Trump Media partners with Crypto.com to form a new force: Two former Gryphon executives at the helm, the first deal sweeping 680 million CRO.

[Chain News] A major announcement has arrived - a newly formed encryption asset management institution has finalized its leadership team. This department, created in collaboration by Trump Media and Crypto.com, has brought in two veterans who have been in the industry for many years.

According to the information disclosed by Yorkville Acquisition Corp., once the business merger dust settles, around the first quarter of next year, (, Steve Gutterman will take over as CEO, while Sim Salzman will take on the role of CFO. These two have impressive backgrounds - they previously managed company restructuring at Gryphon Digital Mining, dealt with regulatory filings, and executed capital market strategies, with notable names like E*TRADE, American Bitcoin, and Marathon Digital on their resumes.

Speaking of the gameplay of this new entity, it's quite interesting. After the merger is completed, the core asset they are targeting is the CRO token, which they plan to use as a ballast for long-term reserves. As early as a few months ago, the two companies announced their first major deal - purchasing 684.4 million CRO at an average price of around $0.153 each, totaling about $105 million, with the payment method being a combination of cash and stock.

The signals revealed behind this operation are very clear: traditional business giants and leading trading platforms are deeply bound together, and the CRO chip obviously occupies a key position on their strategic chessboard.