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Trump administration suspended CFTC officials who challenged prediction market firms, NYT reports
The New York Times is stirring the pot with an investigation it published today May 24, claiming that Trump appointees at the Commodity Futures Trading Commission (CFTC) probed and placed officials, including senior staff, who did not fall in line with its plans for prediction markets on administrative leave. Career officials had flagged problems with three firms: Polymarket, Crypto.com, and an affiliate of Gemini, and according to the NYT, those companies’ ties to the Trump family might have been what led to trouble for them. The concerns that the ousted staff members raised were different for each firm. Did Crypto.com treat small bettors fairly? Did Polymarket have sufficient fraud protections? Did Gemini’s affiliate complete mandatory regulatory review before being allowed to operate? Caroline Pham, who served as acting CFTC chair at the time and her senior counsel, reportedly stepped in on behalf of the companies, helping them obtain favorable outcomes over the objections of agency staff, the New York Times claimed, citing sources. How is the Trump CFTC dealing with crypto and prediction market firms? Citing comments from current and former agency employees, the Times said that everyone at the CFTC quickly got the message that the acting Trump appointee meant to send: raising concerns about politically connected firms would carry consequences. Two officials who raised questions about the firms mentioned in the Times report were reportedly placed on administrative leave and were facing internal investigations by the end of 2025. Another three staffers who were working on crypto enforcement cases faced the same treatment. None received an explanation for the disciplinary action, the investigation found . Trump came into the office with the promise of dialing back enforcement that markets, especially frontier sectors such as crypto and prediction markets, deemed unfair during the Biden administration. From when Pham was in an acting role at the CFTC to now that Michael Selig has been confirmed, the agency has dropped at least five crypto-related investigations. The frequency of filing enforcement actions targeting crypto has also dropped drastically, going from more than 80 during the Biden era to just two under Trump. Trump appointees are leaving CFTC for industry roles Several key figures have landed roles at companies under their oversight immediately after leaving their roles. As Cryptopolitan reported in August 2025, Bo Hines got a job as Tether’s Strategic Advisor for Digital Assets and U.S. Strategy after he left his role as the White House Crypto Council executive director . Pham left the CFTC to join MoonPay, a crypto company partnered with Polymarket. Her senior counsel, Brigitte Weyls, became general counsel at Gemini Titan, the same entity whose application she had helped approve. The current CFTC chair, Michael Selig, previously worked as a corporate lawyer representing crypto firms. He is now the agency’s sole commissioner. The NYT also raised eyebrows over the financial connections between the three companies at the center of the investigation and the Trump family. Crypto.com is a business partner of Trump Media. Donald Trump Jr.’s venture capital firm, 1789 Capital, invested in Polymarket. The founders of Gemini are financial backers of American Bitcoin Corp, a company co-founded by Eric Trump. White House spokesman Davis Ingle rejected any suggestion of impropriety. “President Trump only acts in the best interests of the American public,” Ingle told the Times. “There are no conflicts of interest.” Trump’s CFTC now fighting states over prediction markets The investigation lands as the CFTC under Selig has aggressively expanded its legal campaign to protect prediction markets from state regulation. The agency has filed lawsuits against Wisconsin, Minnesota, New York, Arizona, Connecticut, and Illinois over their efforts to restrict or ban platforms like Kalshi and Polymarket, according to CFTC press releases. Minnesota became the first state to fully ban prediction markets when Governor Tim Walz signed legislation on May 19. The CFTC sued the next day, seeking a preliminary injunction before the law takes effect on August 1. “This Minnesota law turns lawful operators and participants in prediction markets into felons overnight,” Selig said in the CFTC’s announcement . Minnesota Attorney General Keith Ellison pushed back, telling Salon that “prediction markets are designed to be addictive and prey especially on young people and low-income folks.” The prediction market industry has grown rapidly with the regulatory green flags waved by the Trump admin. Monthly trading volume has gone from roughly $792 million in January 2025 to close to $12.5 billion in January of this year, according to Defillama data . Prediction volume has exploded under the Trump admin’s stewardship. Source: Defillama The NYT findings raise questions about whether the same agency now fighting to protect prediction markets from state oversight was reshaped specifically to serve the interests of firms with ties to the president’s family. If you're reading this, you’re already ahead. Stay there with our newsletter .
