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BTC $77,609.71 +4.04%
ETH $2,440.60 +4.35%
BNB $642.01 +2.77%
XRP $1.48 +3.81%
SOL $89.76 +3.71%
TRX $0.3250 -0.28%
DOGE $0.1000 +3.13%
ADA $0.2630 +4.17%
BCH $458.27 +3.78%
LINK $9.75 +3.62%
HYPE $44.94 +0.44%
AAVE $116.11 +5.95%
SUI $1.02 +3.90%
XLM $0.1741 +6.95%
ZEC $345.14 +2.32%

usat

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.

Hyperliquid clarifies false accusations: the platform's status is transparently verifiable, will gradually decentralize, and ultimately be fully open source

Hyperliquid officially clarifies a recent article that made false accusations against it, claiming that Hyperliquid has issues with solvency, integrity, and transparency. The responses to the 10 specific allegations are as follows:System under-collateralized by $362 million: False. The author of the article ignored HyperEVM USDC (parallel to the Arbitrum bridge), with the current total USDC amount being $4.351 billion.Manipulating trading volume through TestnetSetYesterdayUserVlm: False. This is only a testnet feature and cannot be called on the mainnet.Certain users have privileges, such as fee waivers or manipulation affecting airdrops: False. All fees, balances, and transactions are visible on-chain, with no distortion mechanisms.CoreWriter "God mode" can mint, transfer funds, etc.: False. This is a way to send HyperCore operations to HyperEVM smart contracts, with no described privileges.Governance can freeze the chain, with no revocation function: Misunderstanding. Freezing is used for network upgrades, similar to hard forks on other chains. During the POPCAT event in November 2025, L1 was not frozen, only the Arbitrum bridge was automatically locked as a security measure.A single private key can instantly set oracle prices: Misunderstanding. The HIP-3 oracle is configured by the deployer and can use MPC, etc. The perpetual contracts operated by validators use a weighted median price, with no delays to ensure security.Eight undisclosed addresses control all transaction submissions: False. Some transactions have been sent directly by validators, and future upgrades will include MEV and anti-censorship mechanisms.The liquidation cartel has an unfair advantage: Misunderstanding. Only HLP can back liquidations, and deposits are permissionless, with most liquidations processed through the order book.Hidden lending protocols involving over $1 million in funds: False. Portfolio margin, lending, and HLP are publicly announced pre-alpha versions, with documentation on file.ModifyNonCirculatingSupply can change token supply: False. The HIP-1 token supply is fixed, and this function is only for display purposes, not affecting execution.
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