token prices, emphasizing the impo...
Citrini Research released a 79-page report arguing that the future value in crypto lies in infrastructure tokens supporting tokenized assets, rather than just Bitcoin or Ethereum. Their recommended tokens include Aave, Uniswap, ether.fi, Pendle, and ...
