On May 29th, recent market analysis indicates a notable **uptrend** in the **Ethereum** landscape, with various tokens within its ecosystem showcasing significant **gains**. The prominent token **UNI** surged by a
Bitcoin is currently changing hands just above $108,000, consolidating after Tuesday’s fresh all-time high. Charles Edwards, founder of the digital-asset hedge fund Capriole Investments, believes that price could be at least 50% higher by November. In his latest market note, “Saddle Up,” released on 27 May, the manager argues that a rare confluence of macro, technical and on-chain factors has created “the most bullish technical setup we could ask for for Bitcoin at all-time highs.” Bitcoin 50% Rally Is “Conservative” Edwards first set the stage for the call in late April, when Bitcoin was trading near $93,000. “We noted the bullish Bitcoin setup and expectation to be ‘pushing new all-time highs quite soon’,” he recalled. One month later the market has risen 16%, validating that view and, in Edwards’s telling, clearing the decks for the next leg higher. Central to the thesis is what Edwards dubs the “Hard Asset Era.” A breakout in the Gold-to-S&P 500 ratio above its 200-week moving average signals that investors are again favouring scarce stores of value over equities. Historically, such regimes are “sticky,” he writes, adding that the ensuing outperformance of gold over stocks has ranged from 150% to 650% in past cycles. “If you think gold has already rallied a lot, think again,” Edwards said. On that analogue, Bitcoin — which tends to lag gold by several months — could be poised for even steeper gains. Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Recent policy changes have underpinned the rotation. Basel III rules elevated gold to Tier-1 reserve status in 2022, forcing banks to back paper positions with physical metal, while last year’s approvals of spot-Bitcoin exchange-traded funds opened institutional flood-gates to the cryptocurrency. Washington’s creation of a Strategic Bitcoin Reserve in early 2025 provided an additional layer of state-level legitimacy. Against the same backdrop, persistent inflation, tariff frictions and the precedent of freezing Russian foreign-exchange reserves have catalysed demand for politically neutral assets. Bitcoin Technicals And Fundamental From a market-structure standpoint, Bitcoin’s April slide to $75,000 and sharp recovery above $90,000 is described as a text-book “fake-out” — a failed breakdown that often precedes powerful upside trends. The weekly close reclaim above $90,000 “marked the start of a new trend,” Edwards contends, making the $104,000 level the first line of defence. “As long as price is above $104K, this is the most bullish technical setup we could ask for,” he wrote, reducing near-term risk management to a single number. Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock Capriole’s machine-learning-driven Bitcoin Macro Index, which blends more than 100 on-chain, macro and equity-market variables, continues to register in “bullish growth.” Apparent demand (production minus dormant supply) has turned positive, US liquidity remains supportive, and Capriole’s new “Volume Summer” metric shows trend-confirming expansion in trading activity. Taken together with the historical three-to-five-month lag between gold breakouts and Bitcoin rallies, the firm argues that “a 50 %-plus rise over the next six months is a conservative target.” Policy Wild-Cards The clearest threats to the projection lie on the policy front. Edwards highlights a 30- to 60-day window for the United States to strike tariff compromises with China and the European Union; failure could dent risk appetite. He also warns that the flourishing “Bitcoin-treasury arbitrage” — whereby corporates issue low-cost debt to accumulate BTC — could amplify downside in a future deleveraging, though leverage levels remain manageable for now. For the moment, however, the combination of a hard-asset bull cycle, confirmed technical strength and improving fundamentals keeps Capriole “very optimistic about the mid- to long-term potential for both gold and Bitcoin.” As long as the market holds above that $104,000 weekly pivot, Edwards suggests investors should — in his own closing words — “saddle up.” At press time, BTC traded at $108,005. Featured image created with DALL.E, chart from TradingView.com
As AIXBT prices surge by over 18%, it is uncertain if the AI coin can hold above the breakout zone.
