<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Fri, 17 Apr 2026 00:15:22 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[Bitcoin's 46-Day Negative Funding Streak: Is This the Signal for the Next Major Market Bottom?]]></title> <link>https://www.bitcointoday.app/article/bitcoins-46-day-negative-funding-streak-is-this-the-signal-for-the-next-major-market-bottom</link> <guid>bitcoins-46-day-negative-funding-streak-is-this-the-signal-for-the-next-major-market-bottom</guid> <pubDate>Wed, 15 Apr 2026 07:01:08 GMT</pubDate> <description><]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>fundingrates</category> <category>marketanalysis</category> <category>trading</category> <category>cryptomarket</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/52d3731e43431556386aa2b63b9458c9038cf5c5-2066x1192.png?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/png"/> </item> <item> <title><![CDATA[Trump Family's Crypto Empire Under Fire: Justin Sun Accuses World Liberty of Deception and Account Freezes]]></title> <link>https://www.bitcointoday.app/article/trump-familys-crypto-empire-under-fire-justin-sun-accuses-world-liberty-of-deception-and-account-freezes</link> <guid>trump-familys-crypto-empire-under-fire-justin-sun-accuses-world-liberty-of-deception-and-account-freezes</guid> <pubDate>Tue, 14 Apr 2026 14:01:08 GMT</pubDate> <description>< *Eric Trump and Donald Trump Jr. at the Bitcoin 2025 conference in Las Vegas.* Dozens of crypto platforms have emerged in recent years, each with their own tokens governed by company rules. Many offer assurances on security and fund handling, but most tokens have declined in value alongside the broader crypto market. World Liberty's primary token, WLFI, has lost 74% of its value since August, trading at around 8 cents as of Monday. However, its stablecoin, USD1, ranks among the top 10 most heavily used stablecoins, benefiting from partnerships and availability on major exchanges like Binance and Kraken. Sun's criticism comes amid broader investor concerns about World Liberty's finances. In February, blockchain data reported by CoinDesk revealed that World Liberty borrowed $75 million from another crypto group, Dolomite, using 5% of the entire WLFI supply as collateral. This sparked fears on social media about the company's ability to repay if WLFI's value continues to drop. World Liberty responded on X, stating it is "nowhere near liquidation" and would add more collateral if needed, later announcing it had repaid $25 million. Austin Campbell, a crypto consultant and instructor at New York University, commented that concerns about the loan arrangement are justified, noting, "If you took this conduct and translated it to traditional markets, you would have some problems." A representative for the SEC did not respond to requests for comment. Last year, House Democrats dedicated a week to criticizing the Trump family's crypto activities, accusing Trump of "profiting off the Presidency," which the White House denied. World Liberty's governing document indicates that a Trump family-owned company is entitled to 75% of revenues from token sales after expenses. Trump's 2025 financial disclosure listed over $57 million in income from World Liberty, with the Trump Organization not commenting and the White House denying conflicts of interest. Shortly before his inauguration in January 2025, Trump launched another crypto token called TRUMP through a separate entity. Its value has also plummeted, trading at around $2.81 compared to a peak of $45 at launch. A coin launched by Melania Trump around the same time followed a similar decline, though she has denied direct involvement in its management.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>justinsun</category> <category>worldliberty</category> <category>trump</category> <category>cryptoscandal</category> <category>investorconflict</category> <enclosure url="https://media-cldnry.s-nbcnews.com/image/upload/t_nbcnews-fp-1200-630,f_auto,q_auto:best/rockcms/2026-04/260413-eric-trump-vl-105p-96e4d3.