Markets

Bitcoin Sinks Below $110,000 as Fed Turmoil and Economic Data Loom

In brief Bitcoin dropped 2.8% to $109,882, with $940 million in long liquidations. Trump’s firing of Fed Governor Lisa Cook rattled markets, briefly sinking the dollar index. Investors await Q2 GDP revisions and core PCE inflation for clues on September rate cuts. Bitcoin is extending its weekend losses ahead of key macroeconomic events this week…

Artificial Intelligence

DeepSeek v3.1 Quietly Crushes OpenAI’s Open-Source Comeback

In brief A new DeepSeek AI model has been released, challenging OpenAI’s latest open-source rollout. OpenAI’s gpt-oss-20b falters in reasoning and writing tests, while DeepSeek v3.1 produces gripping stories, working code, and smart refusals At first glance, DeepSeek’s hybrid architecture outperforms OpenAI’s open-source push, though OpenAI’s model wins on customization. OpenAI made its triumphant return…

Markets

Ethereum Hits All-Time High Price After Nearly 4 Years

In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…