Latest news with #Cronos
Yahoo
12 hours ago
- Business
- Yahoo
Cronos Jumps 18% After Trump Media ETF Proposal Lists Token Among Holdings
Cronos (CRO), the native token of the blockchain, surged nearly 18% to $0.095 Wednesday following news that it could be included in a new exchange-traded fund (ETF) backed by Trump Media & Technology Group. The proposed ETF, which is awaiting approval from the U.S. Securities and Exchange Commission, would track a basket of five cryptocurrencies: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO). If approved, CRO would make up 5% of the fund's weighting—its smallest component, but still a notable addition for a token that's rarely featured in major institutional products. That news sent CRO soaring from about $0.08 Tuesday morning, outpacing the broader crypto market. The CoinDesk 20 Index, which tracks the top digital assets, rose just 2.8% over the same period. While the bump is significant, CRO remains a shadow of its former self. The token peaked at $0.69 in November 2021 during the last bull market. It saw a short-lived revival in December 2024, rising to $0.21 amid a market rally that followed Donald Trump's election to a second term. That rally, however, faded fast. The ETF development has brought new attention to CRO, a token that powers ecosystem including its exchange and payments app. Still, the token has a long climb to reach its former highs. Traders appear to be reacting to the possibility of increased institutional exposure, but the SEC has yet to approve the fund. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
19 hours ago
- Business
- Time of India
After XRP, Cronos (CRO) jumps 20% as Truth Social adds it to ETF with Bitcoin and Ethereum — is CRO the next to explode?
Cronos (CRO) surged over 20% after Truth Social announced its inclusion in the upcoming Crypto Blue-Chip ETF set to launch on the NYSE Arca exchange. This move sparked massive trading activity, with volume rising by 2000% in just one day. Trump's public support for CRO and CEO Kris Marszalek further boosted investor confidence. With CRO now part of a major ETF alongside Bitcoin, Ethereum, XRP, and Solana, institutional interest is rapidly growing. This development highlights the rising role of regulated crypto ETFs and could mark a turning point for CRO's long-term market adoption. Cronos (CRO) price skyrocketed 20% after its inclusion in a major crypto ETF alongside Bitcoin, XRP, and Ethereum. As XRP gained 4%, CRO outperformed, attracting massive trading volume and investor interest. This bullish momentum positions Cronos as a potential breakout altcoin in the evolving institutional crypto investment landscape. Tired of too many ads? Remove Ads Cronos (CRO) surges 20% after ETF inclusion Price spike : CRO jumped over 20% , reaching highs near $0.0995 , up from ~$0.08. : CRO jumped over , reaching highs near , up from ~$0.08. Trading volume : Increased over 2,000% , hitting ~$245M in 24 hours. : Increased over , hitting ~$245M in 24 hours. Catalyst : Added to a new Crypto Blue-Chip ETF alongside Bitcoin, Ethereum, and XRP. : Added to a new alongside Bitcoin, Ethereum, and XRP. ETF allocation : CRO holds a 5% share, higher than XRP's 2%. : CRO holds a share, higher than XRP's 2%. Trump endorsement : Donald Trump publicly stated, "I like CRO, I like Kris ( CEO)." : Donald Trump publicly stated, "I like CRO, I like Kris ( CEO)." Market reaction : Retail and institutional traders rushed in, but on-chain metrics like staking stayed flat. : Retail and institutional traders rushed in, but on-chain metrics like staking stayed flat. Technical outlook: Needs to hold support at $0.089–$0.09; next resistance is near $0.10–$0.11. Why did Cronos (CRO) surge 20% after the Truth Social ETF announcement? Tired of too many ads? Remove Ads How is Truth Social's ETF changing the game for altcoins like CRO and XRP? What role did Donald Trump's endorsement play in the CRO rally? Is the CRO price rally supported by long-term investor activity? Bitcoin (BTC) holds steady near $110K Current price : Around $109,711 , up modestly intraday. : Around , up modestly intraday. ETF impact : Holds the largest weight (70%) in the ETF. : Holds the in the ETF. Investor outlook: Strong institutional interest continues as BTC remains the anchor asset. Ethereum (ETH) gains momentum Price update : Trading at $2,664 , up over 3.2% today. : Trading at , up over today. ETF allocation : Assigned 15% within the ETF basket. : Assigned within the ETF basket. Trend: Up 5.8% over the past week, riding the wave of growing ETF inflows. XRP posts modest 4% gain Current price : Around $2.39 , up roughly 4% intraday. : Around , up roughly intraday. ETF share : Smallest allocation at 2% , yet still attracted investor attention. : Smallest allocation at , yet still attracted investor attention. Market behavior: While XRP rose, it underperformed CRO's breakout. What's next for Cronos (CRO) as it