Track market-moving stories before they get noisy

Ondo Finance has made its largest single asset expansion to date, adding 173 tokenized stocks and exchange-traded funds to its Ondo Global Markets platform. The move pushes the platform's total catalog beyond 430 assets across Ethereum, Solana, and BNB Chain.

What's New in the Expansion The largest asset addition to date broadens $ONDO's coverage across artificial intelligence, robotics, quantum computing, defense technology, and other sectors attracting heavy public-market demand. The new listings also include tokenized exposure to private company shares, active ETFs, Treasury products, and covered-call strategies, with SpaceX's SPCX token highlighted among the additions.

Ondo Global Markets brings traditional public securities onchain, with tokens that are freely transferable and usable in DeFi. The tokens are custody-backed, with underlying securities held at US-registered broker-dealers, while onchain holders receive economic exposure rather than shareholder rights.

A Platform Built Across Multiple Chains Ondo Global Markets extends beyond Ethereum and BNB Chain, where it launched in late 2025, to now include Solana. The platform is described as the world's largest tokenized stock and ETF platform by total value locked. With its Solana deployment, Ondo Global Markets became the largest real-world asset issuer on the network by asset count, representing approximately 65% of all tokenized real-world assets currently live on Solana.

Ondo Finance plans to expand from tokenized stocks and Treasuries into managed onchain investment portfolios, as tokenized assets surpass $30 billion in value and draw interest from major financial institutions. For non-US investors, the platform offers a direct route into US equity markets without a traditional brokerage account, with institutional-grade custody and access to deep traditional market liquidity.

Sources:
Crypto Adventure: Ondo Adds 173 Tokenized Stocks and ETFs
CoinDesk: Ondo Finance Brings 200+ Tokenized U.S. Stocks and ETFs to Solana
CoinDesk: Ondo Finance Pushes Into Tokenized Investment Products

Ondo Finance’s native token ONDO has sustained its bullish momentum after breaking through a key resistance zone. At press time, ONDO was trading at $0.3779, with its 24-hour trading volume reaching $131.42 million and market capitalization standing at $1.84 billion. A 2.59 percent price increase over the past day has put the prospect of a technical rebound back on investors’ radar.

The $0.43 level comes into focus on the technical chartAccording to crypto analyst Alpha Crypto Signal, ONDO successfully broke above an ascending triangle formation. This breakout signals growing buying power as prices climb above a crucial resistance level. Maintaining higher lows is also cited as further supporting the ongoing upward trend.

As Alpha Crypto Signal analyzed, ONDO’s price has broken out of the ascending triangle, and if this zone continues to act as support, the upward trend could strengthen.

What was once a resistance area now acting as support is considered a key indicator of a potential short-term shift in direction. If ONDO manages to hold above this region, $0.43 emerges as the next logical target. On the flip side, a drop back below the breakout zone could prompt a return to sideways movements.

A retest of the former resistance zone accompanied by a strong reaction would further confirm the bullish narrative. Such technical pullbacks are closely monitored to gauge whether a breakout is likely to be sustained.

Ondo expands its tokenized asset portfolioOn the project front, Ondo Finance announced that it has expanded its catalog of tokenized assets. The platform has added 173 new stocks and exchange traded funds (ETFs), pushing the total number of tokenized assets on its platform to over 430. Ondo Finance is known as a real world asset (RWA) project, aiming to bridge traditional financial products such as stocks and funds with blockchain infrastructure.

The new additions focus on thematic growth sectors including artificial intelligence, robotics, quantum computing, defense technologies, critical minerals, and energy infrastructure. This move signals increasing sector diversity within blockchain-based investment products.

Glossary: Tokenizing real world assets means creating a digital representation of traditional assets like stocks, funds, or bonds on the blockchain. An ETF is an exchange traded fund that tracks an index, sector, or asset group and can be bought or sold on exchanges.

The initiative is built on the Ethereum, Solana, and BNB Chain networks, showing that demand for tokenizing real-world assets is expanding across multiple blockchains. Ondo’s core objective is to make traditional market assets accessible and liquid for a wider audience by leveraging blockchain technology.

According to data from Ondo Finance, 173 new stocks and ETFs were added, lifting the total number of tokenized assets above 430.

IndicatorDataONDO price$0.377924 hour change2.59 percent increase24 hour volume$131.42 millionMarket capitalization$1.84 billionNew assets added173 stocks and ETFsTotal tokenized assets430+Market analysis and price forecasts in this article do not constitute definitive results. With the high volatility seen in crypto assets, technical levels and support or resistance zones can shift rapidly.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

JPMorgan, Mastercard, and Ondo settled a tokenized US Treasury on the XRP Ledger in May, in a legal gray zone where no statute defines on-chain settlement. The technology is years ahead of the law. The CLARITY Act is the bill that would let the rest of Wall Street follow.

Summary

XRP’s settlement thesis is already being tested by major financial institutions. The bottleneck is legal certainty, not whether the technology works. RLUSD gives the XRP ecosystem a credible on-chain dollar leg for settlement. The long-term case depends on whether CLARITY lets pilots become scaled infrastructure. In May 2026, JPMorgan, Mastercard, and Ondo Finance completed a tokenized US Treasury settlement on the XRP Ledger. Read that again, because the names matter: the largest bank in the United States, the largest payment network in the world, and a leading tokenization firm settled a real US government security on the blockchain associated with XRP.

NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4

— crypto.news (@cryptodotnews) June 12, 2026 The transaction worked. The technology did what it was supposed to do. And it happened in a legal gray area, because no US statute defines the rules for settling tokenized real-world assets on a public blockchain.

The plumbing is already running. The law has not caught up.

This is the disconnect at the heart of one of crypto’s most consequential stories. The XRP Ledger already hosts more than $3.5 billion in tokenized real-world assets, and the institutions experimenting on it are not crypto startups but the pillars of traditional finance.

What is missing is not the technology, which works, or the institutional appetite, which is evident, but the legal certainty that would let this move from cautious pilots into the trillions of dollars of settlement that institutions handle every day. The CLARITY Act is the bill that would provide that certainty.

This piece explains what XRP is actually doing in institutional settlement today, why the law is the bottleneck and not the technology, how CLARITY would change the picture, and what it would mean to connect the world’s settlement infrastructure to the blockchain.

What XRP is actually doing in settlement Consider the reality on the ground, because the gap between what XRP is doing and what most people think it does is enormous.

XRP’s popular image is a speculative token that trades on regulatory headlines. The institutional reality is different.

The XRP Ledger is a blockchain designed for fast, cheap settlement of value, and it is being used, right now, by serious financial institutions to settle tokenized real-world assets. These are securities and instruments that exist in the traditional financial system but are represented on-chain as tokens.

The May 2026 settlement of a tokenized US Treasury by JPMorgan, Mastercard, and Ondo Finance is the flagship example, proof that a government bond can be settled on the XRP Ledger by the most trusted names in finance. And it is not isolated: the ledger hosts more than $3.5 billion in tokenized real-world assets, a figure that reflects genuine institutional usage, not retail speculation.

Why institutions are drawn to this is that settlement is one of the slowest, most expensive, and most antiquated parts of traditional finance. When securities change hands today, the actual settlement, the final transfer of ownership and cash, can take days, passing through layers of intermediaries, each adding cost, delay, and risk.

