Ondo Finance Acquires Oasis Pro to Expand Tokenized Securities Offering
Key Developments in Crypto Investments:
- Bitcoin maintains an uptrend, rising nearly 10% over the past week.
- Ondo Finance acquired Oasis Pro, enhancing capabilities to offer compliant tokenized securities in the U.S. The ONDO token rose by 5% to $0.96.
- Plume Network has been registered as a transfer agent by the SEC, enabling onchain management of digital securities. The PLUME token increased by 25% to over $0.12.
- Cathie Wood’s ARK Venture Fund invested $10 million in Securitize, making it their eighth-largest holding.
- Market analysis indicates potential short-term corrections in BTC prices post significant ETF inflows.
- The dollar index remains strong, potentially impacting cryptocurrencies and gold.
Token Highlights:
- Plasma's XPL token rebounded by over 11%, reaching near $1.00 after criticism related to team activities.
- XPL trading volume surged by more than 90% to $5 billion.
Derivatives Market Trends:
- Futures open interest for various tokens shows growth, led by BNB.
- Open interest in XRP perpetuals hit a peak since late July.
- BTC is nearing record highs but market sentiment doesn’t appear overheated.
Market Movements:
- BTC: down 0.84% to $124,220.89; ETH: down 0.17% to $4,683.25.
- Gold futures: unchanged at $3,978.10.
- S&P 500: closed up 0.36% at 6,740.28.
Technical Analysis:
- ETH broke past counter-trend resistance, indicating potential for record highs.
ETF Flows:
- Spot BTC ETFs saw daily net flows of $1.19 billion, with cumulative flows reaching $61.20 billion.
- Spot ETH ETFs recorded daily net flows of $176.6 million, with cumulative flows of $14.61 billion.