Bitcoin Holds Near $64K as Oil Spikes on Iran Strikes, Chip Stocks Slide

Moonshot AI Targets Hong Kong IPO Within Six Months After Kimi K3 Triggers Global Selloff

China's Low-Cost AI Models Narrow Gap With US Rivals, Boosting Xi's Leverage

DeepSeek Valued at $52 Billion, Eyes Larger Fundraising Round

DeepSeek Hits $52B Valuation, Sends Shockwaves Through Crypto and Chip Markets

DeepSeek AI Models Erase $589B from Nvidia; Scam Tokens Flood Solana, Ethereum

Moonshot AI’s Kimi K3 Triggers Chip Stock Rout on Wall Street

DeepSeek Raises $7.4 Billion in First External Funding Round, Targets OpenAI and Anthropic

Chinese Filing Suggests DeepSeek Valuation at $52 Billion

DeepSeek Slashes AI Prices by 75%, Putting Heat on Anthropic and Rivals

Anthropic Eyes October IPO, Could Beat OpenAI and DeepSeek to Market

NVIDIA Cuts More Than Half of Authorized AI Chip Customers in Asia to Tighten Export Controls

Bitcoin

This event underscores the intensifying AI arms race, particularly between US and Chinese firms, which competes for the same GPU supply that powers crypto mining and decentralized compute networks. While crypto's 'AI narrative' (e.g., Render, Akash) could benefit from increased awareness, the sheer scale of centralized AI funding may delay capital rotation into decentralized alternatives. The bearish crypto sentiment (Fear & Greed at 25) suggests risk-off positioning, making this a headwind for altcoins.

DeepSeek's annualized revenue reached $400M-$500M and it is seeking to raise ~$7.4B at a ~$74B valuation, up from ~$50B after raising ~$7B in May.

DeepSeek Seeks $7.4B at $74B Valuation After Revenue Hits $500M

DeepSeek's $74B valuation at $500M revenue is a bargain compared to crypto AI tokens with zero revenue – here's why that's bullish for Render and Akash

DeepSeek's Annualized Revenue Hits $400M-$500M, Doubling Run Rate

DeepSeek Targets $71 Billion Valuation in New Funding Round, Eyes IPO

US Delays Blacklisting of DeepSeek, CXMT, and Over 100 Chinese Tech Firms

US Delays Blacklisting Chinese Tech Firms DeepSeek and CXMT

Chinese AI Labs DeepSeek and Xiaomi Cut Frontier Model Costs by 99%

DeepSeek Puts AGI First in $10.2 Billion Funding Talks

DeepSeek Develops Rival to Claude Code in Push for Full-Stack AI Control