bittensor

According to SoSoValue data, the cryptocurrency market sector saw some increases, with the AI sector rising 2.12% in 24 hours. Within this sector, Bittensor (TAO) increased by 2.10%, Fetch.ai (FET) rose by 6.01%, and Venice Token (VVV) surged by 21.89%. The DePIN sector rose by 1.90%, with Render (RENDER) increasing by 13.65%. Bitcoin (BTC) and Ethereum (ETH) maintained a sideways trend, hovering around $91,000 and $3,100, respectively.In other sectors, the DeFi sector rose by 1.22% in 24 hours, with MYX Finance (MYX) increasing by 10.63%; the Layer1 sector rose by 1.14%, with Canton Network (CC) increasing by 14.50%; the PayFi sector rose by 0.48%, with Monero (XMR) surging by 24.07%; the CeFi sector fell by 0.25%, with FTX (FTT) remaining relatively strong, rising by 3.10%; the Meme sector fell by 0.27%, while BUILDon (B) rose against the trend by 22.12%; the Layer2 sector fell by 1.20%, with Zora (ZORA) increasing by 3.14% during the session.The cryptocurrency sector indices reflecting historical market trends show that the ssiDePIN, ssiAI, and ssiNFT indices rose by 3.35%, 3.11%, and 1.10%, respectively.

The decentralized machine learning network Bittensor has officially partnered with the Web3 education and developer platform HackQuest to jointly launch the Bittensor × HackQuest: Build on Bittensor global developer program. This program focuses on Subnet development and aims to encourage global developers, researchers, and builders to systematically participate in the Bittensor decentralized AI ecosystem.Build on Bittensor is Bittensor's first developer program. The program will combine Bittensor's decentralized machine learning and Subnet architecture design with HackQuest's experience in developer education, local execution, and community organization, providing a complete participation path from learning to practice for developers from various backgrounds.This program continues the joint tour activities previously conducted in multiple cities and officially upgrades to a global developer tour (Bittensor × HackQuest Tour). Past events have attracted over 500 developers, university students, and AI researchers, facilitating in-depth discussions on decentralized AI, Web3 infrastructure, and the Bittensor Subnet mechanism, demonstrating the developer community's strong interest in real Subnet construction and mechanism design.As an important part of the Build on Bittensor program, both parties will launch the Bittensor Subnet Ideathon for the first time, open to global developers. Participants will design and build their own Subnet solutions around Bittensor's Subnet architecture, gaining practical understanding of decentralized incentives, miner and validator collaboration mechanisms, and have the opportunity to receive cash rewards, incubation, and subsequent ecosystem support.Additionally, for developers who are new to Bittensor, HackQuest will provide a structured learning path (Learning Track) covering the basic concepts of Bittensor, understanding of the Subnet mechanism, and practical development preparation, helping new developers smoothly transition from entry-level to participating in Subnet construction.In the future, Bittensor and HackQuest will continue to promote the Build on Bittensor series of activities globally, further expanding the developer base for decentralized AI and driving more Subnets from concept to real operation.

According to Crowdfundinsider, Grayscale Investments has submitted a preliminary registration statement to the SEC, proposing to launch an exchange-traded product focused on Bittensor. The trust is coded as GTAO and aims to provide investors with the opportunity to directly invest in Bittensor's native token, TAO, through regulated channels.The submitted S-1 filing marks the initial phase of converting the existing Grayscale Bittensor Trust into a spot ETF. If approved, GTAO will become the first ETP focused on TAO to be listed in the United States, allowing retail and institutional investors to gain investment exposure without directly holding the underlying crypto token.

Grayscale has submitted an S-1 filing to the U.S. SEC, intending to launch a spot ETF product tracking BitTensor (TAO), further expanding its cryptocurrency asset ETF product line.

According to the official announcement, Bittensor has completed its first halving event in history, reducing the daily token output from 7200 TAO to 3600 TAO.