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Trump Media (DJT) Transfers $205M in Bitcoin to Crypto.com Amid Mounting Losses
Trump Media transferred $205M in bitcoin to Crypto.com while denying a sale. The company faces $455M in unrealized losses and posted a $405.9M Q1 loss. The post Trump Media (DJT) Transfers $205M in Bitcoin to Crypto.com Amid Mounting Losses appeared first on Blockonomi.
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DOGEBALL, Cronos (CRO), and Toncoin (TON): Crypto Projects to Watch in 2026
Evaluating crypto projects in 2026 requires looking beyond social media activity and reviewing transaction mechanics, ecosystem architecture, and real-world payment […] The post DOGEBALL, Cronos (CRO), and Toncoin (TON): Crypto Projects to Watch in 2026 appeared first on Coindoo.
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Trump Media is now down $480 million on its Bitcoin bet
Trump Media & Technology Group, a company associated with the Trump family, is now sitting on nearly half a billion dollars in unrealized losses on its Bitcoin ( BTC ) holdings. Late on May 21, the company moved 2,650 BTC to the Crypto.com exchange , a position worth roughly $205 million at the time, according to Arkham blockchain tracking data . The company had originally acquired 11,542 BTC for approximately $1.37 billion in mid-2025, at an average purchase price of $118,522 per token. With ‘ digital gold ’ now trading at around $77,200, around 35% lower than those level, Trump Media reportedly sits on roughly $480 million in unrealized losses. Trump Media Bitcoin moves. Source: Arkham Is Trump Media selling Bitcoin? The latest transfer marks the company’s second major Bitcoin outflow of the year. Four months ago, it moved 2,000 BTC, worth roughly $175 million, from its wallets, while Bitcoin traded near $87,380. In fact, Trump Media’s first-quarter earnings report showed its Bitcoin reserves had already fallen to 9,542 BTC after that earlier transaction. Following the latest 2,650 BTC transfer, the company’s remaining holdings are estimated at around 6,889 BTC. The Truth Social parent has thus shed more than 4,600 BTC in 2026. Moreover, the firm had also disclosed a $406 million net loss earlier this month, including $368.7 million in unrealized markdowns tied specifically to digital assets and equity securities. “Aside from its $2.1 billion in financial assets and $17.9 million in positive operating cash flow, the Company reported a $405.9 million net loss and a $387.8 million Adjusted EBITDA loss for the first quarter of 2026, the vast bulk of which was non-cash losses including unrealized losses on digital assets,” the official press release read. Beyond Bitcoin, the company also holds 756 million Cronos ( CRO ) tokens valued at approximately $2.64 million as part of its broader crypto treasury strategy. Featured image via Shutterstock The post Trump Media is now down $480 million on its Bitcoin bet appeared first on Finbold .
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Cronos price prediction 2026-2032: Will CRO reach $1?
