Bitcoin Rally is Fun but Dont Overlook RWAs Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise)
Bitcoin (BTC) remains in an uptrend, despite the overnight pullback. The world’s largest cryptocurrency is on fire, having rallied nearly 10% in one week.
While the buzz around BTC is natural, other sub-sectors, such as real-world assets (RWAs), are lighting up big time and deserve attention.
On Monday, Ondo Finance, one of the top five RWA projects by market value, announced the acquisition of Oasis Pro, a U.S. firm with full SEC broker-dealer, ATS, and Transfer Agent licenses.
The takeover enables Ondo to offer compliant tokenized securities products in the U.S., including the issuance, trading, and management of tokenized assets such as equities, corporate debt, and structured products. The ONDO token rose nearly 5% to 96 cents, while continuing to trade well below its December 2024 peak of $2.14.
In a parallel development, the RWA-focused Layer 2 blockchain, Plume Network, said that it has been registered by the SEC as a transfer agent.
The license allows Plume to manage digital securities and shareholder records directly onchain, supporting interoperability with the U.S. Depository Trust & Clearing Corporation (DTCC) settlement network. The network’s native token (PLUME) rose by 25% to over 12 cents on the announcement.
Taken together, these announcements signal that the digitization and tokenization of traditional assets are gaining regulated traction, bridging the gap between traditional finance and blockchain innovation.
In other news, Cathie Wood’s ARK Venture Fund invested about $10 million in Securitize, a BlackRock-backed tokenization firm. The stake makes it ARK’s eighth-largest holding.
Speaking of the market outlook, the path of least resistance for BTC remains on the higher side, supported by ETF inflows. However, there is an interesting point to consider: Each of the previous times ETFs pulled in $1 billion or more in a day or two, bitcoin’s price put in an interim top and subsequently corrected lower, according to CoinDesk analyst James Straten.
Additionally, the dollar index, which tracks the value of the greenback against major currencies, remains resilient despite discussions of faster Fed rate cuts against the backdrop of the U.S. government shutdown.
A potential rally in the greenback could weigh on cryptocurrencies and gold. The latter is fast closing on the $4,000 mark, a rally that has likes of Citadel concerned. Stay alert!
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.
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Source: Farside Investors