Wobbly start to the weekend
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 27th March 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Ondo Climbs On Back Of RWAs
Not many coins are in the green today.
ONDO is, though.
The 58th-largest crypto rose by about 2% in the past 24 hours. As of earlier this morning, ONDO was close to 30 cents. Some recently announced institutional collaborations apparently have stirred some interest. At the start of this week, Franklin Templeton said it was partnering with Ondo Finance on the tokenization of some real world assets (RWAs) — in this case, five exchange-traded funds (ETFs). Franklin runs the assets; Ondo provides a layer of infrastructure and digital distribution.
Since launching this past September, Ondo Global Markets has garnered $700 million in total value locked (TVL), per an Ondo news release.
Ondo’s native ONDO remains 88% off its all-time high of $2.14 reached 16 months ago, according to CoinGecko.
What's down
Crypto’s Resiliency Comes Under Scrutiny
Early Friday, Bitcoin, Ethereum and most other digital assets tumbled as investors turn increasingly anxious about oil prices.
Across crypto futures markets, bullish positions were unwinding, CoinDesk said. And after an oddly strong start to the month, U.S.-listed spot BTC ETFs experienced a hefty net outflow on Thursday as $170M went out the door, raising questions about the resiliency of so-called digital gold.
At 9 a.m. (EST), BTC was roughly $66,600, down 4% in the past day, per CoinGecko. ETH also fell 4% as it slipped below $2,000.
Iran continues to block the strategically vital Hormuz Strait. Oil tankers can’t pass through, disrupting global supply. Brent crude futures earlier today hit $111 per barrel. The price is up about 3% compared to a day ago. The Brent benchmark is up 53% since the end of February.
Yesterday, U.S. stocks had one of their worst days so far this year. The Dow Jones Industrial Average is now down 9% relative to its record closing high of 50,188 reached in early February. A greater-than-10% slide from the high water mark would be considered a correction. The Dow shed a couple hundred points to start Friday’s session.
What's next
White House ‘Crypto Czar’ Walks
The White House head of crypto policy is stepping aside. David Sacks told Bloomberg that his time as a special government employee had ended.
During his stint, Sacks, who was also the Trump administration’s “czar” of AI policy, helped shape the national crypto agenda, including shepherding efforts to pass key pieces of legislation. He also pushed for clearer digital asset rules coming out of the SEC and CFTC.
Some of the industry’s most anticipated reforms, however, remain stalled out. A national "Bitcoin Reserve" never materialized. And Congress continues to debate the CLARITY Act, which would clearly spell out how digital assets would be regulated and which agencies would take the lead.
Sacks will still retain a prominent role as he’ll be joining the President’s Council of Advisers on Science & Technology (PCAST), an advisory committee made up of outside experts.
“Now I can make recommendations on not just AI but an expanded range of technology topics,” Sacks, a veteran venture capitalist, told Bloomberg.
Last Friday, the White House unveiled a national AI policy framework. It aims to create a single, uniform set of safety/security guardrails around the still-nascent transformational technology — while at the same time preempting various individual states from enacting their own rules. (CNBC)
