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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Bittensor is trying to rebuild investor confidence after one of the most damaging internal disputes in the decentralized artificial intelligence sector’s short history. The network says it will address the fallout by launching a recovery plan drafted by Jacob Steeves, a co-founder who has also been at the center of the controversy.
The move follows Samuel Dare’s announcement that subnet developer Covenant AI is leaving the Bittensor network. In an extended statement, Steeves framed his response to Dare’s exit and outlined steps aimed at stabilizing the ecosystem.
Bittensor’s native token, TAO, fell by about a quarter of its value in under 24 hours after Dare—Covenant AI’s founder—published a sharply critical statement accusing Steeves of running a centralized operation behind a decentralized facade.
Covenant AI previously operated three subnets within Bittensor’s network and delivered the Covenant-72B model, which many in the decentralized AI sector viewed as a significant milestone.
Covenant-72B is described as a 72-billion-parameter language model trained permissionlessly across more than 70 independent contributors using commodity hardware.
In an April 10 statement, Dare alleged that Steeves:
Steeves’ proposed recovery plan is built around a feature called Locked Stake. The mechanism would introduce a time component to token ownership on Bittensor.
Under the proposal, subnet owners would be able to lock their holdings for a defined period. The combination of stake size and remaining lock duration would become a publicly legible measure of commitment.
Steeves said Locked Stake was among the last pieces of work Dare completed before departing the Opentensor Foundation, and he described his failure to implement it sooner as his “real error.” He suggested the mechanism might have helped prevent the reported 25% value drop.
On operational continuity, Steeves said members of the mining community—and potentially former Covenant team members—are already organizing to sustain work on subnets 3, 39 and 81.
He added that the governance proposal will be put to the community at Bittensor’s next open Thursday call on its Discord server.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
