Don't Miss Out on RWAs Amidst the Bitcoin Frenzy: Crypto Daybook Americas

By Omkar Godbole (All times ET unless stated otherwise) The price of Bitcoin (BTC) remains on an upward trend despite experiencing a slight overnight downturn, with the cryptocurrency having surged by nearly 10% over the past week. Although the excitement surrounding BTC is understandable, it's essential to pay attention to other areas, such as real-world assets (RWAs), which are gaining significant traction. On Monday, Ondo Finance, one of the top RWA projects by market capitalization, announced its acquisition of Oasis Pro, a US-based company holding full SEC broker-dealer, ATS, and Transfer Agent licenses. This acquisition enables Ondo to offer compliant tokenized securities products in the US, including the issuance, trading, and management of tokenized assets like equities, corporate debt, and structured products. The ONDO token saw a nearly 5% increase to 96 cents, although it continues to trade below its December 2024 peak of $2.14. In a related development, Plume Network, a Layer 2 blockchain focused on RWAs, revealed that it has been registered by the SEC as a transfer agent. The license allows Plume to directly manage digital securities and shareholder records on the blockchain, facilitating interoperability with the US Depository Trust & Clearing Corporation (DTCC) settlement network. The network's native token (PLUME) rose by 25% to over 12 cents following the announcement. These developments indicate that the digitization and tokenization of traditional assets are gaining regulated momentum, bridging the gap between traditional finance and blockchain innovation. In other news, Cathie Wood's ARK Venture Fund invested around $10 million in Securitize, a tokenization firm backed by BlackRock. This investment makes it ARK's eighth-largest holding. Regarding the market outlook, the path of least resistance for BTC remains upward, supported by ETF inflows. However, it's worth noting that each time ETFs have pulled in $1 billion or more in a short period, bitcoin's price has reached an interim peak and subsequently corrected lower, according to CoinDesk analyst James Straten. Additionally, the dollar index, which tracks the value of the US dollar against major currencies, remains resilient despite discussions of faster Fed rate cuts amid the US government shutdown. A potential rally in the US dollar could negatively impact cryptocurrencies and gold, with the latter approaching the $4,000 mark, a development that has raised concerns among firms like Citadel. Stay vigilant! Key Events to Watch For a more comprehensive list of events this week, refer to CoinDesk's 'Crypto Week Ahead'. Token Events For a more comprehensive list of events this week, refer to CoinDesk's 'Crypto Week Ahead'. Conferences For a more comprehensive list of events this week, refer to CoinDesk's 'Crypto Week Ahead'. Token Talk By Oliver Knight Derivatives Positioning Market Movements Bitcoin Statistics Technical Analysis Crypto Equities Crypto Treasury Companies ETF Flows Spot BTC ETFs Spot ETH ETFs Source: Farside Investors While You Were Sleeping