Trump Media & Technology Group has terminated its $6.42 billion crypto treasury business combination with Crypto.com and Yorkville, citing market conditions and shifting priorities. The canceled plan involved creating a company to manage Cronos tokens but will be replaced by a marketing partnership to promote Crypto.com’s prediction products on Truth Social instead of direct integration. Trump Media is now prioritizing its pending $6 billion merger with fusion energy company TAE Technologies, aiming to close in 2026. Despite the cancellation, Trump Media retains significant crypto holdings and maintains other partnerships with Crypto.com.
In a three-hour span ending October 22, four cryptocurrency transfers worth a combined $214.4 million were sent to exchanges. The largest was a 1,000 Bitcoin (BTC) deposit valued at $81.7 million to Coinbase. Other transfers included 663 BTC to Bitfi...
The CRO token traded at around $0.056 on October 22, down about 4% in the past 24 hours and roughly 26% below its September high. This decline coincides with a scheduled reserve vesting installment set for November 16, 2026, part of a five-year locku...
Cronos (CRO) price fell to around $0.056 on October 22, losing much of its recent gains as buyers struggle to hold support between $0.055 and $0.056. The token faces resistance near $0.060, with trading volume down since September, indicating weak bu...
On October 17, the Cronos network released 1.17 billion CRO tokens, about 2.33% of the circulating supply, valued between $69.5 million and $73 million. These tokens went to the network's Strategic Reserve, not to the team or early investors, meaning...
