Bittensor's native TAO token fell over 18% on April 10, 2026, following Covenant AI's announcement to leave the network, citing centralized control and governance issues. Covenant AI, which managed three key subnets, accused Bittensor co-founder Jacob Steeves of autocratic management, including halting token emissions and revoking access rights. This departure led to significant token liquidations and increased selling pressure, pushing TAO below its 200-day moving average with $250 as a critical support level. Despite the setback, Covenant AI plans to continue its AI research independently, signaling ongoing innovation in decentralized AI training beyond Bittensor.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Bittensor (TAO) dropped below the $200 support level, hitting a monthly low of $193 due to increased futures outflows and declining open interest, indicating reduced exposure by derivatives traders. Despite the bearish momentum, spot market data show...
NEAR Protocol's price rose above $2, supported by renewed interest in AI-related cryptocurrencies and an 83% surge in trading volume. The token is breaking out of a falling wedge pattern, with a confirmed breakout above $2.03 potentially driving pric...
