Trump is looking at resuming "limited military strikes" in Iran in addition to the US blockade of the Strait of Hormuz, per WSJ
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โก JUST IN: Iran is exploring the possibility of stopping uranium enrichment as a condition for ending the war, according to New York Post.
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โก JUST IN: Bitcoin has risen above Michael Saylor's average purchase price of $75,577 after previously being billions in the red.
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๐ฅ Covenant AI exits Bittensor, dumps TAO and sparks drama
Major drama unfolding around $TAO.
Covenant AI, the team behind several Bittensor subnets (SN3, SN81, SN39), announced theyโre leaving the ecosystem and publicly accused Bittensor founder Const of centralized control.
Key claims:
โก๏ธ Emissions to Covenant subnets were suspended
โก๏ธ Moderation rights over their own channels were removed
โก๏ธ Their subnet infrastructure was deprecated without consent
โก๏ธ Token sales were allegedly used as pressure during conflict
โก๏ธ Governance described as โdecentralization theatreโ with effective control still in one hand
At the same time, the team exited their position.
37,000 TAO (~$10M) sold.
Price dropped from $340 to $275.
Covenant AI and its trained LLM were one of the main drivers behind TAOโs recent rally, especially after being mentioned by NVIDIAโs CEO.
Major drama unfolding around $TAO.
Covenant AI, the team behind several Bittensor subnets (SN3, SN81, SN39), announced theyโre leaving the ecosystem and publicly accused Bittensor founder Const of centralized control.
Key claims:
โก๏ธ Emissions to Covenant subnets were suspended
โก๏ธ Moderation rights over their own channels were removed
โก๏ธ Their subnet infrastructure was deprecated without consent
โก๏ธ Token sales were allegedly used as pressure during conflict
โก๏ธ Governance described as โdecentralization theatreโ with effective control still in one hand
At the same time, the team exited their position.
37,000 TAO (~$10M) sold.
Price dropped from $340 to $275.
Covenant AI and its trained LLM were one of the main drivers behind TAOโs recent rally, especially after being mentioned by NVIDIAโs CEO.
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The market teaches the same lessons every cycle.
Those who buy the dip always end up happy.
Those who sell too early, end up in regret.
Take note.
Those who buy the dip always end up happy.
Those who sell too early, end up in regret.
Take note.
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๐ Insider trading in plain sight
An unknown trader bought $12M worth of S&P 500 call options just hours before Trump announced a ceasefire on Tuesday.
The position:
6,800 SPX 6950 calls (expiring May 8), opened when the index was at 6556.
After the announcement, equities jumped.
The trade turned into ~$35M, locking in about $23M profit in a single day.
At the same time, someone dumped ~8,600 lots of Brent and WTI futures worth ~$950M ahead of the news.
Oil dropped 15%, falling below $100 per barrel.
This isnโt the first time.
On March 23, traders sold ~$500M in oil futures just 15 minutes before Trump announced a delay in strikes on Iranโs energy infrastructure.
Same reaction: oil down ~15%.
Same pattern: positioning before headlines.
An unknown trader bought $12M worth of S&P 500 call options just hours before Trump announced a ceasefire on Tuesday.
The position:
6,800 SPX 6950 calls (expiring May 8), opened when the index was at 6556.
After the announcement, equities jumped.
The trade turned into ~$35M, locking in about $23M profit in a single day.
At the same time, someone dumped ~8,600 lots of Brent and WTI futures worth ~$950M ahead of the news.
Oil dropped 15%, falling below $100 per barrel.
This isnโt the first time.
On March 23, traders sold ~$500M in oil futures just 15 minutes before Trump announced a delay in strikes on Iranโs energy infrastructure.
Same reaction: oil down ~15%.
Same pattern: positioning before headlines.
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โก JUST IN: Iran has declared that it is ready to continue the war with the United States.
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๐ฅท Fake Ledger App Stole $9.5M
A fake Ledger app for macOS was listed on the App Store, stealing $9.5 million from users within days.
According to on-chain detective ZachXBT, over 50 people were affected.
The scam operated from April 7 to 13, granting attackers access to wallets and funds, with losses up to $4 million for one user.
The app has since been removed.
A fake Ledger app for macOS was listed on the App Store, stealing $9.5 million from users within days.
According to on-chain detective ZachXBT, over 50 people were affected.
The scam operated from April 7 to 13, granting attackers access to wallets and funds, with losses up to $4 million for one user.
The app has since been removed.
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GOLD UPDATE ๐
Gold is still trading around the 4790 zone, and right now the market looks slow and reactive.
We can see price rejecting the higher area near 4798โ4805, while support is still holding around 4782โ4785.
For now, gold is stuck in a small intraday range, so this is not the place to force entries.
We stay patient and wait for the market to show real direction.
Key levels to watch:
โข Above 4798/4805 = more upside momentum
โข Below 4782 = bearish pressure can increase
Until then, patience is key.
Let the market break first, then we follow the move. ๐ฅ
No need to chase in the middle.
Clean setup = better entry = better result.
Want to catch these moves live with us?
CHECK THIS SPACE FOR UPDATES ๐
Gold is still trading around the 4790 zone, and right now the market looks slow and reactive.
We can see price rejecting the higher area near 4798โ4805, while support is still holding around 4782โ4785.
For now, gold is stuck in a small intraday range, so this is not the place to force entries.
We stay patient and wait for the market to show real direction.
Key levels to watch:
โข Above 4798/4805 = more upside momentum
โข Below 4782 = bearish pressure can increase
Until then, patience is key.
Let the market break first, then we follow the move. ๐ฅ
No need to chase in the middle.
Clean setup = better entry = better result.
Want to catch these moves live with us?
CHECK THIS SPACE FOR UPDATES ๐
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๐๐ Welcome to Velmora FX Trading
๐Gold โข Forex โข Crypto Market Intelligence
Inside this channel: โข High-quality market breakdowns & trade setups
โข Strategy explanations built on real market structure
โข Risk management and disciplined execution
โข A focused community of traders improving daily
๐ We donโt chase the marketโwe read it...
๐Gold โข Forex โข Crypto Market Intelligence
Inside this channel: โข High-quality market breakdowns & trade setups
โข Strategy explanations built on real market structure
โข Risk management and disciplined execution
โข A focused community of traders improving daily
๐ We donโt chase the marketโwe read it...
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