What is DeepSeek? DeepSeek is an AI model (a chatbot) that functions similarly to ChatGPT, enabling users to perform tasks like coding, reasoning and mathematical problem-solving. It is powered by the R1 model, which boasts 670 billion parameters, making it the largest open-source large language model as of Jan. 28, 2025.  DeepSeek developed two models: v3 and…

Tether said it’s bringing its namesake stablecoin to Bitcoin through the layer 2 scaling service, the Lightning Network. Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark announced the partnership on stage at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30. Tether said in a blog post that Lightning Labs — the…

Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining. Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin miners and the BTC mining ecosystem, the company announced on Jan. 30. The fund invests specifically in companies from…