gains institutional spotlight? Tired of too many ads? Remove Ads What does CRO's ETF inclusion mean for the broader crypto market? Is CRO ready for the next phase of institutional adoption? Key takeaways CRO led the pack , outperforming Bitcoin, Ethereum, and XRP. , outperforming Bitcoin, Ethereum, and XRP. Truth Social's ETF added credibility and media buzz, especially with Trump's backing. added credibility and media buzz, especially with Trump's backing. Institutional interest is surging, but SEC approval remains a key hurdle. is surging, but remains a key hurdle. Watch closely: CRO's next moves will depend on ETF launch, SEC decision, and further ecosystem growth. FAQs: Cronos (CRO) made headlines on July 9, 2025, after Truth Social announced the inclusion of the digital asset in its upcoming Crypto Blue-Chip ETF . Following the announcement, CRO surged over 20%, and its trading volume exploded by a staggering 2000% in a single day. This move sent a strong signal that institutional interest in altcoins like CRO is growing rapidly, especially as traditional financial platforms inch closer to embracing cryptocurrencies through structured investment 20% intraday price surge in Cronos (CRO) was directly triggered by Truth Social's plan to include CRO in its Crypto Blue-Chip ETF, which is set to launch on the NYSE Arca exchange. The ETF aims to offer regulated spot exposure to major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and now, announcement not only boosted CRO's value but also sent its daily trading volume soaring by 2000%, marking one of the sharpest single-day trading spikes in recent crypto market activity. It showed how ETF-driven news can significantly influence altcoin prices in the short Truth Social ETF, backed by growing institutional demand for regulated crypto exposure, is a major step toward integrating digital assets with traditional finance. The ETF will allocate 70% to Bitcoin, while the rest will be split among Ethereum, Solana, XRP, and CRO jumped 20%, XRP's price remained relatively stable, highlighting different levels of investor excitement and speculation around each coin. This shows that not all ETF inclusions lead to the same reaction—CRO's surge points to unique investor confidence in the Cronos network and its future potential.U.S. President Donald Trump's public support added another boost to the rally. At the ETF announcement, Trump stated, 'I like CRO, I like Kris,' referring to CEO Kris Marszalek. This brief but impactful endorsement gave CRO even more media attention, making it a trending topic on social media and within investor connection to Truth Social also helped draw retail and institutional eyes to the ETF. While endorsements alone don't build long-term value, they can spark momentum and speculation, especially in a sentiment-driven market like despite the sharp price increase and trading volume spike, on-chain data like staking volumes remained stable. This suggests that the rally was largely fueled by short-term trading and speculation, rather than long-term holding or network said, if institutional players continue to adopt CRO through ETFs or other vehicles, the coin may eventually see more organic growth. But for now, investors should be cautious of the volatility surrounding news-based future of CRO depends on multiple factors, starting with the approval of the ETF by the U.S. Securities and Exchange Commission (SEC). Regulatory clarity will be key for institutional money to flow in consistently. In addition, developments in the Cronos ecosystem and increased utility for the CRO token will help solidify its position in a competitive altcoin ETF's listing on the NYSE Arca exchange brings added credibility and accessibility for institutional investors. As more funds seek regulated ways to enter the crypto space, CRO's inclusion in such products could drive long-term demand—but only if the fundamentals keep Social's ETF isn't just a win for CRO. It also reflects a broader shift in how Wall Street views digital assets. By offering a diversified crypto investment vehicle, the ETF lowers the barrier for traditional investors to enter the altcoins like CRO and XRP shows that institutional portfolios are expanding beyond just Bitcoin and Ethereum. If successful, this ETF could open doors for more altcoins to be considered for similar products in the (CRO) has gained a major spotlight with its addition to Truth Social's Crypto ETF, triggering a massive short-term rally. But the real test lies ahead—whether the project can attract sustained interest through technology improvements, partnerships, and now, CRO investors have a reason to be optimistic, but regulatory approval, market sentiment, and ecosystem growth will determine whether this momentum translates into long-term Truth Social included CRO in its new Crypto ETF, boosting investor a regulated ETF listing Bitcoin, Ethereum, XRP, CRO, and Solana on NYSE Arca.
