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20 Mar 2026, 09:25
Ripple-Backed Evernorth Builds $685M XRP Position as Public Listing Plans Progress

XRP-focused treasury firm Evernorth Holdings is preparing for a Nasdaq debut, backed by at least 473 million XRP worth approximately $685M.
20 Mar 2026, 09:25
ECB Inflation Forecast: Critical Warning from Madis Müller on Higher Price Pressures

BitcoinWorld ECB Inflation Forecast: Critical Warning from Madis Müller on Higher Price Pressures FRANKFURT, Germany – December 2025: European Central Bank Governing Council member Madis Müller delivered a significant warning today, stating that Eurozone inflation will likely remain higher than previously anticipated. This critical ECB inflation forecast comes amid persistent price pressures across the 20-nation currency bloc, challenging the central bank’s path toward its 2% medium-term target. ECB Inflation Forecast Signals Persistent Challenges Madis Müller, who serves as Governor of the Bank of Estonia, made his remarks during a financial stability conference in Frankfurt. Consequently, his comments carry substantial weight within European monetary policy circles. The ECB has maintained interest rates at elevated levels throughout 2024 and early 2025. However, recent economic data suggests inflation pressures remain stubbornly embedded in several key sectors. Müller specifically highlighted several concerning trends: Services inflation continues to demonstrate remarkable persistence Wage growth remains elevated across multiple Eurozone economies Energy price volatility presents ongoing upside risks Supply chain adjustments continue to impact production costs Furthermore, the ECB’s latest staff projections, published in December 2025, already indicated an upward revision to inflation expectations. Müller’s statement suggests these projections might still underestimate actual price pressures. The central bank now forecasts headline inflation to average 2.3% in 2025, revised from September’s 2.1% estimate. Eurozone Price Pressures: A Multi-Faceted Challenge Multiple factors contribute to the current inflationary environment. Services sector inflation, particularly problematic, reflects strong domestic demand and tight labor markets. Additionally, geopolitical tensions continue to influence energy and commodity prices. Meanwhile, structural changes in global trade patterns add another layer of complexity. The following table illustrates key inflation components and their recent trends: Component Current Rate Trend Primary Drivers Services 4.1% Persistent Wage growth, demand Energy 2.8% Volatile Geopolitics, transition Food 3.2% Moderating Supply chains, weather Core Inflation 2.9% Sticky Services, wages Moreover, labor market conditions remain exceptionally tight. Unemployment across the Eurozone stands at historically low levels. Consequently, wage negotiations continue to produce settlements above productivity growth. This dynamic creates a potential wage-price spiral that concerns policymakers. Monetary Policy Implications for 2025 Müller’s comments carry significant implications for ECB monetary policy. The central bank faces a delicate balancing act between controlling inflation and supporting economic growth. Financial markets now anticipate a more cautious approach to interest rate reductions. Previously, investors expected multiple rate cuts throughout 2025. However, recent communications suggest a more measured timeline. The ECB’s primary mandate remains price stability. Therefore, persistent inflation above target necessitates maintaining restrictive policy settings. Müller emphasized that premature policy easing could undermine progress achieved thus far. Simultaneously, policymakers must consider the impact on economic activity and financial stability. Several key considerations guide current decision-making: Inflation expectations must remain firmly anchored Transmission of monetary policy takes considerable time Economic growth projections show modest improvement Financial conditions have tightened substantially Economic Impacts Across the Eurozone Persistent inflation affects different Eurozone economies unevenly. Southern European nations generally experience higher inflation rates than northern counterparts. This divergence complicates the ECB’s single monetary policy. Furthermore, household purchasing power continues to face pressure despite nominal wage increases. Business investment decisions also reflect ongoing uncertainty. Higher financing costs and input prices influence corporate planning. Meanwhile, government budgets face additional strain from debt servicing costs and social spending pressures. The European Commission’s latest economic forecast acknowledges these challenges while projecting gradual improvement. Consumer confidence indicators show tentative signs of recovery. However, inflation concerns remain prominent in household surveys. The ECB’s consumer expectations survey reveals continued anxiety about future price developments. This psychological dimension of inflation proves particularly difficult to manage. Historical Context and Forward Outlook The current inflationary episode represents the most significant challenge since the euro’s introduction. Previous