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Subnet developer Covenant AI announced its exit from Bittensor due to decentralization concerns and alleged punitive actions by the AI-focused network ecosystem co-founder, Jacob Steeves. Related Reading Covenant AI Slams Bittensor’s Decentralization On Friday, Covenant AI’s founder, Sam Dare, released a statement announcing the subnet developer’s departure from decentralized artificial intelligence network Bittensor, citing governance disputes and decentralization concerns. “We cannot in good conscience continue to build on a network where the foundational claim we make to our investors, that this infrastructure is decentralized and permissionless, is contradicted by the reality of how the network is actually governed,” Dare wrote,…

Crypto startups kicked off Q2 by raising $76 million.Still, there are some headwinds for dealmarking, investors say.Crypto startups kicked off the second-quarter of 2026 with a bang, raising $76 million this week, DefiLlama data shows.They have now raised nearly $5 billion so far in 2026.Venture investors including the likes of Sumitomo Corporation, Paradigm and YZi labs are focusing on infrastructure and the overlap between artificial intelligence and decentralised networks, April data suggests.Still, there are some headwinds for founders angling for new cheques, venture investors say. Chief among them is the uncertainty caused by the US-Iran conflict. While the two have…

Institutions are accelerating their adoption of crypto, with major players steadily entering the market and expanding their exposure to digital assets. But while participation is rising, the way these institutions engage with the ecosystem has fundamentally changed. The old model, where funds parked large amounts of capital directly on crypto exchanges, is being replaced. In its place is a new architecture where trading and custody are no longer intertwined. “Counterparty risk awareness in crypto comes in cycles, and the recent major cyber-attack has triggered one of the largest waves of exchange derisking since FTX. It is yet another reminder that…

Make CryptoSlate preferred on World Liberty Financial, the decentralized finance project co-founded by the Trump family, is hastily preparing to unlock a massive tranche of its WLFI tokens after a nearly two-year holding period.The impending release will likely target a portion of the remaining 80% of public investors’ allocations to the project. According to Tokenomist data, this translates to over 16 billion WLFI tokens, valued at $1.28 billion.WLFI’s Token Unlock (Source: Tokenomist)While the project’s leadership frames the move as a long-awaited reward for early adopters, crypto analysts and retail investors are accusing the team of using the unlock as a…

Aethir said that it remains fully operational following the exploit. Aethir, a decentralized GPU cloud network providing scalable computing power for AI and gaming, confirmed that it had detected and contained a malicious attack targeting its ATH bridge contracts linking Ethereum to other chains. The team behind the platform said that all compromised contracts were promptly disconnected, thereby successfully halting the exploit. It added that the main ATH supply on Ethereum remains fully intact, and the ETH-ARB bridge on Squid was not affected. Hackers Hit Aethir Bridge According to the official update, user losses were limited to under $90,000, and…

Bhutan is quietly unwinding one of the most unusual bitcoin experiments any government has ever run.The Royal Government of Bhutan transferred roughly 319.7 BTC worth $22.68 million to two addresses on Thursday, according to Arkham Intelligence data. Roughly 250 BTC went to a wallet previously used to route funds for sale via Galaxy Digital and OKX. Another 69.7 BTC was sent to a new, unmarked address.The transaction is part of a series of ongoing sales that have been going on for a while.Bhutan held approximately 13,000 BTC in October 2024, accumulated through a hydropower-backed mining operation run by Druk Holding…

Almost all financial markets reacted positively to the big development, aside from oil. After a few consecutive days of warning shots, the US and Iran reached a two-week cease-fire, which would allow them to negotiate for a permanent peace deal. Financial markets responded immediately to the news, but in opposing ways. While most assets, such as BTC, gold, and stocks, went up, oil, which had rocketed after the war began, dumped hard. Oil Slides Given the significance of the region, oil prices were impacted the most after the initial strikes began on February 28. USOIL traded below $70 per barrel…

In brief Solana exchange Stabble urged users to pull liquidity after its former CTO was alleged to be a North Korean hacker. The firm’s total value locked dropped 62% in the wake of the request, dropping from $1.75 million to less than $663,000. North Korean hackers allegedly completed a sophisticated scheme to exploit Drift Protocol last week for $285 million. Solana decentralized exchange Stabble has urged users to pull liquidity from the platform, leading to a 62% drop in its total value locked (TVL) Tuesday after the firm learned its former chief technology officer was flagged as an alleged North…

Spot Bitcoin ETFs recorded their strongest daily inflows since February on Monday despite ongoing geopolitical tensions.Crypto markets retreated on Tuesday as President Donald Trump’s self-imposed deadline for Iran to reopen the Strait of Hormuz drew closer, dampening risk appetite across global markets.Bitcoin is trading at $69,200, according to CoinGecko, recovering from an intraday dip below $68,000 but still well off Monday’s brief push above $70,000. Ethereum is changing hands at $2,112, while Solana trades at $82. XRP fell 1.6% to $1.32.BTC ChartThe total cryptocurrency market capitalization stands at approximately $2.45 trillion, down less than 1% in the past 24 hours.Among…

Crypto Market Movers Bruce Buterin · April 8, 2026 · 3 min read Breaking Signal·Market Impact: High Zcash (ZEC) jumped 28.13% to $323.53 on April 8, topping the gainers board, according to CoinGecko data. LayerZero rose 18.11% to $2.08, Rain climbed 17.25% to $0.007592, Sui added 12.09% to $0.9740, and Ethena gained 10.61% to $0.0908. On the downside, JUST fell 3.92% to $0.0622, while MemeCore, Canton, Ondo US Dollar Yield, and TRON ticked lower. Top Gainers Zcash (ZEC) jumped 28.13% to $323.53. The privacy-focused network employs zk-SNARKs to enable shielded transactions and previously implemented NU5 with Halo to remove trusted…