According to Evan (@StockMKTNewz), the Magnificent 7 tech giants generated a combined revenue of $2 trillion in 2024, soaring from just $1.1 billion in 2020. This massive growth signals increased dominance of mega-cap tech stocks in global markets, which historically correlates with heightened institutional activity in both the stock and cryptocurrency sectors. Traders should note that strong tech earnings can fuel positive sentiment for crypto assets like BTC and ETH due to increased liquidity and risk appetite. Source: Evan (@StockMKTNewz, June 11, 2025).

According to Dan Held, Kraken reported $1.5 billion in revenue for 2024, marking a 128% year-over-year increase. The platform also manages $42.8 billion in assets and achieved a total trading volume of $665 billion. These figures highlight Kraken's robust growth and significant market presence, which traders should consider for future investment decisions.