World · Institutional · United States ·
Trump Media terminates Crypto.com treasury and prediction market deal
Trump Media, the parent company of Truth Social, announced it is unwinding its agreement with Crypto.com to create a multibillion-dollar CRO token treasury. The company is refocusing on media and its merger with a fusion energy firm.
Why it matters for the crypto market
The termination signals cooling interest in crypto-treasury deals and reflects shifting priorities among legacy companies; it follows a broader retreat from digital asset corporate strategies.
Source: coindesk.com
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