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Musician's Life Savings Stolen: How a Fake Crypto Wallet App on Apple's Store Led to a $424K Bitcoin Heist]]></title> <link>https://www.bitcointoday.app/article/musicians-life-savings-stolen-how-a-fake-crypto-wallet-app-on-apples-store-led-to-a-424k-bitcoin-heist</link> <guid>musicians-life-savings-stolen-how-a-fake-crypto-wallet-app-on-apples-store-led-to-a-424k-bitcoin-heist</guid> <pubDate>Tue, 14 Apr 2026 07:01:09 GMT</pubDate> <description>< ## The Aftermath and Warnings "I been in the crypto circus since 2017," said Love in a follow-up post. "Today they caught me off guard. It was my own damn fault for not being more diligent. But let it serve as a warning. There's so many scams." According to ZachXBT, Apple has seemingly pulled the malicious app from the Mac App Store, but the tech giant has issued no public comment. This isn't the first time counterfeit crypto software has slipped through app store reviews—in 2023, a fake Ledger Live app on Microsoft's store stole nearly **$600,000 in bitcoin** from multiple victims. ## The Risks of Self-Custody G. Love's case highlights the **personal responsibility** required for true bitcoin self-custody. Holders need a solid grasp of operational security and how transactions settle on the Bitcoin network. This combination has long been seen as a barrier to broader mainstream adoption. Physical theft is another risk, with criminals using violence in **wrench attacks** to force transfers. Recent examples include an $11 million daylight robbery and a French tax agent accused of selling personal data on crypto users to organized crime groups. Even sophisticated players aren't immune. North Korean agents allegedly spent six months infiltrating Drift Protocol through social engineering before executing a **$285 million hack**. In another incident, the FBI arrested a man accused of stealing $46 million worth of cryptocurrency from a U.S. government reserve. ## The Shift Toward Centralized Custody Many investors have sidestepped these risks by choosing **bitcoin ETFs** or corporate proxies. Strategy, the bitcoin treasury company formerly known as MicroStrategy, announced the purchase of another $1 billion worth of bitcoin, adding 13,927 bitcoin and bringing its total holdings to 780,897 bitcoin—more than **3.5% of all bitcoin in circulation**. Bitcoin increasingly looks positioned to serve as a **reserve asset** within a new financial architecture rather than a tool for routine individual transactions. Multiple U.S. states have moved forward with strategic bitcoin reserves, and Iran has started demanding bitcoin for toll payments on safe passage through the Strait of Hormuz, signaling its value as a neutral medium for cross-border trade. <iframe src="https://x.com/zachxbt/status/2043236481754611837" width="100%" height="400"></iframe>]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>scam</category> <category>security</category> <category>selfcustody</category> <category>apple</category> <enclosure url="https://gizmodo.com/app/uploads/2026/04/g-love-crypto-theft-1200x675.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Elon Musk's X Money Under Fire: Senator Warren Grills Tech Titan Over Payment Platform Risks]]></title> <link>https://www.bitcointoday.app/article/elon-musks-x-money-under-fire-senator-warren-grills-tech-titan-over-payment-platform-risks</link> <guid>elon-musks-x-money-under-fire-senator-warren-grills-tech-titan-over-payment-platform-risks</guid> <pubDate>Tue, 14 Apr 2026 20:01:09 GMT</pubDate> <description><![CDATA[Elon Musk is facing intense scrutiny over his upcoming payments platform, **X Money**, with Senator Elizabeth Warren raising serious concerns about its potential risks to consumers, national security, and financial stability. ## Regulatory Concerns Mount In a letter to Musk, Senator Warren (D-MA) questions whether X Money can safely handle transactions, citing Musk's "track record operating X" as a major red flag. The platform, set to launch in early public access in April, promises features like funding through Visa Direct, debit card connections for peer-to-peer transactions, and bank account transfers. ## History of Controversy Warren points to X's troubled past, including: - **Regulatory criticism over child sexual abuse material circulation** - **AI chatbot Grok generating harmful content** - **Allowing users subject to US sanctions to pay for Premium subscriptions** "This track record raises serious questions about the privacy, scams and frauds, and illicit finance risks X Money may pose," Warren writes. ## Banking Partner Under Scrutiny Screenshots from early access users reveal that X Money deposits are "held by Cross River Bank" - an institution that faced **FDIC enforcement actions in 2023 and 2018** for "unsafe and unsound practices." Warren calls this partnership particularly concerning given the bank's history of regulatory violations. ## Crypto Connections and Regulatory Gaps The letter highlights how **DOGE's dismantling of the Consumer Financial Protection Bureau** created regulatory gaps that could benefit X Money. Warren notes that the crypto-friendly **GENIUS Act includes suspicious carveouts** allowing private companies like X to launch stablecoins - coinciding with X's hints about entering the crypto market. ## Demanding Answers Warren has given Musk until April 21st to answer more than a dozen questions about X Money, including: - Whether Cross River Bank will serve as its banking partner - Plans to issue a stablecoin - Controls to prevent scams, fraud, and illicit finance - Whether the service will "surveil and monetize consumer transaction data" _The Verge_ reached out to X for comment but received no immediate response.