Ondo

Police in Ondo engaged in a highway gun battle with suspected kidnappers, killing two and wounding five others who escaped into nearby bushes. Authorities are now hunting the remaining suspects.

Ondo has expanded its tokenized equities offerings by introducing onchain shareholder voting through a new partnership. This development occurs as competition in blockchain-based equity markets intensifies.

The Benin Zone of ASUU has warned of shutting down seven state-owned universities in Edo, Delta, and Ondo states unless the 2025 FGN/ASUU Agreement is implemented for July salary payments.

The All Progressives Congress (APC) won the Ekiti State governorship election and five of six bye-elections in Ondo, Enugu, Nasarawa, Kano, Kebbi, and Rivers states, losing one seat in Rivers to the People's Democratic Party (PDP).

The NDLEA is auctioning forfeited properties in Lagos and Ondo states, valued at N6.15 billion, as part of eight assets seized by the federal government through court orders.

Tokenization is experiencing growth similar to the $20 trillion ETF boom as blockchain and AI technologies converge, according to an Ondo executive. The executive highlights the intersection of these technologies as a key driver of innovation.

Fortune's Crypto 100 ranks top blockchain companies across 10 categories, including pioneers like Coinbase and Kraken, as well as newer firms like Hyperliquid and Ondo. The list highlights companies in finance, crypto services, and stablecoins, with Bitcoin leading the blockchains & protocols category.

Ondo has reached a $1 billion TVL, achieving a milestone in stocks tokenization. This accomplishment sets a new standard in the industry. The company's success is expected to have a significant impact on the market.

The TOTAL3 chart is showing signs of a potential breakout from a cup-and-handle formation, which could indicate improving risk appetite across the altcoin market. Notable altcoins such as Toncoin, Ondo, Sui, and Zcash have seen significant moves this week. This could be the start of a broader altcoin rotation.

The OTHERS chart, representing the total altcoin market cap excluding the top 10, has moved back above its neckline area and is approaching $195B after a potential head-and-shoulders pattern. This breakout could suggest the earlier breakdown was a failed move rather than a prolonged altcoin collapse. Several strong recent moves have come from projects outside the top 10.

Ondo, JPMorgan, Mastercard, and Ripple are teaming up to settle tokenized Treasuries on the XRP Ledger, demonstrating blockchain's ability to facilitate cross-border settlements in seconds. This collaboration showcases major financial institutions' adoption of blockchain technology. The use of XRP Ledger enables fast and efficient transactions.

The SEC has indicated that Zero-Knowledge proofs are acceptable, leading to an increase in privacy coins such as Monero and Zcash. Executives from various companies stated that banks are ready to build on-chain and institutional adoption is happening. The missing constraint is now getting everyday people to care about the technology.

Ondo, in collaboration with Broadridge, has introduced proxy voting for tokenized stocks and ETFs, enabling tokenized security holders to engage in corporate governance. This development addresses a critical gap between onchain securities and traditional financial instruments.

The article highlights the growing shift from centralized exchanges (CEXs) like Binance to decentralized exchanges (DEXs) due to improved user experience, lower fees, and institutional adoption of DeFi. It notes 15% of spot volume has moved to DEXs, with protocols like Aave enabling seamless onboarding and DeFi protocols such as Garden and Chainflip integrating BTC in a trustless manner.