The Shib News Recap: Friday

This Friday, The Shib Daily covers a variety of hot topics in the crypto sphere, starting with OpenAI’s accusations against DeepSeek, which has implications for the future of artificial intelligence. Grayscale’s launch of a new Bitcoin Miners ETF is also making headlines, signaling a growing interest in mining assets. Meanwhile, the decision by Gemini to ban MIT graduates and Ross Ulbricht’s $12 million loss on Pump.fun raises important discussions about crypto market sentiments and risks.

OpenAI Alleges DeepSeek Is Capitalizing on Its Innovations

OpenAI is concerned that DeepSeek, its rapidly growing competitor in China, is leveraging its innovations to speed up AI development. Microsoft is reportedly investigating whether a group linked to DeepSeek improperly accessed OpenAI’s technology. According to David Sacks, DeepSeek may have enhanced its models using knowledge distillation based on OpenAI’s work. The U.S. is contemplating regulations to safeguard its AI advancements and limit China’s access to cutting-edge technology.

Grayscale Introduces MNRS: A New ETF for Bitcoin Mining Investments

Grayscale Investments has launched the Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, providing investors with a new option to invest in Bitcoin mining companies. This fund, introduced on January 20, focuses on companies included in the Indxx Bitcoin Miners Index. Grayscale specified that MNRS will not directly invest in digital assets or derivatives. Still, it may have indirect exposure through its investments in Bitcoin mining firms.

Tyler Winklevoss: No MIT Talent While Gensler Is Teaching There

Tyler Winklevoss, CEO of Gemini, declared that the company will not recruit graduates from MIT while it remains connected to former SEC Chair Gary Gensler. Gensler has taken a teaching role at MIT where he will instruct on AI in finance and regulatory matters. As a result, Gemini will also not accept MIT students for its summer internships. Winklevoss’ stance has led to both support and criticism within the crypto industry.

Ross Ulbricht Loses $12 Million in ROSS Token Liquidation Error

Ross Ulbricht suffered a $12 million loss on Pump.fun while trying to liquidate ROSS tokens. He ended up with just $600,000 but retains 10% of the total supply. His attempt to sell the tokens caused their value to plummet. Ulbricht made errors in setting up the liquidity pool which worsened his financial situation.

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Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.