Tokenizing an asset and settling it on a blockchain collapses that process. The transfer can be near-instant, around the clock, with the ownership record and the settlement happening in the same place at the same time.

For an institution moving large volumes, that is not a marginal improvement; it is a structural upgrade to one of the most important and inefficient functions in finance. XRP’s ledger, built for exactly this kind of value transfer, is positioned as one of the rails on which that upgrade can run, which is why names like JPMorgan are testing it instead of dismissing it.

Why the law is the bottleneck Because the technology works and the institutions are interested, the thing holding back the trillions is not capability. It is legal certainty, and understanding why requires seeing settlement from an institution’s perspective.

When JPMorgan settles a tokenized Treasury on the XRP Ledger, it is operating in a space the law does not clearly govern. No US statute defines the rules for on-chain settlement of tokenized real-world assets: what legal status the on-chain record has, how it interacts with existing securities law, who bears responsibility if something goes wrong, and how the settlement is treated for regulatory and accounting purposes.

The May transaction worked technically, but it ran in a legal gray area, and that gray area is precisely the problem. A bank can run a careful pilot in a gray area.

It cannot move the core of its settlement operations, the trillions of dollars that flow through the system, into a space where the legal treatment is undefined, because the regulatory, legal, and fiduciary risk of doing so at scale is unacceptable. Institutions need to know the rules before they commit their main business, and right now the rules do not exist.

This is why the bottleneck is legal, not technical. Every institution that has piloted tokenized settlement on the XRP Ledger has proven the technology, and every one of them has stopped short of scaling it, because scaling means betting core operations on a legal framework that has not been written.

The gap between a $3.5 billion pilot environment and the trillions that could eventually settle on-chain is almost entirely a gap of legal certainty. The institutions are standing at the edge of the pool, the water is fine, and they are waiting for someone to confirm it is legal to dive in.

Until a statute defines on-chain settlement, the pilots stay pilots, impressive proofs of concept that cannot become the backbone they are capable of being.

How CLARITY changes the picture This is where the CLARITY Act enters, because it is the bill that would write the rules the institutions are waiting for, and its significance for XRP runs deeper than the price discussions that usually surround it.

The CLARITY Act, which passed the House and cleared the Senate Banking Committee, would set up a federal framework for digital assets, including the statutory basis for how tokenized assets and on-chain settlement are treated under US law. Where today there is a gray area, CLARITY would provide a defined legal structure.

It would create clear rules for what on-chain settlement means, how it fits with existing law, and what institutions can and cannot do. That certainty is the missing ingredient.

With a statute in place, the institutions piloting tokenized settlement on the XRP Ledger would have the legal foundation to move from experiments toward scaled deployment. The regulatory and legal risk that currently caps them at pilot size would be resolved.

The bill does not build the technology, which already works. It removes the legal barrier that keeps the working technology confined to the lab, which is why a statute beats an agency classification.

What this could unlock is staggering. The Depository Trust and Clearing Corporation, the backbone of US securities settlement, processes volumes measured in the quadrillions of dollars annually, and the broader infrastructure of clearing and settlement handles the entire flow of American securities markets.

If on-chain settlement gains a legal framework, that enormous flow gains a path toward blockchain rails. The XRP Ledger, already chosen by JPMorgan and Mastercard for pilots, is positioned as one of the venues where it could run.

That puts XRP inside the parallel tokenization race, where major institutions are testing which public and private rails can carry real securities at scale.

Ripple, the company most associated with XRP, has been building toward exactly this institutional future, including pursuing the kind of regulatory standing and infrastructure that would let it operate at the heart of the settlement system. CLARITY is the legal key that would turn the institutional interest already visible in the pilots into the scaled adoption the technology is built for.

The RLUSD piece and the broader infrastructure The settlement story does not stand alone; it sits inside a broader build-out of XRP-linked institutional infrastructure that makes the thesis more concrete.

Alongside the tokenized-asset settlement, Ripple’s dollar-backed stablecoin, RLUSD, has grown into a significant piece of payment infrastructure. It has reached roughly $1.7 billion in market capitalization and ranks among the largest stablecoins, live across more than 40 networks.

In June 2026, Mastercard added RLUSD to its around-the-clock on-chain settlement network alongside other major stablecoins, a meaningful integration that places an XRP-ecosystem asset inside the settlement plumbing of one of the world’s dominant payment networks. Stablecoins matter here because they are the cash leg of on-chain settlement.

When a tokenized Treasury changes hands, the payment side needs a stable, on-chain dollar, and RLUSD’s growth and its Mastercard integration give the XRP ecosystem a credible answer to that need. The asset side and the cash side of on-chain settlement are both being built around XRP-linked infrastructure.

RLUSD distribution is also widening beyond the institutional plumbing. The stablecoin is now live on Gate, with XRP and RLUSD spot trading pairs available, adding another liquidity venue for the ecosystem.

Taken together, the picture is of an ecosystem positioning itself as institutional settlement infrastructure across multiple dimensions: the XRP Ledger for settling tokenized assets, RLUSD for the on-chain dollar leg, and Ripple pursuing the regulatory standing to operate inside the existing clearing system.

None of these pieces is speculative in the way the token’s price action is; they are concrete integrations with named institutions. What unites them is that they are all, to varying degrees, waiting on the same thing the tokenized-Treasury settlement is waiting on: a legal framework that lets institutional on-chain settlement scale.

The infrastructure is being assembled ahead of the law, in anticipation of it, which is what makes the legislative question so central to the whole thesis.

Why this matters more than the price Most XRP conversation is about price and ETFs and short-term catalysts, but the settlement story is the one that matters for the long-term thesis, and it deserves to be separated from the noise.

If XRP becomes a meaningful rail for institutional settlement, its value would come from utility, from being truly useful infrastructure that institutions rely on to move trillions of dollars, instead of from speculation about the next regulatory headline. That is a fundamentally different and more durable basis for value than trading sentiment.

The tokenized-Treasury settlement, the $3.5 billion in real-world assets on the ledger, and the RLUSD integration with Mastercard are evidence that the utility case is not hypothetical but already in motion. It is constrained only by the legal certainty that CLARITY would provide.

An investor focused only on XRP’s price chart is watching the wrong variable. The variable that matters for the long-term thesis is whether this institutional settlement infrastructure scales, and that depends on the law.

That is separate from the price side of the same CLARITY catalyst, where ETF flows and classification certainty can move the token before the settlement thesis fully matures.

The caveat worth stating is that the legal certainty is not guaranteed and the timeline is uncertain. CLARITY has advanced but not passed, and its fate is truly contested, which means the catalyst that would unlock scaled settlement could arrive soon, could be delayed for years, or could fail.

That is the legislative risk to the thesis. The institutional infrastructure being built around XRP is real, but its payoff is gated by a legislative process that nobody controls, and an investor counting on the settlement thesis is, in part, betting on a bill.

That is the central uncertainty: the technology works, the institutions are interested, the infrastructure is being built, and all of it waits on a law that has not yet been written. The settlement story is the strongest long-term case for XRP, and it is also a case that depends on a variable outside the technology’s control.

What it means for investors For anyone weighing XRP, the settlement thesis reframes what the asset actually is and what to watch.