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xmoney</category> <category>elonmusk</category> <category>regulation</category> <category>payments</category> <category>stablecoin</category> <enclosure url="https://platform.theverge.com/wp-content/uploads/sites/2/2025/10/STK022_ELON_MUSK_CVIRGINIA_C.jpg?quality=90&strip=all&crop=0%2C9.9676601489831%2C100%2C80.064679702034&w=1200" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[XRP's 9-Year Ascending Triangle: Is the Historic Breakout Imminent?]]></title> <link>https://www.bitcointoday.app/article/xrps-9-year-ascending-triangle-is-the-historic-breakout-imminent</link> <guid>xrps-9-year-ascending-triangle-is-the-historic-breakout-imminent</guid> <pubDate>Mon, 13 Apr 2026 20:01:09 GMT</pubDate> <description><![CDATA[**XRP** is trading inside a massive **9-year ascending triangle** on the monthly chart, with options volume surging **215.78%** to **$3.76 million**, signaling potential for a major price move. ### The 9-Year Ascending Triangle Since 2017, the pattern has repeated: XRP hits the upper resistance, gets rejected, and retraces to find support at the rising trendline. After the recent August 2025 rejection, analysts like Ali Charts are watching for a retest of the macro support between **$0.75 and $0.80**. This zone is viewed as a key "buy the dip" opportunity before the triangle reaches its apex. Ali Charts noted on X: "When a 9-year consolidation finally breaks, the move is usually historic." ### The Paris Blockchain Week XRP Ledger is set to take center stage at the **Paris Blockchain Week**. On April 15, Markus Infanger, SVP of RippleX at Ripple, will participate in a fireside chat focusing on blockchain's evolution from an asset class to core market infrastructure. The session will explore how organizations are leveraging blockchain to enhance financial processes, with Infanger highlighting real-life deployments of the XRP Ledger. ### The Options Explosion Options volume has exploded by **215.78%** to **$3.76 million**, indicating that traders are positioning for a significant move. The Long/Short ratio on Binance stands at **2.59**, with top traders showing a **2.81x long bias**. Open Interest remains substantial at **$2.42 billion**, with XRP holding levels well above its pre-2025 baseline. ### XRP Price Prediction for April 13 XRP is showing minimal movement today, up just **0.1%**. In addition to the 9-year triangle, a large descending triangle has formed since the July 2025 peak, with price now at the apex—the convergence point of the upper descending trendline and horizontal support around **$1.30**. These compression points often resolve in sharp moves, and given the prolonged buildup, the move could be substantial. Immediate resistance is at the BB midline of **$1.3399**, with the upper band at **$1.3871** as the next target. The RSI at **43.20** is neutral-to-bearish but showing early signs of curling upward. Image: Shutterstock]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xrp</category> <category>cryptocurrency</category> <category>trading</category> <category>blockchain</category> <category>technicalanalysis</category> <enclosure url="https://cdn.benzinga.com/files/images/story/2026/04/13/Heres-What-XRP-Would-Have-Returned.jpeg?width=1200&height=800&fit=crop" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Justin Sun vs. Trump-Linked Crypto Project: Inside the $75M Loan Scandal and Blacklisting Controversy]]></title> <link>https://www.bitcointoday.app/article/justin-sun-vs-trump-linked-crypto-project-inside-the-75m-loan-scandal-and-blacklisting-controversy</link> <guid>justin-sun-vs-trump-linked-crypto-project-inside-the-75m-loan-scandal-and-blacklisting-controversy</guid> <pubDate>Mon, 13 Apr 2026 14:01:25 GMT</pubDate> <description><![CDATA[## Justin Sun Accuses Trump-Affiliated World Liberty Financial of Misconduct Tron founder and prominent crypto investor **Justin Sun** has publicly accused **World Liberty Financial (WLFI)**, a project linked to former President Donald Trump, of serious misconduct and lack of transparency. This comes after Sun was previously at the center of pay-to-play allegations involving the Trump administration's SEC, fueled by his substantial investments in WLFI and the TRUMP memecoin. ### The Core Allegations: Backdoor Controls and Risky Borrowing Sun has focused on two critical issues with the WLFI project: 1. **Backdoor blacklisting function**: The WLFI smart contract reportedly contains a function that allows the team to freeze any holder's tokens without notice or explanation. 