BitcoinWorld Perplexity AI’s Astonishing $20 Billion Valuation Reshapes the AI Search Landscape In the fast-paced world of technology, where innovation and investment often collide, the latest news from Perplexity AI is making waves that resonate far beyond Silicon Valley. For those tracking the cryptocurrency market, the rapid ascent of disruptive technologies and their valuations might feel familiar. Perplexity, an AI-powered search startup, has reportedly secured a monumental $200 million in new capital, catapulting its valuation to an astonishing $20 billion. This significant startup funding round underscores the intense investor confidence in AI and its potential to redefine established industries. Perplexity AI’s Meteoric Rise: Unpacking the Latest Funding Round The recent capital injection into Perplexity AI is not just another funding announcement; it’s a statement. Valued at $20 billion, this round comes hot on the heels of previous successes, indicating a relentless growth trajectory. Just two months prior, the company reportedly raised $100 million at an $18 billion valuation. This rapid appreciation highlights the fervent investor appetite for promising AI ventures. Since its inception three years ago, Perplexity has accumulated an impressive $1.5 billion in total funding, according to PitchBook data. This aggressive fundraising strategy positions the company as a formidable player in the AI landscape. While the lead investor for this latest round remains undisclosed, previous rounds saw significant participation from major venture capital firms, including Accel, which led a $500 million round earlier this year at a $14 billion valuation. Such figures are not just numbers; they represent a collective belief in the transformative power of conversational AI and the potential for a new paradigm in how we interact with information. Let’s look at the impressive funding journey of Perplexity: Latest Round: $200 million at a $20 billion valuation. Two Months Prior: $100 million at an $18 billion valuation. Earlier This Year: $500 million at a $14 billion valuation (led by Accel). Total Funding: Approximately $1.5 billion since founding. What is AI Search and How Does Perplexity Challenge Google? At its core, AI search represents a significant evolution from traditional keyword-based search engines. Instead of merely presenting a list of links, AI search platforms like Perplexity provide conversational, direct answers to user queries, synthesizing information from various sources. This approach aims to deliver a more efficient and intuitive user experience, much like having a knowledgeable assistant at your fingertips. Perplexity’s ambition is clear: to challenge Google’s decades-long dominance in the search market. Google’s search engine has become synonymous with finding information online, but its model relies heavily on directing users to external websites, often cluttered with ads. Perplexity’s conversational AI offers a distinct alternative, promising a streamlined, ad-free experience that prioritizes direct answers. This fundamental difference is at the heart of its competitive strategy, aiming to capture a segment of users disillusioned with the current search paradigm. The Astonishing Ascent: Understanding Perplexity AI’s Valuation The staggering AI valuation of $20 billion for Perplexity AI raises important questions about the current state of the AI market. Several factors contribute to such high valuations: Disruptive Potential: Investors are betting on AI’s ability to disrupt massive, established markets like search, which generates hundreds of billions in revenue annually. Technological Edge: Perplexity’s advanced large language models (LLMs) and natural language processing capabilities are seen as a significant technological advantage. Rapid Adoption: The company’s user growth and engagement metrics likely demonstrate strong market acceptance for its conversational search product. Strategic Positioning: By directly challenging Google, Perplexity positions itself in a high-stakes, high-reward arena. Talent Acquisition: High valuations also enable startups to attract and retain top AI talent, which is fiercely competitive. These valuations reflect not just current performance but also the immense future potential perceived by investors. The narrative of an AI revolution is compelling, driving significant capital into companies at the forefront of this technological wave. Revenue Growth and Strategic Ambitions: Is Perplexity AI a True Google Competitor? Beyond impressive funding rounds, a startup’s viability is often measured by its revenue. Perplexity AI’s annual recurring revenue (ARR) is reportedly approaching $200 million, a substantial figure for a company of its age. Last month, the company’s head of communication indicated an ARR of over $150 million, suggesting rapid growth in its revenue streams. This strong revenue performance, coupled with aggressive fundraising, paints a picture of a company with serious ambitions. Perhaps the most audacious move by Perplexity that cemented its status as a serious Google competitor was its offer in August to acquire Google’s Chrome browser for $34.5 billion. This offer came amidst antitrust allegations against Google by the Justice Department, which had proposed that Google sell its web browser. While a federal judge ultimately ruled that Google would