Cronos crypto news hit fever pitch as CRO token rocketed 39% in a single day, smashing through its yearly high above $0.20. It is exciting for CRO as Trump Media comes with a bold move into the crypto.com coins. The Trump-Crypto.com partnership news is shaking up the scene, jumbling politics and crypto in unexpected ways.
It is not the first Trump crypto rodeo; he has been known to be a crypto-friendly president. Not only did he launch his namesake coin, and of course, his family members’, but he also says that crypto will fix the traditional finance flaws.
https://twitter.com/rovercrc/status/1946411378249466152?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Yesterday, following his stance on crypto, Trump Media Group CRO Strategy emerged in the news from a SPAC deal with Yorkville Acquisition, focusing on building a $6.4 billion treasury stacked with CRO. They have already snapped up $105 million worth of CRO, or about 2% of supply. This not only locks in major news, but also the company plans to stake and generate yields on the Cronos crypto network.
(CRO/USD – source – TradingView)
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The new entity is on the path to grab 6.3 billion CRO tokens, or about 19% of its circulating supply. Once it had that, it will slash the available supply and pressuring the price to go higher. For Trump Media, though, Staking yields that hovers at 4-6% is giving them a steady income play.
Further adding something to the news, Crypto.com flips the script by buying $50 million in Trump Media’s DJT stock, pumping the stock together with Cronos.
https://twitter.com/ReesePolitics/status/1960324413649277033?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Integration rolls out on Truth Social and Truth+ will let users earn CRO rewards for posts and interactions as the first implemented utility. Subscriptions will be paid via Crypto.com wallets, exposing crypto to retails. New features like crypto ETFs, including Bitcoin and CRO options, will also add layers to the platform.
DJT stock also climbed 10% on the news, an event of cross-market ripples. Cronos crypto news is now exciting with over $300 million in 24-hour volume. The treasury mimics Bitcoin plays from firms like MicroStrategy and Lubin’s Sharplink Gaming.
(DJT/USD – source – TradingView)
On the other news, Numeraire NMR also joining the Cronos rally, spiking over 100%, and landing the crypto to gainers ranking. JPMorgan comes with $500 million commitment to Numerai’s AI hedge fund to double the assets under management from $450 million.
Today, both tokens are in the top gainers’ lists. NMR is not stopping and Cronos crypto news dominates. Market is rebounding, and these both NMR and Cronos news is hinting at crypto treasury trends.
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HBAR is lighting up the crypto markets as Hedera lands a deal with SWIFT in $150T cross-border payment testing. This could be the start of real adoption, blending blockchain efficiency with the world’s banking rails.
But can HBAR really break past $0.30 in September? Traders are watching closely as the price consolidates near support. A breakout could be explosive, but failure to hold $0.23 risk short-term downside, and suspense is building on the charts.
Read the full story here.
BTC/USD is holding steady around $111,000, but don’t let the quiet fool you. Beneath the surface, momentum is building. Although the chart is looking boring, a fresh wave of institutional excitement, led by a surprising player, might kick off the Bitcoin price to the next major leg.
KindlyMD, a healthcare company has recently merged with a Bitcoin-forward partner. They have just announced a massive $5 billion equity raise to stack Bitcoin.
The plan? Use the cash to build out treasury and join the growing list of companies treating
Read the full story here.
The post Cronos and NMR Crypto Blasting To The Sky: What The F Trump Did To CRO appeared first on 99Bitcoins.
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