DeepSeek remains at the top of the App Store charts, according to QCP Capital's daily market watch. Its latest AI version caused a huge response on Wall Street and in the risk asset market yesterday, with the Nasdaq index falling 3% while NVIDIA plunged to a staggering 17%. The AI frenzy of 2024 has pushed Nasdaq's valuation to unsustainable levels, with a price-to-earnings ratio approaching 27 times when trading. However, 2025 faces a new set of challenges, including uncertainty over the Federal Reserve's rate hike path, the impact of Trump's policies, and the upcoming technology company earnings report this week, which could pose downside risks for risk assets. Crypto-related stocks were not spared, with Core Scientific plunging 29% and mining companies like Hut 8, Riot Platforms, and Cipher Mining also falling. The decline reflects their growing convergence with AI as many companies reinvent their mines into data centers for high-performance computing. This trend appears to be driven more by risk aversion than by specific crypto factors. Bitcoin (BTC) has found support and stabilized above $102,000, with more calls than puts currently. This week could test whether BTC's correlation with the stock market is weakening, especially if favorable regulatory environments provide potential support.