XRP is not only a token that trades on regulatory headlines. It is the native asset of a ledger that the largest institutions in finance are already using to settle tokenized real-world assets, with a stablecoin and a regulatory build-out positioning the ecosystem as institutional settlement infrastructure.

The investor who understands this watches different signals than the trader fixated on price: the growth of tokenized assets on the ledger, new institutional pilots and integrations, the progress of RLUSD, and above all the legislative path of CLARITY. That law is the gate between the current pilot phase and scaled adoption.

The settlement story is the reason to take XRP seriously as a long-term infrastructure bet, not only a speculative token. It also fits the long-term outlook for XRP, where adoption, regulation, RLUSD, and tokenized assets all matter more than a single chart setup.

Holding the realism alongside the thesis matters. The infrastructure is real and already in use, which is strongly bullish for the long-term case, but the scaling depends on legal certainty that has not arrived and may be delayed.

The token’s price in the meantime will keep trading on the same sentiment and macro forces that move all of crypto, disconnected from the slow institutional build-out underneath. An investor should separate the durable thesis, XRP as settlement infrastructure, from the short-term price action, and recognize that the thesis pays off only if the law catches up to the technology.

None of this is investment advice; it is a frame for seeing what XRP is actually doing beneath the price.

The technology is ready. The law is the question. One fact about XRP in 2026 outranks the rest, and it is the one that gets the least attention: the largest institutions in finance are already settling tokenized US Treasuries on its ledger, the technology works, and more than $3.5 billion in real-world assets are already on-chain.

The plumbing for the future of settlement is not a someday promise. It is running now, in pilots, with names like JPMorgan and Mastercard.

What holds it back is not capability but law. The May settlement happened in a legal gray area because no statute defines on-chain settlement, and that gray area is the wall between cautious pilots and the trillions of dollars that institutions could eventually move on these rails.

The CLARITY Act is the bill that would take down that wall, providing the legal framework that lets working technology become scaled infrastructure. The technology is ready.

The institutions are interested. The infrastructure is being built.

The only thing standing between XRP and a role at the center of institutional settlement is a law that has not yet been written, and that, far more than any price target, is the question that will decide whether XRP becomes the settlement rail it is already being tested as. The plumbing is laid. The law just has to catch up.

Frequently asked questions Is XRP really being used to settle US Treasuries? Yes. In May 2026, JPMorgan, Mastercard, and Ondo Finance completed a tokenized US Treasury settlement on the XRP Ledger. The XRP Ledger also hosts more than $3.5 billion in tokenized real-world assets. These are genuine institutional uses of the ledger for settling tokenized securities, not retail speculation, though they currently operate as pilots rather than scaled deployments because the legal framework for on-chain settlement is not yet defined.

Why is the law the bottleneck rather than the technology? The technology already works, as the May Treasury settlement showed, but no US statute defines the rules for settling tokenized real-world assets on a public blockchain. That leaves the legal status, responsibility, and regulatory treatment undefined. Institutions can run careful pilots in this gray area but cannot move core settlement operations, worth trillions, into a space where the legal treatment is unclear. The bottleneck is legal certainty, not capability.

How would the CLARITY Act change things for XRP? The CLARITY Act would set up a federal framework for digital assets, including the statutory basis for how tokenized assets and on-chain settlement are treated under US law. That would replace today’s legal gray area with defined rules, giving institutions the legal foundation to move tokenized settlement from pilots toward scaled deployment. It does not build technology, which already works, but removes the legal barrier confining it to experiments.

What is RLUSD and how does it fit in? RLUSD is Ripple’s dollar-backed stablecoin, which has grown to roughly $1.7 billion in market capitalization and is live across more than 40 networks. In June 2026, Mastercard added it to its around-the-clock on-chain settlement network. RLUSD matters because stablecoins are the cash leg of on-chain settlement. When a tokenized asset changes hands, the payment side needs a stable on-chain dollar, and RLUSD gives the XRP ecosystem an answer to that need.

Why does the settlement story matter more than XRP’s price? If XRP becomes a meaningful rail for institutional settlement, its value would derive from genuine utility, being infrastructure institutions rely on to move trillions, instead of from speculation on regulatory headlines. That would be a more durable basis for value. The tokenized-Treasury settlement, the assets on the ledger, and the RLUSD integration show the utility case is already in motion, constrained only by the legal certainty CLARITY would provide. The settlement thesis is the long-term case; the price is short-term noise by comparison.

What is the main risk to the XRP settlement thesis? The legal certainty is not guaranteed and the timeline is uncertain. The CLARITY Act has advanced but not passed, and its fate is truly contested, so the catalyst that would unlock scaled settlement could arrive soon, be delayed for years, or fail. The institutional infrastructure around XRP is real, but its payoff is gated by a legislative process nobody controls. The technology works and institutions are interested, but the thesis depends on a law that has not yet been written.

As of June 18, 2026. Cryptocurrency markets and legislation are subject to change; verify current details before relying on this analysis. This article is information, not investment advice.

 MEXC, a pioneer in 0-fee digital asset trading, has listed nine Ondo tokenized stock trading pairs on the Spot markets, giving users on-chain access to real-world equity exposure across key technology sectors including AI, semiconductors, and optical communications.

MEXC listed Ondo tokenized stock trading pairs across some of the most closely watched names in U.S. equity markets. The selection includes Cerebras Systems in AI inference hardware, Corning, Lumentum Holdings, and Applied Optoelectronics in optical communications infrastructure, and United Microelectronics and Amkor Technology in semiconductor manufacturing and packaging. Dell Technologies, Nokia, and Planet Labs complete the lineup across enterprise technology, telecommunications, and satellite data. Full listing details are available on the MEXC announcement page.

This listing builds on MEXC’s ongoing collaboration with Ondo Finance, further expanding the range of tokenized real-world assets available on the platform. The tokens’ underlying assets are securely held in custody by licensed broker-dealers. They are freely transferable and DeFi-compatible, unconstrained by the geographical restrictions and trading hours of traditional markets. Additionally, dividends are automatically reinvested after tax, providing users with an additional source of investment return. 

MEXC will continue to expand access to the world’s most sought-after assets, delivering on its mission to connect users worldwide with infinite investment opportunities.

About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜X ｜Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: [email protected]

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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Data from rwa.xyz shows that stablecoin transfer activity on the XRP Ledger (XRPL) has reached $5.11 billion over the past 30 days.

Notably, this represents a 22.84% increase compared to the previous month. The rise points to stronger on-chain liquidity and also suggests growing use of tokenized cash-like assets across the XRPL ecosystem.

Ondo Fund Becomes Second-Largest Tokenized Asset on XRPL The same dataset indicates that the Ondo Short-Term U.S. Government Bond Fund is now the second-largest tokenized fund on XRPL.

It is only behind RLUSD-related flows in size and activity. The fund recorded about $259.6 million in transfers during the period, signaling rising institutional interest in on-chain tokenized U.S. Treasury exposure.

Source: https://app.rwa.xyz/networks/xrp-ledger The trend suggests that tokenized real-world assets (RWAs) are gaining a more visible role within the XRPL ecosystem.

XRPL Shows $3.66B in Off-Chain RWA Pipeline Meanwhile, additional data from rwa.xyz reveals that XRP Ledger currently has about $3.66 billion in real-world assets represented off-chain. For comparison, Stellar holds around $79.35 million in similar represented value.

