Here’s what happened in crypto today
In today's crypto news, significant developments include the US Commodity Futures Trading Commission (CFTC) integrating Nasdaq’s market surveillance tool to enhance oversight and combat market manipulation in both equities and crypto markets. The tool, which employs tailored algorithms for real-time analysis, aims to detect suspicious trading patterns. Meanwhile, Cronos (CRO), the token of the Crypto.com-backed Cronos Chain, surged by 40% following the announcement of a joint $6.4 billion treasury by the Trump Media and Technology Group and Crypto.com. This positive sentiment fueled a notable rise in Cronos' value, which had already jumped 25% shortly after the announcement. Additionally, the US government has appealed against lenient sentences previously given to the co-founders of HashFlare, who had pleaded guilty to conspiracy to commit wire fraud. Prosecutors are seeking a 10-year prison term, arguing that the fraud caused severe damage to victims, although the co-founders claimed that customers ultimately benefited due to rising crypto prices.
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