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February 7, 2026

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20% Bounce and an ETF Filing: Why ONDO Price is Separating from the Crypto Pack.

Forex 3 Mins Read

The post 20% Bounce and an ETF Filing: Why ONDO Price is Separating from the Crypto Pack. appeared first on Coinpedia Fintech News

ONDO price is hovering around $0.2539, up roughly 20% from its recent $0.2017 low, and the timing isn’t random. While broader markets remain choppy, Ondo Global Markets has already crossed $10 billion in cumulative volume since launch, a detail that cuts through the noise faster than most price charts do.

And yes, that matters. This isn’t about vibes or speculative excitement. It’s about usage. Tokenized RWAs are still the fastest-growing corner of crypto, mostly because they do something radical: they work. Global access, smoother settlement, fewer intermediaries, these are the unglamorous stuff that institutions actually care about.

$10B Tokenized stock volume highlights structural growth

Since launch, Ondo Global Markets has pushed past $10 billion in total volume. That number doesn’t come from retail gambling on memes. It comes from tokenized stocks and structured products steadily finding demand.

Well, here’s the kicker: tokenization isn’t just a crypto buzzword anymore. It’s becoming financial plumbing. Industry commentary continues to frame tokenization as a way to make markets faster and more efficient, cutting down friction that traditional systems still haven’t solved.

So when volume keeps stacking up, it signals something simple and that is Ondo isn’t being “tested” anymore. It’s being used.

Institutional Commentary Reinforces Efficiency Narrative

Meanwhile, tokenized US stocks and ETFs are now live inside MetaMask with ONDO infrastructure doing the heavy lifting. That’s not cosmetic. It drops tokenized assets directly into one of the largest self-custody wallets in the market.

But let’s be real. Accessibility is only half the story. Trust is the other half. And this is where institutional behavior quietly enters the frame.

An asset manager has taken another formal step toward launching an exchange-traded product tied to Ondo by submitting an amended S-1 filing. No approvals yet. No victory laps either. Still, the filing keeps the process alive and confirms that tokenization-focused products are staying on regulatory radars.

Goldman Sachs on tokenization:

“Tokenization has the potential to really improve operational efficiencies.”

What the ONDO Price Chart isn’t Saying?

Now for the part traders keep staring at. The ONDO price chart shows price compressing near the lower boundary of a falling wedge, a structure aligning closely with the February 2024 base. Technically, it’s a pressure zone.

Momentum indicators are trying to turn. CMF is climbing. MACD and AO are improving. RSI is crawling out of oversold territory. None of this guarantees upside, but it does suggest selling pressure isn’t accelerating anymore.

If demand actually shows up, the ONDO/USD structure opens space toward the $0.60 region. Beyond that, higher levels come into view only if participation expands meaningfully. That’s where any ONDO price prediction becomes conditional, not confident.

And for now, ONDO price remains stuck between solid fundamentals and a market that still isn’t ready to reward them.

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Economy

Trump administration alleges Nike discriminated against white workers

Economy 3 Mins Read

The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers.

The agency that polices discrimination in the workplace filed an action in federal court in Missouri to compel the publicly traded athletic shoe and apparel giant to produce information in response to a subpoena the agency served on the company last fall, according to court filings reviewed by NBC News.

The EEOC said it was investigating allegations that the company’s mentorship and training programs and its personnel decisions gave nonwhite employees preferential treatment that amounts, according to the agency, to discrimination against white workers.

Nike is the world’s largest sportswear and apparel company, with nearly 80,000 employees and revenues of around $51.4 billion in 2024.

The allegations were not made by workers at Nike who believed they had been the targets of unfair treatment, however, as is typically the case in EEOC investigations.

Instead, the court filings show that this case stems from a commissioner’s charge brought by then-commissioner Andrea Lucas herself in May 2024, and based on publicly available information such as Nike’s own annual “Impact Reports” and information on its public website.

The EEOC’s request that a judge enforce the subpoena is the latest instance of the Trump administration using a federal agency that is typically charged with preventing and responding to discrimination against nonwhite Americans, and deploying it instead to protect what it says are the underrepresented interests of white people.

Nike has objected in court to many of the EEOC’s demands to documents over the last several months, arguing that they are vague, overly broad, and seek information dating back to well before the period in question.