This suggests that XRPL has secured significant institutional commitments in recent months.

Some supporters believe this off-chain pipeline could begin moving on-chain more rapidly as XRPL infrastructure improves. Key upgrades often cited include:

Confidential transactions XLS-66 lending functionality Expansion of RLUSD across multiple chains The argument is that the $3.66 billion in represented assets may not enter the system gradually. Instead, it could move in larger waves once tokenization rails and institutional integrations mature.

XRPL Leads RWA Tokenization With $1.9B Inflows XRPL’s growing momentum is further strengthened by recent data showing that it recorded the highest net RWA inflows across major blockchains over the past 90 days.

Data from the RWA Foundation confirmed that XRPL attracted $1.9 billion in net RWA inflows (excluding stablecoins), ahead of Ethereum’s $1.6 billion and Stellar’s $1.4 billion.

Moreover, Messari’s Q1 2026 report shows XRPL’s RWA market cap surged 124.1% quarter-over-quarter to $2.25 billion, ranking it seventh globally at the time before rising to fourth. Distributed RWAs on XRPL also climbed to $451.1 million, up 35.6% quarter-over-quarter.

Evernorth data shows XRPL scaled from $10 million to $400 million in tokenized RWAs in ~15 months, compared to ~36 months for Ethereum. Year-to-date growth also favors XRPL, up 78% versus Ethereum’s 36%.

Overall, inflows and adoption trends suggest XRP Ledger is becoming one of the fastest-growing hubs for tokenized real-world assets.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

ONDO: Ondo Tokenized Stocks Are Live on LI.FI

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

5 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

5 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

5 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

5 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

5 hours ago

A redemption that used to take days cleared in about five seconds. The names in the room matter more than the speed, and the question for XRP holders is where the token actually sits in the flow.

Summary

JPMorgan, Mastercard, Ondo, and Ripple tested tokenized Treasury redemption on the XRP Ledger. The settlement speed matters, but the institutional names matter more. XRP was not the asset being redeemed, but it can sit in fees, reserves, and routing. The long-term signal is utility; the near-term question is whether volume follows. On June 12, JPMorgan, Mastercard, Ondo Finance, and Ripple completed a test that moved a tokenized United States Treasury through a full redemption on the XRP Ledger. The settlement finished in roughly five seconds.

The same operation on traditional rails takes three to five business days. crypto.news shared the result the day it happened, and within hours the XRP community had folded it into the familiar story: another institution, another marquee logo, another reason the token should be worth more than it is.

NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4

— crypto.news (@cryptodotnews) June 12, 2026 The speed is real and the participants are real. What deserves a closer look is the part the headlines skip, which is the exact role XRP the asset plays when a tokenized Treasury changes hands on its ledger.

That answer is more interesting than a simple win or loss. It sets the boundary on how much a holder should read into the news.

What actually happened on June 12 Strip the announcement down to its parts and the test looks like this. Ondo Finance issued a tokenized version of a short-dated United States Treasury instrument, the kind of product that wraps a real government bond into an on-chain token that pays the yield of the underlying paper.

Mastercard provided the link between the regulated money layer and the chain through its Multi-Token Network, the rails it has been building to let banks move tokenized deposits and settle against tokenized assets. JPMorgan brought its institutional settlement infrastructure to the bank side of the trade.

Ripple supplied the ledger and the surrounding tooling that let the redemption clear on the XRP Ledger instead of on a private bank network.

A redemption is the moment a holder hands the token back and receives cash value in return. In the legacy world, that round trip crawls through custodians, transfer agents, and settlement windows that only open on business days.

The test compressed that into a single near-instant on-chain event, with the cash leg and the asset leg settling together instead of days apart. Atomic settlement, where both sides of a trade move or neither does, removes the gap during which one party holds an asset and waits to be paid.

That gap is where counterparty risk lives, and closing it is the entire point of putting this kind of asset on a fast public ledger. So the result is a working proof that a tokenized Treasury can be issued, held, and redeemed across a chain that major financial firms were willing to touch.

That is not nothing. It is also not the same thing as production volume, and the difference is where careful readers should slow down.

The logos are the story, up to a point Each name on the June 12 test carries weight, and the weight is worth spelling out because the market tends to treat any JPMorgan headline as a verdict.

JPMorgan has spent years building Kinexys, formerly Onyx, its blockchain settlement arm that already moves large daily volumes in tokenized deposits. When a bank of that size agrees to run a redemption across the XRP Ledger, even as a test, it signals that the ledger met its internal bar for security and controls.

Mastercard has been pushing its Multi-Token Network as the connective tissue between banks and tokenized assets, and its presence shows the test was built to plug into existing card-network plumbing instead of standing alone as a crypto experiment. Ondo is one of the larger issuers of tokenized Treasuries, and its OUSG product has become a reference point for the whole real-world-asset category.

Ripple sat at the center as the ledger host and the firm whose institutional features made the settlement possible. Put together, the group reads as a deliberate signal that tokenized Treasuries can settle on the XRP Ledger with names that compliance departments recognize.

JPMorgan, Mastercard, Ondo Finance and Ripple just completed something quietly historic.

The first cross-border tokenized US Treasury redemption on the XRP Ledger.

Cleared in under 5 seconds.

Traditional settlement for this kind of transaction takes days.

Tokenized assets… pic.twitter.com/9uk5akaVRf

— Rose (@Rose09202) June 21, 2026 The temptation is to draw a straight line from that signal to the XRP price. Before drawing it, look at what moved through the transaction and what did not.

Why tokenized Treasuries are the wedge asset It is no accident that the test used a Treasury and not some exotic instrument. Among all the assets the industry has tried to move on-chain, short-dated government debt has become the wedge that opens the institutional door, and the reasons say a lot about why June 12 happened at all.

A Treasury bill is the simplest large asset to tokenize honestly. It has a known issuer, a known maturity, a yield that is easy to verify, and a price that barely moves day to day.

There is little argument about what it is worth, which means a token wrapped around it can be marked with confidence and redeemed without disputes. Compare that to tokenized real estate or private credit, where valuation is slow, subjective, and easy to challenge, and the appeal of starting with Treasuries becomes obvious.

The asset removes the hardest problem in tokenization, which is agreeing on value, so the experiment can focus on the plumbing. That is why tokenization as the real story keeps coming back to Treasuries: they are liquid, familiar, yield-bearing, and easy for institutions to understand.

The demand is also concrete. Crypto firms, trading desks, and treasuries sit on large idle dollar balances, often parked in stablecoins that pay them nothing.

A tokenized Treasury lets that cash earn the yield of real government paper while staying on-chain, available to move at any hour without leaving for the banking system. That single feature, on-chain dollars that earn a real yield, has turned tokenized Treasuries into one of the fastest-growing corners of the whole digital-asset market.

Ondo’s OUSG and a handful of competitors have pulled in billions because they answer a question every on-chain treasurer has, which is how to stop leaving money on the table.

So when Ripple wanted to prove the XRP Ledger could host serious institutional settlement, the Treasury was the natural choice. It is the asset most likely to move in real size, the one institutions most want on-chain, and the one with the fewest excuses for the test to fail.

