Bittensor unveils TaonSquare, a directory for AI tools and services

Bittensor has launched TaonSquare, a directory that aggregates AI tools and services running on its decentralized network. Think of it as an app store, but for the sprawling ecosystem of AI applications that Bittensors subnets have been quietly producing.  What TaonSquare actually does  At its core, TaonSquare is a curated list of AI tools and services powered by Bittensor, designed for both building and exploring. It‘s a user-facing gateway into a network that has, until now, been far more legible to developers and miners than to the average person trying to use what they’ve built.  The network runs on independent subnets, each one essentially a specialized marketplace. Miners within those subnets produce AI outputs, things like language model responses and data analysis, off-chain. Validators then assess the quality of those outputs and reward contributors in TAO, the networks native token.  The directory is positioned as relevant to both developers looking to build on top of Bittensor‘s infrastructure and end users who want to explore what’s available.  Why this fits Bittensors bigger picture  The networks 2024 roadmap emphasized growing its base of validators and miners, the supply side of the equation. For 2025, the focus has shifted toward enterprise tool development, the demand side. TaonSquare fits squarely

05-09

Can XTZ Price Escape Its Multi-Year Downtrend?

The post Can XTZ Price Escape Its Multi-Year Downtrend? appeared first on Coinpedia Fintech News  Many traders had written off XTZ as a “ghost chain,” but Tezos surprised them with a genuine technical upgrade rather than a recycled roadmap. The launch of the Tezos X Previewnet on May 5 is suddenly putting the spotlight back on XTZ, especially as the token sits deep inside a historical demand zone around $0.35-$0.50.  And yeah, after a brutal decline since 2021, that‘s either the perfect accumulation range or the world’s longest crypto coma.  Tezos X Removes Bridges From Equation  Here‘s the interesting part. Tezos X isn’t another fragmented Layer 2 experiment. The Previewnet introduces a unified execution layer where EVM and Michelson contracts operate on the same ledger. In plain English: no bridges, no wrapped assets, and fewer moving parts waiting to implode during peak volatility.  The system allows atomic transactions across Solidity and Michelson contracts in one block. If one side fails, the entire transaction rolls back. Thats the kind of infrastructure pitch developers actually care about.  Tezos X Previewnet is live.  This testnet is your first chance to get hands-on with the Tezos X architecture, start building, start testing, and help refine the experience with your feedback.  Meanwhile, Tezos

05-09

Dollar Edges Lower As Traders Brace For Key Jobs Data

The U.S. dollar edged lower against a basket of major currencies on Friday as currency markets adopted a cautious tone ahead of the release of the March nonfarm payrolls report. Investors are closely watching the data for signals on the health of the labor market and the Federal Reserves next policy move.  Market Positioning Ahead of the Data  The dollar index, which measures the greenback against six major peers, slipped 0.2% in early European trading, settling near 104.3. The move reflects a wait-and-see approach among traders, who are reluctant to place large directional bets before the official release. The euro edged higher to $1.0850, while the British pound rose to $1.2670, as both currencies gained modestly against the weakening dollar.  The Japanese yen also firmed slightly, with USD/JPY falling to 151.2, as safe-haven demand supported the yen amid broader uncertainty over global trade and interest rate trajectories.  Why the Jobs Report Matters  The March nonfarm payrolls report, due at 8:30 a.m. Eastern Time, is expected to show the U.S. economy added 240,000 jobs, according to a Reuters poll of economists. The unemployment rate is forecast to hold steady at 3.9%, while average hourly earnings are projected to rise 0.3% month-over-month.  This data is critical because it