2. **$75 million treasury loan**: The project's treasury recently borrowed approximately $75 million by pledging about **5 billion WLFI governance tokens** as collateral on its affiliated DeFi platform, Dolomite. This borrowing arrangement has drawn direct comparisons to how **Alameda Research borrowed against FTX's FTT token** before the exchange's collapse. > "I have always been an ardent supporter of President Trump and his crypto friendly policy. As an early supporter who invested heavily in World Liberty Financial, I did so because I believed in the vision that was presented to the public: a decentralized finance platform that..." > — H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) April 12, 2026 ### Sun Declares Himself the "Largest Victim" Sun has called himself the **"first and single largest victim"** of World Liberty Financial. In September of last year, the project blacklisted roughly **545 million of his WLFI tokens** (worth about $9 million) after he transferred them amid heavy selling pressure. At the time, Sun posted publicly on X, insisting on his innocence and demanding the tokens be released. In response, World Liberty Financial stated: "We do not seek to blacklist anyone. We respond when alerted to malicious or high-risk activity that could harm community members." Sun wrote in his recent statement: "I denounce the ongoing token scandals by the bad actors at WLFI... Every action taken by the WLFI team to extract fees from users, to secretly implant backdoor controls over user assets, to freeze investor funds without disclosure or due process, and to treat the crypto community as a personal ATM — all of these actions are illegitimate and were never authorized by any fair, transparent, or good-faith community governance process." ### World Liberty Financial Fights Back World Liberty Financial has mocked Sun and disputed his claims on X, posting: "Does anyone still believe @justinsuntron? Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn't the first. We have the contracts. We have the evidence. We have the truth. See you in court pal." > "Does anyone still believe @justinsuntron? Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn't the first. We have the contracts. We have the evidence. We have the truth. See..." > — WLFI (@worldlibertyfi) April 12, 2026 ### Background: SEC Settlement and Political Connections Notably, previous SEC charges against Sun and his companies were **settled last month**. The long-running case accused him of wash-trading TRX tokens and conducting unregistered securities offerings. Rainberry, one of Sun's entities, paid a **$10 million fine** with no admission of wrongdoing. Democrats on the House Financial Services Committee previously highlighted the absence of a conviction in a letter to the SEC, tying it to perceptions of **pay-to-play** because Sun had invested at least **$75 million into Trump-linked projects**. Sun has taken a more defiant stance against WLFI since the case was resolved. ### Broader Context: Major Players and Political Ties The controversy extends beyond Sun: - **Binance** holds roughly **$2 billion in World Liberty Financial's USD1 stablecoin**, a position expected to generate tens of millions in annual revenue for the Trump-affiliated project. Trump pardoned former Binance CEO **Changpeng Zhao (CZ)** after his short prison stint for anti-money laundering failures. - A firm tied to **UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan** committed **$500 million to World Liberty Financial** days before Trump's inauguration, taking a 49% stake and sending $187 million to Trump family entities. - By contrast, developers behind the **Samourai Wallet Bitcoin privacy app** remain in prison for comparable money laundering facilitation charges. ### Impact on Crypto Industry and Bitcoin The wave of alleged grifting and potential conflicts of interest around the Trump administration's crypto dealings has possibly **dulled the pro-bitcoin tailwind** many in the industry anticipated. According to reports, Trump-linked ventures pulled in roughly **$1.4 billion in 2025**, much of it from memecoins, stablecoins, and tokenization plays rather than Bitcoin itself. There remains an opportunity for regulatory clarity through the **CLARITY Act**, but policy groups like Coin Center and the Bitcoin Policy Institute have warned that **developer protections must not be removed** before the bill reaches a vote, as it could leave builders exposed to legal risk and potentially push activity offshore.