Key takeaways The CRO price prediction for 2026 shows it will reach a maximum level of $0.0986 and an average price of $0.068. By 2029, CRO could reach a maximum value of $0.3683, with an average trading price of $0.3379. Cronos is expected to reach a maximum level of $0.5768 in 2032. Cronos (CRO) is the native cryptocurrency of the Cronos chain, a decentralized, open-source blockchain created by Crypto.com , a leading payment, trading, and financial services platform. CRO functions as a utility token, enabling real-time, low-cost transactions and supporting the next generation of decentralized applications and crypto assets. The Cronos cross-chain mainnet beta highlights a promising outlook for CRO, enhancing interoperability across major blockchain ecosystems and potentially boosting its appeal to developers and users. Recent market performance indicates strong sentiment and growing confidence in CRO, making it an attractive investment in the evolving crypto space. Crypto.com has also increased CRO’s visibility through high-profile partnerships, including collaborations with Eminem, actor Matt Damon, major sports teams, and Trump Media. This Cronos price prediction will examine CRO’s past performance, current momentum, and future market trends using comprehensive technical analysis and predictive modeling. Overview Cryptocurrency Cronos Token CRO Price $0.06952 Market Capitalization $3.08B Trading Volume (24-hour) $7.75M Circulating Supply 43.57B CRO All-time High $0.9698 Nov 24, 2021 All-time Low $0.01149 Dec 17, 2018 24-h High $0.07099 24-h Low $0.06926 Cronos Price Prediction: Technical Analysis Metric Value Price Volatility (30-day variation) 1.22% (Low) 50-Day SMA $ 0.07070 14-Day RSI 56.28 (Neutral) Market Sentiment Neutral Green Days 12/30 (40%) 200-Day SMA $ 0.09257 Price Prediction $ 0.08199 (15.90%) Cronos price analysis: CRO extends 24-hour drop as selling pressure builds Cronos CRO fell 2.92% in 24 hours as sellers kept pressure near the lower intraday range. CRO lost momentum after its early May pullback, with buyers struggling to sustain a stronger rebound. The 4-hour chart shows weak recovery attempts, as sellers remain active near each short-term bounce. On 18 May 2026, Cronos CRO trades at $0.06987, down 2.92% in 24 hours, as sellers keep pressure on the token near its lower intraday range. The nearest support stands at $0.06896, while resistance sits at $0.07156, based on the displayed 24-hour price range. Cronos daily price chart: CRO loses momentum after early May pullback The daily chart shows CRO moving from early stability into a bearish structure after buyers failed to hold the upper range. The decline pushed the token toward lower support, where brief demand appeared. However, the rebound remains weak, and CRO needs stronger buying to ease pressure and prevent another pullback. CRO/USDT Chart: TradingView The daily CRO chart shows price trading at $0.06987 as the token tries to stabilize after pulling back from its early May recovery zone. The RSI at 44.93 has slipped below its signal line at 56.48, showing weaker buying strength and momentum below the neutral range. Sellers still hold short-term control, while the MACD has started to cool, suggesting bullish momentum has faded. Cronos 4-hour price chart: CRO recovery remains weak as sellers hold control CRO remains weak on the 4-hour chart after losing short-term support, with sellers still controlling most rebound attempts. Buyers are defending the lower range, but a stronger move above the mid-range is needed to confirm recovery momentum. CRO/USDT Chart: TradingView The 4-hour CRO chart shows a mild recovery after the token defended the lower range. The RSI at 38.63 remains below the neutral 50 level, showing that buyers are improving but still lack full control. CRO needs stronger follow-through to confirm a short-term rebound, while the MACD remains slightly negative as selling pressure eases. Cronos technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.06980 BUY SMA 5 $ 0.06919 BUY SMA 10 $ 0.06903 BUY SMA 21 $ 0.06957 BUY SMA 50 $ 0.07070 BUY SMA 100 $ 0.07456 SELL SMA 200 $ 0.09257 SELL Daily exponential moving average (EMA) Period Value Action EMA 3 $ 0.07006 BUY EMA 5 $ 0.06964 BUY EMA 10 $ 0.06937 BUY EMA 21 $ 0.06955 BUY EMA 50 $ 0.07139 SELL EMA 100 $ 0.07787 SELL EMA 200 $ 0.08977 SELL What to expect from Cronos? Cronos CRO may remain under short-term pressure unless buyers regain control above the mid-range. The current setup shows weak recovery momentum, with sellers still active near rebound zones. If buying strength improves, CRO could attempt a move back toward its recent upper range. However, failure to hold the lower intraday area may keep the token exposed to another pullback. Traders may watch whether CRO can build steady demand after the recent decline, as the daily and 4-hour charts still show a cautious market structure. Why Is Cronos Down Today? Cronos is down today as sellers remain active after the token lost momentum from its early May recovery zone. The 24-hour chart shows CRO moving toward its lower intraday range, with buyers unable to sustain a stronger rebound. Weak short-term demand, repeated rejection near recovery areas, and fading bullish momentum have kept pressure on the price. The 4-hour chart also shows that sellers still control most bounce attempts, while buyers need stronger follow-through to shift the trend. Is Cronos a good investment? Cronos’s value could expand over time if supply constraints support stronger demand. However, every investment carries risk, especially in a volatile crypto market. Investors should only commit what they can afford to lose and conduct thorough research before making any decision. Will Cronos reach $10? According to the Cronos prediction algorithm, CRO is not expected to reach $10. The model’s highest projected price is $0.3968 by 2050. Will Cronos reach $100? According to our Cronos prediction algorithm, CRO is not expected to reach $100. The model currently projects a maximum potential price of $0.3968 by 2050. Does Cronos have an excellent long-term future? Cronos (CRO) shows strong long-term potential, driven by Crypto.com ’s continuous innovations, including DEX growth, NFT integration, and metaverse initiatives, which boost CRO’s utility and appeal. Combined with its liquidity, staking incentives, and governance features, CRO presents a compelling option for long-term investors, particularly amid growing institutional interest. Cronos price prediction May 2026 Cronos is expected to trade within a range of $0.065 to $ 0.0707, with an average price of around $0.068 Month Potential Low Potential Average Potential High May $0.065 $0.068 $0.0707 Cronos price prediction 2026 Based on forecasts and technical analysis, Cronos is expected to trade between $0.06 and $0.0986 in 2026, with an average price of $0.0814. Cronos Price Prediction Potential Low Potential Average Potential High Cronos Price Prediction 2026 $0.06 $0.0814 $0.0986 Cronos price prediction 2027-2032 Year Minimum Price Average Price Maximum Price 2027 $0.1360 $0.1654 $0.1913 2028 $0.1498 $0.1830 $0.1963 2029 $0.3075 $0.3379 $0.3683 2030 $0.3694 $0.4315 $0.4937 2031 $0.4008 $0.4888 $0.5595 2032 $0.4423 $0.5009 $0.5768 Cronos price prediction 2027 Cronos is predicted to trade at a minimum price of $0.1360 in 2027. The CRO price could reach a maximum of $0.1913, with an average trading price of $0.1654 throughout the year. Cronos price prediction 2028 Cronos is predicted to reach a minimum price of $0.1498 in 2028. CRO may climb to a maximum of $0.1963, with an average trading price of $0.1830 throughout the year. Cronos price prediction 2029 Cronos is projected to reach a minimum price of $0.3075 in 2029. CRO could climb to a maximum of $0.3683, with an average price expected around $0.3379 for the year. Cronos price prediction 2030 Cronos is forecast to reach a minimum price of $0.3694 in 2030, based on technical analysis. CRO could rise to a maximum of $0.4937, with an average expected price of $0.4315. Cronos price prediction 2031 Cronos is forecast to trade as low as $0.4008 in 2031. Based on the projection, CRO could reach a maximum price of $0.5595, with an average forecast price of $0.4888. Cronos (CRO) price prediction 2032 Cronos is forecast to reach a minimum price of $0.4423 in 2032. Based on the projection, CRO could climb to a maximum of $0.5768, with an average expected price of $0.5009. Cronos price prediction 2027-2032 Cryptopolitan’s Cronos (CRO) price prediction According to our Cronos price forecast indicates a bullish outlook, with the coin