Bittensor Co-Founder Calls for Subnet Community Governance Restart, Criticizes Covenant AI Co-Founder's Actions as "Malicious and Greedy"
April 10 — In response to Covenant AI’s recent departure from the Bittensor network, Bittensor co-founder Jacob Steeves issued a statement on Discord.
He revealed that when dTAO launched a year ago, the team initially planned to roll out a community-led subnet governance mechanism: subnet Alpha holders would vote via their wallets to elect the Hyperparameter Council. The feature was delayed, however, due to the early need to grant subnet owners greater control.
Steeves argues now is the right time to reignite this discussion, proposing a community voting mechanism to elect the council and relaunch the subnet. He emphasized he is one of Bittensor’s top three stakeholders, supporters, and technical contributors — and will personally participate in the mechanism, recommend qualified candidates, and advance the project’s original goals established with Covenant AI founder Sam Dare.
Meanwhile, Steeves bluntly labeled Sam Dare’s recent decisions “clearly malicious and greedy.” Still
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Ehrling's Law: Value ultimately depends on the asset's worth and trend; if an asset lacks worth, it will not be recognized by the market in the long run
April 10th — Yi Li Hua addressed external claims labeling early operations as “aggressive” or even “pump and dump” during a Binance Square AMA.
He emphasized investment ultimately hinges on an asset’s value and trend: assets without fundamental value won’t hold up in the market long-term.
For large-cap markets like ETH, he argued a single participant can’t single-handedly pump the asset — it’s more about finding undervalued assets and riding trends. When trends weaken, individual purchases also can’t reverse the dip.
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Biden's Son Challenges Trump's Son to a Public MMA Fight
April 10th
Hunter Biden, son of former U.S. President Joe Biden, publicly challenged Donald Trump Jr. and Eric Trump to a "cage fight" on a podcast Wednesday, saying, "I'm definitely in."
The bout stems from internet personality Andrew Callaghan, who is organizing a celebrity boxing match and reached out to Hunter about joining.
A Trump Organization representative responded by telling Hunter to "stick to finger painting, steer clear of illegal drugs and adult content" — mocking his immaturity and referencing his past scandals.
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ZEC Surges Over 43% in Two Days: Against-the-Tide Short Whale Faces Consecutive Losses, While Another Whale Opens a Short Position at a Liquidation Price of 411 intraday
On April 10, per Hyperliquid Data (https://app.hyperliquid.xyz/join/NTOD), ZEC rallied sharply from ~$269 on April 8, climbing 43.1% briefly over the past two days to hit a high of $385. It is currently trading at $367.5.
Additionally, per Hyperinsight Monitoring (https://t.me/HyperInsight), the rally has left whales who shorted ZEC yesterday and in the days prior to April 8 with heavy losses. Of the whales opening new seven-figure positions today, most are trend-following—only one address (0x931) has taken a contrarian bearish stance.
The short position was taken with 10x leverage, totaling $3.44 million, at an average entry price of $365.8, with a liquidation price of $411.5. The address has also placed simultaneous take-profit (TP) and stop-loss (SL) orders: TP at $350, SL at $411.
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Hodl Gang: Maintaining a long-term bullish view after experiencing multiple bull and bear cycles, but must respect the cycles and massive volatility
April 10th. Yi Lihua, founder of Liquid Capital (formerly LD Capital), noted during a Binance Square AMA yesterday that market pressure stems from multiple factors—including unmet expectations for a Fed rate cut, Middle East conflicts, delays in crypto regulatory reform bills, and the failure of previously discussed "BTC national strategy" expectations to materialize. Adding the four-year cycle dynamic, he believes this round of corrections may exceed initial plans. However, he stressed his long-term bullish stance on ETH remains unchanged, attributing current volatility to external financial conditions and amplified market cyclicality.
Having entered the industry at the end of 2015 and lived through two to three bull-bear cycles, he argues a long-term bullish outlook carries more merit from a long-cycle perspective. That said, one shouldn’t be overly optimistic—respect for market cyclicality and "significant volatility" is a must.
Additionally, he expressed great surprise at AI’
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