The cryptocurrency market is abuzz with the news that ONDO has experienced a 9% price increase. This surge is primarily attributed to the circulating rumors that BlackRock, the world's largest asset manager, is in discussions with major crypto exchanges to expand the utilization of its tokenized fund, BUIDL, as collateral for derivatives trading. According to CoinDesk, the market response has been overwhelmingly positive, with traders and investors anticipating increased liquidity and stability in the derivatives market. This potential integration of BUIDL as collateral could significantly enhance the credibility and adoption of ONDO. At the time of writing, ONDO is trading at $0.7751, marking a notable 9.90% increase in value. This surge has repositioned ONDO among the top gainers in the cryptocurrency market. The prospect of BlackRock's involvement in the crypto space is seen as a major validation of the asset class. This collaboration could pave the way for wider institutional adoption of cryptocurrencies and the recognition of their role in the modern financial landscape. As the situation unfolds, industry experts and market participants are eagerly awaiting further developments in the BlackRock-BUIDL-ONDO saga. The potential implications for the cryptocurrency market are substantial, and any official announcement or confirmation from the parties involved is likely to trigger further price movements and market volatility.