Covenant AI's exit from Bittensor was prompted by allegations that co-founder Jacob Steeves maintained centralized control, contradicting the project's decentralized mission. The fallout from this departure saw TAO plummet nearly 25% in just six hours, erasing over $650 million in market capitalization.
The utility token of the gaming platform Aria AI, ARIA, plummeted by more than 80% April 9, moments after hitting a new all-time high. Market data shows the token, which traded just below $0.78 around 6:15 a.m. EST, crashed to just over $0.10 in less than an hour.
Futures are exploding higher, as President Trump chose not to 'end civilization in Iran' and agreed to a two-week pause on attacks on Iran.
I'm not Satoshi, but I was early in laser focus on the positive societal implications of cryptography, online privacy and electronic cash, hence my ~1992 onwards active interest in applied research on ecash, privacy tech on cypherpunks list which led to hashcash and other ideas.
One agency immediately stands out: the Internal Revenue Service. In January 2025, the IRS hired 1,313 people. Over the next two months the agency laid off 11,000 workers, or about 11% of its workforce. And it hired zero people in February and March. What happened at the IRS amidst the DOGE-slashing effort that swept through the federal government is an extreme case of how Musk and his wrecking crew gutted agencies. The IRS did not respond to a request for comment.