periods of elevated inflation, such as 2008 and 2011, differed fundamentally in their drivers. Today’s combination of supply shocks, demand pressures, and structural transitions creates unique complications. Looking forward, several scenarios could unfold. A gradual disinflation remains the ECB’s baseline projection. However, Müller’s warning highlights meaningful upside risks. Geopolitical developments, particularly, could trigger additional commodity price spikes. Climate-related disruptions to agriculture and energy systems present another uncertainty. The transition to green energy introduces both inflationary and disinflationary forces. Investment requirements push prices higher in the short term. Meanwhile, technological improvements may reduce costs over longer horizons. Policymakers must navigate these complex cross-currents while maintaining credibility. Conclusion Madis Müller’s warning about potentially higher inflation underscores the ongoing challenges facing the European Central Bank. The ECB inflation forecast for 2025 reflects persistent price pressures across multiple sectors. Consequently, monetary policy will likely remain restrictive for an extended period. Policymakers must balance inflation control with economic support as the Eurozone navigates this complex environment. The coming months will prove crucial for determining whether current projections require further adjustment. FAQs Q1: What specifically did Madis Müller say about inflation? Madis Müller stated that Eurozone inflation will probably be a bit higher than previously anticipated, highlighting persistent pressures in services and wage growth. Q2: How does this affect ECB interest rate decisions? Müller’s comments suggest the ECB will maintain a cautious approach to rate cuts, potentially delaying or reducing the scale of monetary policy easing in 2025. Q3: Which inflation components are most concerning? Services inflation remains particularly stubborn at 4.1%, driven by strong wage growth and domestic demand across the Eurozone. Q4: How do different Eurozone countries experience inflation? Inflation rates vary significantly, with southern European nations generally experiencing higher price pressures than their northern counterparts, complicating ECB policy. Q5: What are the main risks to the inflation outlook? Key risks include geopolitical tensions affecting energy prices, stronger-than-expected wage growth, and potential supply chain disruptions from climate or trade developments. This post ECB Inflation Forecast: Critical Warning from Madis Müller on Higher Price Pressures first appeared on BitcoinWorld .
20 Mar 2026, 09:15
Forex Markets Stabilize as Traders Cautiously Assess Central Bank Policy Outlooks

BitcoinWorld Forex Markets Stabilize as Traders Cautiously Assess Central Bank Policy Outlooks Global forex markets entered a phase of relative stability this week, with major currency pairs consolidating as financial participants digest a complex mosaic of central bank communications and economic data. The EUR/USD, GBP/USD, and USD/JPY pairs, which often serve as barometers for broader market sentiment, showed reduced volatility compared to previous sessions. Consequently, traders are parsing statements from the Federal Reserve, European Central Bank, and Bank of England for clues on future interest rate trajectories. This period of assessment follows several weeks of heightened movement driven by inflation surprises and shifting growth forecasts. Market analysts now focus on the delicate balance between combating inflation and supporting economic growth. Forex Market Stability Amid Policy Uncertainty Major currency pairs demonstrated notable steadiness during the latest trading sessions. The euro held within a tight range against the US dollar, while the British pound showed resilience despite mixed domestic economic reports. Meanwhile, the US dollar index (DXY), which tracks the greenback against a basket of six major currencies, also traded sideways. This consolidation pattern suggests that market participants are awaiting clearer signals before committing to significant directional bets. Typically, such periods follow major economic announcements or central bank meetings. Furthermore, trading volumes have normalized after the initial reaction to recent policy statements subsided. Several technical factors contribute to the current market calm. For instance, key support and resistance levels are holding across multiple timeframes. Additionally, implied volatility measures, such as those derived from forex options, have retreated from recent highs. This environment allows institutional and retail traders alike to reassess their strategies. Historical data indicates that prolonged consolidation often precedes substantial breakouts. Therefore, market observers monitor order flow and positioning data for early indications of the next major move. Central Bank Policy Outlooks Under Scrutiny Central bank communications remain the primary driver of forex market sentiment. The Federal Reserve’s latest meeting minutes revealed ongoing debate about the appropriate pace of future policy adjustments. Officials emphasized a data-dependent approach, linking decisions to incoming inflation and