Crypto News

SoFi's approach will depend on regulatory clarity stemming from President Donald Trump’s administration, according to its CEO Anthony Noto.Source link

Rosseti, Russia’s electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building mining centers and potentially coordinating their placement nationwide. Boosting Rosseti’s Revenues The Russian electric grid operator, Rosseti, is reportedly interested in establishing crypto mining centers powered by power plants with low utilization rates.Source link

Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as Chinese AI startup DeepSeek threw into question ideas that the miners had value as data center plays.The largest cryptocurrency was recently trading at $101,500, up from earlier lows around $98,000 and still down 3% over the past 24 hours. The broader market gauge CoinDesk 20 Index fell 5.6%, dragged lower by double-digit losses of AI-adjacent tokens render (RNDR) and filecoin (FIL). Solana, which is a key hub for crypto AI agent tokens, also fell over 10%.The sharp move down liquidated nearly $1 billion of leveraged derivatives positions across crypto assets, CoinGlass data shows.The...

Dogecoin fell hard on Monday, dropping below $0.31 as Bitcoin, Solana, and other coins echoed the stock market's dive.Source link

Deepseek, a Chinese artificial intelligence (AI) startup founded in 2023 by Liang Wenfeng, has swiftly unsettled global markets with its groundbreaking and cost-effective AI models. Its rapid ascent has rippled across U.S. equities, notably affecting Nvidia shares, and has even introduced turbulence into the cryptocurrency sector. Deepseek’s Rise: The $5.58M AI Model That Left SiliconSource link