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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.
- 14:30Musk: Some Reddit users threatening DOGE employees is illegal, don't mess with DOGEOn February 4th, Elon Musk, the head of the U.S. Department of Government Efficiency (DOGE), retweeted a post titled "Reddit Lies" from user X. The post exposed multiple anonymous Reddit users threatening DOGE department employees, with some content even advocating for extreme actions against them and implying attempts to find their addresses for targeted actions. Musk retweeted this post stating: "They (the relevant Reddit users) have broken the law." Shortly after, Musk released a statement from Edward R. Martin Jr., Federal Prosecutor for the District of Columbia. The statement said that the Justice Department has conducted a preliminary review of related evidence and found clear threats made by individuals and groups against DOGE employees. Currently, the department is closely cooperating with FBI and other law enforcement agencies and has initiated prosecution procedures. Musk commented along with his text: Don't mess with DOGE.
- 14:29The Berachain mainnet will launch on February 6, 2025.The Berachain Foundation officially announces that the Berachain mainnet will be launched on February 6, 2025.
- 14:11Analysis: Today, over 1.07 billion USDC flooded into CEX, the trading characteristics highly match with institutional investor behaviorAccording to a report by Cryptoquant analyst Maartunn, today more than 1.07 billion USDC flowed into centralized trading platforms, with transaction characteristics highly consistent with institutional investor behavior. Historical data shows that an increase in exchange USDC reserves often indicates a positive trend in Bitcoin prices. Notably, similar scale capital inflows also occurred after the FTX crash in December 2022, which coincided precisely with the market bottoming out. The analyst also reminded that USDC inflow could be used for collateralization or other purposes.