expected to reach a minimum of $0.06 by the end of 2026. By 2029, the average price could rise to $0.3379, with a potential maximum of $0.3683 under bullish conditions. Investors should seek professional advice and set clear price targets to maximize returns. For trading Cronos, top centralized exchanges (CEXs) are recommended. Cronos market price prediction: Analysts’ CRO price forecast Firm 2026 2027 DigitalCoinPrice $0.0803 $0.132 Coincodex $0.0987 $0.198 CRO Price History: Coinmarketcap CRO launched at $0.01977 in December 2018 and saw early fluctuations, hitting $0.07344 by March 2019, but ended 2019 at $0.03358. In 2020, CRO rose steadily, reaching above $0.20 by August before dropping to $0.06 by year-end. In 2021, CRO followed the crypto bull run, surpassing previous highs and achieving an all-time high of $0.9698 on November 24, boosted by listings on Coinbase Pro and Bitrue. CRO opened 2022 at $0.5575 but fell to $0.4409, partially due to concerns over a potential security breach on the Crypto.com platform, which temporarily suspended withdrawals in January. In 2023, Cronos experienced a peak in mid-March at around $0.80, followed by a steep decline and stabilization at around $0.20 by mid-year. It maintained a slight oscillation around this range in the following months. CRO started 2024 at $0.10, rallied to a yearly high of $0.18 in March, and declined to $0.12 by June. It stabilized between $0.08 and $0.10 from July to October, traded at $0.07193 and $0.09521 in November, and ended the year in a range of $0.138 and $0.234 in December. In January 2025, Cronos traded within the range of $0.158 to $0.163 but lost momentum towards the end of the month, resulting in a trading range of $0.1005 to $0.160 in February. Later in March, Cronos traded within the range of $0.08076 and $0.0950. However, after touching the $0.1 mark by the end of March, the Cronos price triggered a bearish rally. In April, the CRO price declined heavily due to the rising trade war between the US and China. The Cronos price dropped to a low of $0.08. However, it has been surging toward $0.09 in recent weeks of May. In June, Cronos (CRO) declined from approximately $0.098 to $0.081, experiencing a steady downtrend with brief attempts at recovery near $0.085 in July. By the end of August, the price of Cronos skyrocketed toward $0.38, but it later declined below $0.25 in early September. In September 2025, Cronos (CRO) traded near $0.22 before climbing modestly to around $0.25 in October 2025. In November 2025, Cronos (CRO) traded around $0.126 after recovering from a dip near $0.120. Cronos dropped from about $0.12 in early November to around $0.10 by the end of the month, stabilizing at the same level in early December. In January 2026, Cronos (CRO) traded mostly around the $0.10–$0.15 range before briefly spiking close to $0.30. In February, it pulled back sharply and consolidated lower, hovering near the $0.08–$0.10 level. In March, Cronos (CRO) traded around $0.073, showing limited recovery momentum as sellers remained active. In April, Cronos traded at around $0.069, showing narrow price movements as sellers kept pressure near key resistance levels
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Cronos hits $3.53B market cap as selling surges – Is CRO overvalued?
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AboutCronos 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. It supports up to 60,000 transactions per second (TPS), 500ms block times, instant finality, and sub-$0.01 fees via Proof of Authority consensus.
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Centralized Exchange (CEX) TokenCrypto Card IssuerEthereum EcosystemExchange-based TokensGMCI 30 IndexGMCI IndexGMCI Layer 1 IndexLayer 1 (L1)Smart Contract Platform
Date
Market Cap
Volume
Close
May 25, 2026
$3.08B
$7.56M
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May 25, 2026
$3.09B
$8M
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May 24, 2026
$3.11B
$10.39M
$0.0694
May 23, 2026
$3.04B
$10.06M
$0.0678
May 22, 2026
$3.12B
$9.01M
$0.0697
May 21, 2026
$3.08B
$10.54M
$0.0689
May 20, 2026
$3.06B
$11.85M
$0.0684
May 19, 2026
$3.13B
$12.93M
$0.0699
May 18, 2026
$3.11B
$11.02M
$0.0695
May 17, 2026
$3.1B
$11.88M
$0.0711

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