TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past. Bittensor’s TAO token may drop by up to 45% in the coming weeks as Covenant AI, one of its top subnet operators, publicly announced its full exit from the ecosystem. Key takeaways: Covenant AI accused Bittensor of being centralized, leading to a 30% drop in TAO prices. Read more
Bitcoin saw a fresh attempt to hit new local highs on the back of lower-than-expected US CPI data, despite a giant gas-price increase. Bitcoin (BTC) tagged $73,000 following Friday’s Wall Street open as crucial US inflation numbers came in below expectations. Key points: Bitcoin edges higher as US CPI data remains slightly below market expectations. Read more
Reuters reported that White House staff were warned against using confidential information after suspicious Iran-linked oil futures bets and fresh scrutiny of prediction markets. The White House warned staff against improperly using confidential information to place bets in futures markets after suspicious oil trades ahead of President Donald Trump’s March 23 Iran announcement drew scrutiny, according to Reuters. Reuters reported on Thursday that the White House sent the internal email on March 24, a day after Trump ordered a five-day delay in attacks on Iran’s energy infrastructure. The warning followed a roughly $500 million bet on Brent and West Texas Intermediate crude futures placed in a one-minute burst shortly before Trump’s March 23 announcement, according to Reuters calculations based on exchange data. Oil prices fell about 15% after the policy shift. Read more
A Bank of France official called for tighter MiCA rules on non-euro stablecoins as lawmakers advance reporting requirements for self-custodial crypto wallets above 5,000 euros. French officials are pushing for tighter oversight of crypto from two directions, as a Bank of France official called for stricter limits on non-euro stablecoins under the European Union’s Markets in Crypto-Assets Regulation (MiCA), and lawmakers in Paris advanced a separate reporting requirement for some self-custody holdings. Denis Beau, First Deputy Governor of the Bank of France, delivered a speech at the EUROFI High Level Seminar in March, calling on the EU to restrict the use of stablecoins for payments, particularly those pegged to non-euro currencies. Published on the Bank for International Settlements (BIS) website on Thursday, he said the Bank of France has been “pressing for a strengthening” of MiCA in this regard. Read more
New BTC price analysis predicted that the bear market would bottom out later in the year, before beginning a "two-year accumulation phase." Bitcoin (BTC) should find a floor near $55,000 in the second half of 2026, a new prediction says. Key points: Bitcoin’s MVRV Z-score metric still needs to match old bear-market bottoms to signal trend change, says CryptoQuant. Read more