Cronos USD

Cronos, the blockchain associated with Crypto.com, halted its network on the 30th following an exploit on its largest lending protocol, Tectonic. According to estimates by on-chain researcher Weilin Li, affected assets could amount to approximately $75 million. Cronos announced on X that it had "confirmed an exploit on Tectonic" and disclosed the network halt. Tectonic is also investigating and has urged users not to use the protocol until safety is confirmed. Data from DefiLlama shows that before the incident, Tectonic's total value locked was approximately $121.7 million, with active loans of about $82.7 million. Crypto.com's CEO, Kris Marszalek, stated that the company's app and exchange were not compromised and that the security team is assisting with the Cronos investigation. Cronos has not disclosed when the network will resume or how it will handle the attacker's assets.

Trump Media & Technology Group recorded total digital asset losses of $360.6 million in the first half of 2026. The decline was driven mainly by falling prices of Bitcoin and Cronos, with unrealized losses on normally held assets of approximately $245.45 million, unrealized losses on collateralized assets of about $7.41 million, reacquisition losses on collateral assets of around $55.55 million, and derecognition losses of roughly $52.24 million. The fair value of digital assets at the end of June fell to about $597.68 million. Second-quarter revenue rose 89 percent year-on-year to approximately $1.67 million, but net loss reached around $238.11 million. The company has terminated several agreements, including a plan to utilize Cronos with Crypto.com, and is shifting its strategy toward marketing partnerships in prediction markets.

Trump Media reported a quarterly net loss of approximately $238 million on only $1.7 million of revenue, driven largely by non-cash declines in the value of its digital assets and investments. The company is pulling back from its planned CRO treasury deal with Crypto.com, which had involved a $100 million purchase of the CRO token, and is also scrapping plans for ETFs in partnership with Crypto.com. Instead, Trump Media is shifting focus toward new ventures including a nuclear fusion merger and selling high-speed access to Truth Social posts to trading firms.

Trump Media and Technology Group, Crypto.com, and Yorkville Acquisition have scrapped a CRO treasury plan worth up to $6.42 billion. The move was disclosed in a filing with the U.S. Securities and Exchange Commission, with the parties mutually agreeing to terminate the business combination agreement, citing changes in market conditions and business priorities. The plan had aimed to incorporate roughly 6.313 billion CRO, valued at about $1 billion, to create the largest CRO treasury company among publicly listed firms, but the concept has now been abandoned. Trump Media's interim CEO noted that the market for digital asset treasury companies has become saturated over the past year.