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2 Jun 2026, 00:35

Ondo Finance to Launch Perpetual Futures Platform Backed by Real-World Assets

BitcoinWorld Ondo Finance to Launch Perpetual Futures Platform Backed by Real-World Assets Ondo Finance is preparing to enter the derivatives market with the launch of Ondo Perps, a perpetual futures exchange that will allow users to trade using real-world asset (RWA) tokens as collateral. CEO Ian De Bode announced the upcoming platform via X, stating that the exchange is expected to go live in the coming weeks and will offer 24-hour liquidity. Bridging Traditional Assets with Crypto Derivatives The move marks a significant step in the integration of tokenized real-world assets into the broader decentralized finance (DeFi) ecosystem. Ondo Perps will enable traders to use RWA tokens—digital representations of assets such as U.S. Treasury bonds, corporate credit, or real estate—as collateral for opening leveraged positions. This approach could unlock new liquidity for RWA holders while expanding the utility of tokenized assets beyond simple buy-and-hold strategies. Ian De Bode emphasized that the platform is designed to provide continuous trading availability, a critical feature for derivatives markets that operate across global time zones. By offering 24-hour liquidity, Ondo Perps aims to compete with established crypto perpetual exchanges while differentiating itself through its RWA collateral model. Implications for the RWA Sector Ondo Finance has been a prominent player in the tokenization space, managing over $600 million in assets across products like Ondo US Dollar Yield (USDY) and Ondo Short-Term US Government Bond Fund (OUSG). The launch of a perpetual futures exchange could attract institutional and retail traders seeking exposure to yield-bearing assets without exiting their RWA positions. Industry observers note that using RWA tokens as collateral introduces unique considerations, including price stability, redemption mechanisms, and regulatory compliance. Unlike volatile cryptocurrencies, many RWA tokens are designed to maintain a stable value, which could reduce liquidation risks for traders. However, the platform will need to manage the operational complexity of handling off-chain asset verification and settlement. What This Means for Traders For traders, the ability to use RWA tokens as margin could offer a capital-efficient way to maintain exposure to traditional asset yields while speculating on cryptocurrency price movements. It also provides an alternative to stablecoins, which have faced increased regulatory scrutiny and de-pegging risks. If successful, Ondo Perps could set a precedent for other RWA issuers to develop similar derivative products. Conclusion Ondo Finance’s announcement signals growing convergence between traditional finance infrastructure and crypto derivatives markets. As the launch window approaches, market participants will be watching closely to see how the platform handles liquidity, collateral management, and user adoption. The success of Ondo Perps could influence how the broader DeFi ecosystem integrates real-world assets into more complex financial instruments. FAQs Q1: What is Ondo Perps? Ondo Perps is a perpetual futures exchange being launched by Ondo Finance. It will allow users to trade perpetual futures contracts using real-world asset (RWA) tokens as collateral, with 24-hour liquidity. Q2: When will Ondo Perps launch? According to CEO Ian De Bode, the platform is expected to launch in the coming weeks. An exact date has not yet been announced. Q3: How is this different from other perpetual exchanges? Unlike most crypto perpetual exchanges that accept only cryptocurrencies or stablecoins as collateral, Ondo Perps will accept RWA tokens—digital representations of traditional assets like Treasury bonds. This allows users to maintain exposure to yield-bearing assets while trading derivatives. This post Ondo Finance to Launch Perpetual Futures Platform Backed by Real-World Assets first appeared on BitcoinWorld .

