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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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