DeepFlowTech

The article analyzes the structure and operation mode of Bittensor, considering TAO as a non-rewarded AI research funding scheme that may lead to wealth transfer. Although Bittensor claims to be a decentralized AI marketplace, in reality, its mechanism has many flaws, and subnet operators can leave at any time without providing feedback. Optimistically, the ongoing demand for AI may encourage subnets to stay, but there is also a risk of project failure due to competition and inflation issues. Overall, the value of TAO depends on incentive mechanisms rooted in game theory, and its future development is uncertain.

Moses Capital focuses on early-stage venture capital. After two years of reviewing 2,000 funds, they ultimately invested in 46, establishing a systematic sourcing process, and summarized four GP prototypes, 97% elimination reasons, and the best due diligence methods. The article contains a wealth of information from the VC ecosystem and LP perspectives, making it suitable for related readers.

SK Telecom has signed a tripartite memorandum of understanding with the UK chip company Arm and South Korean startup Rebellions to jointly develop AI data center inference servers, and to test and validate them in combination with the newly released AGI CPU and RebelCard chips.

According to The South China Morning Post, a report released by Interconnects AI shows that by 2026, downloads of Alibaba Cloud's Qwen series models have exceeded 50%, totaling 941 million times, surpassing competitors. Qwen's dominant position stems from the popularity of its low-cost, small-parameter versions. At the same time, in the US-China AI competition, open-source strategies have become key, with some companies shifting toward closed-source approaches for commercialization.

Although several positive factors have recently influenced the market, Bitcoin's response has been tepid and underperformed expectations. Currently, Bitcoin has entered the oversold zone, but the report warns that oversold signals alone cannot determine a trend reversal; attention should be paid to market re-pricing and the implementation of key events. Meanwhile, geopolitical risks have not been fully eliminated.

According to Deep潮 TechFlow news, a large number of BTC and ETH options will expire on April 10th, with BTC breaking through $72,000.
Despite the rebound, analysts believe the crypto market still remains sluggish, with various indicators showing bearish market characteristics.

TAO tokens dropped 15% following a public letter from Covenant AI founder Sam Dare. The letter accused Bittensor's founder of controlling the network, claiming that decentralization is superficial. Subsequently, Sam announced the team was leaving and sold off tokens, triggering market panic. This incident highlights the conflict between decentralization and centralization in crypto projects, as well as the narrative risks faced by investors.

Sky and its subDAO Spark are working to improve credit ratings and attract institutional investors. Last August, they received a B- rating from S&P, planning to enhance the rating by restructuring debt and isolating high-risk assets. Credit ratings are becoming increasingly important in DeFi protocols, helping to manage investment risk and attract traditional financial capital.