Artificial intelligence (AI) coins faced an unexpected setback as Nvidia’s highly anticipated GPU Technology Conference (GTC) failed to ignite the enthusiasm investors had hoped for.

Despite the unveiling of Nvidia’s latest AI chips, the AI cryptocurrency market saw a decline of 2.8%. Meanwhile, Nvidia’s own stock also took a hit.

AI Crypto Tokens Slide as Nvidia CEO Unveils Next-Gen Chips in Conference

The Nvidia GTC conference in San Jose, California, has long been a pivotal event for the tech and AI industries, often serving as a catalyst for market movements. This year, expectations were high as CEO Jensen Huang took the stage on March 18 to showcase Nvidia’s next-generation AI chips.

This included the Blackwell Ultra, set for release in the second half of 2025. Huang also provided a glimpse into the company’s roadmap with the Vera Rubin and Rubin Ultra chips slated for 2026 and 2027, respectively. 

He emphasized the chips’ capabilities in advancing AI reasoning and agentic AI—systems designed to plan and act autonomously—positioning Nvidia as a leader in the AI space.

“These last two to three years have seen a fundamental breakthrough in AI. We call it agentic AI,” Huang said.

The CEO previously highlighted the potential of AI agents, predicting it to become a multi-trillion-dollar opportunity. This remark sparked a surge in AI agent tokens.

In fact, AI tokens saw significant gains following Nvidia’s impressive fourth-quarter earnings report in February. Thus, investors hoped for a similar impact from the conference. Yet, this time, the unveiling of new hardware failed to replicate that momentum.

While eight of the top 10 AI coins saw small gains, it wasn’t much. Additionally, the latest data revealed a 2.8% decline in the total market capitalization of AI-related cryptocurrencies following the keynote. Among the sectors, AI Applications experienced the steepest drop, posting a double-digit decline of 17.6%. 

Other affected sectors included AI Agent Launchpad, which saw a decrease of 9.5%, and AI Agents, which dipped by 7.7%. In addition, the AI Framework sector fell by 2.1%. The Bittensor Ecosystem also faced a decline, albeit smaller, at 1.7%.

Nvidia’s stock (NVDA) mirrored the broader sector’s disappointment. According to Google Finance, the shares fell 3.4% on Tuesday, contributing to a year-to-date decline of 14.0%. 

The drop came amid a broader market rout, with tech stocks facing pressure from macroeconomic uncertainty and shifting investor sentiment.

The emergence of competitors, such as China’s DeepSeek, which claimed to have built a cost-effective AI chatbot earlier this year, may also be weighing on sentiment, raising questions about Nvidia’s unchallenged dominance and impact in the AI sector.

In a world where extreme speed meets cutting-edge technology, only true game changers can maintain their lead. Recently, Gate.io officially announced its sponsorship of Oracle Red Bull Racing in F1, sparking widespread market attention and discussion. 

Whether it’s the eight-time championship-winning Red Bull Racing team in F1, or Gate.io, a Web3 pioneer driving industry transformation through innovation, both share the same relentless pursuit of excellence – pushing limits and continuously evolving to dominate their respective arenas.

As the 2025 F1 season approaches, Gate.io and Oracle Red Bull Racing will join forces to drive innovation through technology, define the future through speed, and create a legacy worthy of game changers.

Technology-Driven Excellence: The Relentless Pursuit of Game Changers

In both the crypto market and F1, speed, precision, and innovation determine victory. The partnership between Gate.io and Oracle Red Bull Racing is more than just a branding collaboration—it is the convergence of two industry leaders who share a deep-rooted competitive spirit.

• Leading with Speed: While Oracle Red Bull Racing team in F1 pushes the boundaries of aerodynamics, Gate.io builds its competitive edge through trading speed. In 2024, Gate.io launched 873 new tokens, including 437 first-listings worldwide, continuously accelerating industry innovation and helping users capture market opportunities.
• Winning with Precision: Just as Oracle Red Bull Racing fine-tunes its race strategy through data analytics, Gate.io optimizes every trade with intelligent order matching and advanced algorithms, ensuring transactions are executed at the best possible price, giving users an edge in volatile markets.
• Global Influence: With over 500 million F1 fans worldwide, and Gate.io’s user base surpassing 21 million and growing, this partnership strengthens the global presence of both game changers, extending their reach into new markets.

Branding Momentum Transition: A Strategic Expansion for the Future

Gate.io’s sponsorship of Oracle Red Bull Racing is more than just a branding opportunity—it’s a strategic global expansion plan.

