According to @veradittakit, this week saw major milestones as Coinbase was added to the S&P 500, Galaxy Digital uplisted to Nasdaq, and eToro completed its IPO, signaling increased mainstream adoption of crypto equities. The stablecoin market cap reached $230 billion, underlining strong institutional and retail demand for digital assets. Notably, Bitcoin held above the $100,000 mark, providing traders with bullish momentum. Additionally, JPMorgan executed its first transaction on a public blockchain, highlighting growing traditional finance integration with decentralized networks. These developments suggest heightened liquidity, increased institutional participation, and potential upward volatility in the crypto markets (source: @veradittakit, Twitter, May 17, 2025).

According to @AltcoinGordon, JPMorgan has successfully completed its first transaction on a public blockchain by utilizing Chainlink's infrastructure and the ONDO token to transfer tokenized treasuries beyond its internal network (source: Twitter, May 14, 2025). This move signifies a major step in institutional adoption of blockchain technology, enhancing interoperability between traditional finance and decentralized finance (DeFi). For traders, this development highlights growing mainstream confidence in tokenized assets, with direct relevance for ONDO and Chainlink price action. Increased integration of public blockchains by major banks like JPMorgan may drive liquidity and volatility in related cryptocurrencies.