Ondo, CC sidestep macro concerns with institutional deals as BTC, ETH prices slide: Crypto Daybook Americas
Despite broader crypto market slides due to macro concerns, Ondo (ONDO) and Canton Network (CC) tokens gained on significant institutional adoption news.Summary
While bearish macro headlines, including geopolitical tensions and rising oil prices, pressured the broader crypto market causing Bitcoin and Ether prices to slide, institutional adoption news provided a counter-narrative for specific tokens. Canton Network's CC token rose 7% after Visa announced it joined as a super validator to enhance privacy-preserving infrastructure for financial institutions. Similarly, Ondo Network's ONDO token gained 9% due to its leading role in real-world asset tokenization, highlighted by its partnership with Franklin Templeton. Analysts noted that renewed spot ETF outflows are weighing on Bitcoin, and the market is now more exposed to catalysts like oil prices and interest rates, leading to weak risk appetite.
(Source：CoinDesk)