What is DeepSeek and why is it dumping the market?
DeepSeek is an AI startup which has created a ChatGPT like tool
But here's a simple twist:
Unlike ChatGPT which has raised over $17B at $150B valuation, DeepSeek has done it with just $10M.
As we know, in the last 2 years, the US and global stock market has pumped majorly on AI hype.
$100B+ has been raised by large companies to build AI tools with plans to raise even more in the future, but with DeepSeek's success, investors are realising that AI companies have raised way much amount and they are overvalued.
This is why NVIDIA is down 12% while NASDAQ is down 5%
The crypto market closely mirrors the US stock market so BTC and alts are dumping too.
Do you think the US stock market bubble has popped? #DeepSeekAI
🚨🚨 BLUM Airdrop: Legit Opportunity or Potential Risk? 🔥🔥
1/ **Introduction**: The BLUM Airdrop is creating a buzz, offering free tokens for early participants. But is it a legit opportunity or a potential scam? Let’s dive in to find out. 2/ **What is BLUM?**: BLUM positions itself as an innovative crypto project, focusing on tech and community-driven growth. The airdrop is aimed at spreading tokens to increase awareness and adoption. 3/ **How Does the Airdrop Work?**: Participants complete tasks like following social media, joining Telegram groups, or referring friends to earn BLUM tokens. 4/ **Red Flags to Watch Out For**: - **Lack of Transparency**: An anonymous team or a vague roadmap can signal trouble. - **Too Good to Be True**: Overly generous rewards? That’s often a warning sign. - **Wallet Permissions**: Be cautious if you're asked to connect your wallet to unfamiliar platforms or give excessive permissions. 5/ **Community & Partnerships**: Verify the project’s legitimacy through its community engagement and collaborations. Legit projects typically have strong, credible partnerships and active followers. 6/ **Tokenomics & Listings**: Check BLUM’s tokenomics—does it have a clear distribution plan? Are there legitimate use cases? Is it listed on reputable exchanges? Lack of details can be a major red flag. 7/ **What the Experts Are Saying**: Look at opinions from credible crypto analysts. Are they endorsing BLUM or advising caution? 8/ **Protect Yourself**: - **DYOR**: Research the project thoroughly and check multiple sources. - **Use a Secondary Wallet**: If you decide to participate, use a wallet that doesn’t store your primary assets. - **Stay Informed**: Follow updates from trusted news sources and crypto communities for the latest developments. 9/ **Conclusion**: The BLUM Airdrop could be a promising opportunity, but it’s wise to approach it with caution. Until its legitimacy is verified, treat it as a high-risk venture. 10/ **Final Thought**: Airdrops can be exciting but often come with risks. Always prioritize security and maintain a healthy level of skepticism in the fast-moving crypto space. #BlumCrypto #BinanceSquareFamily #Airdrops_free #blum #BTC☀