Ondo Puts the BlackRock Playbook Onchain

Chart of the Day — EPS surging
Trade of the Day — Huge META breakout
Alpha Leaks — Private transactions on Bitcoin?
News Roundup — Ondo × BlackRock, two crypto hacks, dividend payment change at Strategy

EPS Surging = Not a Bubble?

When it comes to stock market bubbles, one sign that a bubble is developing would be if you have soaring multiple expansions without earnings growing at a matching pace. So, if we want to know how bubble-like the AI market is right now, then we can take a look at relevant earnings-per-share.

And the above chart from Bloomberg shows that in fact, Nasdaq-100 earnings are increasing at an unprecedented rate, with the earnings-per-share growth rate rising above 50%, while Nasdaq-100 revenue growth is above 30%.

Or in other words, we’ve got the kind of surging expansion that indicates meaningful tech acceleration rather than empty speculation.

Trade of the Day: Meta Breaks to the Upside

Last time we looked at Meta, we anticipated that it would mean-revert after meeting resistance at the top of a huge triangle range, but in fact, it blasted through to the upside with strong volume, so it’s time to reassess the chart.

Considering the strength of the move, this looks like continuation higher is possible over a multi-month timeframe, and so any pullback towards the low 700s can be an opportunity to position.

Go Premium for the full details on this setup and many others, including entry points, invalidations, and take profit targets. Inner Circle members are profiting from both long and short positions in all market conditions, so go Premium now for the latest signals.

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Ondo and BlackRock Collaborate on Tokenized Portfolios

Ondo Finance has launched three tokenized portfolios that use investment strategies developed by BlackRock. These are called Intelligent Portfolios, and the key selling point is in allowing investors to buy and sell a basket of investments through a single onchain token.

The three options serve distinct goals:

● Ondo High Income: focuses on income through a range of bond ETFs.

● Ondo Diversified Growth: combines stocks with bonds, and includes BTC exposure, for a more balanced growth strategy.

● Ondo High Growth: prioritises capital appreciation, with a model allocation of 95% stocks and 5% BTC exposure.

While BlackRock supplied the investment models, Ondo issues the tokens and runs the portfolios, and the tokens will initially utilize Ethereum and BNB Chain, with plans to expand to Solana.

As these are tokenized assets, that means–as is usual with crypto tokens–that they can be held in a self-custody wallet, transacted onchain 24/7, and they are composable across DeFi protocols.

Bitget and Magic Eden Hacked

There were two crypto security breaches last week, with both Bitget and Magic Eden hacked.

First, major exchange Bitget lost $351.6M after attackers–believed to be linked to North Korea–broke into its wallet infrastructure and falsified transaction data to get transfers approved, although the platform’s cold storage and separate self-custody wallets were unaffected.

Withdrawals on the exchange remain suspended but are set to resume in stages–Bitget has released a resumption schedule–while the exchange has stated that its User Protection Fund, which is worth more than $464M, will cover all losses.

And meanwhile, over at NFT marketplace Magic Eden, a vulnerability in an outdated payment processor resulted in NFTs and WETH being stolen. Magic Eden actually stopped using the processor in 2024, but approvals remained active, meaning user wallets could be exploited.

Researchers from Yuga Labs were subsequently able to recover a large amount of assets using the same vulnerability, and Magic Eden has posted advice on how to revoke the at-risk contract.

Strategy Proposes Daily Dividends

Michael Saylor’s Strategy wants to pay dividends daily on its four preferred stocks: STRC, STRD, STRF and STRK. The board has approved a proposal to make this change, and shareholders will now vote on the proposal at the end of October.

Under the new system, dividends would accrue each calendar day, with payments on the next business day, but the switch would leave the actual dividend rates unchanged.

STRC currently pays out twice a month, having shifted from monthly payments in June, while the other three stocks pay quarterly, and Saylor posted that “the proposed changes aim to support price stability, liquidity, and demand”.

If approved, STRC’s new schedule would start on November 1, while STRD, STRF and STRK would follow in January 2027.

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