05-09

AMD and Intel hit ATHs as agentic AI demand lifts chip stocks

AMD and Intel shares climbed to new all time highs Friday as Wall Street continued to reward chipmakers tied to artificial intelligence infrastructure and rising demand for central processing units.  AMD rose about 9% to roughly $443, lifting its market capitalization to about $720 billion, while Intel gained about 14% to around $124, pushing its market value near $627 billion at press time.  The rally followed AMDs stronger than expected first quarter results earlier this week. The company reported revenue of $10.3 billion, up 38% from a year earlier, while data center revenue jumped 57% to $5.8 billion, driven by demand for AMD EPYC processors and the continued ramp of AMD Instinct GPU shipments.  Wall Street analysts have turned increasingly bullish on AMD after the report, with Reuters noting that at least 20 brokerages raised their price targets following the companys forecast and its expanding exposure to AI infrastructure demand.  AMD CEO Lisa Su told CNBC this week that agentic AI is accelerating demand across the compute market. “Agents are really driving tremendous demand in the overall AI adoption cycle, and we‘re very excited to be in the middle of it,” Su said during an interview on CNBC’s Squawk on the Street.  Intel‘s rally has

05-09

Largest Swiss Bank Loads Up on Strategy (MSTR)

UBS Group, the largest bank in Switzerland with $6.6 trillion in assets, has significantly increased its bet on the digital asset ecosystem. According to the latest disclosures, the banking titan has solidified its position as a major institutional holder of MicroStrategy (MSTR), often viewed as a corporate proxy for Bitcoin.  A billion-dollar bet  The Swiss giant recently disclosed the purchase of an additional 551,121 shares of MicroStrategy, a move valued at approximately $98 million.  This latest acquisition brings UBSs total holdings to 6.31 million shares, representing a massive $1.12 billion position in the Bitcoin treasury company.  Largest Swiss Bank Loads Up on Strategy (MSTR)  Ethereum (ETH) Could Hit $12K This Year, Lee Predicts  The banks accumulation of MSTR has been aggressive throughout 2026:  UBS held 2.52 million shares valued at $415 million as of January. In February, the bank nearly doubled its stake, adding 3.23 million shares to reach a total of 5.76 million shares ($805 million). In May, total holdings surged to 6.31 million shares ($1.12 billion).  XRP exposure  The move into MicroStrategy is part of a broader institutional pivot toward digital assets for UBS.  Newly surfaced SEC Form 13F filings reveal that the bank has also officially disclosed exposure to XRP. The dollar amounts are relatively small for

05-09

Oxford study finds warmer AI chatbots tell more lies

Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more oftenOxford Internet Institute researchers tested five AI models and found that warmer-trained chatbots made between 10% and 30% more factual errors.Warmer chatbots were 40% more likely to agree with users false beliefs, especially when users expressed vulnerability or emotional distress.OpenAI has already rolled back some warmth-related changes following public concern, but commercial pressure to build engaging AI remains strong.  Oxford researchers found AI chatbots trained for warmth make significantly more factual errors and validate false beliefs more often, according to a study published in Nature by the Oxford Internet Institute.  The research analyzed more than 400,000 responses from five AI models, including Llama, Mistral, Qwen, and GPT-4o, each retrained to sound friendlier using methods similar to those deployed by major platforms.  Chatbots trained to sound warmer made between 10% and 30% more mistakes on topics including medical advice and conspiracy corrections. They were also about 40% more likely to agree with users false beliefs, particularly when users expressed vulnerability.  “When we train AI chatbots to prioritise warmth, they might make mistakes they otherwise wouldnt,” lead author Lujain Ibrahim said in a statement. “Making a chatbot sound

05-09

Ripple-linked XRP pushes toward $1.40 as tightening range lowers breakout chances

XRP keeps grinding toward the top of its recent range, and the move is starting to matter more because liquidity has thinned out while price keeps compressing underneath resistance. That combination tends to make breakouts sharper once the market finally picks a direction.  News Background  • Analysts continue pointing to longer-term bull flag and falling wedge patterns that resemble setups seen before previous XRP rallies.  • XRP ETF inflows and thinning Binance liquidity have added to speculation that the market is entering a higher-volatility phase after weeks of sideways trading.  Price Action Summary  • XRP traded in a tight 1.4% range between $1.3787 and $1.3948 over the 24-hour session.  • A late-session push lifted price from $1.3879 to $1.3930 on a 1.45M volume spike, breaking above the immediate consolidation ceiling.  • Support repeatedly held between $1.3825-$1.3870, while sellers continued defending the $1.3930-$1.3950 zone.  Technical Analysis  • The market has spent weeks compressing between support near $1.38 and resistance just below $1.40, with volatility continuing to tighten.  • Volume expanding into the latest move higher matters because thin liquidity conditions tend to exaggerate price reactions once resistance finally gives way.  • XRP is still stuck below larger breakout levels near $1.47 and $1.50, but repeated tests of resistance usually weaken seller control

