Ondo Jumps 20% as BlackRock Portfolios Go Onchain; Bitcoin Holds Near $84,000
- —Ondo rose over 20% after three BlackRock-designed portfolios went onchain
- —Litecoin added 18% with no public announcement behind the move
- —51 of 60 large-cap tokens on Kraken traded above their 00:00 UTC open
- —The 10-year Treasury yield closed at 5.11%; Polymarket prices a 68% chance of an October rate hike
Why it matters: BlackRock's tokenized portfolios via Ondo reinforce the RWA narrative, but rising yields and Fed hike odds weigh on bitcoin and ether.
Source: The Defiant