On April 10th, according to HTX market data, TAO dropped more than 9% over the past 24 hours, currently priced at $292.7, with market capitalization decreasing to $3.211 billion. In related news, the decentralized AI training team Covenant AI issued a public statement, officially announcing their exit from the Bittensor network, directly naming the network's key figure Jacob Steves ( online pseudonym Const) and accusing him of systematic betrayal of decentralization commitments. Covenant AI founder Sam Dèr revealed that Const recently took a series of repressive actions against his team: suspending token issuance for his subsidiary network, stripping it of management rights over its community channels, unilaterally abandoning the subsidiary infrastructure, and exerting economic pressure through large-scale, high-profile token sell-offs during the conflict. Covenant AI explicitly stated that the advertised Bittensor 'multi-signature management for three people' is essentially a 'decentralized theater' — Const actually controls the multi-signature, allowing him to bypass consensus and make unilateral changes, while other participants merely serve as scapegoats for legal liability. The statement was sharp: 'The core obligation of Bittensor — that no single individual can control it — is a lie.'