Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next?
As the race to tokenize real-world assets (RWAs) accelerates, ONDO is quietly positioning itself as one of the most influential players in the growing sector. While the market shifts toward real-world asset tokenization, ONDO has continued to expand its footprint in tokenized finance by building products that bridge traditional financial markets with blockchain infrastructure. Why ONDO Is Emerging As A Leader In The Real-World Asset Sector ONDO Finance is quietly emerging as one of the most influential players in the rapidly expanding tokenized finance sector. A KOL manager and advisor, known as BitBull on X, has revealed that tokenized US Treasury products have now grown into a $13.7 billion market capitalization, with Ondo already ranking among the largest issuers in the space. Related Reading: ONDO Proves the Protocol Wins, Token Holders Lose – The BMIC Crypto Presale Flips That Model With Real Utility At the same time, tokenized stocks are gaining momentum, surpassing $1.5 billion in total value locked (TVL) as assets such as NCDAon, IBITon, MUon, and IVVon attract growing investor demand through Ondo Global markets. Meanwhile, the broader shift happening behind the scenes is becoming increasingly difficult to ignore. Users can now access the US stocks, ETFs, and treasury products directly on-chain, without relying on traditional brokerage infrastructure. While Ethereum continues to dominate the tokenized asset landscape, Ondo has rapidly positioned itself as one of the major platforms accelerating real-world asset adoption across crypto markets. BitBull noted that this signals a transition beyond stablecoins, with capital markets slowly migrating onto on-chain, and Ondo aiming to sit at the center of that transformation. Tokenized Stocks Could Become Ondo’s Biggest Opportunity ONDO is increasingly being viewed as one of the most undervalued opportunities in the tokenized finance sector. According to Not Telling on X, the project originally positioned the ONDO token strictly as a governance asset to avoid potential regulatory issues tied to securities laws, particularly around sharing protocol-generated revenue with token holders. Related Reading: Ondo Secures SEC-Registered Infrastructure With Oasis Pro Acquisition However, with the introduction of a clearer regulatory framework, such as the CLARITY Act, the landscape may be shifting. The new guidance suggests that distributing protocol revenue to token holders may no longer automatically be classified as a security asset. At the same time, the evolving stance of the US Securities and Exchange Commission (SEC) toward tokenized assets is reinforcing Ondo’s position as the best. The platform is already a dominant player in tokenized stocks, reportedly controlling a significant 60% shares of the market. If Ondo moves forward with the revenue-sharing protocol with token holders, the combination of real yield and strong positioning in tokenized real-world assets could significantly reprice the token. In that scenario, ONDO’s trajectory toward becoming a top-tier crypto asset, potentially breaking into the top 10 or even top 5, would come into focus. Featured image from Medium, chart from Tradingview.com
Donald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
Bitwise Chief Investment Officer Matt Hougan issued a strongly bullish view on Hyperliquid and its native token, HYPE, shortly after Bitwise launched a HYPE exchange-traded fund (ETF) last week. In his comments, Hougan argued that the market is mispricing Hyperliquid’s broader business model—treating it as essentially just another perpetual futures venue. Hyperliquid As A Global Super App Hougan said Hyperliquid appears to be caught in what he described as a “pricing error,” with investors valuing the platform as little more than a perpetual futures exchange. In contrast, he framed Hyperliquid as a global financial “super app,” one that is moving beyond the boundaries of crypto and expanding into areas such as stocks, commodities, foreign exchange, and prediction markets. Related Reading: The Bitcoin Meltdown: What’s Behind The Drop To $76,000, And What’s Next As part of his valuation perspective, Hougan estimated the platform’s annual revenue could be in the range of about $800 million to $1 billion, suggesting room for the business to scale well beyond how it’s currently categorized by the market. A key element of Hougan’s case involves Hyperliquid’s fee model. He pointed to a structure in which 99% of trading fees are directed toward HYPE token buybacks, describing it as a mechanism that helps support value rather than simply extracting revenue without a token-linked benefit. That, he said, aligns incentives in a way that differs from what investors may be assuming when they treat Hyperliquid as a standard trading platform. HYPE Approaches All-Time Highs Hougan also emphasized that HYPE’s recent performance does not change his view that the token remains undervalued. He noted that HYPE is up by 77% this year, yet he believes the market still hasn’t fully credited Hyperliquid’s long-term trajectory. In his view, Hyperliquid’s real opportunity is not just to grow as a rapidly expanding crypto perpetual exchange, but to evolve into a broader trading super app spanning stocks, pre-IPO assets, commodities, prediction markets, and crypto assets. Related Reading: Zcash, Bitcoin, And Solana—Catalysts Ahead That Could Fuel Another Upswing Before May Ends The bullish remarks come as interest in HYPE gained another boost from ETF activity. Along with Bitwise’s launch of a Hyperliquid ETF tied to HYPE, 21Shares introduced its own HYPE ETF earlier in the month. Following those launches, HYPE surged—recording massive gains of nearly 20% in the past week alone. At the time of writing, HYPE was trading just above the key $48 mark, only 18% below all-time high levels of $59 reached last year. Featured image created with OpenArt, chart from TradingView.com
The distributed market structure suggests the RWA landscape has not yet consolidated around a clear winner.