Winning the Treasury-settlement business is the beachhead. Everything heavier, corporate bonds, funds, structured credit, follows the rail that first proves itself on the simple asset.

Where XRP actually sits in the transaction Here is the part that gets lost. In the June 12 flow, the asset being moved was a tokenized Treasury. The cash leg most likely settled in a stablecoin or a tokenized deposit.

XRP, the native token of the ledger, was not the thing being bought, sold, or redeemed.

That sounds like bad news for the holder thesis, and read too quickly it would be. The reality is more layered.

XRP touches a settlement like this in three indirect ways, and each one is small per transaction but structural across millions of them.

First, every transaction on the XRP Ledger burns a tiny amount of XRP as a fee. The amounts are fractions of a cent, designed to stop spam, not to enrich anyone.

As transaction count rises, the burn rises with it, which slowly removes XRP from supply. Second, accounts and certain ledger objects require a reserve denominated in XRP, so a ledger that hosts more institutional activity locks up more XRP in reserves.

Third, and most important over time, XRP can serve as the auto-bridge asset when one currency or token needs to move into another inside the ledger’s exchange. In a redemption that converts a tokenized Treasury back into a chosen settlement currency, XRP can sit in the middle as the routing asset that connects the two sides.

While the market obsesses over price action, XRPL just processed another milestone settlement blending JPMorgan, Mastercard, and Ondo Finance rails.

This cross-border tokenized Treasury redemption cleared on XRPL in under five seconds using RLUSD as the settlement asset and a… pic.twitter.com/eDw8SQm88z

— documenting XRP (@documentingXRPP) June 21, 2026 None of those roles require XRP to be the headline asset in the trade. All three grow with usage, not with hype.

That is the honest frame: the June 12 test does not put XRP at the center of the transaction, but it does feed the machinery where XRP earns its keep. Whether that machinery turns fast enough to matter for price is a separate question, and the search history of XRP suggests patience is warranted.

This is also what the tokenized Treasury settlement means for XRP: the ledger can win serious institutional use before the token captures meaningful demand. The two are connected, but not identical.

The ledger features that made it possible A redemption like this could not have run on the XRP Ledger of a few years ago. The capability is new, and it comes from a stack of institutional features Ripple and the wider XRPL developer community shipped across 2025 and into 2026.

Multi-Purpose Tokens, the MPT standard, let a token carry the metadata that a real financial instrument needs, things like maturity dates, transfer restrictions, and tranche information, without forcing developers to bolt on fragile smart contracts. Permissioned Domains and a permissioned version of the ledger’s decentralized exchange let regulated participants trade in gated environments where access depends on credentials such as know-your-customer checks.

RLUSD, Ripple’s dollar stablecoin, now settles on the ledger and gives institutions a compliant cash leg that lives on the same rail as the asset. The escrow feature was extended to support third-party tokens like RLUSD, which matters for structured settlement.

Layer the XLS-66 lending protocol on top, with its single-asset vaults that isolate credit risk one asset at a time, and the ledger starts to look less like a payments network and more like a settlement venue with a credit layer attached. The June 12 test is the visible output of that quieter build.

The features were the precondition. The redemption was the demonstration that they hold together under the eyes of firms that do not lend their names casually.

The competition for the same settlement business The XRP Ledger is not the only chain courting this work, and the contest for institutional settlement is the backdrop that gives June 12 its real stakes.

Ethereum sits at the center of the tokenized-asset world today. Most tokenized Treasuries, including the largest funds from the biggest asset managers, launched on Ethereum or its layer-2 networks, where the deepest pool of developers and the most established custody and compliance tooling already live.

An institution choosing where to settle starts from a world in which Ethereum is the default, and the burden falls on every other chain to give a reason to look elsewhere. Solana has pushed hard on speed and cost and has won its own share of tokenization projects and corporate interest.

On top of the public chains, the banks are building private ones. JPMorgan’s own settlement network already moves enormous daily volumes inside a permissioned environment the bank controls end to end.

Against that field, the XRP Ledger’s pitch is specific. It offers settlement built for payments from the start, with the institutional features, the MPT standard, permissioned trading, credentials, baked into the base layer instead of bolted on through smart contracts that have to be audited one project at a time.

The argument is that a purpose-built settlement ledger carries less risk surface than a general-purpose smart-contract chain, because there is less custom code between an institution and a completed trade. June 12 is Ripple making that argument in public with partners who could have run the same test anywhere.

This is why the names matter more than the speed. Five-second settlement is achievable on several chains.

What the XRP Ledger needed to prove was that firms like JPMorgan and Mastercard would choose it for a real institutional flow when they had every other option available. The test does not win the war.

It wins the right to be in the room for the next one, which for a chain competing against Ethereum’s incumbency is the harder thing to secure.

Following one tokenized Treasury through the flow Abstractions blur the stakes, so trace a single unit through the kind of cycle the test modeled.

Start with a short-dated United States Treasury bill sitting in a custodian’s account. Ondo, or an issuer like it, holds that bill and mints an on-chain token against it.

The token represents a claim on the bill and the yield it throws off. Call it one unit of a tokenized Treasury, and place it in the wallet of an institutional holder who wants short-term dollar yield without leaving the chain.

For weeks, the holder simply holds. The token accrues the bill’s yield.

When the holder decides to exit, the redemption begins. The holder submits the token back toward the issuer through the settlement arrangement that JPMorgan and Mastercard stand behind.

On the ledger, the asset leg and the cash leg are matched so they settle as one event. The token is retired.

A settlement currency, most likely RLUSD or a tokenized deposit, lands in the holder’s wallet in return. The fee for the ledger transactions is paid in XRP and burned.

If the chosen settlement currency differs from the currency the token was priced in, the ledger’s exchange can route through XRP as the bridge to complete the swap. Total elapsed time: around five seconds.

Compare that to the legacy path, where the same redemption would route through a transfer agent, wait for a settlement window, and clear across three to five business days while both sides carry risk. The end state is identical.

The holder is out of the Treasury and into cash. The path is what changed, and the path is the product.

Notice where XRP appeared in that walk. It paid the fee. It may have bridged the currencies. It backed the account reserves.

It was never the asset the holder set out to trade. That is the shape of XRP’s role in institutional settlement, and it explains why utility can climb for years while the token price moves sideways.

What institutions actually buy beyond the five seconds The speed grabs the headline, but settlement time is not the only thing an institution gains, and the other gains explain why firms keep running these tests even when the token economics do not concern them.

The first gain is capital efficiency. In the legacy model, the days between trade and settlement are days during which capital sits frozen, posted as margin or held in reserve against the risk that the other side fails to deliver.

Collapse settlement to seconds and that frozen capital comes free, available to be deployed elsewhere. For a large trading desk, the value of unlocking capital that used to sit idle for three days at a time runs into real money across a year of activity.

The second gain is around-the-clock operation. Traditional settlement runs on banking hours and business days, so a Friday trade waits through the weekend.

An on-chain ledger settles at any hour, which matters more every year as markets globalize and the line between trading days blurs. The third gain is collateral mobility.

A tokenized Treasury that settles instantly can be moved, pledged, or redeemed the moment it is needed, which lets the same asset work harder as collateral across more uses.

These are the reasons a JPMorgan or a Mastercard cares about the test, and none of them depend on XRP the token doing anything. The institution is buying a better settlement process.