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>justinsun</category> <category>worldlibertyfinancial</category> <category>trump</category> <category>sec</category> <category>defi</category> <enclosure url="https://gizmodo.com/app/uploads/2026/04/justin-sun-1200x675.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Will These 2 Meme Coins Crash 50%? The Shocking Truth Behind Shiba Inu and Dogecoin's Future]]></title> <link>https://www.bitcointoday.app/article/will-these-2-meme-coins-crash-50-the-shocking-truth-behind-shiba-inu-and-dogecoins-future</link> <guid>will-these-2-meme-coins-crash-50-the-shocking-truth-behind-shiba-inu-and-dogecoins-future</guid> <pubDate>Sat, 11 Apr 2026 20:01:08 GMT</pubDate> <description>< ## Shiba Inu's Relevance Continues to Fade Shiba Inu was created in 2020 as an alternative to Dogecoin, built on the **Ethereum** platform to offer faster, lower-cost transactions. In 2021, it delivered an incredible return of **45,278,000%**, driven entirely by speculation. However, the token is now down **93%** from its 2021 peak. For a cryptocurrency to deliver sustainable upside, it needs a consistent source of demand—either from consumers using it for payments or investors viewing it as a store of value. Unfortunately, Shiba Inu struggles in both areas. According to Cryptwerk, only **1,144 businesses worldwide** accept Shiba Inu as payment, making it impractical for widespread adoption due to extreme volatility. In 2023, developers launched **Shibarium**, a Layer-2 blockchain solution to improve efficiency, but it hasn't moved the needle in adoption. Without sustainable demand, further downside is the path of least resistance, predicting a **50% loss** from current levels over the long term. ## Dogecoin Has a Glaring Supply Problem Dogecoin was created in 2013 as a joke to lighten the mood in the cryptocurrency industry. It gained popularity when figures like **Tesla CEO Elon Musk** started discussing it, leading to a market capitalization of over **$90 billion** by 2021. However, like Shiba Inu, its rally was fueled by speculation, and it's now down **87%** from its 2021 peak. A key issue for Dogecoin is its supply. New coins are constantly mined, with **5 billion coins** entering circulation each year. With **153.7 billion coins** currently in circulation, supply will roughly double over the next three decades. This means the value of each coin needs to **halve** to maintain a constant market cap, unless it finds sustainable demand. Dogecoin's main use case remains tied to social media hype, and it has struggled to become a viable payment mechanism or store of value. Without real utility, it faces significant long-term pressure.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>shibainu</category> <category>dogecoin</category> <category>memecoins</category> <category>cryptocurrency</category> <category>marketanalysis</category> <enclosure url="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F864153%2Fa-shiba-inu-dog-looking-at-the-camera-dogecoin-shiba-inu.jpg&w=1200&op=resize" length="0" type="image//image/"/> </item> <item> <title><![CDATA[Bhutan's Bitcoin Exodus: 70% of Sovereign Holdings Sold as Mining Operation Goes Silent]]></title> <link>https://www.bitcointoday.app/article/bhutans-bitcoin-exodus-70-of-sovereign-holdings-sold-as-mining-operation-goes-silent</link> <guid>bhutans-bitcoin-exodus-70-of-sovereign-holdings-sold-as-mining-operation-goes-silent</guid> <pubDate>Sat, 11 Apr 2026 14:01:10 GMT</pubDate> <description>< ### The Selling Accelerates in a Bullish Market The selling has accelerated into a market where virtually every other major holder is doing the opposite. **Strategy bought 4,871 BTC** for $330 million last weekend, bringing its total to 766,970. U.S. spot ETFs absorbed approximately **50,000 BTC in March**. The Ethereum Foundation staked $93 million of ether in a single day rather than sell. Even gold-backed sovereign funds have been adding to positions during the Iran conflict. Bhutan is the **only sovereign-level holder visibly liquidating**. But there is also a question about whether the mining operation itself is still running. Arkham data shows Bhutan's last **bitcoin inflow exceeding $100,000** was recorded over a year ago. A government that once generated bitcoin from power harnessed from its own rivers may now simply be spending down what it accumulated, with no new supply coming in to replace what it sells. Druk Holdings has not responded to several emails and calls from CoinDesk over the past week, the latest of which was sent in the Asian morning hours on Friday. It has not publicly commented on the transfers or the status of its mining operation.  ### The Economics Behind the Shift The economics may explain the shift, however. Bhutan's mining operation was viable when difficulty was lower, and bitcoin traded above **$90,000**. At current levels near $71,000, with network difficulty at **all-time highs** and the post-halving block reward reduced to **3.125 BTC**, the margins on small-scale sovereign mining have compressed significantly. The same hydropower that made Bhutan's operation novel may now generate more **revenue from electricity sold to neighboring India** than from bitcoin mining, as mining hardware depreciates with every difficulty adjustment. Choosing to sell rather than hold or mine is a data point about the gap between bitcoin's narrative appeal to nation-states and the operational reality of maintaining a position through a prolonged drawdown. Bhutan's remaining 3,954 BTC is now smaller than what Strategy purchases in a typical week. The kingdom that once held 13,000 bitcoin mined from its own mountains is watching a single company in Virginia accumulate more in five days than Bhutan has left.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bhutan</category> <category>bitcoin</category> <category>mining</category> <category>sovereign</category> <category>liquidation</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/850c38128aa8b785d3e9dcb693fdf3c390bde105-1920x1440.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bittensor's 'Decentralization Theatre' Exposed: Major AI Developer Exodus Sends TAO Plummeting 15%]]></title> <link>https://www.bitcointoday.app/article/bittensors-decentralization-theatre-exposed-major-ai-developer-exodus-sends-tao-plummeting-15</link> <guid>bittensors-decentralization-theatre-exposed-major-ai-developer-exodus-sends-tao-plummeting-15</guid> <pubDate>Fri, 10 Apr 2026 07:01:10 GMT</pubDate> <description><, Covenant AI Founder Sam Dare declared the company can no longer build on Bittensor because the network's governance contradicts its stated commitment to **decentralization**. "The entire premise of Bittensor, the promise that drew builders, miners, validators, and investors into this ecosystem, is that no single entity controls it," Dare wrote. "That promise is a lie." The Covenant founder explained that the team has been building on the conviction that **AI model training** should not be controlled by a single entity, delivering on that mission by developing **Covenant-72B** into the largest decentralized case of LLM pre-training run in history. These efforts positioned Covenant as one of the most prominent subnets on Bittensor. Despite this success, Covenant has decided to exit the network, citing Bittensor Co-founder **Jacob Steeves** (also known as Const) as the primary reason for departure. ## 'Decentralization Theatre' Dare claimed that Bittensor operates under a "triumvirate structure" with three individuals managing multisig for network upgrades, presenting it as distributed governance to the community. "It is not. It is decentralization theatre," Dare said. "Jacob Steeves maintains effective control over the triumvirate, resists any meaningful transfer of authority, and deploys changes unilaterally whenever he chooses, without process and without consensus." Dare alleged that Steeves has recently taken actions against Covenant that undermine Bittensor's decentralization principles, including: - Suspending emissions to Covenant's subnets - Removing the team's moderation capabilities over its community channels - Unilaterally deprecating its subnet infrastructure - Applying direct economic pressure through large, visible token sales timed to coincide with operational conflicts "They were punitive actions taken by one man who never relinquished control of a network he tells the world he no longer runs," Dare added. The Covenant founder stated that the team's efforts in decentralized AI training will continue outside of Bittensor