According to The Block, Grayscale's Grayscale Bittensor Trust has begun trading on the OTCQX, a secondary market operated by OTC Markets Group Inc., under the ticker symbol GTAO.The trust has remained private since its establishment in August 2024, meaning it will now be open to a broader range of investors through a public offering. Additionally, Bittensor is expected to undergo a halving on December 14, which will reduce the token issuance allocated to network participants, thereby increasing the scarcity of TAO.

According to The Block, Grayscale research analyst Will Ogden Moore stated: "Bitcoin's history shows that even with reduced rewards, a decrease in supply can enhance network value, as Bitcoin's network security and market value have been strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks an important milestone in the network's maturation as it moves towards a supply cap of 21 million tokens."Moore noted that Bittensor is currently experiencing strong adoption momentum, with institutional interest on the rise. Moore pointed out that the dTAO launched in February this year is a significant achievement for Bittensor. This mechanism allows subnets to be directly invested in, leading to a substantial expansion of the total market capitalization of these subnets. Moore wrote: "We believe that the early success of certain subnet-based applications, the increase of institutional capital in the Bittensor ecosystem, and the upcoming TAO supply halving could all serve as positive catalysts for driving prices higher."Previously, it was reported that Bittensor will experience its first halving on December 14, when the daily issuance of TAO will be reduced to 3,600 tokens.

According to Cointelegraph, the AI project Bittensor will experience its first halving on December 14, when the daily issuance of TAO will decrease from 7,200 to 3,600.Bittensor is a decentralized open-source machine learning network built around specialized "subnets," creating a market for AI services through incentive mechanisms. Grayscale Research analyst William Ogden Moore described this event as a "key milestone in the network's maturation," as Bittensor moves towards a capped supply of 21 million tokens, adopting a fixed supply model similar to that of Bitcoin.

According to official news, TAO Financial Company TAO Synergies Inc. (NASDAQ: TAOX) announced that it has made an initial investment of $750,000 in the Bittensor subnet fund under Yuma Asset Management, thereby enhancing the company's investment in the Bittensor ecosystem subnet field.

ChainCatcher news, according to ZachXBT, has successfully identified a suspect in the Bittensor ($TAO) theft incident through investigation and received a bounty for its white hat actions. The case resulted in over $28 million being stolen from 32 TAO holders.ZachXBT traced the on-chain transfer records, Railgun privacy protocol flows, Avalanche bridging records, and unusual NFT laundering behaviors (such as purchasing anime NFTs at prices far above the floor price) to ultimately link to a former employee's address, revealing the path of the stolen funds.

ChainCatcher news, the US-listed TAO Financial Company TAO Synergies Inc. (NASDAQ: TAOX) announced the completion of a $11 million private placement financing. This round of financing was participated by existing shareholders, TAO strategic advisor James Altucher, and new investor DCG. The financing involves the issuance of 11,000 newly issued Series E convertible preferred shares, with a par value of $1,000 per share, convertible into common stock at a conversion price of $8 per share. At the same time, five-year common stock purchase warrants were issued, with an exercise price of $8 per share.James Altucher stated that this financing will further support the company's strategic investment in the TAO token, as well as potential opportunities to generate revenue and accumulate more TAO within the Bittensor ecosystem. The transaction is expected to be completed around October 15.

ChainCatcher news, Yuma, a subsidiary of Digital Currency Group focused on the decentralized AI network Bittensor, announced the establishment of an asset management department on October 9, with an initial investment of $10 million from DCG.The department will launch two flagship funds: the Yuma Subnet Composite Fund, which tracks all active subnets, and the Yuma Large Cap Subnet Fund, which focuses on large subnets.

ChainCatcher news, according to CoinDesk, the asset management division Yuman Asset Management has been launched by the development studio and accelerator of Bittensor, a decentralized artificial intelligence (deAI) network founded by Barry Silbert of Digital Currency Group (DCG), providing institutional and qualified investors with convenient access to the deAI ecosystem.Yuman Asset Management has secured a $10 million anchor investment from DCG and has launched two fund strategies for investment subnet tokens. DCG stated that the Yuma subnet composite fund aims to provide market-weighted risk exposure across all active subnets, similar to the "Nasdaq Composite Index" of subnet tokens. The Yuma large-cap subnet fund is akin to the "Dow Jones Industrial Average" of subnet tokens, aiming to provide targeted risk exposure to the largest subnets by market capitalization.

