Cronos (CRO) staged a strong rebound on Tuesday, with a daily rise of over 20%. The direct catalyst for this wave of movement in the Crypto Assets market is: Trump Media & Technology Group (TMTG) submitted an application to the SEC, planning to launch a crypto blue-chip ETF named "Truth Social Blue Chip ETF", with CRO prominently included and receiving a higher allocation weight than Ripple (XRP). This significant crypto news event quickly ignited bullish sentiment in the market.

Layer1 (L1) Crypto Assets Cronos (CRO) and Zcash (ZEC), as well as the meme coin Floki (FLOKI), all recorded double-digit pump, as of Wednesday (July 9), the 24-hour pump exceeded the market. However, as these Crypto Assets encountered key resistance, the upward momentum began to weaken, and the difficulty of continuing the upward trend started to emerge. As the Crypto Assets reach a crossroads, the technical outlook presents mixed signals.

Today (9) in the Asian early session, Cronos (CRO) rose to $0.09514, with an increase approaching 20%. After the Trump Media Technology Group (DJT) submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Blue-Chip Stocks exchange-traded fund (ETF), this ETF aims to hold Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) together.

Golden Finance reports that the market shows CRO breaking through 0.105 USD, currently quoted at 0.1046 USD, with a 24-hour rise of 12.5%. The market fluctuation is quite large, please ensure proper risk control.

Gate News bot News: Canary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday to manage the potential first spot CRO exchange-traded fund in the U.S. (ETF), It contains a staking component. The proposed fund provides direct exposure to CRO, the native cryptocurrency of the Cronos blockchain. The trust plans to pledge a portion of its assets through one or more staking providers, potentially generating additional income for investors. It will handle the issuance and redemption of shares in cash rather than in kind, similar to the structure of existing spot Bitcoin and Ethereum ETFs in the US. However, it will support in-kind redemptions if it is approved by regulators in the future.

ChainCatcher news, encryption ETF issuer 21Shares has launched the 21Shares Cronos ETP (stock code: CRON) on the Euronext Paris and Euronext Amsterdam exchanges, providing investors with the opportunity to access the native token CRO of the Cronos blockchain.

BlockBeats news, on March 25, according to official news, Cronos Labs announced the appointment of Mirko Zhao as the head of Cronos and head of product and engineering. It is reported that Mirko has extensive experience in Blockchain and DeFi and will play a key role in driving the product strategy and incubation plans of Cronos Labs.

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PANews December 12th news, EVM compatible blockchain Cronos has completed the v1.4.0 Pallene upgrade, which improves transaction execution speed by 600 times. This upgrade introduces Block-STM technology to achieve parallel transaction processing within a single block, enabling the Virtual Machine to process up to 60,000 transactions per second (TPS) to meet the needs of the next generation of blockchain applications. In addition, Palene is also available through the Cosmos SDK