cronos

According to financefeeds, cryptocurrency ETF issuer 21Shares US announced a strategic partnership with Crypto.com. The two parties plan to first launch a CRO private trust fund, followed by an application for ETF listing, allowing investors to hold CRO through traditional brokerages and retirement accounts, marking an important step towards the compliance and institutionalization of CRO.

According to a report by Cointelegraph, SPAC Yorkville Acquisition has appointed former Gryphon Digital Mining executives Steve Gutterman as CEO and Sim Salzman as CFO, and will merge with Trump Media (TMTG) and Crypto.com to form a digital asset treasury company focused on accumulating and staking the native token CRO of the Cronos blockchain (built by Crypto.com).The merger is expected to be completed in the first quarter of 2026. The merger plan was disclosed in September, with an initial purchase of 684.4 million CRO at a price of approximately $0.153 per token, totaling nearly $105 million, with half in stock and half in cash.After the merger, the new company will operate validator nodes on the Cronos network, staking CRO holdings and earning rewards.

According to Cointelegraph, the Bitcoin held by Trump Media & Technology Group is insufficient to support its balance sheet, and due to rising costs, the company reported a loss of $54.8 million in its third-quarter financial results.The company revealed last Friday that its net loss for the third quarter widened from $19.3 million in the same period last year. The company reported that its revenue for the quarter was $972,900, down from over $1 million a year ago. Trump Media's stock closed down 1.73% last Friday at $13.10, with a slight rebound in after-hours trading to $13.20.Trump Media reported that as of September 30, it held 11,542 Bitcoins (valued at $1.3 billion at that time). The company first announced plans to start purchasing Bitcoin in late July and disclosed plans to further increase its holdings while considering "acquiring other similar cryptocurrencies." Trump Media realized $15.3 million in gains from its Bitcoin options investments and recorded $33 million in unrealized gains from holding over 746 million Cronos.

Trump Media & Technology Group (TMTG) reported that its revenue for the third quarter of 2025 fell below $1 million, with a net loss of up to $54.8 million, nearly three times that of the same period last year.The company currently holds over 11,500 bitcoins, valued at over $1.3 billion; it also holds approximately 756 million Cronos (CRO) tokens, valued at about $110 million.It is reported that TMTG (stock code: DJT) has seen its stock price drop over 62% so far this year, and it fell again after the earnings report was released, currently closing at $13.10, with a total market capitalization of approximately $3.63 billion.

ChainCatcher news reports that, according to market news, since the Trump Media Group launched its CRO strategy last month, the native cryptocurrency Cronos (CRO) of the cryptocurrency platform Crypto.com’s Cronos chain has faced significant selling pressure.On August 26, after the Trump Media Group announced the establishment of a $6.4 billion Cronos reserve, the price of CRO immediately surged by 40%. However, according to CoinGecko data, the price of the token has since continued to decline, nearly erasing all gains, with CRO falling below $0.19 on Thursday, close to the level before the announcement. Since the peak driven by Trump-related news, Cronos's market capitalization has evaporated by over $6 billion, a decline of nearly 50%, with a market cap shrinking to $6.6 billion as of the time of writing. The token's market cap ranking has dropped out of the top 30 crypto assets, currently sitting at 33rd.

ChainCatcher news, crypto ETF issuer 21Shares has launched the 21Shares Cronos ETP (ticker: CRON) on the Euronext Paris and Euronext Amsterdam, providing investors with the opportunity to access the native token CRO of the Cronos blockchain.

ChainCatcher news, according to official sources, Cronos Labs has announced the appointment of Mirko Zhao as the head of Cronos, responsible for product and engineering.It is reported that Mirko has extensive experience in blockchain and DeFi, and will play a key role in driving the product strategy and incubation plans of Cronos Labs.

ChainCatcher news, regarding the proposal to restore the 70 billion CRO that were destroyed, which was voted through by Cronos, Sonic co-founder Andre Cronje (AC) posted on the X platform questioning and mocking: "Tomorrow, Cronos's market cap will rise from $2.5 billion to $8.5 billion, with just one vote, and this only requires one voter. 1. Market cap is a meme. 2. Decentralization doesn't matter until it matters. 3. Immutability doesn't matter until it matters."Previous news, the proposal to restore the 70 billion CRO by Cronos was voted through, raising questions in the community during the voting process.

ChainCatcher news reports that voting data on Mintscan shows that the proposal to restore the 70 billion CRO tokens that were destroyed has passed with a support rate of 62.18%. This proposal suggests restoring the 70 billion CRO tokens destroyed in 2021 to establish a strategic reserve for Cronos and will update network parameters and token distribution in the Cronos POS V5 upgrade.Additionally, according to Un Chained, the aforementioned proposal had slightly more votes in favor than against before March 16, but it had not yet reached the required quorum of 33.4% to take effect at that time. Just before the voting was about to close, 3.35 billion CRO tokens were added to the yes category, reaching the quorum, and the turnout far exceeded the maximum voting rate.Sources say that the problematic votes came from large validators operated by Crypto.com (including Starship, Falcon Heavy, Electron, Antares, and Minotaur IV), which control 70-80% of the total voting power. One token holder commented on the final result in Telegram, saying, "They (Crypto.com) voted almost at the last minute. Now they have set a precedent that other projects can follow."

