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Goldman Sachs says DeepSeek’s impact on markets is just a correction, not the start of a bear market. Tech stocks are falling, but Goldman advises investors to diversify and hold safe assets like bonds and mid-cap stocks. DeepSeek’s AI debut triggered a 3% bitcoin drop and $250M in liquidations as crypto closely follows Nasdaq’s performance.
Bitcoin’s consolidation signals bullish potential, with a Parabolic Curve pattern hinting at a rally to $120,000. Can BTC sustain its uptrend?
Bittensor (TAO) is the only top AI coin in the green, showing strong momentum. A bullish Ichimoku setup and rising BBTrend hint at further gains.
Quick Take Crypto wallets linked to Ross Ulbricht lost $12 million in value on Pump.fun, according to Arkham Intelligence. The wallets tracked by Arkham appear to have “accidentally nuked the price” of a Pump.fun “coin sent to him while trying to provide liquidity on Raydium.”
Quick Take The integration is supported by Taproot Assets, a network that enables interoperability between stablecoins and other assets on the Bitcoin network. The move follows numerous other USDT expansions onto other networks, such as Celo, The Open Network (TON) and Aptos.
Quick Take Sam Bankman-Fried’s parents are aiming to get a presidential pardon for their son, but it’s not certain whether they’ve reached out to the White House yet, reports Bloomberg. Joseph Bankman and Barbara Fried’s move to free Sam follows other attempts to pardon incarcerated high-profile crypto figures, such as Silk Road founder Ross Ulbricht.
Quick Take Two developments in late December appear to have been pivotal to BGB’s recent trajectory. The following is an excerpt from The Block’s Data and Insights newsletter.
- 22:47Trader Eugene: After Ethereum historically broke through $2,800, it quickly surged toward $4,000 and I will continue to hold long positionsAccording to ChainCatcher, trader Eugene shared in his personal community, "As long as Bitcoin doesn't follow the old pattern of a false breakout followed by a sharp drop (which currently seems unlikely, though it can't be completely ruled out), Ethereum is very likely to seize the opportunity to break through the key resistance zone at $2,800. Although I'm not entirely sure about the exact timing (Bitcoin dominance, BTC.D, may continue to strengthen for a while), I believe the probability of Ethereum breaking through this resistance zone has risen significantly today. In Ethereum's history, it has only broken above $2,800 three times, and each time the price quickly surged to around $4,000. History doesn't simply repeat itself, but it often rhymes in similar ways. I will continue to hold my long positions and get ready for a wild ride."
- 22:36Pump.fun Acquires Wallet Tracker KolscanAccording to a report by Jinse Finance, Pump.fun has acquired Kolscan, a Solana-based wallet tracker designed to monitor on-chain traders, as announced in a statement released on Thursday. This marks Pump.fun's first acquisition.
- 22:33ETH briefly surpasses $3,000 per token for the first time since early February this yearAccording to Jinse Finance, ETH briefly surpassed $3,000 per token, marking the first time since early February this year. It is currently trading at $2,962.07, up 7.1% in the past 24 hours. The market is experiencing significant volatility, so please manage your risks accordingly.