Tag: Token

TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance – Markets and Prices Bitcoin News

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Key Takeaways: Covenant AI left Bittensor on April 8, alleging co-founder Jacob Steeves maintains centralized control. TAO plummeted 25% to $253, wiping $650 million in market cap and triggering $9.1 million in liquidations. Future trust in Bittensor remains shaky after Nvidia CEO Jensen Huang recently praised its decentralized AI. Covenant AI Exit and Grievances TAO, the native token of the Bittensor protocol, plummeted following allegations from Covenant AI that co-founder Jacob Steeves has centralized control—a direct contradiction of the project’s decentralized mission. Market data shows TAO tumbled nearly 25% in…

💀 The Crypto Crash Started Today…

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ARIA Token Plummets 80% Moments After Reaching New All Time High – Markets and Prices Bitcoin News

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Key Takeaways: ARIA crashed over 80% to $0.10 on April 9, moments after the Aria AI token reached a new all-time high. The flash crash slashed $105 million from ARIA’s market cap following Sentinacle’s “black box” warning. Sentinacle’s audit of ARIA suggests capital risk remains high due to unverified code and bytecode extraction. Auditor Warnings The utility token of the gaming platform Aria AI, ARIA, plummeted by more than 80% April 9, moments after hitting a new all-time high. Market data shows the token, which traded just below $0.78 around…

Polymarket To Replace USDC.e With USDC-Backed Token In Exchange Upgrade

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Prediction platform Polymarket is overhauling its exchange infrastructure in the coming weeks, introducing a new collateral token and upgraded trading system that give the platform greater control over settlement and risk as it moves toward closer alignment with US regulatory expectations. In an announcement on Monday, Polymarket said it will deploy new exchange contracts — dubbed version 2 — designed to simplify how orders are structured and matched. The upgrade is intended to make trading more efficient and to make it easier for developers to connect apps and trading bots…

Global Pix, Mercado Libre Ends Token – Crypto News Bitcoin News

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The Central Bank of Brazil has revealed its next steps to keep improving and growing Pix, the ubiquitous instant payment system used by almost all adults in the country. According to local media, the Central Bank plans to launch International Pix, a standard feature that would allow individuals and companies to complete cross-border payments and remittances using the Pix network. While Pix is already available internationally in Argentina, the U.S., and Portugal, this new initiative would make it permanent, interconnecting instant national payment systems and streamlining settlements. Pix already serves…

Crypto Token Glut Is Diluting Value And Breaking Investor Returns

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The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an “existential” problem for the industry, according to Michael Ippolito, co-founder of Blockworks. In a series of posts on X, Ippolito noted that while total crypto market capitalization remains relatively strong, the average value per token tells a different story. “The average coin is only slightly higher than where it was in 2020 (!) and down ~50% since 2021,” he wrote. Median token returns have also deteriorated sharply. Most tokens are down roughly 80%…

Bitcoin cools at $67K as PI token stabilizes above $0.17

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Bitcoin (BTC) traded near $67,000 over the weekend after a week of sharp swings. The broader crypto market also stayed steady, while Pi Network’s PI token held above $0.17 after days of losses. Summary Bitcoin traded around $67,000 as weekend volatility faded and the broader crypto market stayed subdued. Pi Network’s PI token stabilized above $0.17 after recent losses, ending its sharp downward trend. VeChain climbed 9% daily while HASH dropped 10%, marking the strongest altcoin moves reported today. Bitcoin showed limited movement over the past 24 hours and remained…

Circle CirBTC Unveils New Token Designed to Expand Bitcoin Role in DeFi

Circle, the issuer of the USDC stablecoin, has unveiled cirBTC, a new Bitcoin-backed token designed to bring the world’s largest digital asset into decentralized finance applications – including lending, borrowing, and liquidity protocols – by addressing the trust deficit that has constrained competing wrapped Bitcoin products. The token is set to launch on Ethereum and Circle’s own Arc blockchain, with additional chain integrations expected in the coming months. The announcement marks Circle’s most direct entry into Bitcoin infrastructure to date, extending a product portfolio that previously centered on dollar-denominated stablecoins…

Token Voting Is Crypto’s Broken Incentive System

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Opinion by: Francesco Mosterts, co-founder of Umia. Crypto prides itself on being a market-driven system. Prices, incentives, and capital flows determine everything from token valuations to lending rates and blockspace demand. Markets are the industry’s primary coordination mechanism. Yet, when it comes to governance, crypto suddenly abandons markets altogether. Recent governance disputes at major protocols have once again exposed the tensions inside DAO decision-making. Participation remains extremely low and influence is highly concentrated. A study of 50 DAOs found “a discernible pattern of low token holder engagement,” showing that a…

World Foundation Completes $65 Million Over-the-Counter Token Sale – News Bytes Bitcoin News

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World Assets Limited, a subsidiary of Sam Altman’s World Foundation, has revealed it closed a series of Over-the-Counter (OTC) sales totaling $65,000,000 with four counterparties. The transactions occurred over the past week, with the initial settlement recorded on March 20, 2026. These sales facilitate project operations including Orb manufacturing, ecosystem development, and general research. The transactions involved an average price of $0.2719 per Worldcoin (WLD) token, with $25,000,000 of the total value subject to a strict six-month lockup period. Remaining settlements associated with these transactions originate from the official World…