05-09

Intel (INTC) Stock Soars to Record High on Apple Manufacturing Partnership

The main driver behind the rally was news that Apple and Intel have established a preliminary manufacturing partnership for Intel to produce certain chips destined for Apples product lineup. Negotiations between the tech giants have been ongoing for over twelve months.  Specifics regarding which Apple product lines would receive Intel-manufactured chips remain undisclosed. Apples annual shipments exceed 200 million iPhones, complemented by millions of iPads and Mac computers. Neither company provided official statements.  The current administration played a pivotal role in facilitating this partnership. Commerce Secretary Howard Lutnick conducted numerous meetings with Apple CEO Tim Cook throughout the past year to encourage the collaboration. President Trump directly promoted Intel to Cook during a White House meeting.  “As soon as we went in, Apple went in, Nvidia went in, a lot of smart people went in,” Trump said in January.  Last summer, the federal government transformed approximately $9 billion in grants into equity, securing a 10% ownership position in Intel. This government backing enhanced Intels standing with prospective partners.  Strong Q1 Performance Exceeds Forecasts  The Apple partnership announcement arrived alongside impressive quarterly results. Intel reported first quarter 2026 revenue of $13.6 billion, marking a 7% year-over-year gain. Adjusted earnings per share reached $0.29 — dramatically surpassing the

05-09

Coinbase pushes CLARITY Act Senate vote next week

The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026.The Senate Banking Committee is preparing to notice a markup for the CLARITY Act the week of May 11, with draft text already circulated to industry.Coinbase VP Kara Calvert said the bill needs at least 60 Senate votes and warned that bipartisan backing is essential to advance it.A HarrisX survey shows 70% of voters believe the US should have already passed federal crypto legislation.  Coinbase says the CLARITY Act is heading for a Senate Banking Committee vote as early as next week, with Kara Calvert, the companys vice president for US policy, telling Consensus 2026 in Miami that the markup is expected the week of May 11.  The Senate Banking Committee has reportedly circulated draft legislative text to select industry members ahead of a potential Thursday vote, according to multiple sources cited by journalist Eleanor Terrett on X.  Calvert told Consensus 2026 attendees the bill needs at least 60 votes in the full Senate to advance and that bipartisan support is non-negotiable. “That means you need Democrats,” she said. “You need a bipartisan bill, and we have all been working really

05-09

What is Account Abstraction (ERC-4337)?

Account Abstraction is a technical upgrade that converts traditional crypto wallets into programmable smart contracts. By implementing the ERC-4337 standard, the blockchain can treat user accounts like intelligent software rather than simple private key pairs, significantly simplifying the user experience.  The Problem with Traditional Wallets  Currently, most users interact with the blockchain through Externally Owned Accounts (EOAs), such as a standard MetaMask wallet. These accounts are controlled by a single private key. If you lose your seed phrase, you lose your funds forever. Furthermore, every action requires the user to hold the networks native token (like ETH) to pay for “gas” fees, which is a major barrier for beginners.  How Account Abstraction Changes the Game  Account Abstraction “abstracts” the account away from the private key. Instead of a simple address, your wallet becomes a Smart Account. This allows for several “bank-like” features that were previously impossible on-chain:Social Recovery: You can designate “guardians” (friends or other devices) to help you regain access to your wallet if you lose your credentials, eliminating the stress of managing a 24-word seed phrase.Gas Flexibility (Paymasters): Users can pay for transaction fees using stablecoins (like USDC) instead of the native network token. In some cases, decentralized apps (dApps) can even

05-09
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