employment figures. Similarly, the European Central Bank maintains a cautious stance, highlighting persistent core inflation pressures within the Eurozone. The Bank of England faces a particularly challenging environment, balancing sticky inflation against signs of economic weakness. These nuanced positions create a complex backdrop for currency valuation. Interest rate differentials, a fundamental driver of currency flows, are in a state of flux. The table below outlines current market-implied expectations for key central bank policy rates over the next six months: Central Bank Current Policy Rate Market-Implied Change (6 Months) Federal Reserve (US) 5.25% – 5.50% 25-50 bps decrease European Central Bank 4.50% 25-75 bps decrease Bank of England 5.25% 0-25 bps decrease Bank of Japan -0.10% 10-20 bps increase These expectations are fluid and adjust rapidly with new economic releases. For example, stronger-than-expected US jobs data could delay anticipated Fed rate cuts, potentially boosting the US dollar. Conversely, weaker Eurozone growth figures might accelerate ECB easing expectations, weighing on the euro. Expert Analysis on Currency Pair Dynamics Market strategists point to several key factors influencing specific currency pairs. The EUR/USD pair, often called the “fiber,” is caught between divergent regional economic cycles. US economic resilience contrasts with a more fragile European outlook, creating a push-pull effect on the exchange rate. Analysts note that the pair’s correlation with global risk appetite has weakened recently. Instead, direct interest rate differentials and relative economic strength indicators have gained prominence. The GBP/USD pair, or “cable,” faces its own unique set of drivers. Domestic political developments and Bank of England credibility are significant factors. Recent comments from MPC members have highlighted concerns over service-sector inflation persistence. Consequently, traders are closely monitoring UK wage growth and services PMI data. A hawkish shift from the BoE could provide unexpected support for sterling, even against a generally strong dollar. For the USD/JPY pair, the primary dynamic remains the wide interest rate gap between the US and Japan. The Bank of Japan’s ultra-accommodative policy stance continues to pressure the yen. However, markets are increasingly sensitive to any signs of policy normalization from the BOJ. Interventions by Japanese authorities to support the yen also remain a potential market-moving event. Traders are therefore monitoring Tokyo’s rhetoric and official foreign exchange reserve data. Global Economic Context and Forex Implications The broader global economic environment provides essential context for currency movements. Growth forecasts from major institutions like the IMF and OECD influence capital flows and risk sentiment. Currently, a narrative of “divergent recoveries” dominates, with the US economy outperforming many peers. This divergence supports the US dollar through both interest rate and growth channels. However, concerns about US fiscal sustainability and debt levels present a longer-term counterweight. Geopolitical developments also play a crucial role in forex market stability. Tensions in key regions can trigger safe-haven flows into currencies like the US dollar, Swiss franc, and Japanese yen. Recent de-escalation in certain conflict zones has contributed to the current calm. Nevertheless, traders remain vigilant to headlines that could quickly reintroduce volatility. The interplay between geopolitics and central bank policy creates a multi-dimensional puzzle for market participants. Key economic indicators to watch in the coming weeks include: US CPI and PCE inflation data: Core readings will directly impact Fed policy expectations. Eurozone GDP and inflation: Will determine the timing and scale of ECB rate cuts. UK labor market reports: Wage growth remains a critical concern for the Bank of England. Global PMI surveys: Provide real-time insight into economic activity trends. These data releases have the potential to break the current period of stability. Market positioning suggests that many traders are awaiting these catalysts before establishing significant directional exposure. Conclusion Forex markets are experiencing a period of stabilization as participants carefully assess the outlook for central bank policies worldwide. The relative calm in major currency pairs reflects a market in digestion mode, processing recent communications from the Federal Reserve, European Central Bank, and other major institutions. While technical factors show consolidation, the fundamental backdrop remains dynamic, with interest rate differentials and economic growth disparities continuing to drive longer-term trends. Traders should maintain focus on incoming economic data and central bank guidance, as these factors will likely determine the next sustained move in forex markets. The current stability offers an opportunity for strategic positioning ahead of potential volatility triggered by upcoming economic releases and policy meetings. FAQs Q1: What does “forex markets stabilizing” mean in practical terms? In practical terms, it means major currency pairs like EUR/USD and GBP/USD are trading within