XRP earns its small dues in the background. Keeping those two things separate is the key to reading any announcement like this one without mistaking institutional interest in the ledger for institutional demand for the token.

The first is clearly growing. The second has to be inferred from on-chain flow, and the inference is where most of the disappointment in XRP’s price history has come from.

That is why Ripple’s IPO and XRP holders is part of the same broader lesson. Ripple’s success, XRPL adoption, and XRP holder value are related, but they do not automatically collapse into the same thing.

Does settlement volume reach the price? This is the question every holder actually wants answered, and it deserves a straight treatment, not a number pulled from the air.

The bullish case runs through the indirect roles. If tokenized Treasuries and similar real-world assets move onto the XRP Ledger in size, transaction counts climb, fee burn climbs, reserves lock up more supply, and bridge routing pulls XRP into more flows.

Demand for the token then rises from use instead of from speculation, and demand that comes from use tends to be stickier. Ripple has framed exactly this flywheel in its institutional materials, and the logic holds on its own terms.

The sober case sits in the math. Fee burn on the XRP Ledger is deliberately tiny.

Even a large jump in institutional transactions removes a small fraction of supply against the tens of billions of XRP already in circulation and the monthly escrow releases that add to it. Bridge routing only pulls in XRP when a trade actually needs a currency conversion that the ledger chooses to route through XRP, and many institutional flows will settle stablecoin to stablecoin without ever touching the token.

Reserves lock supply but do not create buy pressure on their own. There is a supply side to weigh as well, and it cuts against the burn story in the near term.

Ripple releases up to one billion XRP from escrow at the start of each month, then re-locks most of it, but the net new supply that reaches the market still runs into the hundreds of millions of tokens monthly. For fee burn from institutional settlement to tighten supply in any meaningful way, the volume would have to grow large enough to offset that steady release, which is a high bar at current transaction levels.

A holder who pins hopes on burn alone is betting that on-chain activity climbs by orders of magnitude while the escrow schedule keeps running on its long-set path. That can happen over years. It does not happen because of one test.

The careful reading is that the June 12 test strengthens the long-term utility argument and does little for the short-term price argument. XRP spent most of 2026 trading near or below the one-dollar-and-change range while news exactly like this piled up, which is the market telling you that proofs of concept are priced as proofs of concept until volume follows.

A settlement test is a door opening. Walking through it at scale is a different event, and the token tends to wait for the second one.

What has to be true for this to matter For the June 12 result to move from interesting to important, a few things need to happen, and naming them gives a holder a watchlist instead of a hope.

Production volume has to follow the test. One redemption proves the plumbing.

Recurring institutional flow, measured in real daily value rather than pilot transactions, is what feeds the burn-and-bridge machinery. Regulatory clarity has to land, because the CLARITY Act and the broader United States market-structure framework decide how freely regulated institutions can settle tokenized assets on public ledgers.

Until the rules set, much of this activity stays in the test-and-pilot stage where the June 12 work lives. That is why CLARITY’s XRP classification question matters: the technology can be ready before the legal framework gives the rest of Wall Street permission to use it.

Competing venues have to be held off, since Ethereum, Solana, and a wave of bank-built private chains are chasing the same tokenized-asset settlement business, and the XRP Ledger has to keep winning the names that make compliance teams comfortable.

If those line up, the indirect demand argument gets a real chance to show up in on-chain data, and from there in price. If they stall, June 12 joins the long list of XRP headlines that read well and changed little.

The token has taught its holders that lesson more than once. That is also why institutional positioning in XRP matters as a separate signal: ETFs show who wants exposure, while settlement flows show whether utility is becoming demand.

Reading the signal without inflating it The clean takeaway is that Ripple, with JPMorgan, Mastercard, and Ondo alongside it, proved that a tokenized Treasury can be issued and redeemed on the XRP Ledger in seconds, with names that the institutional world takes seriously.

That is a meaningful step for the ledger as a settlement venue. For XRP the asset, it is a vote for the long-term utility thesis and a weak input to the near-term price, because the token sits in the fees, the reserves, and the bridge rather than at the center of the trade.

A holder who understands that distinction will not oversell the day and will not dismiss it either. The machinery that pays XRP its small, repeated dues got a high-profile workout.

Now the only thing that turns that into price is the boring part, which is volume that shows up and keeps showing up. Watch the on-chain flow, watch the rules, and let the token follow the usage instead of the logos.

This article is information, not investment advice. Figures and partnership details reflect reporting available as of June 23, 2026, and corporate plans, test results, and market conditions can change.

Ondo [ONDO] continued trading inside a descending channel after its failed breakout near $0.39.

Since then, the altcoin has printed lower lows, falling to $0.3107. Even so, the Ondo Finance team carried out another monthly token transfer, drawing fresh attention from traders.

Why are traders watching these transfers? According to Arkham data, the team’s multisig wallet transferred 150 million ONDO tokens to a new address. The transfer was valued at $49.56 million.

Source: Arkham Previous transfers followed a similar pattern. Once moved, the tokens eventually landed on Coinbase.

Over recent weeks, the team has also deposited large ONDO batches into exchanges. A week ago, for example, the team’s wallet deposited 46.06 million tokens worth $16.78 million.

Those deposits came from an earlier transfer. As a result, traders may view the latest movement as a sign of possible future exchange inflows.

If these tokens reach exchanges while the altcoin remains weak, the added supply could weigh on price action.

Are investors still buying ONDO? Even so, demand has remained relatively strong. On the Spot market, ONDO recorded negative Netflows over the past seven days.

Source: CoinGlass More than $80 million worth of ONDO flowed out of exchanges during this period. Although inflows also reached $80 million, outflows slightly exceeded them. This resulted in Netflows of -$115,000.

Negative Netflows usually suggest investors are moving tokens away from exchanges. That can point to accumulation rather than immediate sell pressure.

On top of that, speculative activity also increased.

According to DefiLlama data, Perps Volume rose from $29 million to $77 million over three days.

Source: DefiLlama The rise suggested traders remained active despite the altcoin’s weak price action.

Together, Netflows and Perps Volume showed that interest in ONDO had not disappeared.

Can the trend reverse? Despite stronger participation, ONDO continued trading inside a descending channel. That kept the broader market structure weak.

In fact, the ADX-DI indicators showed strong downside momentum, while upside momentum remained subdued.

Source: TradingView This suggested sellers still controlled the trend.

If current conditions persist, the altcoin could lose the $0.30 support and drop toward $0.27. However, sustained demand could help stabilize price action.

For a stronger recovery, ONDO must reclaim and close above $0.36. This level previously acted as support.

Final Summary The Ondo Finance team transferred 150 million ONDO worth $49.56 million. The altcoin needs a close above $0.36 to improve its setup.

Ondo Tokenized Stocks has expanded the reach of tokenized US stocks and exchange-traded funds (ETFs) through a new integration with LI.FI, allowing greater access to these assets on the blockchain. The integration is now live on both Ethereum and BNB Chain, with support for Solana expected to follow in later stages.

Wider reach for tokenized assetsWith this latest development, more than 438 tokenized US stocks and ETFs have become accessible via one of the most widely used cross-chain transaction infrastructures in the crypto sector. This move has broadened the audience for Ondo’s blockchain-based financial products, opening them up to a larger user base.