2 Jun 2026, 00:30

Cheap Oil May Not Be Coming Back Soon as Markets Price Supply Risks

Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel

2 Jun 2026, 00:23

TON price soars 13% as Telegram revives original Gram token brand

The price of Toncoin surged more than 13% within 24 hours after Telegram announced a major branding shift that brings back the token’s original name, “Gram.” After long shelving its crypto network plans amid regulatory scrutiny, Telegram has taken control of The Open Network. The rebranding news sent the token to a high of $2.26 before settling around $2.09. The rally extends an already strong monthly performance, with TON now up roughly 58% over the past 30 days. Telegram revives Gram name as TON transition begins across wallets and exchanges The latest price movement followed an announcement from Telegram CEO Pavel Durov on Monday. According to the executive, The Open Network’s native cryptocurrency, TON, will be renamed Gram, reverting to the original name proposed in the project’s first white paper as part of his ongoing “ Make TON Great Again (MTONGA)” initiative. “Gram was the original name of TON’s currency in the first white paper,” he wrote. “We’re returning to our roots—and starting a new chapter. This rebranding will pave the way for what comes next.” Although the token will use the Gram name, Telegram added that the underlying blockchain network The Open Network, will continue to be named TON. The transition will take around three weeks, and we expect that to happen in a phased manner, across wallets, exchanges, and ecosystem apps, Durov said. He said that was the next step on what he called “MTONGA.” The announcement comes at the same time as Telegram is expanding its involvement in the TON ecosystem. In May, Durov announced Telegram had become the largest validator on the network and that the TON Foundation is no longer the main driver of Telegram itself. And it has made other technical changes to improve network performance, including lower transaction fees and faster block times to achieve higher throughput. Gram comeback accelerates as Telegram reduces fees and assumes a larger role Six years ago, in May 2020, the SEC forced Telegram to return $1.22 billion to Gram token investors and pay $18.5 million in penalties, killing the original Telegram Open Network. The 2026 takeover brings Telegram back into the same blockchain ecosystem through the front door, this time under a more favorable regulatory climate and with nearly 950 million users forming a built-in distribution network. The rebrand is the fourth of seven steps planned for Durov’s MTONGA campaign, but the remaining three steps have not yet been publicly disclosed. Durov first detailed the transition in April, when he celebrated a network upgrade that made TON “ten times faster” and introduced sub-second transaction settling. The other two steps that were revealed were reducing transaction fees by roughly sixfold and announcing plans for Telegram to replace the TON Foundation as the ecosystem’s primary steward and largest validator. The Gram rebranding restores the name originally conceived by Telegram’s blockchain project, which stood for TON, an acronym of Telegram Open Network at the time, and its native Gram cryptocurrency. Telegram launched its TON project in 2018 but abandoned it in 2020 after a heated legal battle with the U.S. Securities and Exchange Commission forced Telegram to cease the sale of Gram tokens, which it said violated securities laws. This triggered a slew of lawsuits from investors seeking refunds for their token purchases. Later, independent developers took over the project and continued to use the TON name as The Open Network, and the blockchain has now been integrated into Telegram’s ecosystem of apps, mostly for payments and digital asset trading. The renewed branding push raises questions about how exchanges, developers, and wallet providers will have to adapt to the shift from TON-branded tokens to Gram. While the underlying network remains unchanged, rebranding efforts in crypto ecosystems often involve coordination challenges across platforms, user interfaces, and smart contract references. Still, the market momentum suggests traders are getting more concerned with narrative strength than technical friction. Telegram’s growing validator role, the improving network performance, and a return to the original Gram identity have provided a strong short-term bullish catalyst. If you're reading this, you’re already ahead. Stay there with our newsletter .

