# Crypto's DeepSeek Sell-Off

*Author: Bankless*
*Published: Jan 27, 2025*
*Source: https://www.bankless.com/read/cryptos-deepseek-sell-off*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/Frame-50572--5---2-.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/yaps-yapster-yapping-2&email=true)

  

Crypto's DeepSeek Sell-Off

  
  Published on Jan 27, 2025

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Uniswap Labs**](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/yaps-yapster-yapping-2&email=true) — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

[Learn More](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=read/yaps-yapster-yapping-2&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
DeepSeek Sell-Off
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/Group-14---2025-01-27T160703.742-1.png)](https://www.bankless.com/dashboard)- **🇨🇳 DeepSeek Sparks Sell-Off in Crypto and Tech. **The Chinese AI startup's advances that rival OpenAI have [sent shivers down America's capital markets](https://www.bankless.com/read/deepseek-sparks-sell-off-in-crypto-and-tech).
- **🐕 Elon Wants D.O.G.E. to Utilize Blockchains. **In an effort to promote greater tracking of government costs, Musk is floating a desire to tap blockchain ledger-based solutions, [Bloomberg](https://www.bloomberg.com/news/articles/2025-01-25/musk-exploring-blockchain-use-in-us-government-efficiency-effort?sref=3REHEaVI) reports.
- **🤖 Erik Voorhees's AI platform Venice Drops VVV Token. **The "private, censorship-resistant" AI platform's new token [dropped Monday on Base](https://www.theblock.co/post/337196/erik-voorhees-ai-platform-venice-token-ethereum-layer-2-base).
📸**Daily Market Snapshot: **Traders had AI on their minds Monday as Silicon Valley reckoned with AI's "Sputnik moment" as the low-resource Chinese AI team, DeepSeek, made a splash with an open-sourced model that rivals OpenAI's latest. The shockwaves of the launch triggered mass sell-offs, with AI coins like RNDR faltering and Nvidia stock tanking 17%.

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.47T
       

  
    
    ↘ 3.2%
    
  

   
    
    ↘ 2.8%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $101,581
       

  
    
    ↘ 2.9%
    
  

   
    
    ↘ 1.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,166
       

  
    
    ↘ 4.2%
    
  

   
    
    ↘ 4.3%  

 

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ANALYSIS

  
  

Yaps, Yapster & The Yappening
  
  
   
     
     Bankless Author: 
     
       [
       
      Nick Shaheen](https://www.bankless.com/author/nick)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/image---2025-01-27T153405.811.png)](https://www.bankless.com/read/yaps-yapster-yapping-2)**Is 2025 the year of the *Yap*?**

For the less chronically online out there, yapping means [*to talk noisily or stupidly, to jabber*](https://www.urbandictionary.com/define.php?term=yap). As is common in crypto, we’ve owned this somewhat trolling nomenclature. We yap, and we yap proudly. So much so that yapping is not only tolerated here but encouraged. 

This all has exploded in recent weeks with uptake around the hot new app Yapster, which teases a future where yapping becomes a profession, a soon-to-be currency (as is crypto tradition), and a way of life.

*Let's take a look at Yapster and what else is new in Yap culture* 👇

[Read on Bankless.com](https://www.bankless.com/read/yaps-yapster-yapping-2)
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