Economic Times
19 hours ago
- Business
- Economic Times
After XRP, Cronos (CRO) jumps 20% as Truth Social adds it to ETF with Bitcoin and Ethereum — is CRO the next to explode?
Synopsis Cronos (CRO) surged over 20% after Truth Social announced its inclusion in the upcoming Crypto Blue-Chip ETF set to launch on the NYSE Arca exchange. This move sparked massive trading activity, with volume rising by 2000% in just one day. Trump's public support for CRO and CEO Kris Marszalek further boosted investor confidence. With CRO now part of a major ETF alongside Bitcoin, Ethereum, XRP, and Solana, institutional interest is rapidly growing. This development highlights the rising role of regulated crypto ETFs and could mark a turning point for CRO's long-term market adoption. Cronos (CRO) price skyrocketed 20% after its inclusion in a major crypto ETF alongside Bitcoin, XRP, and Ethereum. As XRP gained 4%, CRO outperformed, attracting massive trading volume and investor interest. This bullish momentum positions Cronos as a potential breakout altcoin in the evolving institutional crypto investment landscape. XRP News Today: Cronos (CRO) price jumps 20% after Truth Social ETF sparks massive investor interest- Cronos (CRO) made headlines on July 9, 2025, after Truth Social announced the inclusion of the digital asset in its upcoming Crypto Blue-Chip ETF. Following the announcement, CRO surged over 20%, and its trading volume exploded by a staggering 2000% in a single day. This move sent a strong signal that institutional interest in altcoins like CRO is growing rapidly, especially as traditional financial platforms inch closer to embracing cryptocurrencies through structured investment products. Price spike : CRO jumped over 20% , reaching highs near $0.0995 , up from ~$0.08. : CRO jumped over , reaching highs near , up from ~$0.08. Trading volume : Increased over 2,000% , hitting ~$245M in 24 hours. : Increased over , hitting ~$245M in 24 hours. Catalyst : Added to a new Crypto Blue-Chip ETF alongside Bitcoin, Ethereum, and XRP. : Added to a new alongside Bitcoin, Ethereum, and XRP. ETF allocation : CRO holds a 5% share, higher than XRP's 2%. : CRO holds a share, higher than XRP's 2%. Trump endorsement : Donald Trump publicly stated, "I like CRO, I like Kris ( CEO)." : Donald Trump publicly stated, Market reaction : Retail and institutional traders rushed in, but on-chain metrics like staking stayed flat. : Retail and institutional traders rushed in, but on-chain metrics like staking stayed flat. Technical outlook: Needs to hold support at $0.089–$0.09; next resistance is near $0.10–$0.11. The 20% intraday price surge in Cronos (CRO) was directly triggered by Truth Social's plan to include CRO in its Crypto Blue-Chip ETF, which is set to launch on the NYSE Arca exchange. The ETF aims to offer regulated spot exposure to major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and now, CRO. The announcement not only boosted CRO's value but also sent its daily trading volume soaring by 2000%, marking one of the sharpest single-day trading spikes in recent crypto market activity. It showed how ETF-driven news can significantly influence altcoin prices in the short term. The Truth Social ETF, backed by growing institutional demand for regulated crypto exposure, is a major step toward integrating digital assets with traditional finance. The ETF will allocate 70% to Bitcoin, while the rest will be split among Ethereum, Solana, XRP, and CRO. While CRO jumped 20%, XRP's price remained relatively stable, highlighting different levels of investor excitement and speculation around each coin. This shows that not all ETF inclusions lead to the same reaction—CRO's surge points to unique investor confidence in the Cronos network and its future potential. U.S. President Donald Trump's public support added another boost to the rally. At the ETF announcement, Trump stated, 'I like CRO, I like Kris,' referring to CEO Kris Marszalek. This brief but impactful