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Trump Media and Crypto.com's $6 Billion Cronos Treasury Inches Closer to Public Debut
Yahoo Finance· 2025-12-01 16:53
Group 1 - Trump Media and Technology Group and Crypto.com are moving towards a business combination that will affiliate them with a publicly traded Cronos (CRO) treasury, aiming to hold over $6 billion in cryptocurrency [1] - Yorkville Acquisition Corp. has filed an S-4 with the SEC to establish Trump Media Group CRO Strategy, Inc. through this business combination [1][2] - Key executives Steve Gutterman and Sim Salzman have been appointed as CEO and CFO, respectively, and are expected to assume their roles in Q1 upon closing of the business combination [2] Group 2 - The treasury is expected to initially hold 6.3 billion CRO tokens, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit (ELOC) [3] - The current value of the 6.3 billion CRO tokens is approximately $636 million, reflecting a 36% loss as CRO has decreased over 30% in the last month [4] - The market cap of CRO is currently at $3.7 billion, with a fully diluted valuation exceeding $9.7 billion, indicating expectations for future price appreciation [5] Group 3 - The treasury plans to establish and operate a Cronos validator node, delegating CRO assets to earn around 6% APY in staking rewards [6] - The founding partners believe CRO presents a unique opportunity as it serves as the backbone of a growing blockchain ecosystem, enabling utility and yield generation [6]
Korean tech giants to clash over stablecoins as competition heats up
Yahoo Finance· 2025-12-01 16:33
Core Viewpoint - The competition for stablecoin dominance between South Korea's tech giants Naver and Kakao is intensifying, with both companies leveraging their existing platforms to drive adoption in sectors like K-pop, e-commerce, and webtoons [1][2]. Group 1: Naver's Strategy - Naver is positioned to gain an advantage in the stablecoin market due to its acquisition of Upbit, which is expected to enhance its crypto capabilities [3]. - Naver aims to integrate its stablecoin with its existing e-pay platform, Naver Pay, and the Upbit exchange, potentially launching on the Giwachain blockchain [4][5]. - The stablecoin will also be utilized on Naver's shopping and webtoon platforms, and integrated with its video streaming service CHZZK for content monetization [5][6]. Group 2: Kakao's Approach - Kakao, known for its KakaoTalk app and Kakao Bank, is also exploring stablecoin issuance, potentially leveraging its partnership with Coinone, a competitor to Upbit [7]. - There are speculations about Kakao considering a takeover of Coinone to strengthen its position in the stablecoin market [7].
X @BSCN
BSCN· 2025-12-01 15:24
COMPLETE GUIDE: ICE OPEN NETWORK - A comprehensive deepdive and analysis into @ice_blockchain, its $ION token, and much more... https://t.co/1SLKfmo6KR ...
X @Avalanche🔺
Avalanche🔺· 2025-12-01 15:16
Never stop November.Through wintry conditions, the developers & community of Avalanche continued to forge ahead.This list is proof Avalanche is the most resilient community in crypto.Here are 50 updates across the ecosystem last month:If we missed anything comment below.1. @BitwiseInvest files $AVAX ETF with staking yield2. @Securitize just received EU approval to run a regulated trading and settlement system on Avalanche3. @dexalot surpasses 400m transactions on it’s L14. @yieldyak_ ships a new UI for thei ...
X @Blockchain.com
Blockchain.com· 2025-12-01 15:05
Cryptocurrency Listing & Availability - $ELIZAOS is now live on Blockchaincom trading accounts [1] Project Overview - Eliza Ecosystem Fund (@ElizaEcoFund) is a decentralized AI protocol for smarter, on-chain automation [1] - The project aims to connect autonomous agents with blockchain applications [1]
X @Binance
Binance· 2025-12-01 15:00
The takeover has begun.#BinanceBlockchainWeek https://t.co/3mXEx0bsMO ...
X @Token Terminal 📊
Token Terminal 📊· 2025-12-01 14:24
A quick look at the fastest growing tokenized stocks:Leading issuers: @OndoFinance @BackedFiLeading chains: @ethereum @BNBCHAIN @arbitrum @base @avax https://t.co/wZa5Vxxetf ...
X @Messari
Messari· 2025-12-01 14:11
Overview - Creditcoin is a dual-chain Layer-1 blockchain designed for onchain credit, cross-chain interoperability, and real-world financial applications [1] - Creditcoin is experiencing growing adoption across lending, connectivity, and developer ecosystems [1] Technology and Architecture - Creditcoin launched its EVM-compatible L1, focusing on bringing real-world credit and RWA activity onchain [1] - Its dual-chain architecture & Universal Smart Contracts framework enable trustless cross-chain credit verification using STARK proofs [2]
Nasdaq To Move ‘as Fast as we Can’ on Tokenized Stocks as LSEG Allocates £100M to Blockchain
Yahoo Finance· 2025-12-01 14:02
Core Insights - Nasdaq is preparing to list tokenized stocks pending regulatory approval from the SEC, aiming to enhance options for companies and investors [2][3] - The London Stock Exchange Group (LSEG) has invested approximately £100 million in blockchain infrastructure to support its Digital Markets Infrastructure [5][6] Group 1: Nasdaq's Initiatives - Nasdaq has proposed a rule change to the SEC to allow the listing of tokenized securities, indicating a strong commitment to on-chain finance [2][3] - The company is ready to act quickly on tokenized stocks once it receives SEC approval, emphasizing the importance of shareholder rights regardless of the underlying technology [3][7] - Nasdaq's strategy involves collaborating with technology firms like Securitize and Superstate for the technical aspects of tokenization [3] Group 2: LSEG's Developments - LSEG launched its Digital Markets Infrastructure in September, which utilizes a private ledger developed in partnership with Microsoft, focusing initially on private funds [5][6] - The group has allocated around £100 million for further development of its blockchain infrastructure, although listing tokenized shares is not currently a priority [6][7] - LSEG's approach contrasts with Nasdaq's, as it aims to establish the foundational infrastructure for tokenization rather than just listing tokenized assets [4]
X @BNB Chain | BNB Hack Dec 5-6 🇦🇪
BNB Chain· 2025-12-01 13:53
RT Nina Rong (@nina_rong)See you in less than 48 hours!Dec 3rd 11:45amBinance Blockchain Week https://t.co/Jogzdx1xqF ...