World · Institutional · United States ·
Trump Media scraps Crypto.com treasury deal, pulls back from crypto
Trump Media has terminated its agreement with Crypto.com to create a multi-billion-dollar CRO token treasury and will not integrate prediction markets into Truth Social. The company is refocusing on media and a pending merger with a fusion energy firm.
Why it matters for the crypto market
The collapse of a high-profile institutional treasury deal signals weakening momentum in the crypto assets-as-corporate-treasury trend and reduces a major platform's integration with digital assets.
Source: coindesk.com
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