News

Foresight News reports that according to GMGN market data, HODL's market capitalization is currently 4.82 million US dollars, with a 24-hour increase of 58.31%. Foresight News notes that on December 18, 2013, Bitcoin plummeted from 1,200 US dollars to 600 US dollars, causing market panic. A BitcoinTalk user named GameKyuubi (an old account registered in 2011) published the famous post: "I AM HODLING." This meme token was reposted by GameKyuubi himself.

BlockBeats News, April 10th, according to an exchange market data, TAO plummeted over 9% in the past 24 hours, now trading at $292.7, with a market cap falling to $3.211 billion. On the news front, the decentralized AI training team Covenant AI issued a public statement, formally announcing its withdrawal from the Bittensor network, directly naming the network's key figure Jacob Steeves (alias Const), accusing him of systematic betrayal of decentralized commitments. Covenant AI founder Sam Dare revealed that Const has recently taken a series of oppressive actions against his team: suspending token emissions for its subnets, revoking its management authority over its own community channels, unilaterally decommissioning subnet infrastructure, and exerting economic pressure through large-scale, high-exposure token dumping during the conflict. Covenant AI bluntly stated that the "three-person multi-signature governance" touted by Bittensor is essentially a "decentralized theater"—Const effectively controls the multi-signature, can unilaterally push through changes at any time bypassing consensus, and other participants are merely legal liability shields. The statement is sharp-worded: "The entire core commitment of Bittensor—that no single entity can control it—is a lie."

OCBC Bank strategists stated that although the temporary ceasefire between the US and Iran sparked a rebound following a sharp decline in oil prices, it still paved the way for normalization of energy supplies through the Strait of Hormuz. This aligns with the bank’s baseline forecast that Brent crude oil prices will fall back to 70-85 dollars per barrel in the second half of the year.If oil prices decline as expected, the US dollar may still weaken later this year, as ongoing policy uncertainty in the United States encourages de-dollarization. However, the resilience of US economic growth and the dollar’s renewed appeal as a safe haven during energy shocks will limit the extent of its depreciation.OCBC Bank’s preferred relief trade remains the Australian dollar—a pro-cyclical currency that is relatively resilient to energy shocks. Moreover, if geopolitical tensions ease further and boost global growth, the Australian dollar could also benefit from strengthening industrial metal prices.