Cronos Soars 39% On $6.4B Trump Media And Crypto.com CRO Treasury Plan, ETH Jumps 4% As Standard Chartered Says It’s `Cheap:’ Market Wrap
Cronos soared 39% in the last 24 hours to trade at $0.223 as of 4:24 a.m. EST after Trump Media and Crypto.com unveiled a $6.4 billion CRO Treasury plan, while ETH jumped 4% as Standard Chartered said it’s still cheap. Other top gainers include Hyperliquid (HYPE) with an almost 10% pump, Story (8.7%), and Solana with close to a 7% gain. The crypto market overall climbed 1.5% to a market capitalization of $3.92 trillion. ETH recovered to surge over 4% to trade at $4,571. The top losers among major cryptos were Pendle (PENDLE) with a 3% tumble, Arbitrum (2.3%), and XDC Network (2.2%). Cronos Token Soars After Trump Media Plan To Unveil CRO Treasury Trump Media and Technology Group (TMTG), Crypto.com and Yorkville Acquisition Corp. announced a plan to form Trump Media Group CRO Strategy Inc., a digital asset treasury that is set to acquire $6.42 billion worth of CRO. After the CRO treasury is established, it’ll become the largest public CRO treasury to date. The company wi...