2 Jun 2026, 00:15

Crypto Fear & Greed Index Slides to 31 as Market Sentiment Worsens

BitcoinWorld Crypto Fear & Greed Index Slides to 31 as Market Sentiment Worsens The Crypto Fear & Greed Index, a widely followed barometer of market sentiment, has fallen to 31, dropping four points from the previous day. The latest reading keeps the cryptocurrency market firmly in a state of fear, reflecting growing caution among traders and investors. What the Index Measures Data provider CoinMarketCap calculates the index on a scale where 0 signifies extreme fear and 100 indicates extreme optimism. A reading of 31 suggests that negative sentiment is prevailing, though it has not yet reached the panic levels typically seen below 20. The index is derived from several weighted factors, including the price momentum of the top 10 cryptocurrencies, market volatility, derivatives data such as the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and search data from CoinMarketCap’s own platform. Why the Drop Matters This decline extends a broader trend of deteriorating sentiment observed over the past week. The shift comes amid a period of heightened uncertainty in global financial markets, with regulatory developments and macroeconomic pressures continuing to weigh on risk assets like cryptocurrencies. For investors, the index serves as a contrarian signal; extreme fear can sometimes present buying opportunities, while extreme greed often precedes corrections. However, the current reading of 31 indicates that the market has not yet reached a decisive oversold condition. Context and Implications The drop from the previous day’s reading suggests that sentiment is worsening in real time, likely driven by a combination of falling prices and increased volatility. The inclusion of derivatives data, particularly the put-to-call ratio, shows that bearish positioning is gaining ground. Meanwhile, the Stablecoin Supply Ratio, which measures the amount of stablecoins relative to Bitcoin’s market cap, can indicate whether investors are moving capital to the sidelines. A rising SSR often signals a defensive posture. Conclusion The Fear & Greed Index at 31 confirms that caution dominates the cryptocurrency market. While not yet at extreme fear levels, the continued downward trend warrants attention. Traders and long-term holders alike should monitor whether sentiment deteriorates further or stabilizes, as historical patterns suggest that periods of deep fear have sometimes preceded market recoveries. FAQs Q1: What does a Fear & Greed Index reading of 31 mean? A reading of 31 indicates that the market is in a state of fear. It suggests that investors are bearish and cautious, but not yet in a state of panic. Q2: How is the Crypto Fear & Greed Index calculated? CoinMarketCap calculates the index using factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and its own platform search data. Q3: Should I buy or sell when the index is at 31? The index is a sentiment indicator, not a trading signal. Historically, extreme fear can present buying opportunities, but a reading of 31 does not guarantee a market bottom. Investors should consider broader market conditions and their own risk tolerance. This post Crypto Fear & Greed Index Slides to 31 as Market Sentiment Worsens first appeared on BitcoinWorld .

2 Jun 2026, 00:10

Bitcoin’s Kimchi Premium Deepens to -3.6% as South Korean Discount Widens

BitcoinWorld Bitcoin’s Kimchi Premium Deepens to -3.6% as South Korean Discount Widens Bitcoin’s so-called ‘Kimchi premium’ in South Korea has turned sharply negative, with the digital asset now trading at a notable discount compared to global markets. Data from KIMPGA shows the premium stood at approximately -3.575% this morning, marking a deepening of the reverse trend first reported in early June. What is the Kimchi Premium and Why is it Reversing? The Kimchi premium historically refers to the price gap where Bitcoin trades at a higher price on South Korean exchanges compared to global platforms like Binance. This premium has often reflected strong retail demand and capital controls that make it difficult for foreign investors to arbitrage the difference. However, the current situation is the opposite: Bitcoin is cheaper in South Korea. As of the latest data, the domestic price for BTC was around 104,220,000 won, compared to a global price of 108,060,425 won based on Binance data and the current exchange rate. This represents a discount of roughly 3.6%, a level not seen since March 2022. Timeline of the Decline The shift from premium to discount has been swift. On June 1, Bitcoin World reported that the Kimchi premium had already fallen to -2.7%, its lowest point in over two years. Since then, the discount has widened further, indicating sustained selling pressure or reduced demand within the South Korean market. Several factors may be contributing to this trend, including a potential shift in local investor sentiment, broader market uncertainty, or increased capital outflows from Korean exchanges. It is also possible that global market dynamics are outpacing local demand, creating a temporary price dislocation. What This Means for Traders and Investors A negative Kimchi premium presents a rare arbitrage opportunity for those able to move capital across borders. In theory, traders could buy Bitcoin on South Korean exchanges at a discount and sell it on global platforms for a profit. However, South Korea’s strict capital controls and regulatory barriers make this difficult for most retail investors. For the broader market, the deepening discount may signal waning retail enthusiasm in a region that has historically been a bellwether for crypto adoption. It could also indicate that local regulatory pressures or macroeconomic concerns are weighing on demand. Conclusion The Kimchi premium’s slide into negative territory is a notable shift in a long-standing market dynamic. While the current discount is not unprecedented, its persistence suggests structural changes in the South Korean crypto market. Traders and analysts will be watching closely to see if the premium normalizes or continues to diverge. FAQs Q1: What is the Kimchi premium? The Kimchi premium is the price difference between Bitcoin on South Korean exchanges and global exchanges. It typically sees Bitcoin trading at a higher price in South Korea due to local demand and capital controls. Q2: Why is the Kimchi premium negative right now? The exact cause is unclear, but possible factors include reduced local demand, increased selling on Korean exchanges, or global market movements outpacing the Korean market. Regulatory changes or shifting investor sentiment may also play a role. Q3: Can traders profit from a negative Kimchi premium? In theory, yes — by buying Bitcoin on a Korean exchange and selling it on a global exchange. However, South Korea’s strict capital controls and regulatory hurdles make this arbitrage difficult for most individual traders. This post Bitcoin’s Kimchi Premium Deepens to -3.6% as South Korean Discount Widens first appeared on BitcoinWorld .

