Trump Media, Crypto.com, and Yorkville Acquisition have mutually ended their planned business combination to form Trump Media Group CRO Strategy, a digital asset treasury company focused on the CRO token. The decision was driven by current market conditions and shifting business priorities. Following the announcement, the CRO token dropped over 4%. Crypto.com CEO Kris Marszalek stated that after thorough review, proceeding under current market conditions was not viable. Crypto.com will explore other ETF opportunities and alternative ways to use the CRO token to boost revenue and ecosystem growth. The companies also ended a related partnership involving Crypto.com servicing Yorkville America ETF offerings, though Yorkville's ETF plans remain unchanged otherwise.
Trump Media has canceled its plans with Crypto.com to create a publicly traded company for accumulating and staking Crypto.com's CRO token, citing changing market conditions and business priorities. The company is also dropping a separate Crypto.com ...
Dubai Duty Free has launched a new payment option allowing customers to pay with Shiba Inu (SHIB) and 29 other cryptocurrencies through the Crypto.com Pay gateway at Dubai International (DXB) and Al Maktoum International (DWC) airports, as well as on...
Trump Media and Technology Group transferred 2,628 BTC valued at about $165 million to Crypto.com wallets, sparking speculation of a sale. However, the company confirmed the bitcoin was moved but not sold, similar to a previous transfer in May. These...
Trump Media transferred 2,628 bitcoins worth about $165 million to Crypto.com, reducing its bitcoin holdings to roughly 4,261 coins, which matches the amount pledged as collateral for its convertible notes. The company, which bought 11,542 bitcoins n...
