hodler

16 Apr 2026, 13:13

Bittensor Price Drops Below $240 as Investor Confidence Drops

Bittensor’s TAO has dropped by almost 4% today, April 16, 2026. Covenant AI’s exit triggered the downfall. The price of the token has come down to $240 from a level of $350 in the past month. Bittensor’s native token TAO is currently experiencing a downfall of almost 4% and the price of the token is hovering around the $240 mark. The price dropped down from $350 to $240 amid governance concerns, panic selling, and weakening market confidence. The token is underperforming when compared to the broader crypto market which is experiencing an uptick of 1.2% as per CoinMarketCap . The selloff has also been amplified by lower liquidity and a broader rotation away from the AI narrative, even as the wider crypto market has held firmer. At press time, the price of the token stands at $239.02 with a drop of 3.74% in the last 24-hours as per CoinMarketCap. TAO 24-hour chart What Triggered The Drop The main catalyst in recent times was Covenant AI’s exit from the TAO ecosystem. This exit raised questions about governance and control inside Bittensor. Reports tied the move to a 37,000 TAO sale by Covenant’s founder, a move that triggered panic selling, liquidations, and a broader loss of confidence among the holders. That combination turned a single event into a stronger chain reaction throughout the market. Why Selling Accelerated? The second layer that was added was a weakness that came from the market structure. TAO’s trading volume dropped suddenly, which made the token more vulnerable to outsized price moves when sell orders hit a thin order book. According to the above screenshot, the trading volume decreased by 34.82% in the last 24-hours. In that kind of setup, even modest selling can give rise to a greater decline than normal because there is less buying pressure to absorb it. Governance Debate Intensifies At the same time, the crisis has accelerated discussion about how Bittensor should handle subnet ownership and long-term alignment. A draft proposal known as BIT-0011 would introduce “locked stake” and “conviction,” allowing subnet ownership to shift toward participants who commit capital for longer periods. Supporters, on the other hand, are arguing that this move could reduce the risk of founders of insiders destabilizing a subnet by selling suddenly. While critics note that this is still only a draft, and this may change before implementation. Market Structure And Outlook Technically, TAO now looks fragile as the price is hovering below the $250 area, with near-term downside risk toward the $230-$235 zone if selling continues. A recovery would likely require a convincing reclaim of the $260 level alongside stronger volume. This would suggest that the buyers are finally stepping in with more confidence. Till this happens, the market appears to be treating Bittensor’s TAO as a high-beta asset that is reacting more to ecosystem trust than to the broader crypto backdrop. Investor Sentiment Even though there is a drop, crypto influencers such as Michaël van de Poppe see the event as a stress test rather than a collapse. The influencer also said in an X post that he still holds a large TAO position and framed the move as a major ecosystem test that could eventually lead to stronger governance and renewed momentum. That view is now split across three broad paths, where a sharp rebound if sentiment stabilizes, a consolidation phase if confidence rebuilds slowly, or deeper downsides if more subnets or holders exit. What Happens Next As of now, the key question is whether Bittensor can turn this crisis into a governance reset or whether the current weakness becomes a longer de-rating event. If the network can calm the market, regain trust, and advance proposals like BIT-011, the correction may prove temporary. If not, TAO could remain trapped in a bearish range until buyers regain conviction and volume returns. Also Read: Bittensor Price Forecast: Is $570 the Next Big Target for TAO?

