Crypto News
DeepSeek Strikes Again: Does Its New Open-Source AI Model Beat DALL-E 3?
The Chinese startup that has stunned Silicon Valley with its language models now boasts superior image generation and understanding.Source link
Poland Surpasses El Salvador in Global Bitcoin ATM Numbers
After a four-month installation drive, Poland has surpassed El Salvador to become the world’s fifth-largest bitcoin ATM center, with 219 machines currently in operation. Poland Jumps to 5th Spot in Global Bitcoin ATM Rankings Poland has climbed to the fifth spot in the global bitcoin automated teller machine (ATM) network rankings after installing 10 newSource link
Trump’s Treasury Secretary Bessent Approved, Likely Tackling Taxes Before Crypto
With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump's administration, where he'll be among those fulfilling the crypto directives already set out by the president last week.Bessent, a billionaire former hedge fund manager, didn't give the crypto sector much to chew on during his nomination hearing earlier this month, but he's a known digital assets enthusiast. His boss, Trump, has already assigned him a spot on the team assigned to marshal the federal government toward a friendly system of oversight.The Senate voted 68-29 to approve Bessent's nomination Monday evening, and he'll officially join Trump's cabinet when he's sworn in to permanently replace predecessor Janet Yellen. At the...
DeepSeek’s Open-Source AI Costs NVIDIA $600 Billion, Triggers $1 Trillion Sector Slump
Nvidia's stock dropped 16% on Monday as DeepSeek's low-cost AI model disrupted the U.S. tech sector, wiping out $1 trillion in a day.Source link
Jupiter’s Acquisition Spree, Buyback Plan Spark Solana Ecosystem Dominance Concerns
Amid a bloody start to the week in crypto markets, which saw liquidations near monthly highs as various major tokens dropped by double-digit percentages, the native token of Solana-based DEX aggregator Jupiter is defying the trend over a new buyback plan.Data from TradingView shows that JUP is up more than 34% against bitcoin over the past week despite seeing an 11% decline over the last 24 hours, compared to BTC’s near 4% drop.JUP’s outperformance is a result of a series of announcements made during its first-ever event, Catstanbul 2025, which addressed utility concerns. The protocol’s pseudonymous founder, known as ‘Meow’, revealed that 50% of all protocol fees are set to be used to buy tokens from the open market, with...