The Citadel Securities investment of $400 million was the first institutional funding round for Crypto.com in its history.
Cronos rose 7.43% to $0.0597, leading today's gainers, while Lighter fell 10.43% to $2.18.
Cronos' integration of native stablecoins could enhance its role in DeFi, boosting security, compliance, and transaction volumes. Cronos integrates native USDC and EURC for DeFi and payments.
Circle has announced that native USDC, EURC, and its Cross-Chain Transfer Protocol (CCTP) are coming soon to the Cronos blockchain, signaling a push to expand stablecoin infrastructure and cross-chain interoperability on the network.
CRO's rally faces spot market selling despite bullish derivatives positioning.
Trump Media posted a $405.9M Q1 loss as Bitcoin and Cronos markdowns weighed on its crypto-heavy balance sheet.
The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
The crypto exchange will distribute a record $1 million Cronos (CRO) fighter bonus pool at the upcoming UFC fight at the White House.