Crypto Morning Brief: Ondo Global Markets launches, proposed 14.2% increase in Sonic (S) circulating supply

Author: TechFlow

Yesterday's Market Dynamics

Federal Reserve to host payments innovation conference on October 21

According to the Federal Reserve Board, the Fed announced it will hold a payments innovation conference on October 21, focusing on innovation and improvements in payment systems. The conference will cover topics including the convergence of traditional finance and decentralized finance, new use cases and business models for stablecoins, the intersection of artificial intelligence and payments, and tokenization of financial products and services. The event will be livestreamed via the official website, with further details to be released later.

Fed Governor Waller: I’ve clearly stated we should cut rates at the next meeting

According to Jinshi Data, Federal Reserve Governor Waller said: I have clearly stated that I believe we should cut rates at the next meeting. The yield on the U.S. 10-year Treasury note has largely stabilized. We may see multiple rate cuts—whether at every meeting or every other meeting—will depend on incoming data.

Holoworld AI announces HOLO tokenomics: initial circulating supply around 16.96%

The Holoworld Foundation, a decentralized nonprofit organization driving the development of AI-native application ecosystems, has officially launched and introduced the HOLO governance and incentive token. The total supply of HOLO is 2.048 billion tokens, allocated as follows: 13.11% for ecosystem and marketing, 20.93% for community growth, 18.40% for the foundation, 15.6% for the team, 3.5% for advisors, 13.46% for investors, 5% for liquidity, and 10% for airdrops. The initial circulating supply is approximately 16.96%, or 347 million tokens.

Linea: TGE on September 10, airdrop eligibility checker now live

Ethereum Layer 2 network LINEA announced its token will undergo TGE on September 10, with the airdrop eligibility checker now live.

Airdrop details:

• Eligibility is based on actual usage of LXP and LXP-L activities

• Claim window: September 10 to December 9 (90 days)

• All airdropped tokens are fully unlocked, with no vesting period

Token distribution:

• 85% allocated to the ecosystem (10% for early users and builders, 75% for the ecosystem fund)

Binance issues notice on Sonic (S) tokenomics change, proposing 14.2% increase in circulating supply

Binance officially announced that, per approved proposals from Sonic, the total supply of Sonic (S) will increase from approximately 3.41 billion to about 3.89 billion, increasing the circulating supply by 472 million tokens (a 14.2% increase).

In addition, Sonic (S) tokens worth approximately $50 million will be added to the total supply only after the final ETF agreement is reached.

Moonshot: xStocks tokenized stocks now live

According to an official announcement, Moonshot has launched xStocks tokenized stocks, allowing users to participate in traditional markets and trade assets such as NVDAx, COINx, and TSLAx via xStocks.

Notably, this service is available in select countries/regions and is currently not available to U.S. users.

Ondo Finance announces launch of Ondo Global Markets, tokenizing over 100 U.S. stocks and ETFs

Ondo Finance and the Ondo Foundation jointly announced the launch of Ondo Global Markets. This platform enables non-U.S. investors to seamlessly access over 100 tokenized U.S. stocks and ETFs on Ethereum, with plans to expand to hundreds or even thousands of assets by year-end.

The platform is already live on the Ethereum mainnet and will soon expand to BNB Chain, Solana, and Ondo Chain. Retail and institutional users outside the U.S. can instantly mint and redeem tokenized U.S. stocks and ETFs five days a week, 24 hours a day (subject to jurisdictional and other restrictions). These tokenized assets provide full economic exposure to the underlying U.S. stocks and ETFs and are 1:1 fully backed and secured by real stocks, ETFs, and in-transit cash held at one or more U.S.-registered broker-dealers.

Publicly traded AlphaTON Capital plans to acquire $100 million worth of TON tokens

AlphaTON Capital Corp (formerly Portage Biotech Inc.), a publicly traded company, today announced plans to acquire approximately $100 million worth of TON tokens and launch a digital asset financial strategy specifically targeting the Telegram ecosystem. The company will rebrand effective September 4, 2025, changing its stock ticker from "PRTG" to "ATON". Brittany Kaiser, an expert in data protection and digital assets, has been appointed CEO, and the company will focus on TON token management, network validation, and ecosystem development. AlphaTON has raised approximately $38.2 million through private placements and signed a $35 million loan agreement with BitGo Prime to support token acquisition.

Bitcoin miner American Bitcoin files to raise up to $2.1 billion via at-the-market offering

According to Jinshi Data, American Bitcoin, a bitcoin mining firm linked to the Trump family, has filed to raise up to $2.1 billion through an at-the-market offering.

AlloyX Group reaches merger agreement with NASDAQ-listed SWIN at $350 million valuation

According to Cailian Press, Hong Kong-based fintech company AlloyX Group announced today it has formally entered into a merger agreement with SWIN (NASDAQ: SWIN), a NASDAQ-listed company. AlloyX specializes in stablecoin infrastructure for cross-border payments and institutional-grade asset tokenization. This merger aims to build a new financial ecosystem centered on innovative financial payments.

Prior to the merger, AlloyX had received investments from several internationally renowned institutions, including Distributed Global, Longling Investment, Kiln, Arbitrum Foundation, and Offchain Labs. All shareholders have voluntarily committed to a 12-month lock-up period.

Hong Kong’s Fosun Wealth completes tokenization of $328 million in shares of healthcare firms

According to The Block, Fosun Wealth Holdings in Hong Kong announced it has completed the tokenization of shares in Sisram Medical, a Hong Kong-listed medical technology company, valued at approximately $328 million. The project was implemented using Vaulta’s "Banking OS" system, integrating the Solana blockchain into its technical architecture for issuance and settlement.

Sisram Medical (stock code: 1696.HK), an Israeli medical tech firm, is the first equity project under this tokenization initiative. Fosun stated it plans to advance tokenization of other corporate bonds and equities in the future but has not yet disclosed timelines or specific companies.

Market Performance

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