Coindesk

Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday.The Ondo Short-Term US Government Treasuries (OUSG) token is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint and redeem tokens around the clock near instantaneously using the Ripple's RLUSD stablecoin. The deployment is set to go live within the next six months, Ondo Finance said in a blog post.Both Ripple, the creator of XRP Ledger, and Ondo Finance committed seed investments in the token on the XRP Ledger for initial liquidity. They did not reveal the size of the allocations.Tokenization of real-world assets...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are posting gains of as much as 4%.Risk sentiment is likely being supported by skepticism surrounding the claims of Chinese tech startup DeepSeek, which asserts it spent only $6 million to develop its competitor to ChatGPT. Critics speculate the figure omits costs associated with earlier research and experimentation on architectures, algorithms and data. Additionally, a concept rooted in the Jevons Paradox suggests that advancements in efficiency often...

Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday, prompted by concerns of overvaluations of its AI investments.XRP led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, Solana’s SOL and dogecoin (DOGE) zooming as much as 9%. Ether (ETH) gained 4.5%, while overall market capitalization rose 3%.BTC rose nearly 4% in the past 24 hours, easing losses from Monday which saw over $1 billion in futures liquidations and an 8.5% decline in the broad-based CoinDesk 20 (CD20) at peak.Large liquidation events often present a market buying opportunity, as CoinDesk noted on Monday, as...

Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment."Markets don't like uncertainty, to me, it's an overreaction, and this overreaction will be a great opportunity for investors," Lee said.Lee's call seems good so far. After Nasdaq sold off 3% and NVIDIA dropped 17%, ,Nasdaq futures are up 1% while NVDA is 5% higher in pre-market trading.Monday's sell-off in NVDA was the biggest single-day market cap loss in history, with NVIDIA losing $465 billion in market cap, according to Bloomberg Data.Bitcoin (BTC) fell as far as $97,500 on Monday...

Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations.The acquisition of the site in Yguazú, Paraguay will more than triple Hive's hashrate to 25 exahash per second (Eh/s) by September, Hive said Tuesday.It will pay a total of $56 million for the site, reimburse $19 million of deposits for power-purchase commitments and another $10 million for "remaining capital obligations," Bitfarms said in a separate statement. Hive estimated that developing the locate into a 200 MW site to be $400,000 per MW. HIVE shares, which fell over 10% to $2.78 on Monday amid the DeepSeek-related sell-off in both crypto and equity markets, are trading...