Author: Yeek.io

Homepage > News > Business > This Week in AI: What’s the hidden truth behind DeepSeek? Recently, DeepSeek, a generative artificial intelligence (GenAI) chatbot, disrupted the AI industry. The China-based company was founded in 2023, but until January 24, barely anyone had heard of it. Then, almost overnight, DeepSeek became the hottest topic of discussion in the AI world. What made DeepSeek such a big talking point was the claim that the AI model was built for only $5.58 million using 2,000 Nvidia (NASDAQ: NVDA) H800 GPUs and that it performs just as well as OpenAI’s GPT-o1, a model that cost billions to…

FTM was accumulating a bullish momentum, with its prices having surged by over 20% in less than 48 hours. The altcoin whale activity and MVRV ratio pointed to a further potential rally soon. Fantom’s [FTM]  price has witnessed a significant bullish momentum since clearing the critical Fair Value Gap around $0.435. Since its reversal from the key price level that may act as a launchpad for a new bull run, the altcoin is accumulating a bullish momentum, as evidenced by the recent 20% rally over the past 48 hours. Source: TradingView Whales make big moves Interestingly, FTM’s on-chain data reveals…

Dogecoin has shown remarkable growth in the ongoing bull cycle. Many crypto enthusiasts continue to demonstrate robust confidence in the DOGE’s potential as they predict a major growth for the dog-themed meme coin in the short term, allowing it to catalyze a general altcoin market rally. Chart Pattern Signals Robust Performance For Dogecoin With key indicators showing a bullish outlook for Dogecoin, Trader Tardigrade, a market expert and investor has underlined DOGE’s potential to dominate the altcoin market, even surpassing Bitcoin, the largest crypto asset.  Given the momentum building on the Dogecoin Dominance on Bitcoin Dominance (DOGE.D/BTC.D) chart, he asserted…

Bitcoin price has regained upward traction, trading back above $105,000 after a temporary dip below $104,000 earlier today. This 1.2% increase over the past hour reflects renewed optimism in the market. Amid this price performance, Crypto Dan, a CryptoQuant analyst has shared his analysis of on-chain data and market behaviors that may shape Bitcoin’s trajectory in the weeks and months ahead. Bitcoin Bullish Market But Caution According to Dan, the amount of Bitcoin held for less than six months continues to show notable growth with each market cycle. This trend suggests that as Bitcoin’s appeal widens, new capital inflows—particularly from…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Ethereum ETFs remain unstable due to market volatility. A new AI-powered platform, WallitIQ, offers tools to help investors navigate these fluctuations. Despite seeing slightly renewed interest a few days ago, the market of spot Ethereum ETFs is still facing instability at large due to the volatility in the Ethereum price. Although spot Ethereum ETFs are still a highly considered investment option, a crypto whizkid has suggested a new AI-powered wallet-based solution to investors. The whizkid noted that investors…

An informal poll showed that 97% of voters support Danny Ryan as the next leader of the Ethereum Foundation. Vitalik Buterin has proposed becoming the sole decision-maker for leadership changes at the EF. In an informal Ethereum[ETH] poll, 97% of 335 voters supported Danny Ryan, a former researcher, to lead the Ethereum Foundation (EF). These voters, holding over 51,198 ETH valued at about $164 million, cast their votes through an unofficial on-chain poll at votedannyryan.com. This move is part of broader community unrest regarding the EF’s leadership, facing criticism for inefficiencies and lack of direction.     Source: Lookonchain The…

Bitcoin has been pushing higher over the past few days, fueled by positive sentiment following the U.S. Federal Reserve’s optimistic outlook on economic growth. The price remains above the critical $100K level, consolidating just below all-time highs as traders anticipate the next major move. One of the key drivers behind Bitcoin’s recent strength is the continued accumulation by U.S. Bitcoin ETFs. On-chain data reveals that these funds now hold a total of 1,163,377 BTC, representing 5.87% of Bitcoin’s total supply. Despite some minor outflows after BTC surpassed $100K, the overall trend remains bullish, indicating strong institutional demand and long-term investor…

Data shows the stablecoins USDT and USDC have been seeing capital inflows recently, something that could turn out to be bullish for Bitcoin. Top 2 Stablecoins Have Seen Their Market Caps Grow Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the market caps of the top two stablecoins: USDT and USDC. Below is the chart shared by the analytics firm, that shows the data for the 30-day change in the market caps of the two cryptocurrencies. As is visible in the graph, the 30-day percentage change in the market…

In the past two months, I’ve attended the Adopting Bitcoin Cape Town conference in South Africa and the African Bitcoin Conference in Kenya. I’ve also visited Bitcoin circular economies in both of these countries including Bitcoin Ekasi, Afribit Kibera and Bitcoin Witsand.These experiences have opened my eyes to the fact that developers, community leaders and everyday plebs across Africa are harnessing the power of Bitcoin to catalyze change in their lives, and they’re doing so while carrying on the spirit of the early cypherpunks.An African Bitcoiner’s ManifestoIn “A Cypherpunk’s Manifesto,” Eric Hughes wrote:“Cypherpunks write code. We know that someone has…

Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash’s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their…