narrower price ranges with lower daily volatility. Bid-ask spreads may tighten, and large, trend-following moves become less frequent as traders await new fundamental catalysts. Q2: Why are central bank policies so important for forex trading? Central bank policies directly influence interest rates, which are a primary driver of currency values through capital flows. Higher interest rates in a country typically attract foreign investment, increasing demand for that currency. Policy statements also shape market expectations about future economic conditions. Q3: Which economic indicators have the biggest impact on forex markets right now? Inflation data (CPI, PCE) and labor market reports (non-farm payrolls, wage growth) currently have the most significant impact, as they directly inform central bank decisions on interest rates. Purchasing Managers’ Index (PMI) surveys are also crucial for gauging real-time economic health. Q4: How does the US dollar’s performance affect other currency pairs? The US dollar is the world’s primary reserve currency and is involved in approximately 88% of all forex transactions. Its strength or weakness creates a ripple effect across all major and minor pairs. A strong dollar typically pressures commodity-linked currencies and emerging market currencies, while often correlating with weakness in EUR/USD and GBP/USD. Q5: What should traders watch for to anticipate a break in the current market stability? Traders should monitor for significant deviations from economic forecasts in key data releases, unexpected comments from central bank officials, shifts in market-implied interest rate probabilities (derived from futures), and breaks above or below key technical support and resistance levels with increasing volume. This post Forex Markets Stabilize as Traders Cautiously Assess Central Bank Policy Outlooks first appeared on BitcoinWorld .
20 Mar 2026, 09:14
Elon Musk’s Grok Show What XRP Price Will Be By End of This Bull Run

Crypto analyst XRP Captain posted a message referencing one of the most persistent price targets associated with XRP. In the post, the analyst tagged Grok and wrote, “Hey @grok edit this image to show us what XRP price will be by end of this bull run.” The request included an image displaying XRP priced at $1.464, ranked fourth by market capitalization. Shortly after, a response image attributed to Grok circulated beneath the original post. The edited version replaced the initial price with a significantly higher figure of $589.75, while maintaining the same visual format. This numerical adjustment immediately aligned with a long-standing figure embedded in XRP community discussions. Hey @grok edit this image to show us what #XRP price will be by end of this bullrun. pic.twitter.com/3reagowVLq — XRP CAPTAIN (@UniverseTwenty) March 18, 2026 The Significance of $589 to XRP The appearance of $589 in the edited image reflects a widely recognized number within XRP-focused circles. Its origins trace back to 2018 , when an anonymous online figure known as Bearableguy123 shared cryptic posts suggesting that XRP would reach that price level. Although the timeline attached to that prediction did not materialize, the number itself persisted and became part of the asset’s broader narrative. Over time, community members attempted to rationalize the figure through financial modeling. One commonly cited explanation involves the global Nostro/Vostro banking system, in which large sums of money remain parked in foreign accounts to facilitate cross-border transactions. Some proponents argue that if XRP were to serve as a global bridge asset for liquidity, its price would need to rise substantially to handle such transaction volumes. In these calculations, $589 emerged as a theoretical benchmark. Cultural and Institutional References in 2026 By 2026, the number has moved beyond early speculation and entered a more visible phase of recognition. References to 589 have appeared in public and institutional contexts, including observations tied to New Year’s displays in Times Square and reactions from financial industry figures. These occurrences have contributed to maintaining the number’s relevance in ongoing discussions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The inclusion of $589.75 in the Grok-generated image shared by XRP Captain reinforces how deeply embedded the figure remains. The post itself does not provide technical analysis or a timeline. However, it presents the number through a visual prompt, allowing audiences to interpret its meaning within the broader market cycle. Balancing Speculation with Market Realities Despite its popularity, analysts approach the $589 level with caution. A price of that magnitude would imply a market capitalization in the tens of trillions of dollars, exceeding the scale of major global economies. Achieving such a valuation would require a fundamental transformation of financial infrastructure and widespread institutional adoption. XRP Captain’s post on X does not claim certainty but instead revisits a familiar figure through a simple prompt and image edit. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Elon Musk’s Grok Show What XRP Price Will Be By End of This Bull Run appeared first on Times Tabloid .