not have to break up its search business, effectively allowing it to keep Chrome, Perplexity’s bid demonstrated its bold strategic thinking and its intent to fundamentally alter the search ecosystem. Such a move, even if unsuccessful, sends a clear signal to the market and its competitors about Perplexity’s long-term vision and financial backing. Implications for the AI Startup Ecosystem Perplexity AI’s journey offers valuable insights into the broader AI startup landscape. Its rapid funding and valuation increases are indicative of a buoyant market, where innovative AI solutions are attracting unprecedented levels of investment. This trend is likely to: Fuel Further Innovation: More capital flowing into AI encourages new startups and research, accelerating technological advancements. Intensify Competition: As more players enter the field, competition for talent, users, and market share will grow fierce. Raise Exit Expectations: High valuations set a precedent for future acquisitions and IPOs, influencing investor returns and startup strategies. Attract Regulatory Scrutiny: The rise of powerful AI entities and their potential impact on established markets may draw increased attention from regulators. However, it also raises questions about sustainability and potential market bubbles. While the current enthusiasm for AI is palpable, investors and entrepreneurs alike must remain mindful of the challenges that come with such rapid growth, including maintaining profitability and fending off well-resourced incumbents. The Road Ahead: What’s Next for Perplexity AI and the Search Market? As Perplexity AI continues its impressive ascent, the future of AI search looks increasingly dynamic. The company’s ability to consistently secure significant startup funding and demonstrate strong revenue growth positions it as a key player to watch. Its direct challenge to Google’s long-standing dominance is not just about technology; it’s about redefining user expectations and offering a fresh perspective on how we access and process information online. The coming years will undoubtedly see intensified innovation in the AI search space. Perplexity will need to continue refining its conversational AI, expanding its feature set, and scaling its infrastructure to meet growing demand. Its ability to maintain user trust, provide accurate and unbiased information, and navigate the complex competitive landscape will be crucial to its sustained success. The ultimate outcome of this high-stakes battle between the established giant and the ambitious AI challenger will shape the future of internet search for everyone. Conclusion Perplexity AI’s reported $200 million funding round at a $20 billion valuation marks a pivotal moment in the AI industry. This substantial investment underscores the profound belief in conversational AI’s potential to revolutionize search, positioning Perplexity as a formidable Google competitor . With impressive revenue growth and bold strategic moves, Perplexity AI is not just another startup; it’s a rapidly emerging force that is actively reshaping the future of how we find and interact with information online. Its journey highlights the immense opportunities and challenges within the booming AI sector, signaling a new era of innovation and competition. To learn more about the latest AI market trends, explore our article on key developments shaping AI models’ institutional adoption. This post Perplexity AI’s Astonishing $20 Billion Valuation Reshapes the AI Search Landscape first appeared on BitcoinWorld and is written by Editorial Team
XRP price gained pace for a move above the $2.950 resistance. The price is now consolidating gains and might start another increase above $3.020. XRP price is facing hurdles and struggling to clear the $3.050 resistance. The price is now trading above $2.950 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2.980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.9150 zone. XRP Price Eyes More Gains XRP price managed to stay above the $2.850 level and started a fresh increase, beating Bitcoin and Ethereum . The price climbed above the $2.9150 and $2.950 resistance levels. The bulls even pumped the price above the $3.00 level. A high was formed at $3.0365 and the price is now consolidating gains. There was a minor decline and the price tested the 50% Fib retracement level of the upward move from the $2.795 swing low to the $3.036 high. The price is now trading above $2.950 and the 100-hourly Simple Moving Average. Besides, there is a key contracting triangle forming with support at $2.980 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.950 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.020 level. The first major resistance is near the $3.050 level. A clear move above the $3.050 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance. The next major hurdle for the bulls might be near $3.20. More Downsides? If XRP fails to clear the $3.050 resistance zone, it could continue to move down. Initial support on the downside is near the $2.980 level. The next major support is near the $2.9150 level. If there is a downside break and a close below the $2.9150 level, the price might continue to decline toward $2.880. The next major support sits near the $2.850 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.980 and $2.9150. Major Resistance Levels – $3.050 and $3.120.
