ONDO token has surged past $0.46, reaching $0.465, marking a 24-hour gain of over 15%. This price rally comes in the wake of news about the China Securities Regulatory Commission's intensified crackdown on illegal cross-border operations by firms like Tiger. The regulatory actions have spurred increased market interest in real-world assets (RWA) and on-chain U.S. stock-related assets, contributing to ONDO's upward momentum.