Iran and Israel announce official ceasefire

The post Crypto.com Bets Big on Trump Just Months After Settling With SEC appeared on BitcoinEthereumNews.com. The centralized exchange, once under fire for mishandling millions in crypto, is joining forces with Trump Media to roll out CRO-based rewards on Truth Social. Centralized exchange Crypto.com is betting big on U.S. President Donald Trump with a high-profile partnership with Trump Media, marking a big push into the U.S. market less than a year after settling a dispute with the U.S. Securities and Exchange Commission (SEC). In a Tuesday press release, Trump Media revealed plans to launch a CRO-linked rewards program on Truth Social and Truth+, the social media and streaming platforms created after Donald Trump was banned from X (formerly Twitter). The program is expected to integrate Crypto.com’s infrastructure, allowing users to convert earned points into CRO and access additional perks. Additionally, the two companies plan to collaborate on joint marketing campaigns and offer subscription benefits tied to CRO. As part of the agreement, Trump Media will also invest $105 million in CRO, equivalent to about 2% of CRO’s total supply, while Crypto.com will purchase $50 million of Trump Media stock. The firms are also backing a new digital asset treasury company, Trump Media Group CRO Strategy, which is expected to manage $1 billion in CRO, $200 million in cash, $220 million from warrants, and a $5 billion equity line. The price of Cronos’ native token (CRO) jumped over 20% Tuesday following the announcement, reaching levels not seen since late 2024. Longstanding Ties Crypto.com has a long history with Trump-linked companies. In December 2024, Marszalek reportedly met with Donald Trump to discuss U.S. crypto regulations. Around the same time, the company dropped its lawsuit against the SEC after receiving a Wells notice citing concerns that some tokens on its platform might be considered securities. A few months later, the SEC abruptly ended its investigation into Crypto.com without taking…

Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, the $90 million hack of local crypto exchange Nobitex and Tether freezing 42 wallet addresses. Flows into Iranian crypto trading platforms have fallen in 2025 due to a breakdown in nuclear negotiations with Israel, a $90 million hack on Iran’s largest crypto exchange, and a major stablecoin blacklisting, says blockchain analytics firm TRM Labs.Iranian crypto flows hit $3.7 billion between January and July, an 11% decrease compared to the same period last year, with the worst drop off coming in June and July, TRM Labs said in a report on Tuesday.Iran’s crypto flows started to sharply drop in June, just after the $90 million hack on Nobitex, which handles 87% of the country’s crypto transactions. Read more