Gemini increases IPO valuation target above US$3 billion. Updated price range indicates potential US$433 million raise. Continue Reading: Gemini Raises IPO Valuation Over $3 Billion The post Gemini Raises IPO Valuation Over $3 Billion appeared first on COINTURK NEWS .
A recent Reuters report reveals that India is leaning toward avoiding the establishment of a comprehensive legislative framework for regulating cryptocurrency, which is in stark contrast to countries like the United States. Instead, the Indian government plans to maintain partial oversight, driven by concerns that fully integrating digital assets into the mainstream financial system could pose alleged “systemic risks.” India Delays Crypto Legislation A document reviewed by Reuters details the Indian government’s perspective and reflects the views of the Reserve Bank of India (RBI). The document argues that effectively managing the risks associated with cryptocurrencies through regulation would be challenging. The global acceptance of cryptocurrencies has grown significantly, particularly in the US, where President Donald Trump has led a new regulatory era for the digital asset industry with the passage of key bills aimed at fostering a more supportive environment for the adoption and usage of cryptocurrencies. Meanwhile, while China maintains a ban on cryptocurrencies, it is reportedly considering a Yuan-backed stablecoin . Other countries, such as Japan and Australia, are developing regulatory frameworks for digital assets as well. The Indian government document suggests that formal regulation of cryptocurrencies could lend them “legitimacy” and potentially make the sector systemic. This is not the first time India has grappled with the issue of digital asset regulation. In 2021, the government drafted a bill aimed at banning private cryptocurrencies but ultimately chose not to advance the legislation. During its G20 presidency in 2023, India called for a global framework to regulate digital assets, but plans to issue a discussion paper on the country’s stance were postponed. The government indicated it would reassess its position after observing how the US formalizes cryptocurrency usage. Stablecoins Threatening Digital Payment Integrity? Currently, global digital asset exchanges are allowed to operate in India, provided they register with a local government agency that conducts due diligence to mitigate money laundering risks. However, the RBI has consistently warned about the dangers associated with cryptocurrencies, leading to a significant slowdown in trading activities between India’s formal financial system and digital assets. Despite these challenges, Indians have invested approximately $4.5 billion in various digital assets, although the document notes that this level of investment does not currently present a systemic risk to financial stability. The report also highlights the implications of the US adopting dollar-backed stablecoins and promoting them as payment instruments , especially after the passage of the GENIUS Act, a foundation for the full usage of these assets. The Indian government further asserted that the widespread use of stablecoins could risk fragmenting national payment systems, such as the Unified Payment Interface (UPI), thereby undermining the integrity of India’s digital payments landscape. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC) has declined more than 10% from its latest all-time high (ATH) of $124,128, recorded on Binance in August 2025. However, fresh on-chain data suggests that the cryptocurrency may be preparing for its next bullish wave, as miners are starting to show a structural shift in behavior. Bitcoin Miners Shift Strategy – New High Ahead? According to a CryptoQuant Quicktake post by contributor Avocado_onchain, recent on-chain data hints at a structural shift in Bitcoin miner behavior. At the same time, various other metrics point toward increasing resilience in the Bitcoin network. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The analyst brought attention to the Miners’ Position Index (MPI), a metric that has historically shown sharp increases in two scenarios – before a halving when miners strategically sell their holdings, and in late stages of a bull market when they dump their holdings on retail investors. For the uninitiated, the MPI measures the ratio of Bitcoin miners’ outflows – coins sent to exchanges – relative to their one-year moving average. A high MPI indicates that miners are selling more BTC than usual – signaling increased selling pressure – while a low MPI suggests miners are holding or accumulating. However, the current market cycle shows a different trend. While some pre-halving selling was evident, the late bull market sell-offs have been noticeably absent. According to Avocado_onchain, there could be