16 Apr 2026, 13:05

Deal Confirmed: XRP Is Set to Expand Its Utility to Solana. Here’s the Latest

XRP is stepping into a broader role within the evolving digital asset economy, as interoperability becomes the defining theme of modern blockchain infrastructure. With capital increasingly flowing toward decentralized finance ecosystems, assets that can move seamlessly across chains are gaining a clear advantage. This latest development positions XRP at the center of that shift, opening the door to new forms of utility beyond its traditional payments narrative. Crypto commentator SMQKE has drawn attention to this milestone, highlighting XRP’s confirmed pathway into the ecosystem of Solana. The integration builds on a December 2025 rollout that introduced wrapped XRP (wXRP), developed through a collaboration between Hex Trust and LayerZero. This infrastructure enables XRP to operate within Solana’s high-speed DeFi environment while maintaining a 1:1 backing with the native asset. Unlocking DeFi Utility Through Wrapped XRP The launch of wXRP marks a significant expansion in XRP’s functional scope. By wrapping native XRP into a Solana-compatible token , holders can now deploy their assets across decentralized applications without selling their underlying positions. This structure preserves exposure to XRP while unlocking access to lending protocols, liquidity pools, and yield-generating strategies. Yes, XRP is set to expand its utility across Solana-based DeFi protocols by integrating with Solana. “This directly increases XRP's utility, potentially driving organic demand as users wrap more native XRP to access higher yields and trading opportunities.” Documented. https://t.co/kahEE0J7vO pic.twitter.com/9gQIcsAkYF — SMQKE (@SMQKEDQG) April 15, 2026 This shift transforms XRP from a primarily transactional asset into one that actively participates in decentralized financial markets. It also aligns XRP with a broader industry move toward composability, where assets integrate seamlessly across protocols to maximize efficiency and returns. Why Solana Strengthens XRP’s Position Solana’s infrastructure provides a critical advantage in this integration. The network offers high throughput and low transaction costs, making it one of the most attractive environments for DeFi activity. By entering this ecosystem, XRP gains access to a deep and active liquidity landscape that supports a wide range of financial use cases. Recent social signals from Solana referencing XRP have further fueled market interest, reinforcing the narrative that cross-chain collaboration is accelerating. While understated, these signals often reflect deeper technical alignment and ongoing ecosystem development. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Demand Dynamics and Institutional Appeal The introduction of wXRP introduces a new source of organic demand. As users wrap XRP to access DeFi opportunities, the asset’s utility increases, potentially influencing long-term supply dynamics. This demand differs from speculative trading, as it stems from functional use within financial protocols. The involvement of regulated custody through Hex Trust adds another layer of credibility. Secure and compliant asset management reduces operational risk and may encourage institutional participants to explore cross-chain strategies involving XRP. A Defining Step Toward Interoperability XRP’s expansion into Solana represents a strategic move toward a multi-chain future. As blockchain ecosystems continue to converge, assets that can operate across networks will define the next phase of growth. For XRP, this integration signals more than a technical upgrade. It reflects a broader evolution into a versatile, cross-chain asset capable of competing in the rapidly expanding world of decentralized finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Deal Confirmed: XRP Is Set to Expand Its Utility to Solana. Here’s the Latest appeared first on Times Tabloid .

16 Apr 2026, 13:02

Bitcoin Pushes 200-Day Return to $87,000 Amid Quantum Fears; XRP Price's Rare Double Bottom Opportunity Appears; Binance Lists Microsoft and Alibaba to TradFi R...

Bitcoin targets $87,000 despite quantum fears, XRP prepares a rise to $1.90 if the double bottom is validated and Binance lists Microsoft and Alibaba amid 188% surge in TradFi trading on the exchange.

16 Apr 2026, 13:00

Celestia: THIS ONE factor could derail TIA’s rally toward $0.50

TIA surged on rising volume, but exchange inflows now signal potential selling pressure ahead.

16 Apr 2026, 12:59

Luigi Mangione-inspired copycat puts tech leaders Elon Musk, Jensen Huang on alert

