Trump Media and Crypto.com announced a partnership to launch new ETFs based on Cronos, Bitcoin, and other assets. The resolution is non-binding, and a Cronos ETF would need SEC approval.

Even though there are serious obstacles to implementing the stated program, Cronos surged by over 18% due to speculative interest and bullish momentum.

Crypto.com, a major exchange and issuer of the Cronos token, has been through a few changes recently. Although CRO fell dramatically at the end of 2024, the exchange has ventured into new markets.

Today’s partnership with Trump Media Group triggered a bullish cycle for the CRO token, as the announcement hinted at a potential Cronos ETF.

“Trump Media and Technology Group Corp has signed a non-binding agreement to partner with Crypto.com to launch a series of ETFs and ETPs. The ETFs are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy [and] cryptocurrencies incorporating Bitcoin, Cronos, and others,” a press release stated.

The announcement clarified that these ETFs still require regulatory approval. Also, Crypto.com and Trump Media haven’t finalized a “definitive” agreement, even if the resultant ETFs will include Cronos.

Meanwhile, Cronos reached a yearly high in December after reports of the Crypto.com CEO and the US President’s meet-up and its legal resolution with the SEC. However, CRO has suffered a 30% drop since then. Today’s news brought fresh liquidity into the altcoin.

The SEC may be looking favorably on altcoin ETFs, but one based on Cronos is totally out of left field. Even if Trump personally intervenes, a Cronos ETF may still be months away. There haven’t been any ETF applications for the altcoin yet.

Another concern, of course, is the “Made in America” angle. Although the statement discusses US-based products, Crypto.com is currently headquartered in Singapore. The US is still the exchange’s primary target market.

The biggest problem, however, is that a Cronos ETF could be the biggest political crypto scandal since the TRUMP token. US Presidents are not supposed to conduct private business in any capacity, especially with foreigners.

Could Trump’s firm expect to win the SEC’s highest stamp of approval? Even if it did, wouldn’t that impact the Commission’s own legitimacy?

Overall, it’s evident that Trump Media is venturing deeper into the crypto industry and looking to extend its investment avenues. Such a partnership will also help the exchange increase its market share in the US and challenge Coinbase’s dominance.

USD1, a self-proclaimed “World Liberty Financial USD” stablecoin, launched on BSC today. While there has been no official announcement from the Trump Family-linked project itself, leading market maker Wintermute interacted with this stablecoin.

Former Binance CEO Changpeng “CZ” Zhao commented on this asset, but only in minimal detail. So far, there’s no clear proof of an actual Trump connection.

Is World Liberty Financial Launching a Stablecoin?

Binance, the world’s largest crypto exchange, may be on the verge of a big business move. Last week, reports alleged that the firm was in talks with WLFI to launch a new USD-backed stablecoin while the Trump family would buy a stake in it.

Today, the crypto community first noticed USD1, an alleged WLFI stablecoin on Binance Smart Chain (BSC):

“The Trump Family Foundation just issued a stablecoin on BSC, and the market-making agency Wintermute also participated in it. I guess the Trump Family Foundation found that stablecoins are still profitable and wanted to make stablecoins, so it would be perfect to set up an exchange and invest in it!” claimed Old Driver.

This Wintermute angle made the issue particularly enticing. Wintermute is a high-profile crypto market maker with a daily trading volume of over $2.24 billion.

Earlier this year, it did business with Binance and previously invested in Ethena Labs. Given Wintermute’s reputation, the crypto community is speculating that World Liberty Financial might be involved with this stablecoin.

Changpeng “CZ” Zhao, former CEO of Binance, noted that USD1’s smart contract was first deployed 20 days ago and welcomed the token to BNB Chain.

Shortly afterward, however, he warned the community that the USD1 name was being used in scams.

“I was told since this post, a lot of scammers created coins with the same name. The official USD1 is not tradable yet. Please do not fall for the scams,” CZ added.

