After a sobering April, May has bought in bullish sentiments, integrations and the hopes of an altseason.
Here are the major updates from this week:
Cronos Price This Week:
Starting the week quoting at $0.087, Cronos made a spectacular recovery, breaking the psychological barrier of $0.10 for the first time in over a month. The token rose by almost 10%, similar to Bitcoin which swept past $100k, sparking a wider market rally. As Ethereum increased in value by 35%, Solana by 16% and Dogecoin by over 30%, calls for a altseason returned.
Read More about the May Phenomena in Crypto and Why the Bullish Week Might Signal a Broader Market Turnaround Here.
Missouri to become the first state to remove capital gains tax:
As Crypto.com invests heavily in the US, Missouri is set to be the first American state to eliminate capital gains tax entirely. If the proposal passes, a 100% income tax deduction will be enacted on a range of assets including digital assets. The move can enhance investment incentives for crypto traders and enable retail investments in currencies like BTC, CRO, XRP etc.
Read the Proposed Bill Here.
Stargate Finance Lands on Cronos, Unlocking Omnichain Interoperability
Stargate Finance has officially launched on Cronos EVM, bringing omnichain interoperability powered by LayerZero’s messaging protocol. With new ETH and USDC pools now live, users can enjoy seamless, one-click cross-chain transfers and unified liquidity, while developers gain access to deep, capital-efficient liquidity across 50+ blockchains. This marks a major leap forward in making the Cronos ecosystem fully connected to the broader multichain DeFi world.
Read More Here
21Shares Launches Cronos ETPs, bridging TradFi and DeFi
21Shares has launched a new Exchange Traded Product that will allow investors to add CRO exposure to their portfolios, without directly handling cryptocurrencies. The ETP is now listed on Euronext Paris and Euronext Amsterdam.
Read More Here.
Crypto.com Capital Sponsors Sonic Summit in Vienna
Crypto.com Capital proudly sponsored the Sonic Summit in Vienna, a key two-day event celebrating innovation and collaboration within the Sonic community. With sessions that discussed the Sonic Strategy and more, the summit brought together builders, investors, and ecosystem partners to explore the future of Sonic-powered applications,
Project Updates:
Croakey: Croakey, the team behind the Lilypad dApp on Cronos, has received a $5,000 Amazon Web Service Activate grant, ensuring sustained operations for over two years and paving the way for upcoming developments within the $CROAK ecosystem
$RETRIB: CronosChainNews recently conducted an interview with a project whose mission is to give back to CroFam — Retribution.
Read the Interview Here.
