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.

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.

Cronos crypto news hit fever pitch as CRO token rocketed 39% in a single day, smashing through its yearly high. NMR is pumping too.

(CRO/USD – source – TradingView)

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Cronos is Everywhere in The News Thanks To Trump

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.

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.

Cronos crypto news hit fever pitch as CRO token rocketed 39% in a single day, smashing through its yearly high. NMR is pumping too.

(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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BTC USD Battles Major Resistance: Will $5Bn Bitcoin Treasury Plan Trigger Next Bitcoin Price Leg?

Akiyama Felix

By Akiyama Felix

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 btc logoBTC ▲0.53% not just as a bet—but as a core asset. A curveball that no one saw coming.

Bitcoin
Price
Market Cap
BTC
$2.21T
24h7d30d1yAll time

Read the full story here.

The post [LIVE] Cronos and NMR Crypto Blasting To The Sky: What The F Trump Did To CRO appeared first on 99Bitcoins.





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