Crypto.com终止数十亿美元股票计划，CRO跌至新低
Is a crisis brewing at Crypto.com?
加密交易所Crypto.com终止重大股票计划并削减奖励，CRO价格创阶段新低，属于影响面大的结构性事件，建议关注CRO后续走势及平台用户动向。
Crypto.com has terminated plans for a multi-billion dollar digital asset treasury (DAT) stock, it’s slashing rewards for cardholders, top executives have departed, and its proprietary token, CRO, has declined 70% over the past year.
Crypto.com 已终止数十亿美元数字资产储备（DAT）股票的计划，正在削减持卡人的奖励，多位高管离职，其专有代币 CRO 在过去一年中下跌了 70%。
Indeed, Crypto.com, Trump’s publicly traded DJT, and another publicly traded company with a ticker symbol that stood for “Make CRO Great Again” terminated their proposed multi-billion dollar business combination over the weekend.
事实上，Crypto.com、特朗普的公开交易公司 DJT，以及另一家股票代码代表“让 CRO 再次伟大”的上市公司，在上周末终止了拟议的数十亿美元业务合并。
The proposed DAT stock was supposed to be “the first and largest publicly traded CRO treasury company.” It will not be the first nor largest anymore.
拟议的 DAT 股票本应是“首家且规模最大的公开交易 CRO 储备公司”。它不再是首家，也不再是规模最大的了。
In preparation for the ultimately unsuccessful business combination, it had even switched its ticker symbol from YORK to MCGA, an obvious play on Trump’s MAGA acronym.
为准备这次最终未能成功的业务合并，它甚至将股票代码从 YORK 改为 MCGA，这明显是在模仿特朗普的 MAGA 缩写。
Kris Marszalek, Crypto.com’s CEO, forecasted MCGA would have become the world’s largest CRO holder, would have somehow exceeded the market capitalization of CRO itself, and would have kept its CRO purchases “forever.”
Crypto.com 的首席执行官 Kris Marszalek 曾预测，MCGA 将成为全球最大的 CRO 持有者，其市值将超过 CRO 本身，并将“永远”继续购买 CRO。
None of those forecasts came true.
这些预测都没有实现。
The price of CRO slid below $0.05 on the cancelation news, its lowest price since October 2023, and the companies scrapped a second deal that had Crypto.com servicing ETFs by Yorkville America, the company behind the MCGA ticker.
在取消消息传出后，CRO 的价格跌至 0.05 美元以下，这是自 2023 年 10 月以来的最低价格，两家公司还取消了第二项交易，该交易涉及 Crypto.com 为 Yorkville America（MCGA 股票代码背后的公司）的 ETF 提供服务。
As the once-solid relationship with the Trump brand showed signs of fraying, the three companies blamed “prevailing market conditions, and shifting business and stakeholder priorities.” Marszalek said “moving forward under current market conditions doesn’t make sense.”
随着与特朗普品牌曾经稳固的关系出现裂痕，三家公司将原因归咎于“当前的市场状况，以及业务和利益相关者优先事项的转变”。Marszalek 表示“在当前市场条件下继续推进没有意义”。
Crypto.com slashes cardholder rewards for CRO stakers
Crypto.com 削减 CRO 质押者的持卡人奖励
The news made things worse for customers who were already upset about another Crypto.com decision.
这一消息让那些已经对 Crypto.com 的另一项决定感到不满的客户更加不满。
In late July, Crypto.com emailed cardholders that it would be reducing cashback rates and other cardholder rewards like airport lounge access.
7 月底，Crypto.com 通过电子邮件通知持卡人，将降低现金返还率和其他持卡人奖励，如机场贵宾厅使用权。
Specifically, as of October 1, the cashback rate of “Ruby” tier Crypto.com cards is dropping 50 basis points from 2% to 1.5%, and their monthly spending cap for those rewards falls from $1,250 to $750.
具体来说，从 10 月 1 日起，“Ruby”级别的 Crypto.com 卡的现金返还率将下降 50 个基点，从 2% 降至 1.5%，这些奖励的月度消费上限将从 1,250 美元降至 750 美元。
More importantly, “Icy White” tier cardholders lose their unlimited 4% cashback rate to a 3.5% rewards rate capped at $3,000 in spend.
