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Jesse Powell’s crypto exchange Kraken is seeking $500 million at a $15 billion valuation, a 36% increase from its $11 billion valuation in 2022. That price anchors a comp for the world’s largest crypto exchange, Changpeng Zhao’s Binance, at more than $100 billion. Using a traditional price-to-sales (P/S) ratio, Kraken is seeking a 10x multiple of its $1.5 billion in 2024 revenue. Powell wants that valuation ahead of his initial public offering (IPO) in 2026. Unfortunately, Kraken has been seeking a $15 billion valuation for many years. As early as winter 2021, Powell was fundraising in the $10-20 billion range. Still, Kraken’s latest fundraise creates a new method for peer Analysis of the world’s largest crypto exchange. Kraken, the newest valuation tool for Binance Domestically, Kraken is the second-largest US crypto exchange after Coinbase, which is publicly valued at $97 billion. Globally, Kraken ranks eighth by trading volume per CoinGecko and 14th pe...

The gold usage in China could dictate the prices of the XAU/USD index next, with its shifting consumer consumption. Retail jewelry consumption in China has dipped 3.54% in the first half of 2025, but the void has been filled with the accumulation of gold bars and coins. According to the latest consumption report from the China Gold Association (CGA), consumption of bars and coins in China has surged 23.69% in 2025. That takes the consumption numbers to 264.24 tonnes of the precious metal during H1. Apart from retail investors, even gold usage for industrial purposes rose 2.59% in the same timeframe. Also Read: 3 US Stocks Poised for August 2025 Gains Gold Coins & Bars Sales Rise 24% Source: Watcher Guru Jewelry demand has weakened due to the surging prices, making it expensive for retail buyers. However, the same retail buyers have decided to invest in it instead to gain profits from further price surges. Gold coins and bars are good investments that can generate profits in the lon...

The BRICS alliance slowly yet steadily pulled the rug on the US dollar by various methods in the last three years. They bypassed the USD in several cross-border transactions and leveraged the growing discontent against the White House. While the Biden administration’s sanctions got the group to band together, Trump’s tariffs made them stick together. Either way, the bloc remains united in pushing local currencies ahead to strengthen their native economies and respective GDPs. Also Read: 10 Countries Likely To Join BRICS Alliance Next How BRICS Sidelined the US Dollar India & Russia: Oil Settlements in Dirham, Ruble, and Rupee Source: Adobe / Dreamstime.com After the White House imposed sanctions on Russia, India has been buying crude oil from its BRICS counterpart using the rupee, ruble, and dirham. India had also saved over $7 billion in exchange rates for over two years before Trump stopped the purchases through additional sanctions. This was among the first instances wher...

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Robert Kiyosaki, American businessman and educator, has sounded yet another financial alarm. In a recent social media post, the author of Rich Dad Poor Dad warned that the global economy could be on the brink of a collapse comparable to the 1929 crash and the Great Depression.  Kiyosaki’s warning cites ballooning U.S. debt as the chief reason for concern and recommends, in his characteristic fashion, a shift toward assets such as gold, silver, and Bitcoin (BTC). “I sit tight with gold, silver, & Bitcoin. Good luck. We may be on the brink of another 1929 crash and another Great Depression. America’s debt is out of control. America is the worlds biggest debtor nation in history. You can only print money to pay your bills….for so long.” DO YOU have a 401k or IRA filled with stocks? DO YOU know investment legends Warren Buffet and Jim Rogers have sold most if not all of their stocks and bonds? They are both in cash or silver. If you do not know why B...

A historical price comparison between Bitcoin (BTC) and gold suggests that the cryptocurrency could rally by 35% in the fourth quarter. Notably, Analysis by Ted Pillows projects a major upward move for Bitcoin, suggesting the digital asset could mirror gold’s historical breakout pattern. If the analogy holds, BTC may trade above $160,000 by Q4, he said in an X post on July 26. The comparison draws on Analysis of gold and Bitcoin’s market behavior, identifying phases of accumulation, distribution, and re-accumulation before each asset entered a strong rally. Gold and Bitcoin price analysis. Source: Ted Pillows Notably, gold’s rally, from under $2,000 to over $3,300, followed a prolonged re-accumulation phase. According to Pillows, Bitcoin appears to be nearing the end of a similar structure. The analyst suggested Bitcoin’s market cycle is currently transitioning from re-accumulation to a rally phase. This final leg could significantly pu...

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The U.S. Congress has introduced the GENIUS Act (Guaranteeing Essential Non-bank Issuance of U.S. Stablecoins Act), set to reshape the digital finance space. As stablecoins grow in importance for liquidity, lending, and cross-border payments, this act’s regulations could either drive or hinder DeFi innovation. This article delves into its potential impact. What Is the GENIUS Act? The GENIUS Act is a legislative proposal aimed at creating a federal framework for stablecoin issuance in the United States. Its primary objectives are: Establish regulatory standards for USD-pegged stablecoins. Authorize non-bank entities to issue stablecoins under strict oversight. Ensure 1:1 backing of stablecoins with liquid and transparent reserves. Protect consumers from fraud, mismanagement, or systemic risk. Unlike past attempts at stablecoin regulation, which leaned toward limiting issuance to banks, the GENIUS Act offers a middle ground —allowing private companies and fintech startups to partic...

Two men charged with assaulting a kidnapped bitcoin trader with a chainsaw, a gun, and a cattle prod in an attempt to get him to give up his keys have been released on bail. According to ABC News, a Manhattan judge agreed on Wednesday to release John Woeltz and William Duplessie, each on a $1 million bond. The pair, who have pleaded not guilty to a total of 12 charges, will also be monitored electronically and have been ordered to surrender their passports. Woeltz, who is also known as the “crypto king of Kentucky,” and Duplessie have been in custody since May and stand accused of luring an unnamed Italian crypto trader to Woeltz’s SoHo townhouse where he was held against his will for two weeks and subjected to numerous forms of torture. These included being assaulted with a gun, cattle prod, and chainsaw , and being doused in tequila and set alight. The pair also allegedly threatened to have the victim’s family killed. Crypto execs hiring private secu...

Pudgy Penguins (PENGU) is currently one of the best-performing cryptocurrencies in the market, rallying more than 600% over the last three months. The Solana-based memecoin has rallied 19.6% in the daily charts, 28% in the weekly charts, and 200.7% in the 14-day charts, 409.9% in the monthly charts. Even more impressive, PENGU rallied 601.6% over the previous three months, as CoinGecko reveals. Source: CoinGecko What’s Behind Pudgy Penguin’s 600% Rally? Source: Watcher.Guru Pudgy Penguins skyrocketed into the spotlight thanks to the project’s NFT collection. The NFTs are one of the most significant in the market right now. The collection has a market cap of about 143,897 ETH, with 8888 unique collectible cartoons. It currently sits behind CryptoPunks as the second-largest NFT collection. Pudgy Penguins launched its official PENGU memecoin on the Solana blockchain in December of last year. The coin has garnered considerable fame since its debut. PENGU’s rally was ...

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