ChainCatcher news, according to Bloomberg, due to concerns that China's DeepSeek AI model may disrupt the tech market, U.S. stock index futures plummeted during early Asian trading on Monday. As of 10:12 AM Hong Kong time, S&P 500 futures were down as much as 1%, and Nasdaq 100 futures were down as much as 1.9%.DeepSeek released an upgraded AI model last week, claiming it can compete with OpenAI's technology. Over the weekend, reports emerged that the product runs on lower-performance chips at a lower cost, raising questions about the dominance of American tech companies like Nvidia.Nirgunan Tiruchelvam, head of consumer and internet at Aletheia Capital, stated that the DeepSeek product "seriously contradicts the argument that 'Silicon Valley's massive capital and operational expenditures are the most appropriate way to respond to the AI trend.' It raises doubts about the substantial resources invested in AI."

ChainCatcher news, according to a document from the Commodity Futures Trading Commission (CFTC), the CFTC today issued a filing and settlement charges against Nasdaq Futures Inc. (formerly a Designated Contract Market (DCM)). The order found that Nasdaq Futures Inc. failed to properly establish, monitor, or enforce rules related to incentive programs offered to certain traders on its DCM, requiring Nasdaq Futures Inc. to pay a civil penalty of $22 million.It is reported that from July 2015 to July 2018, Nasdaq Futures Inc. operated as a DCM focused on energy commodity futures contracts. Nasdaq Futures Inc. provided various incentive programs to certain traders on its contract market, including its "Designated Market Maker" (DMM) program. In accordance with the CEA and related regulations, this volume-based component was not disclosed to the CFTC.

ChainCatcher news, according to market data, U.S. stock index futures have widened their declines, with the Dow down 1.14%, Nasdaq futures down 5.39%, and S&P 500 index futures down 2.69%.

ChainCatcher news, Nasdaq futures continue to decline, with a drop of 2.54%; S&P 500 futures fell by 1.61%. (Jin Shi)