Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more
Prime Minister Shehbaz Sharif and US President Donald Trump discussed regional security and cooperation along the lines of counter-terrorism, among other matters, as the two met for the first time at the Oval Office in Washington in the early hours of Friday morning, according to a press release from the PM Office. The premier was accompanied by the Chief of Army Staff (COAS) Field Marshal Asim Munir, while the US President was joined by US Vice President JD Vance and Secretary of State Marco Rubio, as per an earlier statement from the PM office. PM Shehbaz thanked Trump for “his public endorsement of Pakistan’s role in counterterrorism and stressed the need to further enhance cooperation in security and intelligence,” as the two discussed matters of regional security. The premier described Trump as a “man of peace”, lauding his “sincere” efforts in ending conflicts around the world. PM Shehbaz branded Trump’s style of leadership “bold, courageous and decisive,” and thanked the US president for his role in me...
US President Donald Trump hosted Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) Field Marshal Asim Munir at the Oval Office in Washington, DC during the early hours of Friday morning. US Vice President JD Vance and Secretary of State Marco Rubio were also present, a statement issued by the Prime Minister’s Office (PMO) after the meeting said. It added that the meeting was held in a pleasant atmosphere. Photos released after the meeting showed both PM Shehbaz and Field Marshal Munir exchanging views with Trump. Trump was also all smiles as he flashed his signature thumbs up sign during a group photo. The meeting, which was closed to the press, was originally slated to begin at 4:30pm Washington time (1:30am PST) but was delayed by approximately 30 minutes as the US president spoke to reporters after signing executive orders. The meeting itself lasted approximately one hour and 20 minutes. Photos from the White House press pool before it began showed PM Shehbaz and Field Marshal Munir waiting pati...
At least three other candidates may be in the running to chair the CTFC after the Winklevoss twins reportedly soured on Trump’s first pick, Brian Quintenz. Former US Commodity Futures Trading Commission (CFTC) member and US President Donald Trump’s pick to chair the agency, Brian Quintenz, may not face a vote in the Senate after reports suggested Trump was considering other candidates for the job. According to a Wednesday Semafor report, the Trump administration was vetting Josh Sterling, a former director at the CFTC’s market participants division, to chair the agency as Quintenz’s nomination reportedly stalled. Sterling, who worked at the CFTC from 2019 to 2021, was appointed to his position during the first Trump administration and did not face a Senate vote. He is a partner at Milbank, an international law firm. Read more