endorsement gave CRO even more media attention, making it a trending topic on social media and within investor circles. Trump's connection to Truth Social also helped draw retail and institutional eyes to the ETF. While endorsements alone don't build long-term value, they can spark momentum and speculation, especially in a sentiment-driven market like crypto. Interestingly, despite the sharp price increase and trading volume spike, on-chain data like staking volumes remained stable. This suggests that the rally was largely fueled by short-term trading and speculation, rather than long-term holding or network activity. That said, if institutional players continue to adopt CRO through ETFs or other vehicles, the coin may eventually see more organic growth. But for now, investors should be cautious of the volatility surrounding news-based rallies. Current price : Around $109,711 , up modestly intraday. : Around , up modestly intraday. ETF impact : Holds the largest weight (70%) in the ETF. : Holds the in the ETF. Investor outlook: Strong institutional interest continues as BTC remains the anchor asset. Price update : Trading at $2,664 , up over 3.2% today. : Trading at , up over today. ETF allocation : Assigned 15% within the ETF basket. : Assigned within the ETF basket. Trend: Up 5.8% over the past week, riding the wave of growing ETF inflows. Current price : Around $2.39 , up roughly 4% intraday. : Around , up roughly intraday. ETF share : Smallest allocation at 2% , yet still attracted investor attention. : Smallest allocation at , yet still attracted investor attention. Market behavior: While XRP rose, it underperformed CRO's breakout. The future of CRO depends on multiple factors, starting with the approval of the ETF by the U.S. Securities and Exchange Commission (SEC). Regulatory clarity will be key for institutional money to flow in consistently. In addition, developments in the Cronos ecosystem and increased utility for the CRO token will help solidify its position in a competitive altcoin market. The ETF's listing on the NYSE Arca exchange brings added credibility and accessibility for institutional investors. As more funds seek regulated ways to enter the crypto space, CRO's inclusion in such products could drive long-term demand—but only if the fundamentals keep pace. Truth Social's ETF isn't just a win for CRO. It also reflects a broader shift in how Wall Street views digital assets. By offering a diversified crypto investment vehicle, the ETF lowers the barrier for traditional investors to enter the space. Including altcoins like CRO and XRP shows that institutional portfolios are expanding beyond just Bitcoin and Ethereum. If successful, this ETF could open doors for more altcoins to be considered for similar products in the future. Cronos (CRO) has gained a major spotlight with its addition to Truth Social's Crypto ETF, triggering a massive short-term rally. But the real test lies ahead—whether the project can attract sustained interest through technology improvements, partnerships, and adoption. For now, CRO investors have a reason to be optimistic, but regulatory approval, market sentiment, and ecosystem growth will determine whether this momentum translates into long-term gains. CRO led the pack , outperforming Bitcoin, Ethereum, and XRP. , outperforming Bitcoin, Ethereum, and XRP. Truth Social's ETF added credibility and media buzz, especially with Trump's backing. added credibility and media buzz, especially with Trump's backing. Institutional interest is surging, but SEC approval remains a key hurdle. is surging, but remains a key hurdle. Watch closely: CRO's next moves will depend on ETF launch, SEC decision, and further ecosystem growth. Q1. Why did Cronos (CRO) price jump 20% on July 9, 2025? A1. Because Truth Social included CRO in its new Crypto ETF, boosting investor interest. Q2. What is the Truth Social Crypto Blue-Chip ETF? A2. It's a regulated ETF listing Bitcoin, Ethereum, XRP, CRO, and Solana on NYSE Arca.
