Regulatory crackdown on cross-border brokers may trigger ONDO to surge by 7% in a short time, while a trader achieves 170% weekly profit on longs
BlockBeats news, on May 22, according to market information from a certain exchange, the RWA sector leader Ondo Finance's native token ONDO surged 7.3% in a short period, reaching a high of $0.44 before retreating to $0.427. Over the past 5 days, it has accumulated a 29% increase from its lowest point. This round of rapid rise occurred after reports surfaced about the China Securities Regulatory Commission strictly investigating illegal cross-border operations by institutions such as Tiger.
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