Despite referring to “the official USD1,” CZ’s statement isn’t a clear indicator of any official partnership between Binance and World Liberty Financial.

Several social media commentators with substantial followings responded to his posts, warning that the market may take his spontaneous posts completely out of context. CZ’s “off the cuff” posting style could create misunderstandings.

“You still don’t understand the influence of your tweet. Most people actually don’t know that you’re just spontaneous with your tweets,” Ben Todar,

Neither WLFI nor Binance has officially commented on this stablecoin or acknowledged any kind of partnership and pushed back on previous allegations that one exists.

For now, the space will have to keep a close eye on USD1 and await further developments.

Solana (SOL) is up nearly 9% in the last 24 hours, climbing above $140 for the first time since March 8, despite BNB surging to become the biggest chain in DEX volume last week.

While price action has strengthened, Solana’s market still shows mixed signals, with some large investors remaining cautious. Traders are now watching key resistance and support levels to gauge whether SOL can sustain its rally or face a potential pullback.

Solana RSI Rise Above 70 For The First Time Since March 2

Solana’s RSI has surged from 52.46 yesterday to 72.91 today, marking the first time it has entered overbought territory since March 2.

This sharp rise signals a sudden acceleration in buying momentum after nearly two weeks of neutral readings hovering around the mid-50s.

The breakout above the 70 level suggests a notable shift in sentiment, as traders have pushed SOL into a more aggressive bullish stance.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It helps traders identify potential overbought or oversold conditions.

Typically, an RSI value above 70 is considered overbought, indicating that an asset may be due for a corrective pullback. Readings below 30 are viewed as oversold, suggesting possible upside reversals. Solana’s RSI, currently at 72.91, highlights a strong bullish push but also raises caution about a potential short-term correction as BNB overtakes Solana in DEX volume.

Given that SOL had been trading in a neutral zone for the past 12 days, this sudden spike could either mark the start of a stronger rally or signal a temporary overheating in price momentum.

SOL Whales Are Still Hesitant

The number of Solana whales – wallets holding at least 10,000 SOL – is currently at 5,019, slightly down from the recent peak of 5,041 recorded on March 18.

This fluctuation highlights ongoing shifts in large-holder behavior, as whale activity has yet to stabilize fully. While the recent whale count remains elevated compared to earlier levels this month, it still suggests hesitation among large investors to re-enter the market fully.

Tracking whale activity is crucial because these large holders often significantly influence market trends and liquidity. An increase in whale addresses can indicate accumulation and growing confidence, while a decline may signal distribution or caution.

With the current whale count showing signs of volatility and retreating slightly from recent highs, it suggests that major players are still uncertain about Solana’s short-term direction.

Until this number shows more consistent growth, it could imply that SOL’s price may remain sensitive to fluctuations and lack the solid backing typically seen during stronger bullish trends.

Can Solana Sustain The Current Levels?

Solana’s EMA lines recently confirmed a golden cross, signaling the potential for a bullish continuation. Further golden crosses may form soon.

If the current uptrend strengthens, Solana’s price could rise to challenge the resistance at $152.90 and, if momentum persists, extend gains toward the $180 mark.

Despite concerns within the community regarding the competition between PumpFun and Raydium, Chris Chung, founder of Solana-based swap platform Titan, argues that this rivalry could actually benefit Solana’s broader ecosystem:

“Pump.fun launching its own DEX was inevitable as they believe they have a strong enough brand now to eliminate the Raydium tech stack and collect AMM fees themselves. In addition, Raydium announced plans for its own launchpad, showing that competition in the Solana ecosystem is heating up – and fast. It’s great to see new players enter with ideas to improve the speed and usability of end users. This type of competitive behavior helps build robust financial products and DeFi protocols and simply makes Solana’s activity grow,” Chung told BeInCrypto.

However, if bullish momentum weakens and the uptrend reverses, SOL could retest key support at $136.71.

A break below this level could expose Solana to further downside, with a target of $120 and potentially $112 if selling pressure intensifies.