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Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
- 02:04Market dynamics on December 5th: BTC rebounds, ETH's old coins lead the rise; US stocks rise, probability of interest rate cut in December increases to 80%I. Market Dynamics 1. BTC is rising, with ETH leading the old altcoins. The market contract rate has surged to its highest in the past six months. 2. U.S stocks are soaring, and the market expects an 80% probability of further interest rate cuts in December. II. Market Focus 1. Public chain ETH is surging, as are old DEFI such as COMP, CRV, CVX, FXS, YFI etc. There are rumors that CRV is collaborating with American institution BlackRock. COMP's founder had previously left to establish a new DEFI protocol LEGEND. 2. Games like SAND, GALA and SLP are on the rise too. The market prefers trading older coins rather than newer ones; this trend started from 2017 and continued into 2020. 3.Previously strong currencies like XRP, HBAR, ALGO and TRX lead the decline.The smart money gradually withdraws. 4.On-chain transactions have been light; liquidity has been absorbed by CEX's old altcoins while top Shiba Inu transaction volumes have dropped to tens of millions of dollars. 5.MAGIC EDEN on SOL chain will be airdropped on December 10th.
- 01:49Ripple: The stablecoin RLUSD will not be launched today, it is undergoing final approval with the New York Financial Services DepartmentRipple posted on social media saying, "Despite some speculation, RLUSD will not be launched today. We are in sync with the New York Department of Financial Services (NYDFS) for final approval and will share the latest progress as soon as possible. The team is fully committed to launching the product under NYDFS supervision and adheres to the highest regulatory standards." Fox Business reporter Eleanor Terrett said that two sources close to the process indicated that today was originally expected to be the release date, but it was postponed due to some last-minute developments. Previous reports stated that Ripple is about to receive approval from NYDFS to issue stablecoin RLUSD, which is expected to officially launch on December 4th, 2024.
- 01:43Bellede has transferred nearly 14 million USDC to Ondo FinanceAccording to monitoring data from Arkham, BlackRock has transferred nearly 13.935 million USDC to Ondo Finance, of which over 13 million USDC were transferred in the past 2 hours.
