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The Bitcoin Rally is fun, but ignore Rwas: Crypto Daybook Americas

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By Omkar Godbole (at all times and unless indicated otherwise)

Bitcoin Btc$124,542.09 It stays in a raid, despite the overnight pullback. The largest cryptocurrency in the world is burning, ranging almost 10% a week.

While the buzz around the BTC is natural, other sub-sectors, such as real-world assets (RWAs), illuminate big time and deserves attention.

On Monday, Ondo Finance, one of the top five RWA projects according to market value, announced Getting Oasis Pro, a US firm with full Sec Broker-Dealer, ATS, and agent transfer licenses.

The acquisition gives the Ondo to offer the following tokenized US security products, including release, trade, and managing tokenized possessions such as equal -equal, corporate debt, and structured products. The Ondo token rose almost 5% to 96 cents, while continuing to trade well below the climax of December 2024 of $ 2.14.

In a parallel development, the RWA dedicated to layer 2 blockchain, plume network, said that It is registered by the SEC as a transfer agent.

The license allows the plume to manage digital security and shareholder notes directly to Onchain, which supports interoperability in the US Depository Trust & Clearing Corporation (DTCC) Settlement Network. The network’s native token (plume) rose 25% to more than 12 cents in the announcement.

Taken, these announcements have signed the pronoun and tokenization of traditional possession of regulated traction, bridging the gap between traditional finances and blockchain change.

In other news, Cathie Wood’s Ark Venture Fund has invested nearly $ 10 million in Securitize, a tokenization company supported by Blackrock. This stake makes Ark’s eighth biggest hold.

Speaking of the market outlook, the path of at least fighting for the BTC remains in the higher part, supported by ETF flows. However, there is an interesting point to consider: Each of the previous times earned by ETFs at $ 1 billion or more a day or two, the price of Bitcoin is placed on a temporary top and subsequently corrected the lower, according to CoinDesk analyst James Straten.

In addition, the dollar index, which monitors the value of the greenback against major currencies, remains resilient despite discussions of faster reduction in the Fed rate against the back of the US government’s shutdown.

A potential greenback rally can weigh in cryptocurrencies and gold. The latter quickly closes the $ 4,000 mark, a rally with Citadel likes Concerned. Stay alert!

What to watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Crypto
Macro
- October 7, 10:05 AM: The Fed Vice Chair for Supervision Michelle W. Bowman delivers welcome statements to the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live.
- October 7, 10:30 am: Talking to Fed Governor Stephen I. Miran on Management Policy (MFA) 2025 in New York. Watch live.
We are (Estimates based on factset data)

Events with the token

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Votes and Management Calls
- Gnosis dao is Voting In GIP-138 to fund the nodeentinel, a validator tracking tool used by 94 operators for 60k+ validator. Voting ends October 7.
Unlocks
Launching a token
- October 7: KGEN (KGEN) listed in Binance, Mexc, Bingx, Kucoin, and more.
- October 7: Clink Finance (Clink) listed in Binance, Kucoin, and more.

Conference

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Token talk

By Oliver Knight

Plasma’s XPL token dropped negative emotions last week on Tuesday, rising more than 11% as it approached the $ 1.00 mark after sliding to $ 0.87 on Monday.
The project fought in Pinas about allegedly founding team token sales, a claimant of claim Paul Faecks Adamantly declined Last week.
There have also been complaints about the plasma team following links to lower than-impressive layer 2 network explosions.
“In our team 50, three spent time on the blur or blast,” Faecks wrote on X. “Our team members also came from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To say that our team is ‘ex-blast’ is to say it’s ‘ex’ either of these companies.
Today, with negative emotions behind the plasma view, the Stablecoin-focused blockchain begins to find its groove, which is reinforced by $ 5.1 billion in the total locked amount (TVL), $ 1.2 billion which is in the plasma vault protocol.
Attention to the XPL token also rises as the sun -high trading volume jumped more than 90% on Tuesday to $ 5 billion.

