Ondo Finance Brings Tokenized U.S. Treasuries to XRP Ledger for Institutional DeFi

Daily Top Performer — Movement Labs (MOVE)

The S&P 500 rose 0.92%, rebounding ahead of the Fed’s rate decision. Gold climbed 0.8% to $2,762.02 as tariff uncertainties boosted safe-haven demand. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.32%, with Bitcoin and Ether dropping by 0.20% and 3.40%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today's top performer is MOVE, which surged nearly 17.7% following the launch of Movement Network's Developer Mainnet, paving the way for the Public Beta.

Movement Labs (MOVE), founded in 2023, is a modular blockchain network powered by the Move language, aiming to enhance security, performance, and UX in decentralized networks. Its key products include Movement SDK, the M1 Layer 1 network, and M2, an Ethereum Layer 2 rollup. Movement Network has launched its Developer Mainnet, allowing select developers to deploy apps and access new infrastructure. This phase builds on the Mainnet Beta and will run until mid-February. The next phase, Public Mainnet Beta, will introduce full permissionless app deployment and user onboarding. Movement Network is built for modularity, leveraging Celestia.

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Talk of the Town

Ondo Finance is deploying its tokenized U.S. Treasury fund, OUSG, on the XRP Ledger (XRPL) within six months, expanding institutional access to tokenized real-world assets. Backed by BlackRock’s BUIDL fund, OUSG offers 24/7 minting and redemption via Ripple’s RLUSD stablecoin, enhancing liquidity and financial flexibility. The integration leverages XRPL’s institutional-grade infrastructure, compliance tools, and deep financial relationships to bridge DeFi and traditional finance, positioning XRPL as a key hub for tokenized assets.

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Bitcoin Spot ETF Flows

BTC Spot ETFs saw a net outflow of $11.7 million, with no change in GBTC and all outflows from non-GBTC funds.

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Airdrop to Watch

Soneium's 4-week "Soneium Conquest" quest is now live on Galxe, offering tasks to earn points that may be useful for a future airdrop. Participants can complete onchain transactions, explore dApps, join social activities, and more. Week 1 is already underway!