TAO Nears Triangle Breakout as AI Narrative Drives Volume to $389M
TAO holds above a key demand zone between $227-$233 as trading volume jumps to $389M. Resistance at $242 and $249 becomes critical as AI sector interest returns.

TAO holds above a key demand zone between $227-$233 as trading volume jumps to $389M. Resistance at $242 and $249 becomes critical as AI sector interest returns.

Fundstrat's Tom Lee argues that upcoming IPOs from SpaceX, Anthropic, and OpenAI could release trillions in new supply, but public markets have enough capacity to absorb it. He points to low institutional allocations to equities and early investors' hedging behavior.

TRM Labs said $3.84 billion in Iran-linked crypto moved through CoinEx between 2019 and 2026, with funds routed through intermediary wallets and annual Nobitex-CoinEx volume peaking at $763 million.

Vitalik Buterin said DeepSeek V4’s low-memory release can run without centralized servers, opening the door to local AI use that could support Ethereum privacy and more automated smart contract audits.

Dogecoin fell to a multi-week low of $0.126, while futures open interest dropped about 19% from Sunday. Exchange-held DOGE also rose 8.4% over 30 days as a bearish double top formed on the daily chart.

Bitcoin neared $60,000 after a record one-day capitulation event, while analyst Jacob King outlined a 16-step worst-case chain involving ETF outflows, frozen withdrawals, miner selling, and leverage stress.

Activist investor Starboard Value sent a letter to Riot Platforms demanding a pivot from Bitcoin mining to AI/HPC data centers. Riot's 1.7GW power assets and AMD deal are highlighted, with a potential equity value of $9B-$21B. If no action, Riot could become an acquisition target.

ADA consolidates around $0.16. Holding support is critical; a break above $0.17-$0.18 resistance could open the door to $0.20. Loss of $0.16 risks a drop to $0.15.