The integration allows users to access traditional market assets on-chain directly from their preferred crypto applications, without having to leave those platforms. This convenience is expected to further drive adoption and demand for tokenized securities among investors.

Direct access through the LI.FI ecosystemOver 1,000 partners within the LI.FI ecosystem now have direct access to tokenized products offered by Ondo Global Markets. Among the available assets are major US stocks such as Tesla, NVIDIA, and Apple, as well as widely followed ETFs like QQQ and SPY.

Glossary: An ETF is an exchange-traded fund that tracks an index or group of assets and is traded on stock exchanges. QQQ is one of the most well-known ETFs tracking the Nasdaq 100 index, while SPY tracks the S&P 500 index.

LI.FI serves as an execution infrastructure that facilitates both on-chain and cross-chain asset transfers. Rather than requiring users to select the technical route for their transactions, the system lets them define their desired outcome and relies on professional solution providers within the network to execute the process seamlessly.

With this integration, more than 438 tokenized US stocks and ETFs have become available to a wider user base through Ethereum and BNB Chain.

Transaction volume and custody structureAccording to the shared data, LI.FI has managed a trading volume exceeding $80 billion through more than 100 million transactions so far. The platform also provides its infrastructure services to several leading crypto exchanges and wallets in the industry.

Ondo Tokenized Stocks converts US securities into tokens that are fully backed by the underlying assets. These tokenized securities are held with one or more US-based brokerages and are subject to daily verification protocols. The platform also incorporates investor protection measures specifically designed for institutional participants.

Full backing of tokenized assets by the underlying securities and a daily verification process are highlighted as core structural features of the platform.

Impressive growth metricsAs of September 2025, the total value of tokens issued on the platform has surpassed $1 billion. The number of token holders has climbed into the tens of thousands, and the cumulative transaction volume has exceeded $20 billion.

The collaboration with LI.FI has increased the visibility of Ondo Tokenized Stocks in a variety of markets, underlining the continuing demand to bring financial assets onto the blockchain.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Table of contents

A peer-reviewed paper accepted to the 6th International Artificial Intelligence and Blockchain Conference (AIBC 2025) argues that idle consumer GPUs, exemplified by Nvidia’s RTX 4090, can meaningfully reduce the cost of running large language model inference when used alongside traditional datacenter hardware.

Titled Idle Consumer GPUs as a Complement to Enterprise Hardware for LLM Inference, the study from io.net is the first to publish open benchmarks of heterogeneous GPU clusters on the project’s decentralized cloud. The analysis compares clusters of consumer cards against datacenter-grade H100 accelerators and finds a clear cost-performance tradeoff that could reshape how organizations design their inference fleets.

According to the paper, clusters built from RTX 4090 GPUs can deliver between 62 and 78 percent of the throughput of H100s while operating at roughly half the cost. For batch workloads or latency-tolerant applications, token costs fall by as much as 75 percent. The researchers underscore that these savings are most compelling when developers can tolerate higher tail latencies or use consumer hardware for overflow and background tasks such as development, batch processing, embeddings generation and large-scale evaluation sweeps.

Aline Almeida, Head of Research at IOG Foundation and Lead Author of the study, said, “Our findings demonstrate that hybrid routing across enterprise and consumer GPUs offers a pragmatic balance between performance, cost and sustainability. Rather than a binary choice, heterogeneous infrastructure allows organizations to optimize for their specific latency and budget requirements while reducing carbon impact.”

Hybrid GPU Fleets The paper does not shy away from H100s’ strengths: Nvidia’s datacenter cards sustain sub-55 millisecond P99 time-to-first-token performance even at high load, a boundary that keeps them indispensable for real-time, latency-sensitive applications such as production chatbots and interactive agents. Consumer GPU clusters, by contrast, are better suited to traffic that can tolerate extended tail latencies; the authors point to a 200–500 ms P99 window as realistic for many research and dev/test workloads.

Energy and sustainability are also part of the calculus. While H100s remain roughly 3.1 times more energy-efficient per token, the study suggests that harnessing idle consumer GPUs can lower the embodied carbon footprint of compute by prolonging hardware lifetimes and leveraging grids that are rich in renewable generation. In short, a mixed fleet can be both cheaper and greener when deployed strategically.

Gaurav Sharma, CEO of io.net, said, “This peer-reviewed analysis validates the core thesis behind io.net: that the future of compute will be distributed, heterogeneous, and accessible. By harnessing both datacenter-grade and consumer hardware, we can democratize access to advanced AI infrastructure while making it more sustainable.”

Practical guidance from the paper is aimed squarely at MLOps teams and AI developers. The authors recommend using enterprise GPUs for real-time, low-latency routing while routing development, experimentation and bulk workloads to consumer clusters. They report an operational sweet spot in which four-card RTX 4090 configurations hit the best cost per million tokens, between $0.111 and $0.149, while delivering a substantial portion of H100 performance.

Beyond the benchmarks, the research reinforces io.net’s mission to expand compute by stitching together distributed GPUs into a programmable, on-demand pool. The company positions its stack, combining io.cloud’s programmable infrastructure with io.intelligence’s API toolkit, as a full solution for startups that need training, agent execution and large-scale inference without the capital intensity of buying solely datacenter hardware.

The full benchmarks and methodology are available on io.net’s GitHub repository for those who want to dig into the numbers and reproduce the experiments. The study adds an important, empirically grounded voice to the debate about how to scale LLM deployments affordably and sustainably in the years ahead.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

IO: How Leonardo.Ai Scaled from 14K to 19M Users While Cutting GPU Costs by 50%+ with io.net

IO: io.net Launches the First Adaptive Economic Engine for Decentralized Compute

NVIDIA has agreed to pay approximately $20 billion to acquire assets from artificial intelligence chip startup Groq, marking the company’s largest transaction on record and continuing its strategy of absorbing potential competitors before they can challenge its market dominance.

The chipmaker’s latest licensing deal mirrors a similar transaction just three months ago, reinforcing the narrative that decentralized AI infrastructure may offer the only alternative to Nvidia’s growing dominance.

Threefold Premium in Three Months with Trump Jr. ConnectionThe deal closed just three months after Groq raised $750 million at a $6.9 billion valuation—a round that included BlackRock, Samsung, Cisco, and 1789 Capital, where Donald Trump Jr. serves as a partner. Nvidia is acquiring all of the company’s assets substantially, except its cloud computing business, though Groq framed the transaction as a “non-exclusive licensing agreement.”

Groq CEO Jonathan Ross, a former Google engineer who helped create the search giant’s Tensor Processing Unit, will join Nvidia along with president Sunny Madra and other senior executives. The startup will continue operating independently under CFO Simon Edwards as its new chief executive.

A Repeating PlaybookThe Groq transaction follows a pattern Nvidia established just three months earlier. In September, the company paid over $900 million to hire Enfabrica’s CEO and employees while licensing the startup’s technology. Both deals use licensing structures rather than outright acquisitions, potentially avoiding the antitrust scrutiny that blocked Nvidia’s $40 billion bid for Arm Holdings in 2022.

The Kobeissi Letter summarized Nvidia’s approach bluntly: “We will buy you before you can compete with us.”