The post Ripple News: Was Donald Trump Behind the $121 Million XRP-Backed Treasury Deal? appeared first on Coinpedia Fintech News A surprising connection between the U.S. President Donald Trump and a massive $121 million XRP-backed treasury deal is stirring conversations in the crypto world. Recently, VivoPower International — a NASDAQ-listed energy firm — announced it had raised $121 million in a private share placement to launch a digital asset treasury strategy centered on XRP. What makes this move even more interesting is that the funding was led by His Royal Highness Prince Abdulaziz bin Turki Al Saud of Saudi Arabia, a long-time investor in digital assets and XRP. In an official statement, the Saudi prince revealed that his team met with President Trump and his leadership group during a recent visit to Saudi Arabia. Following those discussions, they believed the timing was right to embrace digital assets and blockchain technology in the Kingdom. This meeting appears to have played a key role in accelerating plans for the XRP-focused treasury strategy. VivoPower aims to become the first public company to officially hold XRP as part of its treasury reserves, joining a growing trend of firms adding cryptocurrencies to their balance sheets. BREAKING: The Saudi Prince (per his own quote) met with President Trump and decided the timing was right for an $XRP focused public company! THIS IS MASSIVE NEWS FOR XRP! https://t.co/L57EnifPbY pic.twitter.com/SFHRtqraC1 — Good Morning Crypto (@AbsGMCrypto) May 28, 2025 Adding to the excitement, former SBI Ripple Asia executive Adam Traidman has joined VivoPower as chairman of its advisory board. Ripple CEO Brad Garlinghouse also acknowledged the move, highlighting it as a major step forward for the XRP ecosystem. This development shows how digital assets like XRP are being adopted at the institutional and governmental level. While it remains unclear how directly involved Trump was in pushing this deal, the timing and the prince’s remarks hint that their meeting may have influenced the decision. For XRP holders, this news offers a bullish signal. As more institutions and global players consider integrating digital assets into their financial strategies, XRP appears to be climbing back into the spotlight.
Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance. Ethereum started a decent increase above the $2,550 and $2,720 levels. The price is trading near $2,720 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,800 resistance zone in the near term. Ethereum Price Rallies Over 5% Ethereum price started a fresh increase from the $2,550 support zone, beating Bitcoin . ETH price was able to recover above the $2,620 and $2,650 resistance levels. The price even surpassed the $2,720 level. However, the bears were active near the $2,785 resistance zone. The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high. Ethereum price is now trading near $2,720 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,780 level. The next key resistance is near the $2,800 level. The first major resistance is near the $2,7=840 level. A clear move above the $2,840 resistance might send the price toward the $2,880 resistance. An upside break above the $2,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $2,950 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $2,780 resistance, it could start a fresh decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,650 zone. It is close to the 76.4% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high. A clear move below the $2,650 support might push the price toward the $2,610 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,700 Major Resistance Level – $2,780
Ripple's RLUSD stablecoin has been listed on Euler Finance. The integration aims to diversify lending and borrowing solutions. Continue Reading: Ripple’s RLUSD Stablecoin Expands Reach on Euler Finance The post Ripple’s RLUSD Stablecoin Expands Reach on Euler Finance appeared first on COINTURK NEWS .
At Bitcoin 2025, Adams urged crypto users to return to New York City and fight restrictive policies.
BitcoinWorld DeepSeek AI’s Phenomenal Rise: What You Need to Know About the China AI Chatbot In the fast-paced world of technology, where AI advancements are constantly pushing boundaries, the emergence of new players can send ripples across industries, including the crypto space which often intersects with cutting-edge tech. One such player making waves recently is DeepSeek AI . This Chinese AI lab has burst onto the global scene, gaining viral attention and sparking discussions about the future of artificial intelligence. What is DeepSeek AI and Where Did it Come From? DeepSeek AI quickly rose to prominence, topping app store charts and capturing the attention of analysts and technologists alike. Its rapid ascent has led many to question the current global AI landscape and the dynamics of the AI race. But what exactly is DeepSeek, and how did a relatively new player achieve such widespread recognition? The origins of DeepSeek AI are tied to the financial world. It is backed by High-Flyer Capital Management, a quantitative hedge fund based in China that leverages AI for its trading strategies. Founded in 2015 by AI enthusiast Liang Wenfeng, High-Flyer Capital Management established DeepSeek in 2023 as a dedicated AI research