Gate.io Launches INIT Perpetual Contract Pre-trading

**April 10th Crypto Update: TAO Tanks 9%+ Amid Bittensor Governance Blowup** Per HTX market data, TAO has dropped more than 9% in the past 24 hours, currently trading at $292.7 with its market cap falling to $3.211 billion. On the news front, decentralized AI training group Covenant AI released a public statement officially announcing its exit from the Bittensor network. The team called out Bittensor key figure Jacob Steeves (alias Const) by name, accusing him of systematically betraying decentralized pledges. Covenant AI founder Sam Dare disclosed that Const has recently taken a string of oppressive measures against his team: - Suspended token emissions for its subnets - Revoked its management control of its own community channels - Unilaterally decommissioned subnet infrastructure - Applied economic pressure via large-scale, high-profile token dumping amid the conflict Covenant AI flat-out labeled Bittensor’s touted “three-person multi-sig governance” a “decentral

April 10th: HTX data shows Tao is currently trading at $292.85, down 13.11% over the past 24 hours. Previously, BlockBeats reported that Covenant AI—a decentralized AI training team—issued a public statement officially announcing its withdrawal from the Bittensor network. It also directly named Jacob Steeves (alias Const), a key figure tied to the network, accusing him of systematically betraying decentralized commitments.

April 10 — Covenant AI, a decentralized AI training team, formally announced its departure from the Bittensor network Wednesday, directly calling out the protocol’s key figure Jacob Steeves (aka Const) for systematically betraying its decentralized promise. Covenant AI founder Sam Dare revealed Const recently took punitive actions against his team: pausing token emissions for its subnets, stripping the team of community channel management rights, unilaterally decommissioning subnet infrastructure, and exerting economic pressure via large-scale, high-profile token dumps amid the conflict. The team bluntly labeled Bittensor’s touted “three-person multisig governance” as “decentralization theater”: Const effectively controls the multisig, can unilaterally bypass consensus to push through changes at any time, and other participants serve only as legal liability shields. “The entire core promise of Bittensor — that no single entity could control it — is a lie,” the statement said.

April 10 – Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_Df6yfrKC8kZE3KNkrHERKzAetSxbrWeniQfyJY4Jpump), the Solana-based meme coin CHILLGUY has sustained a rebound this month, accelerating its rally since yesterday. The token topped $10 million in market cap this morning and is now valued at $10.83 million, with a 23% gain over the past 24 hours. BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and hype, with no inherent value or real-world use case. Investors are advised to be mindful of these risks.

First Lady Melania Trump delivered a rare televised statement from the White House on Thursday (April 10, local time), dismissing social media rumors linking her to late financier Jeffrey Epstein as "false and defamatory," Bloomberg reported. Trump explicitly denied any connection to Epstein or his associate Ghislaine Maxwell, noting her only interaction with Maxwell was "occasional emails." She emphasized, "I am not a victim of Epstein," and hinted at potential legal action: "My attorney and I have successfully pushed back against these false accusations and will not hesitate to continue protecting my reputation." The five-minute address drew widespread attention for two reasons: Trump rarely makes public statements, and the Epstein matter had faded from public view amid escalating tensions with Iran. Her remarks revived the politically sensitive issue that has plagued the White House for months. In the statement, Trump called on Congress to hold public, sworn hearings for Ep

**Hong Kong Stocks Open Strong on April 10: AI Plays Lead Gains** AI application stocks held firm in early Hong Kong trading on April 10: - DeepThink Technology (ticker: 03317.HK) +11% - DT Dream (01384.HK) +>5.5% - ZPLAY (00302.HK), SenseTime (00020.HK) each +>4.5% - MINIMAX-W (00100.HK) and peers tracked the rally. Major indexes climbed over 1% at the open: - Hang Seng Index +>1% - Hang Seng TECH Index +>1% Blue-chip gainers included: - Longfor Group (00960.HK), SMIC (00981.HK), Shandong Gold (06181.HK) each +>3% - Alibaba (09988.HK), COHL (00688.HK), China Life (02628.HK) near +3% (Source: FX678)