Bitcoin Rally Is Fun, But Don't Overlook Rwas: Crypto Daybook Americas

What Happened

On Monday, Ondo Finance, one of the top five RWA projects by market value, announced the acquisition of Oasis Pro, a U.S. firm with full SEC broker-dealer, ATS, and Transfer Agent licenses.

The license allows Plume to manage digital securities and shareholder records directly onchain, supporting interoperability with the U.S. Depository Trust & Clearing Corporation (DTCC) settlement network. The network's native token (PLUME) rose by 25% to over 12 cents on the announcement.

Taken together, these announcements signal that the digitization and tokenization of traditional assets are gaining regulated traction, bridging the gap between traditional finance and blockchain innovation.

In other news, Cathie Wood’s ARK Venture Fund invested about $10 million in Securitize, a BlackRock-backed tokenization firm. The stake makes it ARK’s eighth-largest holding.

Nothing scheduled. MacroOct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live. Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live. Earnings (Estimates based on FactSet data)Nothing scheduled. Nothing scheduled. Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live. Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live. Token Events Governance votes & callsGnosis DAO is voting on GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends Oct. 7. UnlocksNo major unlocks. Token LaunchesOct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live. Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live. Earnings (Estimates based on FactSet data)Nothing scheduled. Nothing scheduled. Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live. Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live. Token Events Governance votes & callsGnosis DAO is voting on GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends Oct. 7. UnlocksNo major unlocks. Token LaunchesOct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

Nothing scheduled. Nothing scheduled. Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live. Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live. Token Events Governance votes & callsGnosis DAO is voting on GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends Oct. 7. UnlocksNo major unlocks. Token LaunchesOct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

Gnosis DAO is voting on GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends Oct. 7. UnlocksNo major unlocks. Token LaunchesOct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

No major unlocks. Token LaunchesOct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

Token Launches

Market Context

The takeover enables Ondo to offer compliant tokenized securities products in the U.S., including the issuance, trading, and management of tokenized assets such as equities, corporate debt, and structured products. The ONDO token rose nearly 5% to 96 cents, while continuing to trade well below its December 2024 peak of $2.14.

Speaking of the market outlook, the path of least resistance for BTC remains on the higher side, supported by ETF inflows. However, there is an interesting point to consider: Each of the previous times ETFs pulled in $1 billion or more in a day or two, bitcoin's price put in an interim top and subsequently corrected lower, according to CoinDesk analyst James Straten.

Why It Matters

A potential rally in the greenback could weigh on cryptocurrencies and gold. The latter is fast closing on the $4,000 mark, a rally that has likes of Citadel concerned. Stay alert!

Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live.

Details

By Omkar Godbole (All times ET unless indicated otherwise)

Bitcoin (BTC) remains in an uptrend, despite the overnight pullback. The world's largest cryptocurrency is on fire, having rallied nearly 10% in one week.

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

In a parallel development, the RWA-focused Layer 2 blockchain, Plume Network, said that it has been registered by the SEC as a transfer agent.

Additionally, the dollar index, which tracks the value of the greenback against major currencies, remains resilient despite discussions of faster Fed rate cuts against the backdrop of the U.S. government shutdown.

What to Watch

For a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Crypto

Macro

Earnings (Estimates based on FactSet data)

Nothing scheduled.

Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live.

Token Events

Governance votes & calls

Unlocks

Oct. 7: KGeN (KGEN) to be listed on Binance, MEXC, BingX, KuCoin, and others. Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.

Oct. 7: Klink Finance (KLINK) to be listed on Binance, KuCoin, and others.