and will announce new projects in the near term. ## Market Impact and Reactions The [price of Bittensor's TAO token](https://www.theblock.co/price/268328/bittensor-tao-usd) fell sharply following Covenant's announcement, dropping **15%** to a low of $285 from $338 within just two hours. The price has since recovered to $294. The statement sparked a wave of reactions on X, with many users expressing shock at the sudden departure while also criticizing Covenant for leaving without prior communication to its community. "This was a very egotistical and non-classy and dishonorable way of dealing with internal issues by Sam and team," one X user wrote in a reply to the statement. ## Bittensor's Response Steeves indirectly responded to Covenant's announcement without addressing Dare's specific claims. "This will prove to birth the first subnets on Bittensor that run headless and as true commodities," Steeves [wrote on X](https://x.com/const_reborn/status/2042410716271948281?s=20). In a following X [post](https://x.com/const_reborn/status/2042427496751063191), Steeves wrote — "The outcome of this eventful evening is that Bittensor will invent lock-based subnet ownership." The Bittensor co-founder explained this means ownership will be determined by a team's long-term commitment to a project. "This will mean: 1) investors see long in advance if an owner has unlocked their tokens, 2) be able to reprice the subnet before the owner, and 3) liquidly direct their own conviction to another team, or agent, to manage the system," Steeves wrote. Mark Jefferey, partner at Bittensor Fund, also [commented](https://x.com/markjeffrey/status/2042400851017547820) — "Bittensor is quite a LOT more than Subnet 3, and $TAO will carry on fine without it."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bittensor</category> <category>tao</category> <category>decentralization</category> <category>governance</category> <category>ai</category> <enclosure url="https://www.tbstat.com/wp/uploads/2025/07/bittensor-tao-decentralized-ai-1200x675.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[XRP Could Skyrocket to $17: Analyst's Bold Prediction Based on Historic Chart Pattern]]></title> <link>https://www.bitcointoday.app/article/xrp-could-skyrocket-to-17-analysts-bold-prediction-based-on-historic-chart-pattern</link> <guid>xrp-could-skyrocket-to-17-analysts-bold-prediction-based-on-historic-chart-pattern</guid> <pubDate>Fri, 10 Apr 2026 20:01:10 GMT</pubDate> <description>< In 2017, **XRP surged from $0.006 to $3.31** in one of its biggest rallies ever. Following this move, the price consolidated for seven years within a pennant pattern—a technical formation where prices trade within tightening ranges after a significant move, often preceding a continuation in the same direction. In late 2024, **XRP broke out of this pennant** during the post-election crypto rally, jumping from $0.49 to over $3.60 by mid-2025. Marks uses a **measured move** technique, projecting the size of the 2017 rally forward from the 2024 breakout point, which lands at **$16.39**—just under his $17 target. XRP has already moved **647% from the breakout** before pulling back to around $1.35. Marks argues this pullback is part of the pattern, not a sign of failure, noting similar retracements occurred in 2017 before the full measured move completed. ## What Would It Actually Take for XRP to Reach $17?  At $17, XRP's market cap would approach **$1 trillion** based on the current circulating supply of about 61 billion tokens—a level no altcoin has ever reached. For comparison, **Ethereum** peaked near $600 billion, and **Bitcoin's** current market cap is around $1.4 trillion. Achieving this would likely require the total crypto market to exceed **$8 trillion**, more than triple its current size. Several factors must align for XRP to reach such a valuation: - Banks on **Ripple's network** would need to start settling in XRP instead of RLUSD and fiat, which depends on the **CLARITY Act** passing to provide legal clarity. - **XRP ETF inflows** must surpass the $1.2 billion attracted so far, requiring sustained institutional investment in the tens of billions over multiple years. - Real-world adoption must scale massively, as seen in demos at the **XRP Tokyo 2026 conference**, where transactions settled in under four seconds using **XRP as a bridge asset**. Marks emphasizes this prediction is for the full market cycle, not an overnight event, with measured moves potentially taking months or years to complete. ## Can XRP Realistically Hit $17 This Cycle? While the **pennant breakout** is a valid technical setup and Marks has a track record of accuracy, reaching $17 demands more than chart patterns. It requires **banks and institutions to adopt XRP at scale** for cross-border payments, a process that has begun but is far from the level needed for a trillion-dollar valuation. For XRP holders, the immediate focus should be on whether the price can **reclaim $2 and challenge $3.65** before considering double-digit targets. The $17 prediction represents a long-term cycle play, highlighting the importance of patience and monitoring adoption trends.