ChainCatcher news, according to the official announcement, Bithumb has launched Lombard (BARD) and BitTensor (TAO) KRW trading pairs.

ChainCatcher news, according to The Block, Nasdaq-listed company Oblong announced that it has staked $8 million worth of Bittensor (TAO) tokens to support the operation of the decentralized AI network. The company transformed in June to a "decentralized AI reserve strategy," focusing on accumulating TAO tokens and raised $8 million through stock warrants financing and public offerings.Data shows that the current price of Bittensor tokens is $354.67, with a market capitalization of $3.4 billion. Previously, another listed company, xTAO, held 41,538 TAO, worth $14.7 million, making it the largest public holder of the token.

ChainCatcher news, according to The Block, the publicly listed company xTAO, focused on the Bittensor ecosystem, disclosed on Wednesday that it holds 41,538 TAO tokens (currently worth about $15.8 million), making it the largest publicly traded holder in this AI crypto network.xTAO stated that it will earn approximately 10% annual yield through staking and plans to continue increasing its holdings. The company is led by former WonderFi exchange CEO Karia Samaroo and recently received an investment of 22.8 million CAD from institutions including DCG, but its stock price fell 10.24% to $1.49 on the same day.

ChainCatcher news, according to The Block, the publicly traded company focused on Bittensor, xTAO, announced today that it has received final approval to list its common shares on the Toronto Stock Exchange's Venture Exchange (TSX Venture Exchange, TSXV) in Canada. The company's stock will officially start trading on TSXV on July 23, with the stock code XTAO.U.Alongside this listing, xTAO has also completed a round of subscription receipt financing totaling $22.8 million, with investors including several digital asset venture capital firms such as Digital Currency Group (DCG), Animoca Brands, Arca, Borderless Capital, and FalconX. In May of this year, xTAO completed its initial public offering on TSXV.xTAO's primary goal is to support the development of the Bittensor ecosystem by developing high-value products such as data, computational power, and machine learning models. Its validator business will conduct quality assessments of these products and assist in connecting them with end-users and enterprise clients.

ChainCatcher message, based on SoSoValue data, due to the easing of tensions in the Middle East, Trump announced a ceasefire between Israel and Palestine, leading to a rebound in the cryptocurrency market, with an overall increase of about 3% to 13%. Among them, Bitcoin (BTC) rose 4.26% in 24 hours, once exceeding $106,000, currently reported at $105,000. Ethereum (ETH) increased by 7.37%, breaking through $2,400. In addition, the AI sector rose 13.44% in 24 hours, with Bittensor (TAO), Fetch.ai (FET), and Virtuals Protocol (VIRTUAL) increasing by 13.71%, 17.29%, and 18.52% respectively.It is worth noting that MAG7.ssi rose 7.12%, MEME.ssi rose 10.43%, and DEFI.ssi rose 11.18%.Other standout sectors include: the RWA sector rose 12.33% in 24 hours, with Ondo Finance (ONDO) and Plume (PLUME) increasing by 11.78% and 13.39% respectively; the NFT sector rose 10.88%, with Pudgy Penguins (PENGU) and Moca Coin (MOCA) increasing by 14.05% and 29.13% respectively.In other sectors, the Layer2 sector rose 10.17% in 24 hours, with Movement (MOVE) rising 34.66%; the DeFi sector rose 9.97%, with Jupiter (JUP) rising 15.78%; the Meme sector rose 9.15%, with SPX6900 (SPX) rising 17.64%; the Layer1 sector rose 6.12%, with Sui (SUI) rising 12.03%; the PayFi sector rose 6.22%, with Telcoin (TEL) rising 25.00%; the CeFi sector rose 2.85%.