Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.

TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.
Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces. Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, with a business that seeks to turn real-world credit assets into blockchain-native instruments that…
Key takeaways: Bitcoin derivatives show persistent fear despite the current rally toward $70,000, as seen by futures premiums being pinned well below neutral levels. The markets’ cautious stance stems from broad risk-aversion and lingering concerns over institutional BTC liquidations and Bitcoin network security. Bitcoin (BTC) retested the $70,000 level on Wednesday, recovering from Tuesday’s low…
The Korean Stock Exchange was forced to halt trading after the escalating conflict in the Middle East prompted a major share price plunge on Wednesday. The South Korean Kospi and Kosdaq each plunged more than 10% during morning trading in Seoul, triggering a circuit breaker as the indexes saw their worst session since August 2024,…
Bitcoin could benefit if artificial intelligence disrupts labor markets or creates volatility that prompts central banks to ease monetary policy, according to Greg Cipolaro, research lead at crypto services firm NYDIG. Cipolaro said in a research note on Friday that AI may prove to be a “general-purpose technology” such as electricity, and the macroeconomic effects…
Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating fraudulent transactions and profiting from them,” in the latest move by a US state authority targeting digital currency kiosks and ATMs. In a Wednesday notice, the office of Missouri Attorney General Catherine Hanaway said the lawsuit against GPD Holdings, doing business as…
Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing. In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive…