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Risk assets faced a meltdown caused by rising concerns over a Chinese artificial intelligence (AI) model created by the AI startup DeepSeek. This model, dubbed R1, rivals o1, another one created by the American AI research company OpenAI. At the time of writing, DeepSeeks AI assistant had dethroned ChatGPT as the most downloaded free app

Four leading cryptocurrency exchanges have recently secured full licenses under the European Union’s Markets in Crypto-Assets Regulation (MiCA). MiCA, which became effective on December 30, 2024, provides a unified regulatory framework for crypto-asset service providers (CASPs) operating across the European Economic Area (EEA). Crypto.com announced on January 27 that its Malta entity received a MiCA

Brian Armstrong, who heads the largest crypto exchange in the United States, Coinbase, has suggested a rethink of the companys token listing process to respond to the incredibly high number of digital currencies being created every week. According to the crypto executive, approximately one million tokens are launched weekly, making it impossible to evaluate each

World Liberty Financial (WLF) – a venture linked to Donald Trump and his family – has been on an aggressive accumulation spree. In fact, the public wallet associated with WLF now holds $370.4 million in assets across 44 distinct cryptocurrencies. According to Santiment’s findings, these accumulation strategies signal its growing influence in decentralized finance (DeFi).

Over the weekend, debate flared within the crypto community regarding the possible inclusion of other cryptocurrencies apart from Bitcoin in a proposed U.S. digital asset reserve, with XRP catching the most flak. Ripple CEO Brad Garlinghouse has now responded to the criticism, defending XRPs potential role while denouncing the divisive nature of maximalism in the

Rosseti Group – Russia’s leading electric grid operator – has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization, and fostering economic growth. According to the report, Rosseti’s position as the largest grid company in the

Crypto derivatives trading became bigger than ever in March, but its share in the total market activity declined for the sixth consecutive month, according to London-based digital assets data provider CCData. Trading volume in futures and options tied to cryptocurrencies on centralized exchanges rose 86.5% to a record high of $6.18 trillion, translating to three

A rise in stablecoin deposits on exchanges is generally viewed as a sign of increased buying interest in cryptocurrencies. While USDC dominance has increased, the buying momentum in the US remains absent. Lately, USDC issuance has grown significantly, resulting in a notable inflow of the stablecoin into exchanges. During this period, however, deposits of its

Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments. Despite flat price movements, trading volumes reached $25 billion, making up 37% of trusted exchange activity. US President Donald Trump issued an executive order last

David Balland, the co-founder of Ledger, a prominent French cryptocurrency hardware wallet manufacturer, and his wife have been safely released following their kidnapping earlier this week. Paris prosecutor’s office further revealed that the couple was abducted from their residence during the early hours of Tuesday, January 21, and transported to an undisclosed location. Bloomberg report

The Ethereum Foundation (EF), a non-profit supporting the Ethereum blockchain network, has established a multisig wallet to participate in the decentralized finance (DeFi) ecosystem. In line with this, the organization has initiated a transfer of 50,000 ETH worth approximately $165.3 million into the wallet. According to a January 20 X post by Hsiao-Wei Wang, recently

Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. According to CoinGecko’s latest report,

After the quiet weekend, in which BTC stood primarily around $105,000, the asset’s price movements have turned sour, and it slumped to a weekly low of under $100,000. The altcoins have bled out even more heavily, with massive price declines from the likes of DOGE, XRP, ADA, SOL, and many others. Similar to the previous

Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2.5% decline. According to liquidation data from Coinglass , this decline has seen $65.47 million worth of positions liquidated, with the majority ($54.10 million) being long positions. Crypto analyst Kevin (Kev_Capital_TA) noted a significant

Bitcoin price settled above the $100,500 resistance zone. BTC is consolidating gains and might aim for a fresh increase above the $105,000 zone. Bitcoin price started a decent upward move above the $104,500 zone. BTC was able to climb above the $105,500 and $106,000 levels. The bulls even pushed the price above the $106,500 level.