The cryptocurrency market experienced a slight uptick on Monday, with Morpho (MORPHO) emerging as a significant winner, boasting double-digit gains over the past 24 hours. This surge follows the announcement of a strategic partnership aimed at launching the Ascend accelerator, alongside other real-world asset platforms.
Morpho Labs Joins Strategic Partnership to Launch Ascend
On Monday, Morpho Labs revealed its participation in a pivotal partnership that has culminated in the launch of Ascend.
Ascend RWA Accelerator co-led by @plumenetwork and @odisealabs
A RWA-focused accelerator with up to $500,000 in funding on Demo Day
Powered by Morpho https://t.co/MdFrHbA1Lq
— Morpho 🦋 (@MorphoLabs) August 4, 2025
The innovative initiative is designed as a startup accelerator targeted at the real-world asset market, promising funding of $500,000.
According to Plume Network, Ascend is “the first startup accelerator designed to transform ambitious RWA ideas into scalable protocols.”
Notable participants include Plume, Morpho, and Centrifuge, alongside Anchorage Digital, RWA.xyz, Keyrock, and OKX Ventures, all geared towards advancing the tokenization of real-world assets.
Morpho Labs, specializing in decentralized finance (DeFi) lending infrastructure, supports cryptocurrency-backed loans on Coinbase and serves as a major benefactor for the accelerator.
This collaboration underscores the growth in risk-weighted assets, with projects like Morpho standing out in the emerging landscape.
MORPHO Token Soars Amid Crypto Market Recovery
The MORPHO token has seen a noteworthy increase of 10% over the past 24 hours, rising from a low of $1.66 to $1.85.
This surge aligns with positive market sentiment surrounding RWA tokens and the launch of Ascend.
Additionally, it is reflective of a broader recovery in the cryptocurrency market, spurred by gains in U.S. stock indices.
On August 4, 2025, the S&P 500, Dow Jones Industrial Average, and technology-heavy Nasdaq Composite all posted gains, fueled by market expectations of a Federal Reserve interest rate cut.
The recovery follows last week’s drop, which saw Bitcoin dip to $114,000, dampening investor confidence across the ecosystem.
While US stocks have recovered from their Friday sell-off, yields on US government bonds have not. I suspect there are two reasons for this: (i) Stock investors have been conditioned for years to ‘buy the dip,’ a strategy that has worked very well; and (ii) there’s a widespread… pic.twitter.com/GKBxMs8PO5
— Mohamed A. El-Erian (@elerianm) August 4, 2025
As cryptocurrencies recover alongside equities, Bitcoin has climbed to $115,000.
The surge in RWA tokens positions MORPHO to potentially breach the $2.00 mark.
With gains also observed for Plume and Centrifuge, the upward momentum may propel MORPHO to heights of $2.50 by February, possibly setting the stage for a new all-time high in the coming months.
Previously, MORPHO reached an all-time high of $4.17 in January 2025.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