20 Mar 2026, 09:05
Polygon Validators Face Crucial Vote on Groundbreaking Fee Distribution Overhaul

BitcoinWorld Polygon Validators Face Crucial Vote on Groundbreaking Fee Distribution Overhaul A pivotal governance discussion is unfolding within the Polygon ecosystem, centering on a transformative proposal to overhaul how network fees are distributed among validators. This initiative directly tackles a growing economic disparity, where a small group of large validators captures a dominant share of revenue, potentially threatening the network’s long-term decentralization and security. The community’s decision could set a significant precedent for proof-of-stake blockchain economics globally. Polygon Network Fees Proposal Aims to Redistribute Validator Rewards The core proposal, currently under community review on the Polygon governance forum, advocates for a more equitable distribution of transaction fees generated on the Polygon network. According to the detailed analysis submitted by the proposal’s author, the current fee distribution model has led to significant concentration. Specifically, the top five validators on the network collectively control 42.1% of all fee revenue. This concentration creates a competitive environment where smaller validators struggle to remain economically viable. Furthermore, the proposal highlights a critical statistic: approximately 66% of all validators operating on the Polygon network cannot cover their estimated monthly operating costs, which average 8,523 POL (approximately $929 at current valuations). This financial pressure risks forcing smaller participants to shut down their operations, thereby reducing the total number of independent validators and increasing the network’s reliance on a few large entities. The new system would allocate a portion of fees into a communal pool for subsequent equal distribution, supplementing the existing proportional rewards. The Economic Challenge for Smaller Validators Operating a blockchain validator requires substantial and ongoing investment. Validators must run high-availability servers, maintain robust internet connections, and ensure constant uptime to avoid penalties. For proof-of-stake networks like Polygon, validators must also stake a significant amount of the native POL token as collateral. The monthly cost of 8,523 POL represents a considerable hurdle, especially when fee income is insufficient. This economic model creates a potential centralization force. Larger entities with more capital can afford to operate multiple validator nodes and absorb lower returns, while smaller operators face existential financial threats. Historically, other blockchains have grappled with similar centralization pressures in their validator sets. The Polygon proposal seeks to intervene before this dynamic becomes entrenched, using economic incentives to preserve a broad and diverse validator base, which is a cornerstone of network security and censorship resistance. Expert Analysis on Validator Economics Blockchain economists often point to validator profitability as a key health metric for proof-of-stake networks. A system where only the largest players profit is considered vulnerable. “A decentralized validator set is not just a philosophical goal; it’s a security requirement,” explained Dr. Anya Petrova, a researcher specializing in cryptoeconomic design at the Digital Assets Governance Institute. “If economic rewards become too concentrated, the network’s resilience to coercion or coordinated failure diminishes. Proposals that carefully recalibrate incentives to support a wider base of operators are critical for long-term sustainability.” The Polygon community must now weigh several factors. They must balance the principle of proportional reward (where those who stake more and process more transactions earn more) against the need for systemic health. Other networks have experimented with similar concepts, such as minimum reward floors or subsidized infrastructure programs, but a direct, equal redistribution of a fee pool segment is a novel approach for a network of Polygon’s scale. Potential Impacts and Implementation Timeline If the proposal passes the requisite community vote and subsequent technical implementation, the impacts would be multifaceted. For smaller validators, it could mean the difference between sustainable operation and shutting down. For the network, it could enhance decentralization metrics by making validation more accessible. However, critics might argue it reduces the reward for efficiency and scale, potentially disincentivizing investment in high-performance infrastructure. The governance process typically involves a temperature check, followed by a formal on-chain vote using the POL token. A successful vote would then trigger development work by the core engineering teams to implement the new fee distribution logic within the network’s protocol. This process could span several months, given the need for rigorous testing and audits on a live network handling billions of dollars in value. Conclusion The debate over Polygon network fees distribution represents a mature evolution in blockchain governance, moving beyond technical upgrades to address fundamental economic design. The proposal to create a more equitable validator reward system confronts the persistent challenge of centralization in proof-of-stake networks. The community’s final decision will not only shape the economic landscape for Polygon validators but also contribute to the broader industry conversation on creating truly robust and decentralized blockchain infrastructures. The outcome of this vote will be closely watched by other ecosystems facing similar validator economics dilemmas. FAQs Q1: What is the main goal of the Polygon fee distribution proposal? The primary goal is to prevent revenue monopolization by large validators and ensure a broader base of operators can cover their operating costs, thereby strengthening network decentralization and security. Q2: How much do the top validators currently earn? According to the proposal, the top five validators on the Polygon network collectively control 42.1% of all fee revenue generated by the network. Q3: Why can’t many validators cover their costs? The analysis states that 66% of validators cannot meet the estimated average monthly operating cost of 8,523 POL (about $929), as their share of the proportionally distributed fees is too low. Q4: How would the new distribution system work? While technical details are pending, the core idea is to allocate a portion of total network fees into a pool that is then distributed equally among all active validators, supplementing the existing proportional rewards. Q5: What happens if the proposal is rejected? If rejected, the current proportional fee distribution model would remain. This could lead to continued financial pressure on smaller validators, potentially resulting in a more concentrated validator set over time. This post Polygon Validators Face Crucial Vote on Groundbreaking Fee Distribution Overhaul first appeared on BitcoinWorld .