ChainCatcher news, Layer1 blockchain Cronos is facing strong opposition due to a proposal to recover 70 billion CRO tokens that were destroyed in 2021. Early voting results on Mintscan show that 95.7% of participants voted against the plan. The voting is expected to end on March 17.Additionally, Cryptoslate reported that CRO advocate Wyll Bilderberg stated on the X platform: "Destruction is destruction; destroyed tokens should not be revived. I almost never oppose anything happening on Cronos, but today, I strongly oppose this. If this bill passes, it will only confirm that Cronos is highly centralized and therefore untrustworthy."In a previous news update, Cronos proposed to reissue 70 billion destroyed tokens to "create a strategic reserve for Cronos."

ChainCatcher news, the EVM-compatible blockchain Cronos proposed to reissue 70 billion previously destroyed tokens into a strategic reserve custody wallet, restoring the total supply of tokens to the initial supply of 100 billion CRO. The strategic reserve custody wallet will be subject to a new 5-year lock-up period in addition to the 5-year lock-up period that has already passed, resulting in a total vesting period of 10 years. Vesting will occur linearly on a monthly basis and will be managed through the native Cosmos SDK vesting account mechanism on the Cronos POS chain (technically, vesting occurs approximately every 30.4 days or 2,628,000 seconds). The official statement indicated that the Cronos strategic reserve custody wallet will operate under strict control mechanisms.Previously, Cronos had destroyed 70 billion CRO in 2021.

ChainCatcher news, according to Cointelegraph, Crypto.com has listed the launch of the Cronos (CRO) ETF as a priority for 2025 and plans to submit an application in the fourth quarter, highlighting the growing institutional trend in digital assets.Prior to this, Crypto.com planned to offer stock, stock options, and ETF trading on its platform starting in the first quarter, as well as launch banking features such as personal multi-currency accounts and cash savings accounts. Additionally, the exchange plans to release a new stablecoin in the third quarter, although specific details or supported fiat currencies have not yet been disclosed.A spokesperson for Crypto.com stated that these products are designed to "enhance user experience" and provide "the broadest range of financial investment services." Currently, the exchange has completed five out of six planned initiatives in its first-quarter roadmap and has launched institutional custody services ahead of schedule. Headquartered in Singapore, Crypto.com operates globally and has not disclosed the submission location for the ETF application. Previously, the exchange had obtained full licensing under the EU's Markets in Crypto-Assets Regulation (MiCA).

ChainCatcher news, according to Bitcoin.com, the blockchain startup accelerator Cronos Labs, dedicated to expanding the Cronos blockchain ecosystem, announced a strategic partnership with Google Cloud, making Google Cloud the primary cloud provider for the Cronos ecosystem and introducing it to Cronos validators to enhance on-chain performance.

ChainCatcher news, Cronos Labs announced that the Cronos zkEVM mainnet is officially live.Cronos zkEVM is a Layer-2 blockchain built on Ethereum, powered by ZKsync technology. Its testnet was launched in December 2023, processing millions of transactions and having over 3 million unique addresses.Cronos zkEVM uses zkCRO (a liquid staking version of $CRO) as the gas token.

ChainCatcher message, ZKsync posted on social media that Cronos zkEVM is an evolving dapp, builder, and user ecosystem, which has now joined Elastic Chain, allowing transactions with world-class applications built on other ZK Chains while providing a unified and intuitive user experience.

ChainCatcher news, Cronos announced the launch of the task aggregation platform Cronos Quests on the X platform. Projects hosting tasks on platforms like Galxe, QuestN, or projects providing rewards for crofam on the platform can visit the website and apply to list their tasks.

ChainCatcher news, Cronos's liquid staking protocol Veno Finance has announced its launch on zkSync Era. When zkSync Era users natively stake ETH, they will receive an equivalent amount of LETH tokens and can also earn additional yields using its DeFi protocol.It is reported that Veno Finance is a liquid staking protocol on the Cronos chain, recently launched on zkSync Era, aiming to achieve cost savings by leveraging its own node infrastructure and/or partner node infrastructure. Veno enables its users to stake their $CRO, $ATOM, or $ETH, and receive automatically compounded, yield-generating receipt tokens $LCRO, $LATOM, or $LETH on each chain respectively.

ChainCatcher news, according to CoinDesk, Cronos Labs, the developer behind the Cronos blockchain, announced a new Layer 2 network "Cronos zkEVM chain" in collaboration with Matter Labs, initially launched as a testnet, based on Matter Labs' software tools, which can be used to launch new Layer 2 and Layer 3 "hyperchains" on Ethereum.The testnet is supported by the ZK Stack software suite of zkSync, primarily developed by Matter Labs, and will add a new chain to the existing Cronos ecosystem, which currently consists of the Cronos EVM blockchain and the Cronos PoS chain. The goal for the Cronos zkEVM mainnet is to launch in the second quarter of 2024.

ChainCatcher news, according to CoinDesk, the blockchain incubation organization Cronos Labs has announced the launch of the third batch of accelerator program participant recruitment, aiming to recruit 8 startups to support early-stage crypto projects. The program lasts for 12 weeks, and the recruitment phase began on September 4.Cronos Labs has signed contracts with Google Cloud, Amazon Web Services (AWS), and blockchain security companies Paladin and Certik as mentors for the program.