ONDO's value increased by 8% following discussions among major derivatives exchanges to consider BlackRock's BUIDL as a potential collateral option. This development reflects a growing interest in Bitcoin-backed financial products and signifies a pivotal moment in the derivative markets. As institutional interest in cryptocurrencies rises, BlackRock, a leading investment management firm, aims to enhance the legitimacy of digital assets by integrating them into traditional finance mechanisms. The move could facilitate wider adoption of cryptocurrencies in mainstream finance, potentially shaping the future of trading and investment strategies in the sector. Market observers are closely watching how this decision may influence ONDO and similar assets as they navigate the evolving landscape of digital finance.

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