#MicroStrategyAcquiresBTC š #Ethereum upgrades: Not enough to spark a rally? Despite $ETH ās progress on upgrades, analysts believe they lack the short-term momentum to drive a bullish breakout. Long-term fundamentals remain strong, but traders might need more patience.
Chinese AI startup DeepSeek is making waves with its low-cost models, rivaling OpenAI and Google's AI at a fraction of the cost.
This caused Nvidia to suffer a record one-day loss, though its shares rebounded. Trump called it a "wake-up call" for US tech, emphasizing the need to stay competitive.
Meanwhile, DeepSeekās AI assistant has surpassed ChatGPT in App Store downloads, raising concerns about its impact on the $500B AI investments by US firms. OpenAI CEO Sam Altman acknowledged DeepSeekās progress but remained confident in outperforming it.
š Attention, crypto enthusiasts! Bitwise has officially filed with the SEC to launch an ETF for Dogecoin (DOGE)! š - This move opens up new opportunities for investors, providing access to DOGE in a regulated environment. - ETFs offer diversification and transparency, simplifying investment management. What do you think about this? Share your thoughts in the comments! š¬ $BTC $DOGE $XRP
š DOGE ETF Nextā Bitwise submits application filing for Dogecoin ETF A big step in the crypto space š #Crypto #Bitwise #Dogecoin #CryptoNews $BTC $DOGE $SOL
The worldās 500 richest people collectively lost $108 billion on Monday as a tech-driven selloff tied to Chinese AI developer DeepSeek sent major indices plunging.
Billionaires tied to AI suffered the most significant losses. Nvidia co-founder Jensen Huang saw his fortune shrink by $20.1 billion, a 20% drop, while Oracle co-founder Larry Ellison lost $22.6 billion, equivalent to 12% of his wealth. Other major losses included Michael Dell with $13 billion and Changpeng āCZā Zhao of Binance, down $12.1 billion.
The tech sector accounted for 85% of the total wealth decline, with the Nasdaq Composite Index falling 3.1% and the S&P 500 dropping 1.5%.
DeepSeek, a Hangzhou-based AI developer, has disrupted the market narrative with its low-cost DeepSeek R1 chatbot, developed for just $5.6 million. Its success on global download charts over the weekend highlighted its challenge to Silicon Valley's capital-intensive AI models. The appās rapid rise, however, triggered system outages, limiting registrations to users with Chinese phone numbers.
DeepSeekās emergence has shaken the Western AI supply chain, which has driven market growth in recent years, causing a massive impact on tech-sector billionaires and reshaping perceptions of the global AI race.
šš„ Crypto Market in Motion š„š ā BTC leads with $2.86M in volume, followed by ETH ($979K) and XRP ($769K). š SUI, DOGE, and ONDO are also gaining traction. š JUP and SPELL in redāsell-off or correction? $BTC $ETH $XRP
š#BTC rebound has been achievedāļø š§ From the perspective of the graph, the triangle chose to break downwards and started to rebound after touching the yellow support area. This rise can only be defined as a rebound stage. There is no condition for building a reversal, so we can't be too optimistic. There is an expectation of a fall back when reaching the resistance area again, so we need to be alert to the risk of further decline. Let's seeš š¤If you like my analysis, please likeš and shareš¬$BTC $SOL $XRP
Kent Fire and Rescue Service (KFRS) has launched a cutting-edge firefighting robot designed to boost safety and efficiency during major incidents, including industrial fires.
Equipped with thermal imaging, video recording, and audio communication, the robot can:
Detect fire hotspots Provide instructions Assist in rescues with a stretcher
It also boasts a hose attachment capable of spraying 2,000 liters of water per minute, delivering powerful firefighting support.
Controlled remotely, this advanced tool lets crews collect crucial intelligence from a safe distance, minimizing risks. KFRS is set to roll out the robot countywide, with its full capabilities still being explored.
Astronomers have picked up a Fast Radio Burst (FRB) from a galaxy thatās not even forming new stars. Located 130,000 light-years from the galaxy's center, this discovery is shaking up what we thought we knew about FRBs, which were previously linked to active, star-forming regions.
Scientists believe the source could be a globular cluster, and theyāre gearing up for more observations with the James Webb Telescope to uncover the truth. This follows a similar groundbreaking detection back in 2022.
Stay tuned for more updates as the mystery unfolds.
China will soon turn on their own "artificial sun," a groundbreaking nuclear fusion project designed to replicate the process of the real sun. This project, known as the Experimental Advanced Superconducting Tokamak (EAST), aims to achieve clean and virtually limitless energy by sustaining plasma at temperatures over 100 million degrees Celsius. Recently, EAST set a world record by maintaining this extreme temperature for more than 17 minutes. If successful, this innovation could revolutionize energy production and address global energy demands, though achieving practical application remains a significant challenge.
#DeepSeek Valuation: $100M Total #Crypto Liquidations (in 12 hours): $800M One app with a $100M valuation has caused 8x liquidation and erased over $200B from the Crypto market.
Why didnāt the market rise last week? I already mentioned this to you the previous week. Despite historically positive news for Bitcoin and crypto, the market didnāt rise. In fact, altcoins even dropped. The reason? Japan raised its policy interest rate to its highest level in 17 years. Normally, such a move would cause markets to drop sharply, but thanks to Trump and the positive news, Bitcoin remained stable. Thereās no need to worry. Even though Japan is taking a different path than the rest of the world, its influence on Bitcoin and investors like us is no longer as strong. The road ahead is clear, and the pace of the rise will accelerate. But remember, there are too many altcoins, and itās impossible for all of them to rise. Sticking with high-quality, proven altcoins is the smartest choice. š
Starbucks CEO Brian Niccol earned an eye-popping $96 million in just four months of work in 2024, making it one of the largest executive payouts in the U.S.
Niccol, who became CEO in September 2024, received most of his pay in stock awards, accounting for 94% of his compensation. These are performance-based and will vest over three years.
Additionally, he got a $5 million sign-on bonus, while housing costs hit $143,000 and travel expenses totaled $72,000. With an estimated annual package of $113 million, Niccol is now among the top 20 highest-paid CEOs in the U.S.