News linked to both this project and an event.
According to on-chain analytics platform Lookonchain (@lookonchain), the largest $ASTER bull whale on-chain, “0x1527”, has recently begun accumulating $CHIP. Its current holdings include: 24.93 million $ASTER (approx. $16.72 million), 36.18 million $CHIP (approx. $3.43 million), 81.55 million $MON (approx. $2.52 million), and 9,026 $TAO (approx. $2.22 million), with a total portfolio value exceeding $28 million.
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.
Sam Dare, founder of Covenant AI, announced that Covenant AI has officially exited the Bittensor network. Previously, Covenant AI completed the largest decentralized LLM pretraining project in history—Covenant-72B (a 72-billion-parameter model developed by over 70 independent contributors)—which drew attention from NVIDIA’s CEO and was cited by an Anthropic co-founder. In its statement, Covenant AI accused the Bittensor network of long concentrating actual control in the hands of co-founder Jacob Steeves (“Const”), rendering the so-called “three-signature multisig governance” merely a theatrical performance of decentralization, with real power never truly distributed. Recently, Jacob Steeves unilaterally imposed punitive measures against Covenant AI, including: suspending its subnet earnings, revoking its community channel moderation privileges, unilaterally deprecating its subnet infrastructure, and exerting economic pressure via large-scale token dumping during the ongoing conflict between the two parties. Covenant AI stated it cannot continue fundraising, recruiting talent, or soliciting community resources on a network where the promise of “decentralization” can be unilaterally revoked by a single individual. Its research outcomes, team, and models will depart alongside the team, and a new project—including related progress—will be publicly announced shortly.