Cryptocurrency Price Action Update

Bitcoin (BTC): Today's price is US $83,156.08, with a 24-hour trading volume of US $37,596,404,147. The price has risen by 3.67% in the past 24 hours and has decreased by -0.94% in the past 7 days. The circulating supply is 19.85 million BTC, and Bitcoin's market cap is US $1,650,648,227,700.

Ethereum (ETH): Today's price is US $1,550.32, with a 24-hour trading volume of US $13,201,993,812. The price has increased by 0.93% in the past 24 hours and has decreased by -14.79% in the past 7 days. The circulating supply is 120.68 million ETH, and Ethereum's market cap is US $187,098,217,347.

Ripple (XRP): Today's price (XRP) is US $2.01, with a 24-hour trading volume of US $2,911,924,423. The price has risen by 1.37% in the past 24 hours and has decreased by -5.38% in the past 7 days. The circulating supply is 58.34 billion XRP, and Ripple's market cap is US $117,438,631,473.

Latest News: President Trump signed the bill to repeal cryptocurrency broker regulations.

This is the first cryptocurrency bill in history to be signed into law by a president.

The sentiment this week is relatively panic, with Trump's frequent changes in tariff policies, leading to a significant market aversion sentiment. The uncertainty in the market will continue for the long term, and so will the volatility.

The liquidation volume accounts for more than 10% of the total position, with the largest position currently being the June quarterly options, and the April options position is basically on par with June. The market structure is basically consistent with last week, mainly due to the low sentiment.

BTC's implied volatility (IV) has significantly decreased, currently maintaining around 50% across all durations, while ETH's IV remains at a higher level, with short-term volatility rates maintaining around 80%. Therefore, selling short-term ETH options would be a good choice.

The cryptocurrency market currently lacks new capital and lacks new narratives, with investor sentiment being relatively low. In this poor market where bull turns to bear, the probability of a black swan event occurring will significantly increase.

Binance Lists $ONDO, Let's Talk About This Project

Basically, ONDO can indeed be considered the leader in the RWA track.

ONDO's price today is US $0.8927, with a 24-hour price increase of 7.87%, and a 7-day price increase of 8.48%.

Ondo is a DeFi protocol based on Ethereum, aiming to transform traditional liquidity services into the tokenization of real-world assets. In simple terms, Ondo wants to use innovative financial products to connect encrypted assets with the real economy.

Ondo claims to have achieved several firsts in the RWA field, such as USDY being the first tokenized U.S. Treasury bond, and OUSG being the first tokenized Treasury ETF (issued by BlackRock).

Ondo can tokenize Treasury ETFs, indicating that it can also tokenize other ETFs and even individual U.S. stocks, making Ondo's narrative very vast.

The project is developed by Goldman Sachs, BlackRock, Bank of America, Ankura Trust, Clear Street, and Nav Consulting, among other well-known institutions. Theoretically, they are not short of funds, so let's not count the project side as selling pressure.

Personal Opinion: This project has the potential to become a super large market cap, after all, with the hard-core project side investment team right here, and the RWA sector trend is in this direction.