The crypto market is heating up with Bitcoin crossing $120,000 and significant updates from companies. One key update is Ondo Finance's acquisition of Strangelove.
Ondo's Acquisition of Strangelove
Ondo Finance announced the acquisition of Strangelove, a company focused on blockchain development. This move aims to strengthen Ondo's position in transforming real-world assets into digital ones.
Former Strangelove executive Jack Zampolin has taken the role of VP of Product at Ondo, enhancing the company’s capabilities in cross-chain technology.
AAVE's Strong Market Position
AAVE is seeing positive movement, with prices rising to $331 before slightly retracting to $316. This surge can be attributed to increasing institutional interest and a robust market environment, alongside over $50 billion in deposits on the platform.
Analysts point out that the U.S. GENIUS Act could further benefit AAVE.
BlockDAG Launches NO VESTING PASS
BlockDAG has caught attention with its introduction of the NO VESTING PASS, available for a limited time. Unlike typical launches where only 40% of coins are accessible upon launch, this new pass allows buyers to access 100% of their purchased coins immediately.
This initiative aligns with BlockDAG's preparations for a global launch on August 11, having already raised over $340 million.
Recent developments in the crypto market highlight increased activity from companies like Ondo Finance and BlockDAG. AAVE's successes also reflect the strength of the DeFi sector, paving the way for future implementations and market reactions.