President Trump’s Navy Officially Bans China’s DeepSeek AI in America
The United States Navy has officially banned the use of China’s DeepSeek AI across all operations. In a memo reportedly sent on Jan. 24, the Navy informed personnel that the generative AI model must not be used “in any capacity,” citing serious security and ethical risks tied to its Chinese origins.
The directive applies to both work-related and personal use, according to a Jan. 28 report by CNBC. This strict decision comes as DeepSeek’s AI technology crashes global financial markets and triggers debate about the future of AI and US dominance in it.
But the Navy’s warning, which was distributed to all operational personnel, actually came days before the markets went ballistic over DeepSeek’s latest model, R1, which rivals tech from US companies like OpenAI.
Navy sees security risks
The memo, distributed under the Operational Navy (OpNav) system, left no room for ambiguity. CNBC claims it read:
“We would like to bring to your attention a critical update regarding a new AI model called DeepSeek. It is imperative that all personnel refrain from downloading, installing, or using DeepSeek’s AI in any capacity. This includes work-related tasks and personal use.”
The message was signed off by the Naval Air Warfare Center Division Cyber Workforce Manager, showing the high-level concerns over DeepSeek.
Unsurprisingly, the concern comes mainly from DeepSeek’s status as an open-source model, meaning it is accessible to developers worldwide, including those operating in high-risk environments. America thinks that’s a problem, likely because they are not familiar with open-source at all.
DeepSeek claims the R1 was built in just two months with a modest $6 million budget. The app has since skyrocketed to the top of Apple’s App Store, overtaking OpenAI’s ChatGPT in popularity.
But according to the report, the Pentagon has gotten more and more wary of the AI’s rapid adoption, particularly given its origins in a country under heavy US tech sanctions.
The ban also comes as DeepSeek temporarily restricted user registrations earlier this week, citing “large-scale malicious attacks” on its systems. Operations resumed shortly afterward, but the incident heightened concerns over the security vulnerabilities of open-source.
Trump calls DeepSeek a ‘wake-up call’
“DeepSeek is a wake-up call,” President Donald Trump, who took office just last week, declared during a press briefing on Jan. 27. “America’s tech companies need to step up. This is not the time to get comfortable.”
David Sacks, a venture capitalist and Trump’s newly appointed AI and crypto czar, also commented on the situation, saying, “DeepSeek R1 shows just how competitive the AI race has become. I’m confident in the US, but we cannot afford complacency.”
The Trump administration’s first major AI deal was last week’s announcement of Stargate, a joint venture between OpenAI, Oracle, and SoftBank. The project will funnel over $500 billion into AI infrastructure in a mission to solidify America’s AI dominance.
DeepSeek has done a lot of damage though. On Monday, Nvidia suffered its worst trading day since March 2020, with shares plummeting by 16.9%. Broadcom followed closely, with its stock falling 17%. Together, these two giants lost $800 billion in market value, making the worst kind of history.
Micron Technology and Arm Holdings dropped over 11% and 10%, respectively, while AMD and Broadcom saw losses of 6% and 17%. Even power infrastructure companies tied to AI development, like Constellation Energy and Vistra, faced massive declines of up to 28%.
Nvidia did come out and acknowledge DeepSeek’s innovation that very same day. In a statement to CNBC, the chipmaker said, “DeepSeek is an excellent AI advancement and a perfect example of Test Time Scaling. Their work shows how new models can be created using widely available models and export-compliant compute.”
Meanwhile, Meta, the parent company of Facebook, has reportedly launched four “war rooms” within its generative AI department to address the competitive threat that is DeepSeek. These teams are gonna be developing strategies to defeat their newfound Chinese rival, according to a Jan. 27 report by The Information.
Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now
#xrp I have around 88 Xrp coins. Currently it is trading around 3.18 $ . I wanna ask Should I hold or Sell it? If Hold then why or If Sell then Why , Thanks everyone . only Serious and Relevant answers plz 🙏
XRP's price is dropping on Binance due to a combination of factors. Firstly, there's been massive profit-taking after November's rally, which has led to a significant sell-off.
Additionally, the bearish sentiment in derivatives markets and broader market liquidations have also contributed to the decline.
To give you a better idea, here are some key points:
1. Profit-taking: Investors are cashing out after XRP's impressive 375% growth over the past month.
2. Bearish sentiment: Derivatives markets are showing strong bearish sentiment, with a negative funding rate of -0.0885%.
3. Market liquidations: Total long liquidations have reached $358 million in the last 24 hours, amplifying the downward pressure.
4. Bitcoin's dominance: Bitcoin's historic surge to $100,000 has redirected market focus and capital flows, leading to a relative decline in demand for altcoins like XRP.
Despite the current decline, XRP's long-term outlook remains bullish, with some analysts predicting a potential rally to $48. $XRP
Time to Buy XRP? $315 Million Flows Out of Exchanges
The post Time to Buy XRP? $315 Million Flows Out of Exchanges appeared first on Coinpedia Fintech News
XRP, the native token of Ripple Labs, is now poised to continue its upside momentum after facing selling pressure in recent days. This positive outlook for XRP is potentially driven by bullish price action, rising interest from whales and traders, and significant withdrawals from exchanges.