OpenAI CEO Sam Altman was not the only tech leader on the radar of the man now accused of trying to kill him. Before his arrest, Daniel Moreno-Gama, a 20-year-old college student from Texas, had already floated the idea of going after other major names in the industry, with Elon Musk, Peter Thiel, Alex Karp, and Jensen Huang making the list. In an online chat months before the alleged attack, Daniel allegedly suggested “Luigi’ing some tech CEOs,” using a reference to Luigi Mangione , the man accused in the killing of the UnitedHealthcare CEO, according to The Wall Street Journal. Prosecutors say Daniel traveled from the Houston area to San Francisco, threw a Molotov cocktail at Sam’s mansion, then went to the entrance of OpenAI’s headquarters and tried to set the place on fire. Authorities say he meant to burn the building down. The man now faces both federal and state charges, including attempted murder and arson. He has not entered a plea. Diamond Ward, his public defender in the state case, said prosecutors went too far and called the case a “property crime, at best.” Podcast interview captured Daniel Moreno-Gama turning from ChatGPT fan into anti-AI crusader The online chat that raised fresh questions came out of contact with producers of “The Last Invention” podcast, who wanted Daniel for a series on AI. In January, Daniel had sat for an interview and described how he went from being an internet kid who liked new tech to someone consumed by the threat he believed AI is to humanity. That interview, released in edited form Wednesday by media startup Longview, also showed how Daniel’s views on OpenAI had changed over time. He said that during high school, he thought ChatGPT was “awesome” because he could “cheat on everything.” Later, his tone hardened. Online, Daniel used the handle Butlerian Jihadist, a name pulled from Dune, the science fiction story about a war between humans and thinking machines. For the podcast, he used the name Discord Dan. After the alleged attack, the podcast team dropped the shield of anonymity. Andy Mills, Longview’s editor in chief, said the team had first agreed not to name Daniel. That changed after the San Francisco case. Andy said “his own actions and online statements have since established a clear link between his pseudonym and his real identity.” The Journal claims it independently confirmed Daniel’s identity. Investigators say they also found a manifesto tied to Daniel in the OpenAI case. The document warned that AI would destroy humanity. It also contained a message aimed directly at Sam. It read, “If by some miracle you live, then I would take this as a sign from the divine to redeem yourself…” Sam Altman’s own words on AI danger drew new scrutiny after the alleged attack As the case unfolded, more attention fell on Sam’s long record of talking about AI risk. When he helped launch OpenAI in 2015, Sam Altman told CNN he wanted to help guide the technology instead of standing back and fearing what it could become. He said, “I sleep better knowing I can have some influence now.” That line has resurfaced as the company and its chief executive face growing pressure over how powerful these systems have become. Sam had also spoken before about preparing for disaster. In a 2016 profile in The New Yorker, he said, “I prep for survival,” and included “AI that attacks us” on his list of possible threats. He added, “I have guns, gold, potassium iodide, antibiotics, batteries, water, gas masks from the Israeli Defense Force, and a big patch of land in Big Sur I can fly to.” And just last week, Sam said he is on a waitlist for a procedure meant to digitize his brain. The procedure would kill him. He sees that as a fair price for digital immortality. There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance .

16 Apr 2026, 12:56

Spot XRP ETFs record highest daily inflow since start of February

The spot XRP exchange-traded funds (ETFs) recorded their largest single-day inflow in nearly 11 weeks on April 15, 2026, a sign of renewed institutional demand for the token. The spot XRP ETFs recorded a net cash inflow of $17.11 million on Wednesday, according to data from SoSoValue reviewed by Finbold on April 16. As a result, this basket of securities registered the highest cash inflows since February 3, 2026, potentially signaling a fresh wave of inflows. Spot XRP ETFs’ daily inflows. Source: SoSoValue Notably, these funds have posted four consecutive days of cash inflows. Over the past three days, these spot-based funds attracted $29.77 million, thus increasing the total net assets to $1.02 billion at press time. The single largest cash inflow was $6.23 million reported by the Bitwise XRP ETF (XRP), which currently holds $293.62 million. Investors bought XRP worth $5.3 million through Franklin XRP ETF (XRPZ), thereby pushing its net assets to $239.14 million at the time of publication. Meanwhile, the 21Shares XRP ETF ( TOXR ) ended its more than two-month dry spell with inflows of $5.43 million on Wednesday, boosting its net assets to $150.81 million at the time of reporting. What’s the market impact of renewed demand for spot XRP ETFs? The renewed demand for this token through U.S. ETFs helped bolster its bullish sentiment. Over the past seven days, XRP price gained 5.78%, currently trading at about $1.41, based on updates from Finbold . XRP/USD 7-day performance. Source: Finbold The price of this token could continue in a bullish outlook in the near term if investors sustain the spot buying momentum. Furthermore, the XRP Ledger has experienced a boom in on-chain activity year-to-date (YTD) as Finbold recently reported . The post Spot XRP ETFs record highest daily inflow since start of February appeared first on Finbold .