Kraken Plans $100M Funding Round Ahead of Potential IPO: Report

Kraken, a U.S.-based cryptocurrency exchange, is reportedly planning to raise over $100 million in a funding round as it considers a potential IPO. The exchange is also facing a civil lawsuit from the SEC for allegedly operating as an unregistered exchange. Despite regulatory scrutiny, other players in the industry, such as Coinbase and Robinhood, are making moves towards public offerings and acquisitions in the crypto space.

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Tech Analyst Predicts 5-Year Bull Market Followed by Bursting Bubble

Tech analyst Gene Munster predicts a 3-5 year bull market driven by AI companies going public, but warns of a subsequent bubble burst. He anticipates smaller AI-focused firms to inflate the bubble, while highlighting Alphabet and Meta Platforms as unique AI winners. Despite the impending bubble, Munster sees wealth creation potential in the stock market before its spectacular end.

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Investor Concerns and Market Challenges Impact Bubble Tea Industry Growth

Investors are showing reluctance towards investing in popular bubble tea chains due to concerns about the weak performance of the Hong Kong stock market and the industry’s low barriers to entry, leading to increased competition and declining profit margins. Despite growing competition, bubble tea fans are benefiting from lower prices and discounts, but potential investors are wary of the risks associated with the industry, including the potential impact on consumers’ health.

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Bybit Web3 Announces Upcoming IDO for Thetanuts (NUTS)

Bybit, a top global crypto exchange, is partnering with Oracle Red Bull Racing Team and launching an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its Web3 platform. Thetanuts Finance, a decentralized on-chain options protocol, will offer 66,660,000 NUTS tokens with eligibility requirements for participation. Bybit Web3 aims to redefine openness in the decentralized world, providing a comprehensive suite of Web3 products for accessing, swapping, and growing Web3 assets.

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