• Targeted Engagement: This partnership is not just about exposure; it’s about reaching the right audience. F1’s global fanbase includes high-net-worth individuals, tech enthusiasts, and finance professionals—key demographics for the crypto industry. Through this collaboration, Gate.io aims to bridge the gap between traditional investors and the future of digital finance.
• Alliance of Champions: Just as Oracle Red Bull Racing dominates F1, Gate.io is a pioneer in crypto space. As one of the longest-standing exchanges, Gate.io continues to lead through technological innovation, security, and market leadership. This partnership is more than just brand exposure—it’s a union of two elite forces.
• Brand Influence: Gate.io’s branding will be featured on Oracle Red Bull Racing’s rear wing, nose, headrests, wheel covers, and even on the helmet of four-time World Champion, Max Verstappen. This symbolizes Gate.io’s strength as an industry leader and reinforces its commitment to innovation and excellence on a global stage.

In the race for market leadership, Gate.io is accelerating with precision and vision, steering toward a broader and more influential future.

Digital Acceleration: Breaking Barriers to Stay Ahead

Like the F1 circuit, the digital asset industry is a battlefield where every second defines the future. In this post-CEX era, Gate.io is not just witnessing the evolution of industry. It is actively driving it forward, redefining industry standards through technological breakthroughs and strategic brand expansion.

• Industry Leader: In January 2025, Gate.io’s total reserves surpassed $10.328 billion, ranking fourth globally. The exchange continues to enhance security frameworks and risk management systems, ensuring a stable and trustworthy trading environment.
• Brand Accelerator: By integrating blockchain technology with mainstream culture, Gate.io is reshaping public perceptions of crypto. In February 2025, Gate.io sponsored the Token of Love Music Festival, bridging the gap between blockchain technology and global pop culture, drawing Web3 enthusiasts worldwide and broadcasting the creativity and vitality of the crypto industry to the global audience.
• Value Creator: Gate.io recently completed its Q4 2024 GT token burn, bringing the total burned supply to 177 million GT, reinforcing its commitment to the long-term value of its platform token. With GT surging over 300% in 2024, Gate.io once again proved its strategic foresight in the market.
• Meme Ecosystem Pioneer: Through its Pilot Section and MemeBox, Gate.io is actively fostering the explosive growth of the Meme ecosystem, helping users capitalize on emerging market trends in real-time.

In F1, only those who relentlessly optimize their technology and strategy can stay ahead. In crypto, only those who continuously innovate can remain dominant across market cycles. Gate.io understands this fundamental truth—and with over 12 years of technical expertise, it has solidified its position as a long-term leader.

Game Changers Never Stop

The F1 race never slows down, and neither does Gate.io’s evolution.As Oracle Red Bull Racing’s cars cut through the air, breaking limits to cross the finish line, and as Gate.io accelerates through market fluctuations to achieve new milestones, both are driven by the same belief: “Only game changers can shape the future.”

David Sacks, the Trump administration’s AI and Crypto Czar, has criticized the media for portraying the cryptocurrency market negatively. 

His remarks follow recent reports that referred to his sale of over $200 million in digital assets as a “dump.”

For context, David Sacks and his firm, Craft Ventures, liquidated their entire cryptocurrency portfolio just before President Trump took office. 

“Crucially, you have already taken significant steps to minimize potential conflicts of interest due to digital asset holdings divesting from hundreds of millions of dollars in digital assets or digital asset-related industry entities,” the White House memo read.

According to the memo, Sacks’ sold assets included Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). It also involved the sale of various crypto-related funds and stocks, such as the Bitwise 10 Crypto Index Fund, Coinbase (COIN), and Robinhood (HOOD).

Nonetheless, Sacks took to X (formerly Twitter) to address media reports that used the term “dump” to describe his sale.

“I did not ‘dump’ my cryptocurrency; I divested it,” David Sacks posted.

He argued that the characterization was not only inaccurate but also intentionally misleading. The crypto czar stressed that it was designed to damage the broader credibility of the cryptocurrency market. Additionally, he emphasized that government ethics rules mandated his actions to avoid any appearance of conflicts of interest.

The statement from Sacks resonated with several industry leaders. Changpeng Zhao (CZ), former CEO of Binance, voiced his support on X. 

“They sell clicks, not ethics,” CZ wrote.

David Nage, Portfolio Manager at Arca, also defended Sacks’ actions and criticized the media’s portrayal.

“The media’s “dump” spin shows crypto’s “don’t trust, verify” ethos clashing with legacy systems built on blind trust,” Nage replied.

Meanwhile, analyst Colin advocated for cutting off all government funding to media organizations. Furthermore, Bankless Co-owner David Hoffman claimed that media outlets often reflect the views and biases of society at large, especially regarding perceptions of cryptocurrency. 

He argued that most people are not involved in crypto. In fact, they may not want it to succeed because accepting its potential for wealth creation would force them to confront a sense of “cognitive dissonance” — the discomfort of holding conflicting beliefs, such as not being involved in crypto while seeing others benefit from it.

“Media is titling headlines to cater to this need,” he added.

Interestingly, this comes amid growing opposition to Trump’s establishment of a digital asset stockpile and strategic bitcoin reserve. In fact, a survey has revealed that a majority of voters share concerns about the US government’s involvement in crypto and blockchain development. Many believe the government should reduce its investment in these technologies.