Trump&#8217;s crypto empire is once again under scrutiny, due to the past dealings of two of its key figures.

Trump’s crypto partners abandoned hacked platform, pocketed millions

Circle is exploring potential acquisitions, primarily by Coinbase, according 
to Fortune. Circle Internet Financial, the issuer of USDC (USDC), is moving 
forward with its planned initial public offering. But behind the scenes, the 
stablecoin firm has engaged in informal sale…

Circle considering sale to Coinbase or Ripple amid IPO: report

Moody’s is now the third credit rating agency to downgrade the country’s debt 
after Standard &amp; Poor’s in 2011 and Fitch in 2023. Moody’s U.S. Rating Cut 
Sends Bitcoin Back Above $105K The U.S. lost its perfect credit rating on 
Friday after rating agency Moody’s downgraded U.S. debt from “Aaa” to “Aa1,” 
citing concerns about […]

Bitcoin Reclaims $105K After Moody’s Downgrades US Credit Rating

Crypto.com and asset manager Canary Capital are launching a US investment fund 
designed to provide exposure to the Cronos blockchain&#8217;s native token, CRO, the 
cryptocurrency exchange said in a statement.
The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund 
wrapper, Crypto.com said, adding that the trust is not an exchange-traded fund 
(ETF) and is only available to accredited investors.
Creating regulated funds such as CRO Trust is part of Crypto.com&#8217;s plan for 
&#8220;further mainstreaming crypto,&#8221; Eric Anziani, president and chief operating 
officer of Crypto.com, said in a statement.
In March, the crypto exchange partnered with Trump Media &amp; Technology Group, a 
company affiliated with US President Donald Trump, to launch a series of 
Trump-branded ETFs, including one holding CRO.
The Trump Media ETFs are still awaiting approval from the US Securities and 
Exchange Commission (SEC), which has not yet authorized any CRO ETFs for US 
trading, Crypto.com said.
_Cronos has a total value locked of nearly $440 million. Source:__DefiLlama_
 _**Related:**__**21Shares launches ETP for Crypto.com&#8217;s Cronos token**_
### Cronos ecosystem
Cronos is a layer-1 blockchain network affiliated with Crypto.com. The chain 
is designed to integrate with the Ethereum and Cosmos ecosystems and support 
decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and 
other Web3 applications.
The chain has a total value locked (TVL) of nearly $440 million, according to 
data from DefiLlama. Its most popular application is VVS Finance, a DeFi 
platform for token swaps and yield farming.
The CRO token has a market capitalization of roughly $880 million as of May 
19, according to Cointelegraph&#8217;s market data.
### Altcoin ETF filings
Since Trump took office in January, he has signaled a more crypto-friendly 
approach to regulation, prompting asset managers to seek to list roughly 70 
new crypto ETFs.
In May, asset manager VanEck filed to list an ETF tied to another exchange- 
affiliated token, BNB Chain&#8217;s native BNB. The chain is affiliated with 
Binance, the world&#8217;s largest centralized exchange.
The same month, 21Shares launched an exchange-traded product (ETP) in Europe 
offering exposure to Crypto.com&#8217;s CRO token.
_**Magazine: **__**Rise of MicroStrategy clones, Asia dominates crypto 
adoption: Asia Express 2024 review**_

Crypto.com and Canary Capital to launch US CRO fund

Circle&#8217;s potential sale could reshape crypto market dynamics, influencing 
stablecoin governance and impacting IPO strategies amid economic 
uncertainties.
The post Circle explores possible sale to Coinbase or Ripple amid IPO plans 
appeared first on Crypto Briefing.

Circle explores possible sale to Coinbase or Ripple amid IPO plans

Grass, the decentralized web crawling and AI infrastructure token, has seen 
its price drop over 9% today, trading at $1.96. Despite this pullback, 
analysts are suggesting that the token may be primed for a breakout, given its 
strong technical indicators…