XRP is making its boldest move yet into mainstream finance as two of the biggest names in traditional finance are stepping deeper into crypto. The CME Group and Nasdaq have announced plans to introduce a new crypto index futures product, and XRP is included in the basket. The contract will give institutional investors regulated access to a range of digital assets through a single product, opening the door to the trillion-dollar Wall Street market. CME And Nasdaq To Launch XRP-Inclusive Crypto Index Futures In a landmark move, the CME Group and Nasdaq are set to launch the Nasdaq CME Crypto Index Futures on June 8, marking the first-ever market-cap-weighted crypto index futures contract. The single cash-settled product will give institutional investors regulated exposure to a basket of digital assets, including Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar. Related Reading: If You’re Holding XRP, This Pundit Says You Should See This Crypto expert Pumpius was among the few analysts to speak about the development on X, describing it as a turning point for XRP and the broader crypto market. He noted that XRP is now being integrated into Wall Street as traditional finance goes all-in on digital assets. For XRP holders in particular, Pumpius said the token is finally transitioning from a speculative asset to a core institutional holding. Adding more context to the recent development, market analyst Ripplexity said that crypto futures volume at CME has skyrocketed by 43% so far this year, reflecting just how high the demand is for regulated crypto products. He also said that the upcoming index futures contract will be settled using the Nasdaq CME Crypto Settlement Price Index, which already includes XRP. CME Moves To 24/7 Trading Ahead Of June Launch Crypto analyst SMQKE offered a broader view of the new milestone and its implications for the crypto industry. He described the CME Group as the world’s largest and most important derivatives exchange, noting that its partnership with Nasdaq could bring institutional capital into the altcoin market through a fully regulated channel. Related Reading: Market Analyst Outlines How The XRP Price Will Reach $300 And What Everyone Is Missing SMQKE also highlighted a major operational change happening before the June index launch. Starting May 29, the CME Group will reportedly shift its crypto futures and options trading to a 24/7 schedule, a move designed to match the round-the-clock nature of crypto markets. The analyst said that this will be a massive shift and a clear example of how fast the traditional finance sector is catching up to crypto technology. SMQKE also pointed out that XRP, Stellar, and Cardano are all ISO 20022-compliant tokens and that their inclusion in this derivatives product signals a deeper integration into mainstream finance. As the June 8 date approaches, market participants are still waiting on regulatory approval from the CFTC. According to SMQKE, the CME and Nasdaq partnership is likely to pave the way for further institutional adoption of digital assets and decentralized technologies. Featured image from Adobe Stock, chart from Tradingview.com
About 24 hours after Minnesota Governor Tim Walz signed a bill into law passed by the state’s legislature to effectively ban prediction markets in the state, the CFTC pushed back with its own lawsuit.
The potential liquidity crisis for Tether and Circle highlights systemic risks in the stablecoin market, prompting regulatory scrutiny and reforms.
The post Expert warns Tether, Circle face liquidity crisis despite T-bill reserves appeared first on Crypto Briefing.
Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth.
The lawsuit's outcome could redefine state vs. federal regulatory power, impacting the legal landscape and future of prediction markets nationwide.
The post CFTC sues Minnesota to block prediction market ban set for August 1 appeared first on Crypto Briefing.
Gemini Spark's launch could intensify AI competition, impact digital asset markets, and raise security concerns in AI-driven financial transactions.
The post Google unveils Gemini Spark, a 24/7 AI agent that works while you sleep appeared first on Crypto Briefing.
Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.
Zerohash's funding pursuit highlights the challenges and opportunities in scaling digital asset infrastructure amid evolving market dynamics.
The post Zerohash seeks new funding at over $1.5B valuation after Mastercard drops investment plans appeared first on Crypto Briefing.
Zcash Foundation's financial stability and regulatory clearance enhance its focus on innovation, yet global regulatory pressures persist.
The post Zcash Foundation ends Q1 with $36.6M in liquid assets, $817K in expenses appeared first on Crypto Briefing.
Strengthened Russia-China digital currency ties could challenge the dollar's dominance, reshaping global economic and geopolitical dynamics.
The post Putin arrives in Beijing for Xi Jinping talks as Russia-China digital currency ties deepen appeared first on Crypto Briefing.
The stablecoin market's consolidation around USDT and USDC suggests a durable oligopoly, limiting new entrants despite regulatory efforts.
The post Tether’s USDT grows as stablecoin supply tops $300B, rivals decline appeared first on Crypto Briefing.
The stablecoin market's consolidation around USDT and USDC suggests a durable oligopoly, limiting new entrants despite regulatory efforts.
The post Tether’s USDT grows as stablecoin supply tops $300B, rivals decline appeared first on Crypto Briefing.
The sanctions intensify US efforts to disrupt financial networks supporting terrorism, impacting global compliance and crypto operations.
The post US Treasury sanctions Gaza flotilla leaders linked to Hamas and PFLP front groups appeared first on Crypto Briefing.
