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.
Large ONDO holders moved over 10 million tokens to Coinbase, raising concerns of potential selling. Despite this, ONDO's price stayed stable above $0.373 support as selling pressure dominated spot and futures markets. However, positive funding rates ...
The Ondo Finance (ONDO) token saw a 2.24% rally in the past 24 hours but remains in a downtrend after an 11.3% drop since July 30. The decline followed token deposits to Coinbase, which may have triggered selling pressure. Despite a breakout from a d...
Ondo Finance has named Adam Schlisman, former CFO of Blockchain.com and Monashee Investment Management, as its new chief financial officer. This move supports Ondo's expansion in institutional tokenized asset markets, including its Ondo Network, Ondo...
ONDO's price dropped to a two-week low of $0.34 after the Ondo Finance team deposited 4 million ONDO tokens worth $1.56 million to Coinbase, continuing a series of sell-offs totaling 20.2 million tokens. This heavy selling pressure has outweighed ste...
Zero Knowledge Proof (ZKP) has rapidly sold out its first presale stage priced at $0.0004 per coin, well below its $0.04 target, supported by a unique hardware miner that processes AI tasks. Meanwhile, Ondo crypto rebounded from $0.37 to $0.41 with a...
