Bittensor's TAO token recently experienced volatility amid governance changes and the exit of a major player, Covenant AI. The network's future value depends on subnets that provide tangible, repeatable AI services with paying customers, rather than speculative token rotations. New governance updates like Conviction v2 introduce decaying locks to encourage long-term commitment from subnet operators. Investors and builders are advised to focus on measurable demand, transparent metrics, and real user engagement to assess subnet viability and TAO's long-term prospects.
Oil prices remain below recent highs as hopes for a quick U.S.-Iran deal to reopen the Strait of Hormuz fade. Despite Washington signaling progress, Tehran demands conditions before reopening, causing uncertainty. Analysts warn that if the deadlock c...
A U.S. judge dismissed the bribery case against Indian billionaire Gautam Adani, ending his legal troubles in the U.S. The case involved allegations of paying over $250 million in bribes to Indian officials to secure solar energy contracts and mislea...
Pump.fun generated $10.03 million in protocol fees during Aug. 3-9, marking its first week above $10 million. The platform increased trading activity with $2.97 billion volume and used $5.02 million to buy back and burn 2.15 billion PUMP tokens, offs...
Bitcoin fell below $65,000 after failing to hold that level for four days, with ether and XRP leading declines among major cryptocurrencies. The market is cautious ahead of U.S. inflation data, influenced by rising bond yields and higher oil prices. ...
Keel Infrastructure has ceased all Bitcoin mining operations in the U.S. to repurpose its sites for artificial intelligence (AI) and high-performance computing (HPC) data centers. This transition caused Q2 revenue to drop 50% year-over-year to $30.4 ...