XRP’s Price Momentum
Despite this bullish outlook, XRP has registered a price drop of 3% in the past 24 hours and is currently trading near $2.40. Meanwhile, interest from whales and traders has resulted in a 12% rise in trading volume during the same period, along with a significant withdrawal of tokens from exchanges, as reported by an on-chain analytics firm.
$315 Million XRP Outflow
According to the on-chain analytics firm Coinglass, XRP spot inflow/outflow data shows that exchanges across the cryptocurrency market have witnessed a significant $315 million worth of XRP outflow.
Source: Coinglass
The technical term “outflow” in cryptocurrency refers to the flow of assets from exchanges to wallets, indicating a potential buying opportunity, reducing selling pressure, and suggesting a possible upside rally in the coming days.
The last time exchanges witnessed a notable inflow, XRP’s price dropped by 20%. Now, it’s happening in the opposite direction, hinting at a potential upside rally.
XRP Technical Analysis and Upcoming Level
According to expert technical analysis, XRP recently broke out from a descending trendline but is currently struggling to rally due to strong resistance near the $2.45 level. Based on recent price action and historical momentum, if the altcoin breaches and closes a daily candle above the $2.45 level, there is a strong possibility that XRP could soar by 18% to reach the $2.90 level in the coming days.
Source: Trading View
When combining these metrics with technical analysis, it appears that bulls are currently dominating the asset, which could support XRP in continuing its upside momentum and reaching a new high in the coming days.
Ripple CEO on Gensler Replacement: ‘Outstanding Choice’
Ripple CEO Brad Garlinghouse has opined that former SEC Commissioner Paul Atkins is an "outstanding choice" to lead the agency.
As reported by U.Today, Atkins, the heavy favorite, was officially picked to lead the agency on Wednesday. The pro-crypto libertarian reportedly accepted the job earlier this week.
Garlinghouse believes that Atkins will be able to bring "common sense" back to the agency.
Such sentiment is universally shared by the broader cryptocurrency industry.
Jake Chervinsky, chief legal officer at Variant, claims that it would be "impossible" to express the sheer magnitude of the shift that crypto is likely to see an SEC run by Atkins. "This moment is a regulatory singularity before a new era for crypto," Chervinsky said.
card
Gary Gensler, the current SEC boss, has gained notoriety due to his aggressive anti-crypto stance. The regulator has confirmed that he is going to leave the agency on Jan. 20.
The Gensler replacement has received an endorsement from "Crypto Mom" Hester Peirce. The Republican SEC commissioner, who is known for her pro-crypto stance, is "delighted" that Atkins will be returning to the agency. "Having worked for him during his last stint at the agency, I cannot think of a better person for the job," she said.
card
Cathie Wood, CEO of Ark Invest, believes that the incoming SEC head will be able to free digital assets from Gensler’s "chokehold."
"The triumvirate of Atkins, Peirce, and Uyeda at the SEC will not only bring common sense back to the agency but true investor protection as well," Stuart Alderoty, chief legal officer at Ripple, said in his social media post.
The post XRP Price Prediction For November 28 appeared first on Coinpedia Fintech News
Ripple’s XRP is up by more than six percent in the last 24 hours and is trading slightly below the $1.50 level. The altcoin is up by more than 36 percent in the last seven days and is now eyeing the $2 levels. Here’s a price analysis by analyst Josh of Crypto World:
On XRP’s weekly timeframe, the analyst said that the market is clearly in a bullish trend. The cryptocurrency has recently broken above key levels of resistance, hinting a shift towards upward momentum. A key support level has been established after a recent retest of a previous Fibonacci resistance level, which is now acting as new support. This level sits at approximately $1.30, with support generally found in the range between $1.25 to $1.30.
If XRP experiences a rejection around $1.50, short-term support can be found at around $1.42 to $1.43. Further support lies between $1.36 to $1.37, with a major support zone between $1.28 and $1.30, marked by the golden pocket area.
Resistance Levels To Monitor
As for resistance levels on the larger time frame, XRP is facing strong resistance between $1.60 and $1.70, based on previous highs. One immediate resistance is at the Fibonacci level between $1.50 and $1.51. If XRP manages to break through this level, the next resistance zone is expected between $1.60 and $1.70. A successful breakout above this zone could push XRP towards the next major price target, which lies around $2.
Analyst Issues Warning:
However, the analyst said that it’s important to understand that this breakout comes with a slight increase in risk. The reason for this is that the support line forming below the breakout has only two touchpoints, which is not enough to make it a highly reliable support level. This introduces a bit more uncertainty for traders. Nevertheless, with the breakout confirmed, the technical price target for this move is around $1.77, representing a potential 20% upside from the current price level.
Hello friends, the Telegram's Tap to Earn gamare like wasting of time only . After Hamster Kombat , XEmpire to day lounched on verious exchanges and everyone can see the price . What the gamers got? Nothing , right. So , I am thinking of quit the TTE games . What you guys think ? Comment .
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here! I have been using the Telegram app and Tap to gam like, Hamster Kombat , Xempire and few others hoping to make few hundred dollars. But when the Hamster Kombat airdrop concluded, I just made around 5 bucks and then realized it's just like for time pass. So, if you guys have better ideas, please, let's go together . Thanks .