更重要的是，“Icy White”级别的持卡人将失去无限 4% 的现金返还率，改为 3.5% 的奖励率，且消费上限为 3,000 美元。
Earning those rates required locking up CRO tokens, yet many cardholders noticed that the terms changed while their tokens remained locked.
要获得这些奖励率，需要锁定 CRO 代币，但许多持卡人注意到，条款发生了变化，而他们的代币仍处于锁定状态。
“It’s about ethics and trust,” one argued, “it is reasonable to expect those conditions to be honoured for the agreed period.”
“这关乎道德和信任，”一位持卡人表示，“在约定期间内，这些条件理应得到履行，这是合理的期望。”
In addition to reduced cashback and lounge rewards, staking rewards for tokenholders who locked-up CRO for those card rewards are also reducing on September 10.
除了现金返还和休息室奖励减少外，为这些卡片奖励而锁定CRO的代币持有者的质押奖励也将在9月10日减少。
The Pro lock-up tier is dropping from 4% to 3%, and the top Private lock-up tier from 9% to 6%.
Pro锁定层级从4%降至3%，最高Private锁定层级从9%降至6%。
This is not the first time Crypto.com has lowered its incentives for cardholders. In May 2022, it slashed CRO card rewards so abruptly that community backlash forced a partial reversal within days.
这不是Crypto.com第一次降低持卡人的激励。2022年5月，它突然削减了CRO卡奖励，导致社区强烈反对，迫使公司在几天内部分逆转。
Trump Media looks past Crypto.com red flags to launch new partnership
特朗普媒体无视Crypto.com的危险信号，启动新合作
Read more: Crypto.com breach exposed more data than CEO claimed, report
阅读更多：报告称Crypto.com泄露的数据比CEO声称的更多
Team members were already heading for the exits
团队成员已经纷纷离职
Crypto.com’s Chief Legal Officer Nick Lundgren resigned in April. Even though Crypto.com has a prediction market division, Lundgren joined a competitor, the prediction market Underdog, weeks later.
Crypto.com的首席法务官Nick Lundgren于4月辞职。尽管Crypto.com有预测市场部门，但Lundgren几周后加入了竞争对手——预测市场Underdog。
Crypto.com’s Chief Marketing Officer Steven Kalifowitz, the executive behind the $700 million, 20-year Crypto.com Arena naming deal, stepped down on June 30.
Crypto.com的首席营销官Steven Kalifowitz，负责7亿美元、20年Crypto.com球馆冠名协议的高管，于6月30日卸任。
Chris Fargis, who oversaw Crypto.com’s prediction markets initiative, left on July 10 after less than a year in his role.
负责Crypto.com预测市场计划的Chris Fargis在任职不到一年后于7月10日离职。
The departures followed deeper cuts.
这些离职事件发生在更深入的裁员之后。
In March, the exchange shed 12% of its staff, around 180 jobs. The firm’s derivatives arm, meanwhile, sued Washington’s state attorney general in July, arguing federal law shields its sports prediction markets from state gambling regulation.
3月，该交易所裁减了12%的员工，约180个工作岗位。与此同时，该公司的衍生品部门在7月起诉了华盛顿州总检察长，辩称联邦法律保护其体育预测市场免受州赌博法规的约束。
On August 2, crypto deposits and withdrawals stalled across all networks for roughly three hours. “All user funds remain completely safe,” the status page said.
8月2日，所有网络的加密货币存取款停滞了大约三个小时。状态页面称：“所有用户资金仍然完全安全。”
CRO traded near $0.047 at time of writing, down roughly 48% this year, -71% over the past 12 months, 95% below its November 2021 peak.
撰写本文时，CRO交易价格接近0.047美元，今年下跌约48%，过去12个月下跌71%，比2021年11月的峰值低95%。
Protos reached out to Crypto.com for comment but didn’t hear back prior to publication time.
Protos联系了Crypto.com寻求评论，但在发布前未收到回复。
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