AI Coins Plunge as Chinese Startup DeepSeek Disrupts Market

AI Coins Plunge as Chinese Startup DeepSeek Disrupts Market

Early Asian trading hours on Monday saw a sharp decline in the AI cryptocurrency market after DeepSeek, a Chinese artificial intelligence business, gained notoriety for its affordable AI models. Significant AI-focused tokens suffered price drops of 8% to 10%, including Near Protocol (NEAR), Internet Computer (ICP), Render (RENDER), and Filecoin (FIL). During Sunday's overnight trading session, the Nasdaq 100 futures saw a steep decline of 330 p...

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