lab, separate from its core financial operations. The lab eventually spun off into its own entity, retaining the name DeepSeek, with High-Flyer as a key investor. From its inception, DeepSeek invested in building its own data center infrastructure for model training. However, like other AI companies in China, DeepSeek has faced challenges due to U.S. export restrictions on advanced hardware. This has meant using chips like the Nvidia H800, a less powerful alternative to the H100 available elsewhere, for training some of its larger AI Models . The DeepSeek team is notable for its composition, reportedly featuring a young technical staff aggressively recruited from top Chinese universities. The company also hires individuals from non-computer science backgrounds to enhance its models’ understanding across diverse subjects, aiming to build a more versatile AI Chatbot . Exploring DeepSeek’s Powerful AI Models DeepSeek first unveiled its suite of AI Models in November 2023, including DeepSeek Coder, DeepSeek LLM, and DeepSeek Chat. However, it was the release of the next-generation DeepSeek-V2 family of models that truly captured the AI industry’s attention. Key characteristics of DeepSeek-V2: A general-purpose system capable of analyzing both text and images. Strong performance across various AI benchmarks. Significantly lower operational costs compared to contemporary models. Forced domestic competitors like ByteDance and Alibaba to reduce their own model pricing, with some even becoming free. The launch of DeepSeek-V3 in December 2024 further solidified DeepSeek’s reputation. According to the company’s internal testing, DeepSeek V3 demonstrated performance exceeding both openly available models like Meta’s Llama and closed models accessed via API, such as OpenAI’s GPT-4o. Another impressive model is DeepSeek’s R1 “reasoning” model, released in January. DeepSeek claims R1 performs comparably to OpenAI’s o1 model on key benchmarks. As a reasoning model, R1 incorporates a self-fact-checking mechanism designed to mitigate common AI pitfalls. While reasoning models might take slightly longer to generate responses (seconds to minutes), they tend to be more reliable, particularly in complex domains like physics, science, and mathematics. The Challenges and Controversies of China AI Despite their technical prowess, DeepSeek’s AI Models face specific challenges inherent to being developed in China. They are subject to oversight and benchmarking by China’s internet regulator to ensure they align with “core socialist values.” This regulatory environment impacts the behavior of the AI Chatbot . For instance, the R1 model within the DeepSeek app will not provide answers to sensitive political questions regarding topics like Tiananmen Square or Taiwan’s autonomy. Beyond domestic regulation, DeepSeek has also become a point of contention in the broader geopolitical and industry landscape. In March, traffic to DeepSeek saw significant visits, positioning it strongly, though still far behind giants like ChatGPT in terms of overall user base. However, the company’s disruptive approach and technical claims have not gone unnoticed. DeepSeek’s Disruptive Business Model and Industry Impact One of the most puzzling aspects of DeepSeek AI is its seemingly unconventional business model. The company prices its products and services significantly below market rates, even offering some for free. Despite considerable venture capital interest, DeepSeek is reportedly not seeking external investment. The company attributes this strategy to breakthroughs in efficiency that allow for extreme cost competitiveness, although some experts have questioned these claims. Regardless of the specifics, developers have embraced DeepSeek’s models. While not strictly open source, they are available under permissive licenses allowing commercial use. Platforms like Hugging Face host DeepSeek’s models, with thousands of derivative models created by developers, accumulating millions of downloads. DeepSeek’s success has been described in various ways, from “upending AI” to being potentially “over-hyped.” Its emergence coincided with an 18% drop in Nvidia’s stock price in January and elicited public comments from industry leaders like OpenAI CEO Sam Altman and Meta CEO Mark Zuckerberg, highlighting the competitive pressure and strategic importance of AI infrastructure. However, DeepSeek also faces significant pushback, particularly from governments concerned about data security and potential propaganda. U.S. Commerce department bureaus, New York state, and countries like South Korea have banned DeepSeek on government devices. Microsoft’s Vice Chairman and President also cited data security and propaganda concerns for prohibiting its use by Microsoft employees, despite Microsoft Azure AI Foundry listing DeepSeek as available. OpenAI has gone as far as to label DeepSeek as “state-subsidized” and “state-controlled,” recommending that the U.S. government consider banning its models. Conversely, Nvidia CEO Jensen Huang praised DeepSeek’s “excellent innovation,” noting that reasoning models like R1 are beneficial for Nvidia due to their high compute demands. The Future of DeepSeek AI Predicting the exact future trajectory of DeepSeek AI is challenging. Continued development and improvement of its Generative AI models are