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CRO big pump 10% in a single day! Cronos Labs has brought in a compliance pro to bet on institutional tokenization.
[Coin World] CRO suddenly pumped today, rising more than 10% in a single day to reach $0.11. The reason behind this is that Cronos Labs, an accelerator under Crypto.com, announced a major personnel change—Edward Adlard has officially been appointed as the head of the ecosystem.
This new helmsman is quite impressive; he was previously the CEO of the compliance bridging project Instalabs and also served as the VP of Tezos. The official source revealed that he is mainly focusing on two directions this time: institutional-level tokenization and AI-driven ecological innovation.
Interestingly, this wave of pump coincides with Bitcoin breaking the $90,000 mark. The market sentiment is already exuberant, and coins like CRO, which have actual positive news backing, naturally find it easier to reap the benefits. From the perspective of personnel layout, Cronos is clearly preparing for the next round of institutional capital entering the market.