Bitcoin Breaks $85K as Short Squeeze Erases $648M
Open interest and trading volume are rising with the rally, showing traders are rebuilding leveraged positions instead of retreating after the liquidation wave.
Cronos is an EVM-compatible Layer-1 blockchain built on the Cosmos SDK, designed to bridge the Ethereum and Cosmos ecosystems through support for the Inter-Blockchain Communication (IBC) protocol. It operates on a Proof of Authority consensus mechanism, which enables high throughput, with reported capacity of up to 60,000 transactions per second, 500-millisecond block times, and instant transaction finality, while keeping transaction fees well under one cent. The network is positioned as institutional-grade infrastructure aimed at supporting tokenized real-world assets, decentralized finance applications, and AI-accessible on-chain markets. The CRO token functions as the native asset of the Cronos chain, used for paying network fees, staking, and participating in governance. It is also closely associated with the Crypto.com centralized exchange and payment ecosystem, where it serves as a utility and settlement token across trading, lending, and the Crypto.com Visa card program.
Open interest and trading volume are rising with the rally, showing traders are rebuilding leveraged positions instead of retreating after the liquidation wave.
MCAT (Marscat Token) vaulted into CoinGecko's top 100 at rank 95 between the 09:00 UTC snapshots of 16 Sep and 17 Sep…
500M $CRO (≈28.7M) moved from #Cryp to Com to unknown wallet.
The investment pairs a US-listed, SEC-regulated retail brokerage with a globally licensed digital-asset venue, locking in commercial alignment without the regulatory load a controlling stake would…
The Mango Markets playbook strikes twice in four days, draining two lending markets through the same illiquid-token loophole that cost Avraham Eisenberg's victims $116M in 2022.
The network halt is the headline. The signal is the attack shape: a thin-liquidity governance token pumped 100x in 20 minutes, then used as collateral. Same mechanic as the 2022 Mango Markets exploit.
The precautionary halt widens the event from a DeFi protocol incident to a broader operational risk for Cronos users, lenders and ecosystem projects.
Only the marketing relationship survives, narrowing the partnership from a treasury and product rollout to promotion.
The constitutional fight is the headline, but Trump Media's parallel push to license the same fast-feed to prediction markets is the beat crypto investors will read.
The filing landed days after Trump Media ended its Crypto.com partnership and scrapped the proposed CRO treasury. The political-tied digital-asset bet is unwinding fast.
The CRO price isn't the story. The collapse of a sitting president's largest publicly traded crypto venture, mid-negotiation on the CLARITY Act, hands Democrats fresh ammunition to harden divestiture…
The retreat redirects DJT toward media, data licensing and its proposed merger with fusion-energy firm TAE, removing a planned corporate accumulation channel for CRO.
The split highlights the strategic risk that crypto partnerships face when corporate priorities shift.
The Dubai flagship joins a small list of flag-carrier airlines taking direct crypto at checkout, signaling continued UAE merchant adoption despite a slow global airline rollout.
A potential distribution deal would let Robinhood's retail base trade Crypto.com's yes-or-no contracts, deepening the battle against Kalshi as the prediction market category consolidates around a few…
CoinGecko's top-10 boundary sits untouched as of 09:00 UTC on 25 Jul 2026 — same ten tickers, same order — while the…
The Depository Trust & Clearing Corporation picked Canton ($CC) and Ondo's rails for the first tokenized equity and treasury trades, with Chainlink oracles underneath.
CoinGecko's top-10 boundary stayed static as of 09:00 UTC on 17 Jul 2026 — no entries, no exits, only internal price…
The check size and the valuation together land Citadel Securities squarely inside the regulated-market-maker tier of crypto's institutional map, and Crypto.com gets a balance sheet sized to chase…
Citadel's first crypto-exchange balance-sheet bet of this size is the institutional signal: TradFi's market-making arm is underwriting the bridge, not just observing it.
Cronos is an institutional-grade, high-performance, EVM-compatible Layer-1 blockchain built on the Cosmos SDK and integrated with the Inter-Blockchain Communication (IBC) protocol, designed as the backbone for open, compliant, and AI-accessible tokenized markets.
Cronos (CRO) launched on 2018-11-14.
Cronos (CRO) is categorised as: Smart Contract Platform, Exchange-based Tokens, Centralized Exchange (CEX) Token.
The official Cronos site is https://cronos.org/.
Most recent Cronos coverage: "Bitcoin Breaks $85K as Short Squeeze Erases $648M" — read at /en-US/a/bitcoin-breaks-85k-as-short-squeeze-erases-648m.