“This feels like a surprising and unusual escalation,” a Nike spokesperson said. “We have had extensive, good-faith participation in an EEOC inquiry into our personnel practices, programs, and decisions and have had ongoing efforts to provide information and engage constructively with the agency.”

The spokesperson added that Nike has shared “thousands of pages of information and detailed written responses” in connection with the agency’s inquiry and said the company is in the “process of providing additional information.” Nike will respond to the agency’s petition, the spokesperson said.

Lucas was appointed chair of the EEOC by President Donald Trump in November 2025 after serving as a commissioner since 2020, when the president nominated Lucas to the agency.

The agency said it filed the subpoena enforcement action after “first attempting to obtain voluntary compliance with its investigative requests.”

This post appeared first on NBC NEWS

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Stocks

Oil finds short-term support as oversupply eases, bearish risks linger

Stocks 4 Mins Read

The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. 

The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. 

This adjustment was not a recent development but had already been implemented in the preceding month’s market report. 

Key supply drivers

This significant recalibration suggests that the IEA now anticipates a tighter balance between crude oil production and global demand than previously modeled, reflecting a reassessment of various factors impacting both the supply and consumption sides of the energy equation. 

Since the beginning of 2025, a strong surge in oil supply has driven the current global surplus.

Non-OPEC+ producers have been responsible for nearly 60% of the total 3 million barrels per day increase, IEA said in its January monthly report.

The increase in OPEC+ supply has been spearheaded by Saudi Arabia as production cuts were lifted. 

Concurrently, the rise in non-OPEC+ output has been primarily driven by five American nations: the United States, Canada, Brazil, Guyana, and Argentina.

Global oil supplies are projected to see a further increase of 2.5 million bpd in 2026. 

Agency forecasts, outages, and inventory snapshot

This forecast is contingent on two main factors: that OPEC+ maintains its current production policy, and that there are no significant, sustained disruptions to output, particularly avoiding major downturns in the US shale patch activity.

Combined with the hefty surplus that has built up in storage tanks and at sea over the past year, this would leave the market with a significant buffer well in excess of demand, which is forecast to increase by 930 kb/d in 2026. 

In its December report, IEA had said that demand for 2026 was seen at 860,000 bpd this year. 

Next week, the three energy agencies will present their new forecasts, namely OPEC, IEA and the US Energy Information Administration. 

“In view of the cold weather, they are likely to revise their expectations for global oil demand upwards for the current year, while production expectations are likely to be adjusted downwards due to numerous outages,” Barbara Lambrecht, commodity analyst at Commerzbank AG, said. 

Meanwhile, OPEC’s daily oil production dropped by 230,000 barrels in January compared to December, according to a Bloomberg survey.

This decline was partially attributed to lower output from Venezuela, with Kazakhstan also reporting significant production outages.

On the other hand, due to the recent winter storm, the EIA will probably adjust the US oil production figures for January, revising them slightly downward.

US crude oil inventories dropped by 3.5 million barrels last week, according to EIA’s latest report. 

Gasoline stocks rose by 685,000 barrels, while distillate stocks fell by 5.6 million barrels.

API figures showed a greater crude decline (11.1 million barrels), a larger gasoline increase (4.7 million barrels), and a similar distillate drop (4.8 million barrels).

The inventory data is distorted by the effects of the winter storm, but the impact was less than expected, according to Commerzbank. 

The reduction in US crude oil inventories was limited because domestic production only fell by 480,000 barrels per day last week. 

This modest decline, combined with only a slight dip in crude oil processing and an increase in net crude oil imports, prevented a more substantial decrease in stockpiles.

Analyst assessment and long-term price view

“All in all, the oversupply in the oil market at the beginning of the year is likely to have been significantly lower than previously expected,” Lambrecht said. 

As energy organisations downgrade their expectations regarding oversupply this year, oil prices could get some temporary support, according to Lambrecht. 

“However, we fundamentally stand by our assessment that oversupply will cause prices to fall over the course of the year,” Lambrecht added. 

After all, the production outages are only temporary and OPEC+ is likely to further increase production from April onwards.

At the time of writing, the price of West Texas Intermediate crude oil was at $63.24 per barrel, largely flat, while Brent was at $67.53 per barrel, also unchanged from the previous close. 

The post Oil finds short-term support as oversupply eases, bearish risks linger appeared first on Invezz

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