two major reasons for the lack of sell-off. First, the approval and success of spot Bitcoin exchange-traded funds (ETFs) may have had some influence on holders. According to data from SoSoValue, the total net assets tied in spot BTC ETFs currently stand at $144.3 billion – representing 6.5% of BTC’s total market cap. The other potential reason for lukewarm sales of BTC at this stage of the market could be the digital asset’s rapidly rising adoption as a strategic reserve asset by major economies around the world. As a result, miners may be shifting from short-term gains to long-term accumulation. In addition, Bitcoin mining difficulty also recently reached a new ATH, as its growth curve developed a so-called “banana zone” of sharp increases. The surge in mining difficulty reflects rising participation in the Bitcoin network, in addition to strengthening its security. Opinion On BTC Is Split While the miners appear to be holding BTC for the long haul, some analysts predict that the top cryptocurrency may not be out of the woods yet. Crypto analyst Daan Crypto remarked that BTC may be heading below $100,000. Related Reading: Bitcoin Holds $112,000 Support As Binance Whale Activity Cools Off – What’s Ahead? That said, other analysts are more optimistic about BTC’s prospects. In a recent analysis, fellow CryptoQuant contributor CoinCare stated that BTC may have another major leg up in the bull cycle. Meanwhile, Fundstrat’s Tom Lee forecasted that BTC may surge to $200,000 by the end of 2025. At press time, BTC trades at $114,139, up 1.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Two vehicles will buy millions of Avax tokens at discounted price
South Korea lifts crypto venture restrictions, allowing crypto trading and brokerage firms to qualify as venture companies from Sept. 16, unlocking tax breaks, R&D grants, credit guarantees and financing support
COINOTAG News (September 11) reports that, per Farside monitoring, US institutional flows showed a significant net inflow into spot products yesterday: the spot Bitcoin ETF received $741.5 million while the
South Korea’s Minister of SMEs and Startups, Han Seong-sook, said the regulatory change could stimulate growth in crypto and blockchain technologies.
BitcoinWorld Scroll DAO Faces Critical Turmoil: Governance Suspended Amid Executive Resignations The world of decentralized autonomous organizations (DAOs) is rarely dull, but recent news concerning the Scroll DAO has sent ripples across the Ethereum ecosystem. Early Thursday, the DAO behind the promising Ethereum zkEVM scalability project, Scroll (SCR), announced a temporary suspension of its governance operations. This critical development, first reported by crypto media outlet Wu Blockchain, signals a period of significant change and uncertainty for the project. What’s Happening with Scroll DAO Governance? The core of the issue lies in the temporary halt of the Scroll DAO ‘s governance. This means that decisions typically made through community voting and executive action are currently on hold. The suspension comes amidst reports of several key members of Scroll’s management team resigning. Such internal shifts often lead to operational pauses as organizations regroup and strategize their next steps. For those unfamiliar, Scroll is a Layer 2 scaling solution for Ethereum, utilizing zero-knowledge Ethereum Virtual Machine (zkEVM) technology. Its goal is to make Ethereum transactions faster and cheaper while maintaining robust security. The project has garnered considerable attention for its potential to significantly enhance Ethereum’s scalability. Therefore, any disruption to its core operations, especially governance, is noteworthy. Why Are Scroll DAO Executives Resigning? While the official announcement from Scroll confirmed the governance suspension and mentioned a redesign, specific reasons for the executive resignations have not been publicly detailed. This lack of explicit information naturally leads to speculation within the crypto community. Resignations in a decentralized project can stem from various factors, including: Differences in strategic vision for the Scroll DAO . Challenges in implementing decentralized governance models effectively. Personal reasons or new opportunities for the individuals involved. The impact of such departures can be substantial, especially if they involve individuals with deep institutional knowledge or leadership roles. The collective expertise and direction provided by a strong management team are crucial for any project, decentralized or not, to navigate its development roadmap successfully. The Road Ahead: Redesigning Scroll DAO Governance Scroll has publicly stated its intention to redesign its governance framework. This commitment suggests that the current pause is seen as a necessary step to build a more