Trump Media & Technology Group has abandoned plans to create a Crypto.com-backed CRO treasury company and a broader digital asset deal with the company. The companies, along with acquisition firm Yorkville Acquisition Corp., mutually agreed to terminate the project, citing prevailing market conditions and shifting business priorities. The CRO token fell sharply following the announcement, trading at $0.05 with a market capitalization of approximately $2.4 billion. Trump Media is also abandoning plans to integrate prediction markets directly into Truth Social, instead opting for a marketing agreement to promote Crypto.com’s prediction market products to Truth Social users.
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