likely. However, the increasing scrutiny and potential bans from governments, particularly in the U.S., pose significant obstacles. Reports suggest the U.S. government is likely to implement broader bans on DeepSeek for government use, reflecting growing wariness over perceived foreign influence in critical technology sectors. Conclusion DeepSeek AI’s rapid rise from a hedge fund lab to a globally recognized AI Chatbot provider is a testament to its technical innovation and disruptive strategy, particularly its focus on compute-efficient AI Models . It has successfully challenged established players, influenced pricing dynamics, and sparked debate about the global AI race and the role of China AI . While its technical achievements are clear, the company navigates a complex landscape of geopolitical tensions, regulatory constraints, and industry competition, making its future path uncertain but undeniably impactful on the evolution of Generative AI . To learn more about the latest AI market trends , explore our article on key developments shaping AI Models features . This post DeepSeek AI’s Phenomenal Rise: What You Need to Know About the China AI Chatbot first appeared on BitcoinWorld and is written by Editorial Team
Nvidia reported a blowout first quarter on Wednesday, pulling in $44.06 billion in revenue—72% more than it made in the same period last year—according to data reported by LSEG. The number landed well above expectations and immediately pushed Nvidia’s stock up around 6% in after-hours trading. The company also beat on earnings, posting 96 cents per share, adjusted, compared to the 93 cents analysts expected. Despite new restrictions from Washington that blocked shipments of its H20 AI chips to China, Nvidia still delivered one of its strongest quarters ever. The company had been set to make nearly $8 billion more in revenue if not for the policy change. During the quarter, the US government informed the company that the H20 chip, which had previously been cleared, would now require an export license. That decision forced Nvidia to take a $4.5 billion hit from excess inventory and wiped out $2.5 billion in potential sales. China ban slams revenue, Jensen Huang says AI market is closed to US Chief Executive Officer Jensen Huang told investors during the earnings call that the new export controls effectively blocked US companies from competing in China’s massive AI chip market. “The H20 export ban ended our Hopper data center business in China,” Jensen said. He added that the $50 billion AI chip opportunity in China is now “effectively closed to US industry.” The company’s gross margin came in at 61%, but would have been 71.3% if not for the China-related losses. Still, Nvidia’s net income for the quarter climbed 26% to $18.8 billion, or 76 cents per share, compared to $14.9 billion or 60 cents per share a year ago. Revenue jumped from $26 billion a year earlier, driven largely by the company’s data center unit. That division, which includes the hardware powering AI tools like ChatGPT, rose 73% to $39.1 billion, accounting for 88% of total revenue. Nvidia said that almost half of the data center business came from large cloud providers. Sales of networking products, which connect thousands of GPUs for AI training, hit $5 billion. Chief Financial Officer Colette Kress told investors that Microsoft has “deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands” of the company’s GB200 chips, mainly due to its work with OpenAI. Gaming, auto, and visualization units post solid gains The gaming division, once the company’s main business, pulled in $3.8 billion, a 42% increase from the previous year. Nvidia still builds the processor for the upcoming Nintendo Switch 2, but many of these chips now double for AI purposes too. The automotive and robotics unit brought in $567 million, up 72%, boosted by more demand for chips and software used in self-driving technology. The professional visualization segment, including hardware like the DGX Spark and DGX Station, posted $509 million in revenue, up 19% from last year. These machines are used for AI and 3D design workloads. The company also returned cash to shareholders in a big way. It spent $14.1 billion on share repurchases and issued $244 million in dividends during the quarter. Despite facing regulatory setbacks and a China chokehold, Nvidia is less than 5% off its record high from January and is currently sitting at its highest level in four months. Outside of the company’s report, financial markets got another jolt late Wednesday when the US Court of International Trade ruled against President Donald Trump’s “reciprocal” tariffs. The court said Trump had overreached and ordered the tariffs to be vacated. S&P 500 futures rose 1.6%, Nasdaq 100 futures added 2%, and the Dow Jones futures climbed 511 points, or 1.2%. This came after a sluggish session where the S&P 500 fell 0.6%, the Nasdaq Composite dropped 0.5%, and the Dow lost 245 points. But by the end of the week, things looked different. Major indexes are now on pace to end both the week and the month higher. The S&P 500 is up 1.5%, the Dow rose 1.2%, and the Nasdaq gained 2%. The tech sector alone has surged over 10% in May, driven by the AI wave and announcements from companies like Alphabet. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now