resilient and effective system. However, the absence of specific plans for the future leaves many questions unanswered. The community is eagerly awaiting details on what this redesign will entail. A successful governance redesign for the Scroll DAO could involve: Enhanced Decentralization: Implementing mechanisms that further distribute decision-making power. Clearer Roles and Responsibilities: Defining the functions of different committees or groups within the DAO. Improved Communication: Establishing transparent channels for updates and community feedback. Robust Conflict Resolution: Developing processes to address internal disputes and disagreements efficiently. The challenge lies in balancing the need for efficient decision-making with the principles of decentralization. Many DAOs grapple with this equilibrium, and Scroll’s experience highlights the ongoing evolution of these organizational structures. What Does This Mean for Scroll (SCR) Holders and Users? For current holders of the SCR token and users of the Scroll zkEVM, the temporary suspension of Scroll DAO governance might raise concerns. While the project’s underlying technology and development work are likely continuing, the pause in governance can create uncertainty regarding future direction and policy changes. It is essential for the Scroll team to provide transparent and timely updates to maintain community trust. Users might wonder about the stability of the platform, while investors could be concerned about the long-term viability and price action of the SCR token. Open communication about the redesign process, timelines, and the new structure will be paramount in reassuring the community and demonstrating a commitment to the project’s future. Navigating Uncertainty: The Future of Scroll DAO The current situation presents both a challenge and an opportunity for the Scroll DAO . While the immediate turmoil and executive resignations are concerning, the commitment to redesign governance could lead to a stronger, more sustainable decentralized structure. The crypto space is no stranger to projects evolving through periods of significant change, and often, these transformations result in more robust and community-driven initiatives. The focus now shifts to Scroll’s leadership to articulate a clear vision for its renewed governance. The community will be watching closely for concrete plans that demonstrate a path forward, ensuring the project’s continued development and its role in the broader Ethereum scaling landscape. Transparency, clear communication, and a well-defined roadmap will be crucial in restoring confidence and paving the way for Scroll’s next chapter. Frequently Asked Questions (FAQs) Q1: What is the Scroll DAO? The Scroll DAO is the decentralized autonomous organization governing Scroll, an Ethereum Layer 2 scaling solution that uses zkEVM technology to provide faster and cheaper transactions on the Ethereum network. Q2: Why has Scroll DAO suspended its governance operations? The Scroll DAO temporarily suspended its governance operations following the resignations of several key management team members. This pause is intended to allow the organization to redesign its governance framework. Q3: What does “zkEVM” mean? zkEVM stands for “zero-knowledge Ethereum Virtual Machine.” It’s a technology that allows Layer 2 networks like Scroll to process transactions off the main Ethereum chain more efficiently, then submit cryptographic proofs (zero-knowledge proofs) back to Ethereum to ensure security and validity. Q4: How does this impact SCR token holders and users? The suspension creates uncertainty regarding future project direction and policy changes. While core development may continue, transparent and timely updates from the Scroll team are crucial to maintain community trust and address concerns about the platform’s stability and the token’s long-term viability. Q5: What are Scroll’s plans for the future? Scroll has announced its intention to redesign its governance. However, specific plans, timelines, and the new structure for the Scroll DAO have not yet been presented. The community awaits further details on this crucial next step. The unfolding situation with the Scroll DAO is a testament to the dynamic and often challenging nature of decentralized governance. As the project navigates this critical period, staying informed is key. Share this article with your network to keep the crypto community updated on these significant developments and spark further discussion on the future of DAOs! To learn more about the latest Ethereum scalability trends, explore our article on key developments shaping zkEVM institutional adoption. This post Scroll DAO Faces Critical Turmoil: Governance Suspended Amid Executive Resignations first appeared on BitcoinWorld and is written by Editorial Team