News section

Yuma has opposed Bittensor’s proposed Root Reborn upgrade, warning that it could introduce conflicts of interest, regulatory concerns, and new risks for stakers.The proposal would allow validators to allocate root staking rewards across subnet tokens instead of automatically converting rewards into TAO.Yuma said subnets backed by validator allocations could benefit from additional demand, but called for more testing, risk analysis, and a formal upgrade roadmap before deployment.

Anthropic’s model shutdown pushed traders toward TAO, reviving debate over centralized AI access and control.Bittensor price sits near $262.08 after weekly gains, while analysts watch the $300 breakout zone.Grayscale says decentralized AI demand may rise as governments and labs control frontier model access.

The U.S. move to pull Anthropic's top models offline shows the dangers of leaning on a few AI providers, Carney said.

Covenant AI announced its departure from Bittensor, citing “punitive actions” from the network’s co-founder, Jacob Steeves.Covenant claimed that Steeves maintains authority over the network, alleging that the decentralization promise of Bittensor is “a lie.”

Bittensor (TAO) is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline twice near the $355 to $371 zone within two weeks.The daily MACD has confirmed a bearish crossover, with the MACD line at 19.6 crossing below the signal at 22.0 and the histogram printing at -2.4.Immediate support sits at $297.5, and a confirmed break below that level opens a path to the daily Supertrend at $263.7, while a daily close above $371 invalidates the bearish setup.

The price of TAO nearly doubled in March, as the market is catching up to a realization of what the Bittensor network can do.The following is excerpted from The Block’s Data and Insights newsletter.