Despite market headwinds and a 6.5% dip in $CRO, the Cronos ecosystem pressed on this week with strategic milestones.
Here are all the can’t-miss updates:
CRO dips by 6.5% in the last 7 days:
After almost two weeks above the $0.10 mark, CRO faced a gruelling week – despite key announcements. The token fell to $.0.093 by tuesday. While it recovered to $0.10 by mid week, it faced the red again by sunday, and is currently trading at $.094. Several altcoins faced a similar trajectory this week such as DOGE (falling by 8%), Cardano (falling by 5%) and Solana (falling by 4%).
Crypto.com collaborates with Canary to launch CRO ETFs:
In a major milestone, Canary Capital and crypto.com have announced the launch of the Canary CRO Trust, a US investment fund designed to provide secure exposure to Cronos. The instrument will play a key role in building the road from innovation to institutional-grade investment vehicles.
Read More About Why This Matters Here.
Regulatory Win for Crypto.com in Europe:
After consistent efforts in the last several months, Crypto.com has finally secured the MiFLD (Markets in Financial Instruments Directive) license via its acquisition of Allnew Investments Ltd. This will allow the exchange to offer regulated financial services, including securities, derivatives, and CFDs to eligible users across the European Economic Area (EEA).
Read More Here
Cronos zkEVM Upgrade Set for May 28
The Cronos zkEVM mainnet is scheduled for a major upgrade on May 28 at 7AM UTC, introducing two key advancements: native EVM compatibility, enabling seamless deployment of Ethereum apps and tools, and more efficient Layer 1 proofs, aimed at reducing network costs and boosting sustainability. The upgrade is expected to proceed without any downtime.
Read More Here
Project Updates:
CroCrash: Celebrating its relaunch, the project announced a social reward campaign offering a Dark Lion NFT for grabs.
Read More Here
CrowWithKnife and MERY COIN: Crow With Knife and MERY COIN are competing for $10,000 in ad credits in the CryptoTwits Watchlist Competition. CroFam can vote to help boost Cronos visibility.
MERY COIN: The project has announced a partnership with Crypto2Gold, unlocking exclusive Europe-based offers and bringing $MERY one step closer to real-world asset integration.
Read More Here
Web3Tools: The platform focused on enabling CroFam to build their own web3 websites and profiles launched their website this week,
Read CronosChainNews’ Interview with Founder Triple J Here
