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DeepSeek Rattles Markets, FED decision this Week, Abstract Launches Today
Manage episode 463592471 series 3508110
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BTC dives on DeepSeek’s impact on tech stocks. FOMC this week also blamed for de-risking. Liquidations hit $500m, funding rates flip negative. MicroStrategy buys $1.1bn more BTC. BTC heading for $70-75k: Hayes. BTC dominance rises back to 60%. Elon wants blockchain for government .efficiency. Cheaper LLMs will just lead to more demand: Pal. IBIT applies for in-kind creation and redemption. $1.9bn weekly inflows to crypto ETPs. Kraken faces setback in case against SEC. Jupiter acquires Moonshot to bolster trading. JUP up 20%, announces new fees & buyback model. Crypto hiring has ‘come roaring back’. Republicans launch debanking investigation. a16z shuts London office and exits UK.
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