20 Mar 2026, 09:02
Bittensor price jumps 17% on Nvidia buzz: can TAO reach $500?

Bittensor (TAO) rose sharply on Friday, jumping more than 17% in intraday gains to hit highs above $300. While the token is trading slightly below its 24-hour peak, bullish sentiment suggests that TAO could extend its V-shaped recovery and target further upside movement. Could the attention brought by Nvidia CEO Jensen Huang and Chamath Palihapitiya to Bittensor’s decentralized AI ecosystem push prices higher? What did Nvidia CEO say about Bittensor? As noted, Bittensor’s price rose sharply amid the latest commentary from industry leaders on the blockchain project's decentralized AI advancements. Chamath Palihapitiya and Nvidia CEO Jensen Huang have both endorsed Bittensor’s large language model training. They shared their comments on the All-In Podcast. According to Chamath Palihapitiya, the training of a “4 billion parameter LLaMA model” via a distributed network is a “pretty crazy technical accomplishment.” NVIDIA CEO Jensen Huang responded positively, stating that decentralized and proprietary AI models can coexist harmoniously in the market, emphasizing “these two things are not A or B; it’s A and B.” This aligns with Bittensor’s peer-to-peer compute-sharing model, which rewards participants with TAO tokens. Notably, the buzz relates to how Huang’s take ties into Bittensor’s Covenant 72B-parameter model. TAO price reacts, jumps to $300 Covenant is fully trained on the decentralized Subnet 3 platform, with over 70 contributors utilizing standard internet connectivity. Anticipation around the 72B Covenant has reinforced investor confidence in its potential growth. Many predict Bittensor could become a defining part of the AI-crypto intersection, and TAO is up as excitement skyrockets. Analysts note Palihapitiya and Huang’s endorsement of decentralized AI could bolster the broader AI-crypto sector. TAO and other cryptocurrencies in the category are posting notable gains, including Render, Kite, and Internet Computer. Bittensor price pumped to highs above $300. Data from CoinMarketCap indicates the market cap of the AI and Big Data category has increased 4% in the past 24 hours to $17.2 billion. Bittensor price outlook: Is 500 next for TAO? TAO price is currently up by more than 28% over the past week and 56% this past month. At current levels, Bittensor has formed a V-shaped recovery from lows of $240 a day earlier. Bullish momentum has also flipped prices from lows of $143 on February 11, 2026. The uptick since the breakout from an ascending triangle pattern sees TAO testing resistance levels last seen in December 2025. From a technical perspective, short-term optimism holds as prices hover above both the 100 and 200 EMAs on the daily chart. Breaching immediate resistance at $310 could bring targets at $365 and $450 into play. TAO reached its all-time high of $767 in April 2024. However, the daily RSI is in the overbought territory around 76, signaling a potential reversal. Also, the MACD remains above its signal line, but the shrinking green histograms suggest momentum could be fading. Bittensor price chart by TradingView If sell-off pressure mounts, key support remains at the 100-day and 200-day EMAs at $233 and $265, respectively. The post Bittensor price jumps 17% on Nvidia buzz: can TAO reach $500? appeared first on Invezz






