2 Jun 2026, 00:03

Bullish Shift For TON: Price Breaks Above $2 Following Telegram CEO’s Gram News

Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above roughly $2.30 earlier in the day before cooling slightly. The jump came after Telegram founder and CEO Pavel Durov announced that The Open Network’s native token will be renamed from Toncoin to “Gram” over the next three weeks. TON Shift To ‘Gram’ Durov said the rebranding is more than marketing. “TON’s native currency is becoming Gram,” he wrote, adding that “Gram was the original name of TON’s currency in the first white paper.” In his message, he described the move as a return to the network’s roots and the start of what he called “a new chapter.” He also framed the rename as “step 4 of 7 to Make TON Great Again,” referring to a broader roadmap he has disclosed in his personal Telegram channel since May. Durov stated that the blockchain will remain called TON, and that the three-week transition will not require holders, validators, or DeFi integrations to take action. Existing TON balances, he said, will continue to function normally and will trade under the GRAM ticker once exchanges and wallets update their systems. Related Reading: BNB Extended Price Target Says $780 Is Coming, But What About $1,000? As reported by The Defiant, the Gram label carries the heaviest legal baggage in TON’s timeline. Telegram previously raised about $1.7 billion in two presale rounds in 2018 for “Gram” tokens that were never ultimately issued. Later, in October 2019, the US Securities and Exchange Commission (SEC) obtained an emergency action halting the offering, describing it as an unregistered securities sale. The legal fallout continued into a later resolution. A settlement reached in June 2020 required Telegram to return $1.2 billion to investors and pay an $18.5 million penalty. Three More Steps Coming Durov’s announcement also points to “step 4” as part of a sequence of upgrades he pushed through after taking over validator responsibilities in May. Under those earlier steps, the network rolled out Catchain 2.0, aimed at enabling sub-second block finality. Durov also highlighted Telegram’s role in validation, saying that Telegram itself became the network’s largest validator with millions of tokens staked via the messenger’s own infrastructure. Related Reading: Pundit Shares Why Most People Will Miss The XRP Run Still, there is more to come. Durov said three additional steps remain in his seven-step roadmap, though he has not publicly outlined what those steps will involve. Since Durov’s announcement earlier in the day, TON trades at $2.11 at the time of writing. Even with the pullback, the token is still showing major gains—up about 56% over the monthly period—though it remains roughly 75% below its all-time high of $8.25. Featured image created with OpenArt; chart from TradingView.com