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Business Standard
a day ago
- Business
- Business Standard
Crypto market update: Here's how BTC, ETH, and altcoins are faring today
The crypto markets were buzzing in trade on Wednesday, July 9, 2025, with the flagship currency, Bitcoin (BTC), holding above the $108,800 level. Bitcoin briefly touched near $109,200; however, profit-taking at higher levels pulled the price back toward current levels. At last check, Bitcoin was trading around $108,812.74, higher by 0.57 per cent, with a 24-hour trading volume of $4.93 billion. Bitcoin's market capitalisation stood at $2.16 trillion, the highest among all cryptocurrencies. The world's most popular cryptocurrency has fluctuated in the range of $108,126–$109,198 in the last 24 hours, according to data from CoinMarketCap. Commenting on the crypto market, Edul Patel, Co-founder and CEO of Mudrex, said, "The market is gaining momentum as the US Digital Asset Task Force prepares to propose a strategic Bitcoin reserve policy later this month." This development, Patel believes, has lifted market sentiment, pushing Bitcoin toward the $109,000 mark. Ethereum eyes breakout Meanwhile, Ethereum (ETH) has been trading in a range of $2,544 to $2,626 with low volumes. At last check, it was trading around $2,608.94, higher by 2.42 per cent, with a 24-hour trading volume of $17.47 billion. ETH's market capitalisation stood at $316.6 billion. "Ethereum is building strength, with corporate treasuries like SharpLink and BitMine accumulating nearly 388,000 ETH," said Patel. Additionally, Ethereum spot ETFs have seen positive flows for eight straight weeks, with over 61,000 ETH added—showing strong institutional demand. If the momentum sustains, Patel believes ETH could see a breakout above $2,643, potentially testing the $2,800 level. Harish Vatnani, head of trade at ZebPay, on the other hand, believes that Ethereum has strong support at the $2,350 level, while $2,675 and $2,850 will act as key resistance levels. "To further rally, ETH needs to break, close, and sustain above the mentioned resistance levels," said Vatnani. Altcoins rally Alongside Bitcoin and Ethereum, other altcoins within the top 10 displayed strength and were trading above their respective support levels. The top gainer for the day was Cronos, which surged over 20 per cent, with a rise in 24-hour volume of nearly 2,000 per cent. It was followed by Raydium, FLOKI, and SPX6900, which saw gains ranging from nearly 7 per cent to 10 per cent. The laggards for the day were Fartcoin and Story, each falling nearly 3 per cent, according to the CoinDCX Research Team. Among other popular cryptocurrencies, Hyperliquid (HYPE) was trading higher by 5 per cent, Cardano (ADA) was up 3.5 per cent, Solana (SOL) rose 2.37 per cent, Ripple (XRP) gained 2.56 per cent, and Binance Coin (BNB) was up 0.74 per cent.
Yahoo
2 days ago
- Business
- Yahoo
Trump Media Furthers Push Into Crypto With Third ETF Filing
(Bloomberg) — Trump Media & Technology Group Corp. (DJT, DJTWW) is plowing deeper into the cryptocurrencies space with a new filing for an exchange-traded fund that would hold a number of digital assets including Bitcoin (BTC-USD), Ether, Solana and others. Are Tourists Ruining Europe? How Locals Are Pushing Back Denver City Hall Takes a Page From NASA In California, Pro-Housing 'Abundance' Fans Rewrite an Environmental Landmark Can Americans Just Stop Building New Highways? A Tuesday filing showed the social-media firm owned by President Donald Trump seeking to launch the 'Crypto Blue Chip' fund, with the paperwork marking its third ETF filing. The fund, should it launch, would hold Bitcoin, Ether, Solana, Cronos and XRP directly, though nearly three-quarters of it would be comprised of Bitcoin, the largest token in the market. Though ETFs holding Bitcoin and Ether already trade in the US, no such funds hold Cronos or XRP directly. It marks Trump Media's third filing for crypto-based ETFs, with the firm having filed for a Bitcoin-Ether product as well as one tied solely to Bitcoin. Should any of them launch, they'd join a crowded field of crypto-minded offerings, as more than 10 Bitcoin-specific funds already trade in the US, as do many other digital-asset-based products. The Trump Media offerings would also present direct competition for issuers vying to stand out in the space. Earlier: Trump Media Deepens Crypto Push With Bitcoin–Ether ETF Filing Trump Media is the company behind Truth Social and is majority-owned by the president. The president's deepening crypto ties have drawn criticism from ethics experts, who point to the potential for financial gain in areas where Trump also sets policy. The White House has said the president is walled off from his namesake businesses. The president had embraced the crypto industry during his presidential run and has made good on a number of promises. The price of Bitcoin has risen during Trump's second term, with the coin increasing roughly 55% since October to currently trade around $108,900 apiece. Will Trade War Make South India the Next Manufacturing Hub? 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too For Brazil's Criminals, Coffee Beans Are the Target Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
