Storm Surge: Kraken Rides Market Turbulence to $472M Revenue Spike

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• Cryptocurrencies: 14.76M

• Exchanges: 813

• Market Cap: $3.02T (+1.85%)

• 24h Volume: $83.13B (+4.37%)

• Bitcoin Dominance: 63.8%

• Ethereum Dominance: 7.4%

• ETH Gas Price: 0.31 Gwei

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1. TRUMP/USDC – $12.39 (+4.60%)

2. KMNO/USDC – $0.07416 (+2.70%)

3. gork/SOL – $0.03259 (+21.30%)

4. BOOP/USDC – $0.2416 (+78.63%)

5. Fartcoin/SOL – $1.18 (+4.77%)

💹 Market Highlights:

• Total DeFi Volume: $5.43B

• Stablecoins Volume: $77.79B

• Coin with highest % change: BOOP (+78.63%)

📈 Preview On Today’s News:

1. - Storm Surge: Kraken Rides Market Turbulence to $472M Revenue Spike

2. - Crypto Enters the Halls of Power: Lawmaker Pushes for ATMs in Federal Buildings

3. - Crypto Influence or Crypto Illusion? Trump Ventures Branded a 'Perfect Ponzi'

Keep reading below for more!

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Today’s News:

1)

Storm Surge: Kraken Rides Market Turbulence to $472M Revenue Spike

Kraken, one of the world’s leading cryptocurrency exchanges, reported a 19% revenue surge in Q1 2025, reaching $472 million amid heightened market volatility and shifting political landscapes. The uptick was driven by increased trading activity and rising institutional confidence in digital assets. Co-CEO Arjun Sethi emphasized Kraken’s push toward an institutional-grade platform, signaling readiness for a potential IPO in Q1 2026. Analysts link Kraken’s financial growth to recurring political cycles and macroeconomic uncertainty, suggesting continued momentum if current conditions persist.

• Kraken’s Q1 2025 revenue rose 19% to $472 million, driven by market volatility and increased crypto adoption by institutions.

• The exchange is preparing for a possible IPO in early 2026, with analysts citing political and macroeconomic cycles as key growth factors.

2)

Crypto Enters the Halls of Power: Lawmaker Pushes for ATMs in Federal Buildings

Texas Representative Lance Gooden has proposed the installation of cryptocurrency ATMs in U.S. federal buildings, a bold move aimed at fostering innovation and signaling governmental openness to digital assets. In a letter addressed to the General Services Administration on May 1, 2025, Gooden framed the proposal as a step toward reinforcing the United States’ position as a global leader in crypto technology. While advocates argue that such visibility could boost public trust and adoption, critics warn that it may clash with ongoing efforts to regulate and prevent fraud—highlighted by contrasting legislation like Senator Durbin's Crypto ATM Fraud Prevention Act. Experts suggest the success of this initiative will hinge on robust security and regulatory clarity.

• Texas Rep. Lance Gooden is pushing to install crypto ATMs in federal buildings, framing it as a step toward innovation and wider adoption of digital assets.

• The proposal contrasts with past regulatory efforts to curb crypto fraud and could reignite debates over government involvement in digital finance.

3)

Crypto Influence or Crypto Illusion? Trump Ventures Branded a 'Perfect Ponzi'

RiskReversal principal Dan Nathan warned on CNBC that former President Donald Trump’s crypto activities may resemble a “perfect Ponzi scheme,” citing a lack of transparency despite blockchain integration. Nathan’s remarks come amid scrutiny over the Trump-affiliated World Liberty Financial platform and the recent launch of Trump and Melania-branded memecoins. These ventures, including exclusive events for top coin holders, have sparked ethical concerns and prompted calls for a federal ethics probe. Critics fear the initiatives could serve as vehicles for foreign influence and financial gain, undermining the integrity of the presidency.

• Dan Nathan criticized Trump’s crypto ventures as resembling a “perfect Ponzi scheme,” highlighting transparency concerns despite blockchain use.

• Lawmakers have requested an ethics investigation into potential conflicts of interest and influence-peddling tied to Trump’s crypto-related promotions and exclusive events.

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