Bittensor's TAO token fell about 20% from its June 15 peak due to concerns over a governance proposal called Root Reborn, which critics say could centralize power and complicate liquidity and regulation. The decline was worsened by liquidations in derivatives markets and a risk-averse macroeconomic environment driven by expectations of prolonged high U.S. interest rates. Technical analysis shows sellers dominating with key support near $220; failure to hold this level could lead to further declines. Ongoing debates over governance and regulatory risks, combined with weak market momentum, suggest TAO may struggle to regain recent highs soon.
Bittensor (TAO) has pulled back about 2.5% this week after a strong 27% rally last week, consolidating around $260. This cooldown phase reflects profit-taking and defense of key support levels rather than a full reversal. Despite TAO's slight weaknes...
Uniswap (UNI) surged 13.66% to $2.93, leading the top gainers in the crypto market driven by recent positive developments in decentralized finance (DeFi). Other notable gainers include Stellar (XLM), Injective (INJ), Zcash (ZEC), and Jupiter (JUP), e...
Bittensor's native token $TAO surged about 30% after the US government directed Anthropic to disable its advanced AI models, Fable 5 and Mythos 5, citing national security concerns. This move has driven investors toward decentralized AI alternatives ...
The CoinDesk 20 Index rose 5.9% since Friday, driven by strong gains in Bittensor (TAO), which surged 31.9%, and Near Protocol (NEAR), up 22.2%. All 20 assets in the index traded higher, with the smallest gains seen in Binance Coin (BNB) and Bitcoin ...
Bittensor (TAO) rose 9% in 24 hours, extending its weekly gain to 28%, recovering from a key support near $180.9. The rally was driven by strong buying momentum and increased volume, helped by Anthropic's regulatory move limiting access to centralize...
