
duytdcrypto
@duytd1
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Crypto.com’s Cronos (CRO) token price surged 30% to $0.10 after Trump Media and Technology Group (TMTG) announced a partnership with the exchange to develop an ETF. CRO trading volume increased nearly sixfold, from $21 million to $126 million, and daily transactions on CronoScan also doubled.
TMTG said the ETFs will include Bitcoin, Cronos and several other industries, under the “Truth.Fi” brand, targeting the U.S., Europe and Asia. The deal puts Trump’s media company in a partnership with Crypto.com, which was investigated by the SEC last year.
Additionally, in December, Trump transferred about 53% of his $4 billion stake in TMTG to a trust controlled by his son, Donald Trump Jr. 0 reply
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'Triple Witching' and Its Impact on Markets
Today is the "triple-witching" day, when about $4.5 trillion worth of derivatives contracts on stocks, indexes and ETFs expire.
The event typically causes volatility, forcing traders to adjust positions before the contracts expire.
Bitcoin, Ethereum and XRP prices fall
Bitcoin fell 2.4% to below $84,000.
Ethereum also fell 2.4% to $1,948.93, its lowest since November 2023.
XRP fell the most, 5.2%, after rumors that the SEC would drop its lawsuit against Ripple Labs.
Volatility Index (VIX) slightly rose
The VIX rose 5.6% to 20.78, but remained below its peak of 29.07 earlier last week. 0 reply
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