Trump Media Group terminated its cooperation with Crypto.com in tokens and forecast markets

On 8 August, it was reported that, one year after the parties reached an agreement last year to establish a digital asset reserve company and to purchase billions of dollars in crypto.com platform coins, Trump Media & Technology Group Corp. announced the termination of the cooperation on Friday. At the same time, the parties cancelled a plan to launch a forecast market contract service on a South Social platform. This withdrawal marks a reduction in the distribution of the encryption sector of the Trump-controlled enterprise. Before that, the price of bitcoin had fallen by almost half since last year's high, currently about $65,000; at the same time, the market's enthusiasm for listed companies to build a “digital asset reserve” by holding encrypted tokens has been significantly cooled。