Post by Augustine Chiagozie (@pabloexchange)

📊 Chinese AI model release rattles crypto and tech markets

Moonshot AI's surprise release of Kimi K3 — a 2.8-trillion-parameter open-weight model — triggered a broad market selloff reminiscent of the DeepSeek shock earlier this year, pulling Bitcoin lower alongside global tech stocks.

The release caught markets off guard, with the scale of the model's parameters fueling concern over competitive pressure on U.S. AI firms. The spillover into crypto mirrors the pattern seen when DeepSeek's model launch in January sparked a sharp risk-off move across digital assets.

No specific Bitcoin price figures were provided in the source, but the correlation between major AI-driven tech selloffs and crypto market weakness continues to hold.

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