Multiplier RWA Boosts ONDO to Lead Market, DTCC Tokenized Asset Trading to Launch in July
May 9th — Per HTX market data, Ondo Finance’s native token ONDO led gains in the market Wednesday. As a real-world asset (RWA) tokenization DeFi platform, the surge is backed by several recent bullish developments, with the most notable being an announcement from the Depository Trust & Clearing Corporation (DTCC) earlier this month.
The DTCC announced the formation of an industry working group, selecting Ondo to help advance tokenization in U.S. capital markets. The firm also plans to launch limited trading of tokenized assets in July. Ondo will collaborate with traditional and decentralized finance (TradFi/DeFi) players including BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks and Robinhood on the initiative.
On the business front, Ondo Global Markets has expanded its tokenized U.S. stock and ETF offerings to over 260 assets—primarily targeting non-U.S. investors—with cumulative tokenized
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The Beijing Court in China has disclosed a virtual currency-related "Open-Box" case, where the main perpetrator illegally obtained over 900 million pieces of personal information and was sentenced to 7 years in prison.
On May 9, Beijing’s Haidian District People’s Court announced rulings in a virtual currency-linked case involving the illegal acquisition and trafficking of citizens’ personal information.
From 2023 to 2025, defendants Lin and Wang illegally obtained personal data on over 600 million individuals (Lin) and 300 million individuals (Wang) via encrypted messaging tools, then sold the information for profit using virtual currency payments.
In 2025, the pair (along with another Wang, handled separately) launched a "social engineering database" website containing more than 170 million personal information records. They illegally provided the data through the site over 1,300 times, with the platform receiving over 100,000 accesses.
Also in 2025, Lin and others (a separate case) created an encrypted communication group, served as administrators, and posted illegal content including privacy violations and insults. The group had more than 2,000 members.
The court found Lin and Wang gu
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ZEC Surges Above $600, Trader Loracle's Long Position Profits Over $7.7 Million
May 9th — Per HyperInsight monitoring, ZEC saw another surge this morning. On Hyperliquid, its current price is $618, representing an 8% increase over the past 24 hours.
The biggest beneficiary of this rally is on-chain trader Loracle, whose long position gains have continued to climb alongside the market, hitting $7.7 million as of press time.
Reportedly, this position was opened with 10x leverage on April 24 when ZEC was trading around $340. Since then, Loracle has consistently added to the position, boosting the long position size to $20.7 million with an average entry price of $387. Loracle currently holds the largest on-chain ZEC long position and has not yet taken profits.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
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A whale investor heavily bought into the storage memory sector, with a total position value of $12 million.
On May 9th, OnchainLens data indicates that the whale wallet "0x3Ed" deposited $2.668 million in USDC to HyperLiquid and opened 20x leveraged long positions on two ETFs: the iShares MSCI South Korea ETF (EWY) and the Memory ETF (DRAM).
Currently, the whale maintains long positions in Micron Technology (MU) and SanDisk (SNDK), with a total notional value of $12 million and an unrealized profit of $848,000.
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VVV Surges Triggering Default Model Provider, Base Ecosystem Token POD Skyrockets to $82 million Market Cap
On May 9, per GMGN monitoring (links: https://t.me/gmgnaibot?start=i_m4TE56o8; https://gmgn.ai/base/token/i_m4TE56o8_0xed664536023d8e4b1640c394777d34abaff1df8f), Base ecosystem token POD (Dolphin) surged sharply this morning.
The token hit a peak market cap of over $82 million before retracing to $76.4 million, and is up 130% in the past 24 hours. On-chain trading volume over the same period totals approximately $2.9 million.
The rally’s catalyst likely stems from strong performance by VVV. Dolphin—an AI model development and DePIN project—offers the "Dolphin Mistral 24B Venice Edition," Venice’s platform default uncensored AI model. As the core model provider, POD has seen a corresponding uptick in value.
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TACO is out, Wall Street is now into NACHO trading
May 9 — As the Strait of Hormuz crisis drags on, Wall Street is betting on a new trading play: NACHO (short for “Not A Chance Hormuz Opens”), replacing the old TACO trade (Trump Always Chickens Out).
The NACHO trade’s core assumptions break down into three key points: insurers won’t cover ships transiting the Strait, oil prices will stay elevated (pushing up inflation), and the Fed will thus be unable to cut rates near-term.
eToro market analyst Zavier Wong noted: “This is basically the market throwing in the towel on a quick fix. For most of this crisis, every ceasefire headline sparked a sharp oil price drop as traders kept pricing in a solution that never materialized. NACHO signals the market’s recognition that high oil prices aren’t a one-time shock — they’re a feature of today’s market landscape.”
An analyst at Dufu Global Investment Management noted that both the TACO and NACHO trades are playing out in Q2 — even as energy prices surge, the S&P 500 keeps notching new al
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