Author: CryptoDigestAlert.com

TLDR: TAO fell from $337 to $270 within 24 hours after Covenant AI announced its exit over governance concerns. Covenant AI claimed revenue was halted abruptly, and decision-making power shifted away from the broader community. Infrastructure updates were reportedly introduced without consensus, raising concerns among contributors about control. The project, once backed by major AI figures, now faces scrutiny over whether it still operates as decentralized. Bittensor’s native token, TAO, recorded a sharp decline within 24 hours after a public dispute raised concerns about governance and network control. The development followed the exit of Covenant AI, a key contributor, which…

The current price range of Bitcoin may not relay much, but a change in ownership structure is taking place under the surface.  Related Reading On-chain data from CryptoQuant shows that one cohort of market participants is stepping back from exchange activity at a pace not seen in nearly a year, while another is quietly rebuilding at a scale that demands attention.  Whale Inflows On Binance Fall To Multi-Month Lows The 30-day sum of whale inflows to Binance has fallen massively in recent days, falling to $2.96 billion as of the latest CryptoQuant data, the first reading below $3 billion since…

Donald Trump is facing fresh scrutiny as crypto tokens tied to his name and family trade near record lows.  Summary TRUMP fell about 90% from its peak as renewed scrutiny hit Trump-linked crypto projects again this week. WLFI dropped to a fresh all-time low as criticism of Trump family crypto ties intensified. Senators pressed Bill Zanker for details after Trump announced an April 25 gala for token holders. The pressure has grown after a new gala for token holders raised new questions from Democratic lawmakers. The Official Trump token, known as TRUMP, fell to an all-time low of about $2.73…

TLDR: Arizona must pause criminal charges against CFTC-regulated prediction markets after the federal TRO order. The CFTC says federal law grants exclusive authority over event contracts and market enforcement. Connecticut and Illinois now face similar federal lawsuits over state prediction market restrictions. The ruling strengthens legal momentum for federally supervised crypto-linked trading platforms. A federal judge in Arizona temporarily halted the state’s criminal case against federally regulated prediction markets on Friday. The order came after the Commodity Futures Trading Commission asked the court to stop Arizona’s enforcement push.  The ruling preserves the status quo while a broader federal preemption fight…

The US Commodity Futures Trading Commission revealed the first lineup of its Innovation Task Force (ITF), now headed by Michael Pascualaqua, a senior adviser to Acting Chairman Mike Selig. The team now features blockchain lawyers who worked at leading law firms, a prediction markets consultant, and seasoned legal professionals from within the CFTC. The move comes amid escalating jurisdictional battles over platforms such as Kalshi and Polymarket, which allow users to trade contracts on real-world outcomes ranging from elections to sports. The CFTC has argued that such products fall under federal derivatives law, not state gambling statutes, a position that…

Bitcoin pushed higher this week but headed into Thursday’s U.S. CPI inflation print with traders still treating it as a macro asset first and a crypto trade second. According to The Block’s price page, bitcoin (BTC) traded around $72,267 after climbing 8% over the past week. Ether (ETH) similarly rose over 7.8% over the same period, with several altcoins rallying. Spot bitcoin ETFs also drew $358 million in net inflows on April 9 as Morgan Stanley joins the fray, and ether funds added about $85 million, per Farside data. Expand Chart The rebound followed a stretch of stronger long positioning…

The CIA plans to integrate specialized artificial intelligence into its primary analytics tools to help officers track foreign spies and predict hostile actions from abroad. Summary The CIA plans to embed classified generative AI assistants across its entire analytic infrastructure within two years to help officers identify foreign intelligence trends and draft reports. Federal officials are prioritizing these internal AI tools following a government-wide ban on Anthropic technology and an ongoing legal battle over the company’s status as a supply chain risk. Politico reported that CIA Deputy Director Michael Ellis shared these plans during a Special Competitive Studies Project event…

TLDR: Oceanus and HashKey signed an MOU to deploy stablecoin settlement across Asian trade finance corridors. The partnership integrates AI-driven ODIN platform with regulated infrastructure to improve settlement efficiency. Stablecoin settlement enables faster, secure transactions for commodity trades including seafood, meats, and wines. The initiative targets the $2.5 trillion trade finance gap affecting SMEs in global markets. Stablecoin settlement is advancing into global trade finance as Oceanus Group Limited and HashKey Group formalize a strategic partnership. The two firms signed a Memorandum of Understanding to deploy regulated infrastructure across Asian trade corridors. The collaboration aims to reduce inefficiencies in cross-border…

TLDR Morgan Stanley’s Bitcoin ETF, MSBT, is set to begin trading tomorrow on NYSE Arca. The trust will track the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. MSBT will hold Bitcoin directly and will not use leverage or active trading. The ETF has an annual sponsor fee of 0.14%, which is lower than most competitors. Coinbase and BNY will serve as the trusted custodians for the Bitcoin holdings. Morgan Stanley’s Bitcoin ETF is set to begin trading tomorrow on the NYSE Arca under the ticker MSBT. The U.S. Securities and Exchange Commission (SEC) declared the Morgan Stanley Bitcoin Trust…

U.S. lawmakers have begun questioning the Commodity Futures Trading Commission over the agency’s inaction on alleged insider trading in prediction markets tied to geopolitical events. Summary Seven House lawmakers questioned the Commodity Futures Trading Commission over its response to alleged insider trading in prediction markets tied to military events. The letter pointed to contracts linked to U.S. actions in Iran and Venezuela, raising concerns about trades that appeared timed around sensitive government decisions. Lawmakers asked the CFTC to clarify its enforcement approach and respond by April 15, as legal disputes over platforms like Kalshi and Polymarket continue. Seven members of…