Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

CRO Token Soars 20% as Crypto.com Named Custodian for Truth Social’s Blue-Chip Crypto ETF

Source Tradingkey

TradingKey – On Wednesday, July 9, Cronos (CRO) — the native token of Crypto.com — surged over 20%, briefly breaking above the $0.10 mark before settling at $0.0945, fueled by news that Crypto.com will serve as the exclusive custodian for the upcoming Truth Social Blue-Chip Crypto ETF.

CRO- Price -Chart – Source: TradingView
CRO Price Chart – Source: TradingView.

According to a recent SEC filing, the ETF — sponsored by Trump Media’s Truth Social—will track five major digital assets:

Bitcoin (BTC) – 70%
Ethereum (ETH) – 15%
Solana (SOL) – 8%
Cronos (CRO) – 5%
Ripple (XRP) – 2%

What’s especially notable is that Crypto.com, not Coinbase, was selected as the ETF’s custodian and primary execution agent, responsible for staking services and liquidity support. This marks a major institutional win for Crypto.com and a significant milestone for the Cronos ecosystem.

While CRO has rallied sharply on the news, it still trades well below its 2021 all-time high of $0.95, suggesting that stronger catalysts may be needed for a full recovery to previous peaks.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Author Beincrypto

Dec 17, 2024

Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 Support Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Author Mitrade

Feb 03, Tue

Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investors Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Author FXStreet

Feb 05, Thu

Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da

Author TradingKey

Feb 05, Thu

The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da

Bitcoin Surrenders $65,000 as Analysts Warn of ‘Structural’ Market Break Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.

Author Mitrade

Feb 06, Fri

Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.

Popular Symbols