Bitcoin’s latest rally has run into a major technical and on-chain resistance zone, with CryptoQuant research head Julio Moreno warning that several indicators now point to elevated correction risk after a sharp rebound from April lows. Moreno said CryptoQuant had been flagging a potential pullback for weeks, citing high unrealized profits, a spike in profit-taking across spot and futures markets, slowing US spot demand, and resistance from both technical and on-chain price levels. The firm’s latest analysis frames Bitcoin’s move toward the 200-day moving average as a critical test for whether the rally has durable support or resembles a bear-market rebound running out of momentum. Why The Bitcoin Correction Risk Is Rising “Bitcoin has reached a major bear market resistance level, the 200-day moving average at $82.4K, following a 37% price rally from the April lows. The parallel with March 2022 is direct: in that cycle, Bitcoin also rallied 43% before hitting the 200-day MA, after which the price resumed its downward trend. The current setup raises the question of whether history repeats,” CryptoQuant wrote in its May 13 report, titled “Wall of Resistance: Bitcoin Tests the 200-Day MA as Profit-Taking and Weak US Demand Cap the Rally.” Related Reading: Bitcoin Supply Shock? Binance Flags 500,000 BTC Leaving Exchange The comparison with March 2022 is central to the firm’s caution. In CryptoQuant’s reading, the 200-day moving average is not just a technical line on the chart, but a zone where prior bear-market rallies have failed when supported by weak demand and heavy profit-taking. Bitcoin’s 37% move from April lows has brought the market back to that same kind of inflection point. A key concern is the rise in unrealized profits among traders. CryptoQuant said traders’ unrealized profit margins reached 17.7% on May 5, the highest level since June 2025. That matters because holders with sizable paper gains often become more willing to sell into strength, especially when a rally approaches a widely watched resistance level. The firm said those margin levels mirror the conditions seen in March 2022, when Bitcoin last tested the 200-day moving average before resuming its broader decline. The implication is not that the market must repeat that outcome, but that the current setup carries a similar distribution risk if demand does not strengthen. Realized profit data suggests that some selling has already begun. CryptoQuant said daily realized profits surged to 14.6K BTC on May 4, the highest level since December 10, 2025. According to the report, spikes of that scale during bear-market rallies have historically preceded local tops, as newly profitable short-term holders accelerate selling into price strength. Related Reading: The Bitcoin Meltdown: What’s Behind The Drop To $76,000, And What’s Next The demand side of the market also remains a weak point in CryptoQuant’s assessment. The Coinbase Bitcoin Price Premium turned negative in late April and stayed below zero as Bitcoin approached $80,000, which the firm interpreted as a sign of decelerating US investor demand. CryptoQuant argued that sustained positive Coinbase premium has historically been a prerequisite for more durable Bitcoin rallies, and that its absence suggests the current move lacks broad-based US institutional conviction. Spot apparent demand has improved, but remains negative. The contraction narrowed from minus 91K BTC in April to minus 11K BTC, according to the report. CryptoQuant said that indicates conditions have become less severe, but not strong enough to confirm sustained spot accumulation. The firm also noted that demand growth appears concentrated more in speculative perpetual futures positioning than in spot buying. If a correction develops, CryptoQuant identified the main on-chain support level near $70,000, represented by the Traders’ On-chain Realized Price. The firm said this level has historically acted as a resistance-turned-support band in bear markets because it reflects the average cost basis of short-term traders. At press time, BTC traded at $76,961. Featured image created with DALL.E, chart from TradingView.com
The asset manager recently launched a HYPE-based exchange-traded fund and said it will use some of the fees generated to buy the token.
Google's expanded CodeMender access intensifies AI security competition, potentially reshaping cybersecurity strategies across industries.
The post Google expands CodeMender access to compete with Anthropic’s Mythos in AI security race appeared first on Crypto Briefing.
Google's Gemini 3.5 Flash intensifies the AI arms race, challenging decentralized AI projects to justify their value against Big Tech's offerings.
The post Google launches Gemini 3.5 Flash, its most powerful AI model yet appeared first on Crypto Briefing.
Google's AI-driven search evolution could disrupt traditional web traffic and commerce, challenging existing digital marketing and payment models.
The post Google transforms Search into AI-powered interactive experience this summer appeared first on Crypto Briefing.
The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective.
The Block's data shows onchain equities trading volume growing since the start of the year, and hitting an all-time high on Monday.
Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000.
The research firm said bitcoin traders remain unusually defensive, reducing the risk of the kind of leverage-driven collapse seen in prior downturns.
Google's Project Aura could redefine spatial computing, fostering a robust XR ecosystem and potentially transforming decentralized app interfaces.
The post Google unveils Project Aura Android XR glasses with new features appeared first on Crypto Briefing.
Google's lifesize AI agent Sophie highlights the growing need for decentralized identity solutions to manage data privacy and user consent.
The post Google unveils lifesize AI agent Sophie in secretive Beam Lab experiment appeared first on Crypto Briefing.
Rising tensions could disrupt oil markets and boost crypto adoption in Iran, while increasing regulatory scrutiny on Western exchanges.
The post Trump holds meeting on Iran war plans after pausing attacks, and crypto markets are watching closely appeared first on Crypto Briefing.