Derivatives positioning

The BNB is leading the growth of futures open interest in most major tokens, including Bitcoin, a sign of the continued capital flow to the market.
The one about the sign: Oi in non-serious fartcoin token rose more than 12% in the past 24 hours. That usually represents the froth, which is often observed in the temporary tops of the market.
Volatility in XRP may increase, as open interest in USD- and USDT-denominated perpetuals listed in major exchanges has advanced to 938 million XRP, the highest level since late July.
Despite the BTC’s sale near record highs, the market does not look so hot. The annual funding rates of most tokens, including memecoins, remain around 10%.
In CME, the BTC open interest has seen a moderate bounce at three weeks high, but remains well below 211k BTC in December last year. Meanwhile, Ether Oi hit a record of 2.2 million ETH.
In the derivit, merchants are chasing the spreading calls to the BTC Bull, with some earnings in the long call position and moving to higher strike bets. Generally, calls will still appear cheap relatives in those who are placed.

Movements in the market

BTC dropped 0.84% from 4 pm et Monday to $ 124,220.89 (24hrs: +0.27%)
ETH dropped 0.17%to $ 4,683.25 (24hrs: +2.58%)
CoinDesk 20 dropped 1.09% to 4,360.28 (24hrs: +0.43%)
The ether CESR composite staking rate is up to 3 bps at 2.85%
BTC funding rate is at 0.0076% (8.3132% annual) in Binance

DXY reached 0.34% to 98.44
Gold futures do not change to $ 3,978.10
Silver futures dropped 0.57% to $ 48.17
Nikkei 225 closed unchanged at 47,950.88
Hang Seng closed 0.67% to 26,957.77
FTSE does not change to 9,479.43
Euro Stoxx 50 does not change to 5,627.61
DJIA closed on Monday down 0.14% to 46,694.97
S&P 500 closed 0.36% to 6,740.28
The Nasdaq Composite closed 0.71% to 22,941.67
S&P/TSX Composite closed 0.2% to 30,531.88
S&P 40 Latin America closed 0.86% to 2,877.42
The US 10-year Treasury Rate is up to 0.6 bps at 4.168%
E-Mini S&P 500 Futures does not change to 6,785.25
E-Mini Nasdaq-100 Futures do not change to 25,186.00
E-Mini Dow Jones Industrial Average Index drops 0.17% to 46,878.00

Bitcoin stats

BTC Dominance: 58.82% (-0.17%)
Ether in bitcoin ratio: 0.03768 (0.29%)
Hashrate (seven-day average move): 1,022 eh/s
HASHPRICE (spot): $ 52.18
Total Fees: 4.41 BTC / $ 550,867
CME Futures Open Interest: 147,835 BTC
BTC that is priced at gold: 31.2 oz
BTC vs Gold Market Cap: 8.80%

Technical analysis

ETH -day -to -day chart in Candlesticks format. (Tradingview) — ETH -day -day chart. (Trdingview)

ETH jumped for $ 4,740, marking an inverted rest of a counter-trend integration identified by trendlines connecting August 24 and Sept. 13 high and lows on September 1 and Sept. 25.
Breakout points on continuation of greater extension, and range for record highs.
On the downside, the low Monday of $ 4,489 is the level to defeat for bears. That will prove the bullish breakout.

Crypto equities

Coinbase Global (coin): closed on Monday at $ 386.07 (+1.59%), -1.44% at $ 380.51 in pre -market
Circle Internet (CRCL): closed to $ 148.51 ( +1.87%), +1.96% to $ 151.42
Galaxy Digital (GLXY): Closed at $ 38.84 ( +7.41%), +2.70% at $ 2.70%
Bullish (BLSH): closed to $ 68.79 (+6.14%), -0.36% at $ 68.54
Mara Holdings (Mara): closed to $ 20.57 (+9.3%), -1.12% at $ 20.34
Riot Platform (Riot): Closed at $ 21.56 (+10.91%), -0.42% at $ 21.47
Core Scientific (Corz): closed at $ 17.91 ( +0.51%), +0.28% at $ 17.96
CleansPark (CLSK): closed to $ 17.43 ( +9.35%), +0.75% at $ 17.56
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed to $ 52.29 ( +8.51%), +1.36% at $ 53.00
Exodo Movement (EXOD): Closed at $ 31.7 (+5.46%), -3.03% at $ 30.74

Crypto treasury companies