AI Agent Tokens Surge 39.4%, Leading Crypto Market’s Comeback

BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer. Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise in both traditional finance and cryptocurrency markets to his new role.

As BTCC approaches its 14th anniversary in June, Dan Liu’s appointment as CEO marks a new chapter for the exchange. Under his leadership, BTCC aims to build upon its legacy as the world’s most established crypto exchange while pursuing sustainable growth. This vision will carry BTCC confidently into the future, elevating the platform beyond traditional security to drive meaningful industry evolution.

From Research Visionary to CEO

Since joining BTCC in 2019, Liu has been instrumental in the exchange’s rapid growth and innovation in the cryptocurrency space. As a dynamic young leader, he previously served as Chief Research Officer at the exchange. With his strategic vision over the years, BTCC expanded its services to users from over 160 countries and significantly enhanced its product offerings in both futures and spot trading markets while maintaining high security standards.

Liu’s forward-thinking approach to market dynamics has made him a sought-after and respected voice in the cryptocurrency space, with regular features in prominent crypto media outlets including Cointelegraph, Markets Insider, and Japanese publication Monthly Digital Assets.

“I am deeply honored to lead BTCC Exchange at such a pivotal time for both our platform and the broader cryptocurrency ecosystem,” said Liu. “My crypto journey began back in 2013, and that early passion has only grown stronger over the years. As we celebrate our 14th anniversary this year, I’m excited to combine my background in traditional finance with my love for blockchain innovation. We remain committed to bridging these two worlds, continuing to build trust within the community while accelerating our global expansion.”

Building on Legacy, Focused on Future

Since joining BTCC in 2019, Liu has guided the exchange through various market conditions while driving innovation and growth. His leadership has positioned BTCC as an industry pioneer across multiple market cycles.

One of Liu’s most notable contributions was leading the launch of Tokenized Futures, an innovative financial product rarely seen in the industry. This bold step bridged the gap between traditional finance and blockchain technology and positioned BTCC as a forward-thinking exchange.

Additionally, under Liu’s strategic guidance, BTCC launched its highly successful Copy Trading feature, which has received exceptional user engagement and positive feedback. This feature provides an accessible entry point for those exploring cryptocurrency markets, aligning perfectly with BTCC’s mission of making digital asset trading more inclusive.

With his academic background in conventional markets, Liu brings valuable analytical skills to the evolving cryptocurrency space. His leadership represents a new approach where trust, transparency, and blockchain technology work together.

Looking ahead, Liu’s focus is on global expansion while navigating increasingly diverse regulatory standards across markets. “One of my most important missions is educating the general public about cryptocurrency and making trading accessible to everyday users,” Liu explains. To support this vision, he plans to deepen BTCC’s community connections by attending global industry events and creating direct dialogue with users and partners across different markets—insights that will help shape the platform’s future and inform regional strategies.

Under Liu’s leadership, BTCC Exchange is poised to continue its legacy as one of the most trusted, secure, and innovative cryptocurrency exchanges globally.

About BTCC

Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

Website | X

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Arizona lawmakers have approved House Bill HB2324, which, if Governor Katie Hobbs signs it, could become the state’s second law establishing a Bitcoin reserve. The bill creates a reserve fund for assets, including Bitcoin, seized through criminal asset forfeiture.

This legislative shift responds to prior vetoes by avoiding direct state investment in digital assets. Instead, the bill focuses on placing forfeited assets into a reserve fund, introducing a new approach to cryptocurrency regulation in Arizona.

Key Features of HB2324

HB2324 strictly creates a reserve for assets obtained through criminal forfeiture. Unlike previous efforts that aimed for direct state investment in digital currencies, this approach addresses concerns from the executive branch. Supporters contend this measured strategy could help the bill become law.

Residents and industry experts can review the bill’s text and legislative status on the Arizona Legislature’s official portal. By adopting a less aggressive approach, lawmakers hope to avoid earlier obstacles and establish responsible asset management.

Previously, attempts to create a Bitcoin reserve either failed or were vetoed. This version of the bill contains no provision for speculative cryptocurrency investments; assets come solely from law enforcement seizures during investigations.

This highlights Arizona’s continued experimentation with cryptocurrency governance. The legislation encourages innovation while addressing executive scrutiny from previous cycles.

