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BTC $77,986.92 +4.11%
ETH $2,450.48 +4.53%
BNB $644.21 +2.99%
XRP $1.49 +4.17%
SOL $90.20 +4.11%
TRX $0.3253 -0.12%
DOGE $0.1008 +3.13%
ADA $0.2644 +3.94%
BCH $459.11 +3.88%
LINK $9.77 +3.33%
HYPE $45.42 +1.40%
AAVE $116.75 +5.94%
SUI $1.02 +3.61%
XLM $0.1747 +5.62%
ZEC $345.10 +1.61%

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Bittensor co-founder responds to Covenant AI's accusations: no authority to suspend subnet emissions, and the amount sold is less than 1% of the investment

Bittensor co-founder Const (@const_reborn) responded on Twitter to recent allegations regarding Covenant AI. Const stated that he has no authority to pause emissions, and that the previous sale of a portion of alpha positions in three subnetworks was because these subnetworks were not operational and were in a high ratio of code destruction state. The impact of this transaction on emissions is consistent with the buying and selling behavior of ordinary TAO holders, and he does not enjoy any special privileges.Regarding management authority, Const clarified that it was Samuel himself who abandoned his Discord channel, and he did not remove his administrator role; he only temporarily restricted his ability to delete posts that honestly criticize and then restored it. Additionally, he emphasized that the scale of the token sell-off was less than 1% of his total investment in the team, and stated that exercising the rights to buy and sell tokens under the dTao system is fundamental to supporting the operation of the system.According to previous reports from ChainCatcher, the main subnetwork developer on Bittensor, Covenant AI, announced its withdrawal from Bittensor. Covenant AI founder Sam Dare stated that the reason Bittensor attracts builders, miners, validators, and investors into this ecosystem is because of its promise not to be controlled by any single entity. But this promise is a lie.

Tether Gold (XAUt) officially lands on BNB Chain, accelerating the arrival of the on-chain gold era

Tether's tokenized gold product Tether Gold (XAUt) officially launched on BNB Chain on March 26, bringing physical gold assets directly into the on-chain ecosystem. Each XAUt token corresponds to one troy ounce of physical gold, backed 1:1 by London Good Delivery gold bars stored in Swiss vaults, with total reserves of approximately 1,800 bars, over 22,100 kilograms, and publicly available proof of reserves.The significance of this launch lies in the fact that users can gain direct exposure to physical gold in the BNB Chain ecosystem without going through the custody, storage, premiums, and cumbersome settlement processes required for traditional gold investments. It seamlessly integrates with trading, DeFi, and other on-chain activities without the need to transfer funds off-chain. For developers, XAUt provides an asset with lower correlation to the crypto market, helping to build a more balanced product design. Additionally, Tether achieves liquidity interoperability for XAUt across more than 12 blockchains through the USDt0 cross-chain network, further enhancing issuance, transfer, and settlement efficiency.Tether CEO Paolo Ardoino stated that this move aims to integrate gold into the modern digital financial system, granting it the ability for instant settlement and global circulation.This integration further solidifies BNB Chain's leading advantage in the real-world asset (RWA) sector. Currently, the asset scale of BNB Chain RWA distributed assets is approximately $3.2 billion, making it the second-largest RWA public chain globally, with over 41,000 holders and a net inflow of about $845 million in the past 30 days. These figures reflect real usage—assets are being held, traded, and deeply integrated throughout the ecosystem, rather than being idle after issuance.The addition of XAUt marks a transition for RWA from "issuance equals storage" to a new phase of truly usable and composable on-chain assets.
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