Technical Edge and Competitive PressureGroq’s Language Processing Unit uses on-chip SRAM rather than external DRAM, enabling what the company claims is up to 10x better energy efficiency. This architecture excels at real-time inference but limits model size—a tradeoff Nvidia can now explore within its broader ecosystem.

The timing is notable. Google recently unveiled its seventh-generation TPU, codenamed Ironwood, and released Gemini 3, trained entirely on TPUs, to top benchmark rankings. Nvidia responded on X: “We’re delighted by Google’s success… NVIDIA is a generation ahead of the industry—it’s the only platform that runs every AI model.” When incumbents start issuing such reassurance statements, competitive pressure is clearly mounting.

Implications for Decentralized AIWhile the deal has no direct impact on cryptocurrency markets, it reinforces the narrative driving decentralized AI computing projects. Platforms like io.net position themselves as alternatives to centralized AI infrastructure.

“People can put their own supply onto a network, whether that’s data centers or yourself with your laptop, contributing your available GPU power, and getting fairly compensated for it using tokenomics,” Jack Collier, io.net’s Chief Growth Officer, told BeInCrypto. The platform claims enterprise clients, including Leonardo.ai and UC Berkeley, have achieved significant cost savings.

However, the gap between narrative and reality remains wide. Nvidia’s acquisition of Groq’s low-latency technology further extends its technical lead, making it harder for any alternative to offer competitive performance.

The transaction also raises questions about independent AI chip development. Cerebras Systems, another Nvidia competitor preparing an IPO, may eventually face similar pressure. Whether it can remain independent or succumb to Nvidia’s financial gravity remains to be seen.

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Cryptocurrency prices remained on edge during the weekend as investors waited for the next catalyst. Bitcoin was trading at $66,800 on Sunday while most altcoins rose slightly. The market cap of all digital tokens remained at $2.6 trillion. This article will look at three cryptocurrencies like Poodlana, Mother Iggy, and Cat in a Dogs World.

Poodlana prediction Poodlana, an upcoming Solana meme coin, has continued thriving in its token sale. The developers have raised over $1.9 million in less than two weeks, making it one of the fastest-growing token sales in the industry. 

Poodlana aims to be a better and bigger version of a dog-themed token than popular tokens like Shiba Inu and Dogecoin. It is based on Poodle, a popular Japanese dog breed.

The developers have selected Solana, which has become the most popular blockchain for meme coin creators. They love it because it is a significantly faster network and that its transaction costs are lower than other blockchains.

Poodlana’s token sale will run for just 30 days and the token price will continue rising gradually. This means that people who buy the token early will get more than those who buy near the end of the sale.

Additionally, Poodlana token will start trading just 30 minutes after the token sale finishes. That will be a different situation than most token sales when they take weeks or months before starting to trade. 

Analysts we talked to believe that Poodlana token could rise after starting to trade in August. Most of this will depend on the overall market trends when this happens. If cryptocurrencies are rising, there are chances that the token will also follow the trend. You can buy the Poodlana token here.

Cat in a Dogs World (MEW) price forecast

The daily chart shows that the Cat in a Dogs World price has gone parabolic in the past few days. It has risen for four straight days, reaching its highest swing since April 24th. The token has recently crossed the important resistance point at $0.00064, its highest level on June 7th.

The MEW token has moved slightly above the 50-day moving average while the Relative Strength Index (RSI) has tilted upwards. History shows that such parabolic moves are followed by a big drop as profit-taking starts.

Therefore, there is a likelihood that the token will retreat and retest the crucial support level at $0.0060. 

Mother Iggy price forecast

The MOTHER token, which is being promoted by Rapper Iggy Azelia, went vertical on Sunday as demand for the token continued. It also rose as Azelia continued promoting it on social media platforms. 

https://x.com/IGGYAZALEA/status/1815105024462409925

On the four-hour chart, we see that the MOTHER token rose sharply as demand rose. It flipped the important resistance point at $0.047, its highest point on July 11th. The token has remained above the 50-period moving average. 

However, it has formed a standard doji pattern, which is a popular reversal sign. Therefore, the token will likely resume a bearish trend and then retest the key support at $0.050.

This Week in Meme Coins: MAGAA, MOTHER, and CWIF Lead Market Gains

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Justin Sun, the creator of the Tron blockchain and a cryptocurrency billionaire, seeks to make a collaboration with Australian rapper Iggy Azalea. The latter is associated with the Mother Iggy meme coin, ranking 594th on the CoinMarketCap list. Currently, it is trading at $0.0349.

They are currently discussing their potential collaboration on the X social media platform.

Iggy Azalea and Justin Sun making crypto plansIggy Azalea is the pseudonym of the Australian-born rapper, songwriter, and model, Amethyst Amelia Kelly, who became famous after releasing two songs on YouTube: “Pussy” and “Two Times.” She received public recognition for them after moving from Australia to the USA.

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Iggy Azalea launched a meme coin named after herself – Mother Iggy ($Mother). Earlier today, X user @bull_bnb, with nearly half a million followers and invested in Mother Iggy, suggested that Azalea and Justin Sun should start collaborating on some sort of cryptocurrency project.

The rapper responded: “Any ideas Justin?” A reply from Justin Sun came quickly, saying: “Let's do something together!”

So far, several U.S. rappers are known for launching their own NFT collections or turning their albums into non-fungible tokens. Perhaps Sun and Azalea will come up with something similar.

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Justin Sun burns $8 million in SUN tokensIn another tweet published today, Justin Sun proudly announced that a massive burn of SUN tokens, cumulatively worth $8 million, has been conducted, and another $4 million worth of SUN burn is coming soon to follow the first one.

The link that leads to a SunSwap page shows that this burn was performed after that staggering amount of SUN tokens was repurchased from the market.

SUN, named after its founder Justin Sun, obviously, was created and launched four years ago, designed to be a Bitcoin alternative. In 2021, the token’s price witnessed a major crash due to its excessive total supply of 19,900,730,000, with 9,951,640,722 SUN in circulation as of now. After that, Sun shifted his token toward the DeFi sphere.

Currently, SUN ranks 154th on CoinMarketCap with a market value of $275,851,255.

Sun repurchasing and burning SUN tokens is likely an attempt to reduce its supply.

Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, signaled interest in Australian rapper Iggy Azalea's memecoin Mother Iggy (MOTHER), owing to favorable macroeconomic conditions.

Since the announcement, the yen indeed fell from 142.50 to 144.18 as of this writing, while Bitcoin made steady advances. 

Hayes viewed this as an opportunity to trade ‘s**tcoins’ and made a cheeky reference to the popular rapper’s memecoin, asking, “Iggy Azalea, can you be my $MOTHER?

Hayes, one of the keen observers of the cryptocurrency market and the U.S. macroeconomy, holds about $28.63 million in digital assets, according to Arkham Intelligence.

See Also: Bitcoin’s Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against ‘Possible Future Events’ Affecting The Dollar

While concerns about celebrity-promoted cryptocurrencies and their short-lived hype have run rife, Azalea's token has found purpose in real-world applications.

Last week, the Grammy-nominated artist announced plans to launch an online casino called Motherland, which would utilize the MOTHER token.

Price Action: At the time of writing, MOTHER was exchanging hands at $0.0747, up 3.50% in the last 24 hours, according to data from CoinMarketCap.

Photo by Fernando Cortes on Shutterstock

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