Market Updates: TAO Plummets 19% after Covenant AI Exit, U.S. Senators Probe Trump Memecoin, Aethir Contains Bridge Exploit Under $90K

TAO token plunged ~19% on April 10, 2026 after Covenant AI exited, putting near-term downward pressure on crypto token markets and investor sentiment. U.S. senators launched a probe into the “Trump memecoin,” raising regulatory scrutiny for memecoins, token launches and broader crypto compliance. DeFi protocol Aethir contained a bridge exploit with losses under $90K, a limited security incident that highlights persistent bridge risk but no major systemic compromise.