🐕 MOVE Gains as WLFI Buys $2M. MOVE prices climbed 20% Tuesday as Trump's World Liberty Financial made a buy and Elon's D.O.G.E. partnership rumors circulated.
Daily Market Snapshot: AI coins continued their downward spiral Tuesday, with RNDR's 10% losses walking back its entire winter pump. Other big losers include FART (-55% WoW), AI16Z (-49% WoW), VIRTUAL (-30% WoW), and AIXBT (-33% WoW).
While Wall Street investors grappled with less certain American AI supremacy, Crypto hosted its own bit of AI news with the long-awaited expansion of crypto AI platform Venice.
The service, a “privacy-focused” alternative to mainstream AI services, launched its API and VVV token yesterday. First launched in May 2024, Venice aims to offer open, decentralized, generative AI without the data-logging or censorship prevalent in commercial platforms like ChatGPT. Yesterday, the platform surprised the market with the airdrop of its VVV token, which arrived just as DeepSeek, the new, headline-grabbing AI out of China (which is also openly integrated into Venice), tightened its global access. All these forces have mixed to make Venice the talk of the town and worthy of a deeper dive.
So, today, we’ll explore the app – and examine its extensive functionality, as well as its token and API launch – to understand not only its abilities but also where it's headed! 👇
Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.
China’s new DeepSeek AI model, which reportedly matches OpenAI’s performance at 1/45th the cost, has rattled the AI hardware market and contributed to a 20% dip in Nvidia’s stock price.
Investor-technologist Jeffrey Emanuel argues that DeepSeek’s efficiency gains aren’t the only story, as his viral 12,000-word article “The Short Case for Nvidia Stock” also catalyzed the market’s panic. In this episode, we explore how these converging factors could unbundle Nvidia’s once-unassailable lead and drastically reshape AI compute economics.
Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
