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.
Similar Posts
Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature
Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has cleared the Florida Senate unanimously. The measure is set to become law once…
Charles Schwab to Enter Prediction Markets with S&P 500 Wagers: WSJ
Financial services giant Charles Schwab will reportedly enter the prediction markets business by offering customers wagers on the S&P 500. According to a Friday Wall Street Journal report, Charles Schwab is planning to launch options contracts allowing users to place yes-or-no wagers on the performance of the S&P 500 stock market index. The move, expected…
Cari Taps ZKsync’s Prividium as US Banks’ Answer to Stablecoins
Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move…
South Korea Halts Trading as Global Markets Plunge
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,…
How a Seed Phrase Leak Led to a $176M Bitcoin Theft Case
Code is not the weakest point in crypto thefts In crypto, security is usually regarded as a technical issue. You are asked to safeguard your private keys, rely on a hardware wallet and steer clear of phishing links. Yet a prominent case in the UK reveals that the real vulnerability in this case might have…
Bitcoin’s Growing US Stocks Correlation Triggers 50% BTC Price Crash Setup
Bitcoin (BTC) erased much of its US-Iran war-driven gains this week, moving back in sync with the broader downtrend in risk assets, mainly US equities. Key takeaways: Bitcoin’s positive flip in S&P 500 correlation has historically preceded average declines of around 50% since 2018. BTC is exposed to a broader risk-asset sell-off due to rising…