Why This Bill Has a Better Chance

Arizona’s experience with Bitcoin legislation demonstrates both ambition and caution. Previous bills proposing direct state ownership of crypto rarely survived to become law. Analysts note that HB2324’s use of current forfeiture frameworks marks a meaningful change.

“Arizona passes it’s fourth bitcoin reserve bill. For the first three, it was one enacted, two vetoed. This one doesn’t involve investment per se (it creates a fund out of criminal forfeiture assets), so has a better chance of being signed by the governor.”Julian Fahrer posted

Given this background, the bill is more likely to secure executive approval. Focusing on seized assets puts Arizona ahead in regulatory oversight while digital assets increasingly intersect with banking and law enforcement nationwide.

If enacted, Arizona would join other states prioritizing measured, compliance-first digital asset adoption instead of riskier direct investments.

The final step is Governor Hobbs’ decision. Many observers expect her previous concerns, which led to earlier vetoes, to be minimized due to the structured approach of this bill. Still, technology advocates, law enforcement, and policymakers are watching carefully.

Arizona’s move mirrors a broader trend: states are integrating digital assets into fiscal operations while striving to build public trust. By relying on criminal asset forfeiture, HB2324 might provide a model for gradual, responsible integration of emerging technology.

Regardless of the outcome, the debate and legislative process will shape Arizona’s future cryptocurrency regulations.

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Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network.

Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration.

Chutes

Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly through their platform or via an API, making it simple for developers to integrate AI into their applications without needing to manage the underlying infrastructure. 

In terms of performance, the token’s price has increased by approximately 170% over the past month. Since late March, the subnet token has seen a substantial rally, driving its market capitalization to surpass $100 million.

“Bittensor TAO has its first $100 million subnet, just 9 weeks after dTAO launch. Congrats Chutes (SN64)! Chutes is ‘serverless AI’ providing ‘instant on’ AI model hosting (DeepSeek, Mistral, etc.) for 85% less cost than AWS,” a user highlighted on X.

Nonetheless, the high was followed by a slight correction. Since mid-April, the token has been trading more steadily. At press time, it traded at $115.4 (0.35 TAO), representing a weekly decline of 12.1%. In addition, its market cap has also dipped to $93.7 million.

It is worth noting that Chutes is one of three subnets developed by Rayon Labs on Bittensor, alongside Gradients and Nineteen. The former is next on the list.

Gradients

The Gradients subnet is designed to make AI model training accessible to everyone. It leverages the Bittensor network’s decentralized infrastructure, allowing users to easily train AI models with minimal effort, even without prior AI knowledge. Its latest version (V3) was launched on April 15.

Impressively, its gains even surpass Chutes. Its price has appreciated by over 550% in the last month.

“Gradients has pumped 500%+ in just a couple of weeks,” an analyst observed on April 2.

Yet, much like Chutes, the subnet token also saw a correction, which caused it to shed 30.7% of its gains over the past week. At press time, Gradients’ trading price stood at $54.1 (0.16 TAO).

Despite this, the community’s optimism remains quite strong.

“Subnets created by Rayon Labs now account for over a quarter of emissions on Bittensor. This is what happens when a world class team builds with conviction and actually delivers. The network rewards those shipping real products and bringing real value,” the analyst added.

Targon

Lastly, the Targon subnet is a decentralized infrastructure within the Bittensor network, specifically designed to support a marketplace for digital commodities related to AI. As a decentralized system, Targon enables AI models to interact, process, and generate information across various data types and formats without relying on a centralized authority. 

This infrastructure enhances AI’s ability to understand context and relationships in data, leading to more effective and efficient human-AI interactions.

“Targon stands out as one of the strongest subnets in the ecosystem,” a user claimed.

Nevertheless, the subnet token has seen the smallest gains compared to its counterparts. Its value has appreciated by around 60% over the course of the last month. It faced a correction in early April. After a slight recovery, the declines resumed.

At press time, the token’s price was $52.4 (0.15 TAO), a downtick of 19.3% over the past seven days.

As more developers and businesses explore decentralized AI solutions, Bittensor’s ecosystem is likely to expand. The ongoing evolution of these subnets will be crucial in shaping the future of AI infrastructure, and monitoring future developments could likely reveal new opportunities within the decentralized AI market.

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