Solana News Today: Trump Media Vaults into Crypto's Future with $105M CRO Bet and Staking Play

Trump Media and Technology Group (DJT) has solidified its commitment to the crypto space by acquiring $105 million worth of Cronos (CRO) tokens through a partnership with Crypto.com. The deal, which includes a 50% stock and 50% cash exchange, grants Trump Media 684.4 million CRO tokens, representing approximately 2% of the token’s circulating supply. The tokens will be securely stored with Crypto.com Custody, and Trump Media plans to stake them to generate additional income. The acquisition also includes a planned merger with Yorkville Acquisition Corp (YORK), which will create a digital asset treasury focused on acquiring up to 19% of the total CRO supply [1].

Trump Media emphasized that the CRO token, which runs on the Cronos blockchain, is a “versatile utility” tool capable of facilitating fast, secure payments and transfers. Crypto.com CEO Kris Marszalek highlighted the move as a significant step in expanding the adoption and utility of CRO. The partnership also includes plans to integrate CRO into Truth Social and Truth+ as part of a rewards system, leveraging Crypto.com’s wallet infrastructure [3].

The broader strategic partnership between Trump Media and Crypto.com aligns with Trump Media’s growing crypto ambitions. In recent months, the company has announced plans to launch multiple crypto-focused investment products and ETFs and has already accumulated $2 billion in Bitcoin on its balance sheet. The CRO acquisition is seen as part of a larger vision to build a diversified digital asset treasury, similar to MicroStrategy’s Bitcoin strategy, with the aim of aligning the company’s value with the performance of the tokens it holds [1].

Meanwhile, Solana (SOL) has shown strong momentum in the derivatives market, with its open interest reaching an all-time high of $13 billion. The surge in speculative interest is supported by bullish technical indicators, including a megaphone pattern on the weekly chart and a breakout from a cup-and-handle formation. Analysts suggest that if the price breaks above the $210-$250 resistance level, SOL could potentially reach $1,000. The approval of the Alpenglow upgrade, which improved Solana’s transaction finality and throughput, has also contributed to increased investor confidence [4].

Despite these positive signals, on-chain data reveals a mixed picture. While the price of SOL has risen sharply, network activity has not kept pace. Over the past 30 days, Solana’s transaction count has declined by 99%, and its active address count has dropped by 22%. Decentralized exchange (DEX) volumes on Solana have also fallen by 65% to $10.673 billion, indicating weaker network usage despite higher prices. This divergence raises questions about the sustainability of the current price trajectory and the real-world adoption of Solana’s blockchain [4].

BlockDAG has emerged as a standout project in the crypto space, demonstrating strong growth through a mobile-first approach and a decentralized presale model. The platform’s X1 Mobile Miner app has attracted over 3 million users, with 25,000 new signups occurring daily. These numbers underscore the project’s ability to onboard users without relying on traditional marketing or venture capital. BlockDAG has raised over $397 million in its presale, entirely funded by retail investors and not by institutional backing [5].

The project has also begun shipping its X10, X30, and X100 miners, with over 19,000 units delivered or in production. This physical infrastructure further validates the project’s legitimacy, as early user feedback and social media engagement show increasing acceptance of BlockDAG’s mining tools. The platform’s referral program, which rewards users with a 25% BDAG bonus for inviting others, has fueled organic growth across 130+ countries, making it a truly global network [5].

BlockDAG’s user base is not only large but also diverse, with members participating from a wide range of geographic regions and language backgrounds. The project’s community-driven approach has fostered a strong sense of ownership and engagement among its users, further differentiating it from traditional VC-backed launches. As the project moves into its final presale phase with a fixed price of $0.0013 per BDAG, the focus remains on onboarding new participants and solidifying its position as a leading decentralized network [5].

Source:

[1] Trump Media Closes on Purchase of USD105M in Cronos Tokens in Crypto.com Deal (https://www.coindesk.com/business/2025/09/05/trump-media-closes-on-purchase-of-usd105m-in-cronos-tokens-in-crypto-com-deal)

[2] Trump Media, Crypto.com Close Purchase Agreement (https://www.globenewswire.com/news-release/2025/09/05/3145259/0/en/Trump-Media-Crypto-com-Close-Purchase-Agreement.html)

[3] Trump Media wants to corner a cryptocurrency called Cronos! (https://finshots.in/archive/trump-media-wants-to-corner-a-cryptocurrency-called-cronos/)

[4] Solana Charts $1,000 Price Target, Open Interest Hits All-Time High (https://cointelegraph.com/news/solana-charts-1000-sol-price-target-open-interest-all-time-highs)

[5] The Numbers Don’t Lie: 3M App Users, $397M Raised, 312K Global Holders—Why BlockDAG Is Unstoppable (https://crypto-economy.com/the-numbers-dont-lie-3m-app-users-397m-raised-312k-global-holders-why-blockdag-is-unstoppable/)