A Massive $6.4 Billion Treasury Initiative

On Tuesday, Trump Media & Technology Group announced a collaboration with Crypto.com to launch a $6.4 billion Cronos treasury. This move not only highlights the company’s confidence in digital assets but also serves as a strong signal for broader institutional adoption. Such large-scale initiatives often act as catalysts, drawing more attention from both retail and institutional investors.

Sharp Price Rally for Cronos

Immediately following the announcement, $CRO soared from $0.16 to $0.35, delivering gains of more than 100% to its holders. This rapid surge attracted massive interest across the market and pushed trading volumes significantly higher, showing how impactful institutional partnerships can be for token performance.

Cronos Hits a Three-Year High

The $6.4 billion treasury initiative, developed in collaboration with Yorkville, includes $1 billion worth of CRO, alongside cash reserves, stock warrants, and a $5 billion credit line. With this structure in place, Cronos has successfully climbed to its highest level in three years, marking an important milestone in its market history.

A Step Toward Greater Institutional Adoption

This partnership positions Trump Media & Technology Group as one of the largest institutional holders of the CRO token. Additionally, plans are underway to integrate CRO into the Truth Social platform. Such integration is expected to significantly increase the token’s utility and visibility, driving further interest not only from individual traders but also from institutions seeking exposure to crypto assets.

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The post Why is Cronos (CRO) Surging? appeared first on Coin Engineer.

According to the May 6 statement, the product enables exposure to CRO via traditional banks and brokers, removing the need for direct crypto wallet or exchange handling.

“With the Cronos ETP, we’re providing investors with regulated access to a blockchain ecosystem that is seeing real-world adoption,” said Mandy Chiu, Head of Product Development at 21Shares.

Cronos Ecosystem and Market Outlook

Cronos is a layer-1 blockchain that integrates with Ethereum and Cosmos, supporting DeFi, NFTs, and Web3 applications. Backed by Crypto.com, Cronos has a market cap of $2.3 billion and a fully diluted valuation of nearly $8.7 billion, according to CoinMarketCap.

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Data from DeFiLlama shows Cronos’ total value locked (TVL) stands at around $400 million. One of its core products, Crypto.com Staked ETH, accounts for nearly $64 million in TVL.

Surge In Altcoin Investment Products

Just a day earlier, VanEck filed in the US to launch an ETF for BNB, the native token of the Binance-affiliated BNB Chain. This marks the first US ETF filing for BNB.

21Shares has also submitted ETF proposals for Dogecoin, Polkadot, and Solana in the United States. In total, the SEC is reviewing over 70 cryptocurrency ETF applications.

The recent wave of filings follows President Donald Trump’s shift toward a more crypto-friendly regulatory stance, significantly easing industry expectations around ETF approvals.

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The post 21Shares Launches ETP for Crypto.com’s Cronos (CRO) in Europe appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 2.03% in value over the last 24 hours and is currently trading at $93,997. Bitcoin (BTC) has lost the previously mentioned $94,700 support level. If it starts rising again, the resistance level is $94,700. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has lost 0.42% in the last 24 hours and is currently trading at $3,393. The resistance levels for ETH are $3,440, followed by $3,535. The support levels are $3,290 and $3,217.

Zcash (ZEC): The ZEC/USDT pair has gained 14.08% in the last 24 hours and is currently trading at $69.23. The resistance levels for ZEC are $74.61 and later $79.37. The support levels are $67.36 and, in case of a deeper decline, $63.17.

Bittensor (TAO): The TAO/USDT pair has gained 7.37% in the last 24 hours and is currently trading at $493.29. The resistance levels for TAO are $507.6, followed by $529.4. The support levels are $438.7 and, if the decline deepens, $398.8.

Cronos (CRO): The CRO/USDT pair has gained 2.49% in the last 24 hours and is currently trading at $0.1599. The resistance levels for CRO are $0.1624 and later $0.1711. The support levels are $0.1523 and, in case of a deeper decline, $0.1432.

Trending Coins

The most trending coins in the crypto market in the last 24 hours are RabBitcoin (RBTC), Pudgy Penguins (PENGU), and Koma Inu (KOMA). The top gainers include Horizen (ZEN), Supra (SUPRA), and Fartcoin (FARTCOIN). On the other hand, the biggest losers are Moca Coin (MOCA), Ethena (ENA), and Fantom (FTM).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the most notable liquidation on the upper side is at $94,885 with $23.65 million. On the lower side, a significant liquidation is at $92,973 with $20.88 million.

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The post The Latest on Bitcoin and Cryptocurrencies: December 24 appeared first on Coin Engineer.