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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Hanoi has submitted an important proposal to the Pacific Construction Group (China) regarding the Văn Cao – Hòa Lạc metro line, a project with total investment of 72.3 trillion dong. On the afternoon of April 9, a Memorandum of Understanding on cooperation was signed between the Hanoi Department of Construction…
Bittensor’s TAO is experiencing extreme price fragmentation, with exchange spreads widening to 25.3% across four venues on April 11. A still-elevated 21.2% spread was also reported across seven exchanges, indicating persistent liquidity stress rather than a single, isolated move.
The dislocation observed on April 11 follows a pattern seen over the prior 24 to 48 hours, when cross-exchange fragmentation appeared to worsen from roughly 20% to above 25%. The article frames this as a sign the market is not re-connecting across venues on its own, particularly for TAO, described as a mid-cap asset ranked around #47 by market capitalization.
The article points to several common drivers of sustained spread widening: thin order books, market makers stepping back, or venue-specific stress that prevents arbitrage from closing gaps. It also notes that if market infrastructure were functioning normally, a 20% to 25% spread would typically attract arbitrage activity and compress quickly.
It adds that no clear news catalyst was identified to explain the move. The absence of a clear narrative can lead participants to become more defensive, which may further drain liquidity and increase slippage.
Exchange fragmentation changes trading risk. The article highlights that liquidations, stop losses, and portfolio valuations can become more difficult to manage when one exchange trades materially away from another. It also notes that traders attempting to enter based on a quoted price may face higher execution risk if the order book is thin, while holders may find exits less reliable than expected.
With TAO spreads reaching 25.3% across major venues, the article characterizes the move as a market-structure warning. It suggests monitoring for cross-exchange spread compression, improvements in order book depth, and signs that market makers are returning. If conditions do not improve, it cautions that the environment may not support a straightforward dip-buy setup.
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…