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xrp</category> <category>technicalanalysis</category> <category>priceprediction</category> <category>cryptocurrency</category> <category>altcoins</category> <enclosure url="https://247wallst.com/wp-content/uploads/2026/04/shutterstock-2700835149-huge-licensed-scaled.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Quantum-Safe Bitcoin Now Available Without Protocol Changes - But at a $200 Price Tag Per Transaction]]></title> <link>https://www.bitcointoday.app/article/quantum-safe-bitcoin-now-available-without-protocol-changes-but-at-a-200-price-tag-per-transaction</link> <guid>quantum-safe-bitcoin-now-available-without-protocol-changes-but-at-a-200-price-tag-per-transaction</guid> <pubDate>Fri, 10 Apr 2026 14:01:09 GMT</pubDate> <description><, StarkWare researcher Avihu Levy introduced **Quantum Safe Bitcoin (QSB)**, a scheme designed to enable quantum-resistant transactions by replacing signature-based security with **hash-based proofs**. This approach survives the type of quantum attack that could compromise today's cryptography but shifts the burden from consensus to computation, requiring heavy off-chain GPU work for every transaction. ### How QSB Works Traditional digital signatures in Bitcoin, known as **ECDSA signatures**, are secure against current computers but vulnerable to future quantum computers that could derive secret keys from public keys. QSB addresses this flaw by redesigning the system around **hash-based cryptography**, which creates a unique mathematical digest of data that is extremely difficult to forge or reverse, even for powerful quantum computers. **Key advantage**: QSB operates entirely within Bitcoin's existing consensus rules for legacy transactions. It requires **no soft fork**, no miner signaling, and no activation timeline. This contrasts sharply with **BIP-360**, the quantum-resistance proposal merged into Bitcoin's improvement repository in February, which faces years of governance delays and has no Bitcoin Core implementation yet. ### The Cost Factor While the hash-based solution provides quantum resistance, it comes with **extremely expensive transactions**. Generating a valid QSB transaction requires searching through billions of possible candidates, a process Levy estimates would cost between **$75 and $200** using commodity cloud GPUs. For comparison, the current average cost to send a Bitcoin transaction is around **33 cents**. ### Practical Limitations QSB transactions also face practical hurdles: - They don't move through Bitcoin's normal blockchain like typical payments; users must send them directly to miners willing to process them. - They are incompatible with faster, cheaper layers like the **Lightning Network**. - Creating a transaction requires outsourcing heavy computation to external hardware, making it far more complex than standard wallet operations. ### Emergency Measure vs. Long-Term Solution Levy describes QSB as a **"last resort measure"**—not a replacement for protocol-level upgrades. Proposals like BIP-360, which aim to introduce quantum-resistant signature schemes through a soft fork, remain the more scalable long-term solution but could take years to activate. Bitcoin's governance history shows such upgrades can be slow; Taproot took roughly **seven and a half years** from concept to deployment. QSB offers a way to survive a quantum break using today's rules—if users are willing to pay the price. As quantum computers capable of breaking current encryption aren't imminent, this scheme provides an **emergency fallback** while the community works on more permanent solutions.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>quantum</category> <category>bitcoin</category> <category>security</category> <category>cryptography</category> <category>research</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/ecfe1c9a91435e545a466715bbc0457d2e3a48f4-5105x3403.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> </channel> </rss>