BitTensor

Grayscale, a leading digital asset manager, has made a significant move in the cryptocurrency space by filing Form 10 with the SEC for its Bittensor Trust ($TAO). This filing marks the initial step toward becoming a reporting company under U.S. securities law, which could potentially reduce private placement holding periods from 12 months to 6 months. If successful, this would facilitate public trading on OTC markets and bolster institutional confidence in AI-driven crypto assets, paving the way for broader adoption of Bittensor’s decentralized AI network. The announcement was made via Grayscale's official X account, emphasizing the importance of increased accessibility, transparency, and regulatory standing. Should the SEC approve the Form 10, the Bittensor Trust will be required to file quarterly, annual, and current reports, similar to public companies. This level of transparency is expected to enhance investor trust in $TAO, the native token of Bittensor, which incentivizes AI model contributions through cryptocurrency. Grayscale's intent to seek public quotation of Bittensor Trust shares on OTC Markets further indicates its commitment to regulatory compliance and market legitimacy. The timing of this filing is particularly strategic, as AI-related tokens have seen significant growth, attracting both speculative and institutional interest. Bittensor operates as a decentralized AI marketplace, allowing developers to train models and earn $TAO based on performance. The trust provides institutional investors with a regulated investment vehicle to gain exposure to AI infrastructure without the complexities of managing data centers. Following the announcement, $TAO experienced a surge in trading volume, with analysts predicting continued bullish momentum as Grayscale's compliance efforts progress, potentially leading to increased liquidity and market activity for the token.

Bittensor has recently made headlines with an impressive 16.4% price surge within just 24 hours, significantly outpacing the broader cryptocurrency market, which saw a mere 0.08% increase. The TAO token's price jumped by 13.36% to reach $368.89, supported by a market capitalization of $3.71 billion and a trading volume of $228 million. This surge is attributed to a combination of fresh capital inflow and excitement across the sector, particularly following the launch of a new fund by Yuma Asset Management. As TAO breaks through crucial resistance levels, it is becoming a focal point for traders and investors alike. Analyzing the TAO price movement reveals a strong bullish trend. The 4-hour chart indicates that after a period of consolidation, the price has surged past key Fibonacci resistance levels, moving from $353.8 to a high of $377.8. This breakout is backed by significant trading volume, reinforcing the strength of the rally. Technical indicators are also showing bullish signals, with the Relative Strength Index (RSI) at 74.81, indicating strong momentum but also cautioning potential buyers about overbought conditions that could lead to corrections. The widening of the Bollinger Bands further suggests heightened volatility in the upward direction. Looking ahead, key price levels for Bittensor are crucial. Support is established at $353.8, while resistance is noted at $394.5. With institutional backing and a successful breach of major resistance, TAO appears poised for further upward movement. However, traders should remain vigilant for any signs of a short-term pullback, as the current overbought conditions could prompt corrections. Overall, Bittensor's recent performance highlights its potential as a significant player in the cryptocurrency landscape.

Barry Silbert, the founder of Digital Currency Group (DCG), has launched Yuma Asset Management, a new fund aimed at investing in artificial intelligence (AI) networks, particularly focusing on the Bittensor platform. Initially seeded with $10 million, Yuma is designed to support early-stage teams developing decentralized AI infrastructure. Silbert expressed a renewed excitement about the potential of Bittensor, stating that it represents a significant utility in AI, distinguishing it from what he terms as speculative "AI pretenders." The fund aims to provide institutional investors with structured exposure to the convergence of crypto and AI technologies. Silbert's enthusiasm for Bittensor is rooted in its ability to deliver practical applications, such as BitMind, a tool that identifies deepfake images. This focus on utility serves as a counterpoint to numerous crypto projects that he believes lack substantive technology and are merely capitalizing on the AI hype. Yuma's fundraising strategy is tailored for high-risk investors, targeting wealthy individuals and institutions willing to embrace the potential for total loss in exchange for the chance of monumental gains. The fund's structure is designed to appeal to institutional capital, with comparisons being drawn to established market indices like the Nasdaq and Dow Jones Industrial Average. The launch of Yuma comes at a pivotal moment following a tumultuous period for DCG, which has faced regulatory challenges, layoffs, and fraud allegations in the wake of the FTX collapse. This strategic move not only signifies Silbert's return to the forefront of the crypto landscape but also reflects a broader shift in the crypto-political climate post-presidential election. With Bittensor's market valuation currently around $3 billion, Silbert's ambition for Yuma appears to be both bold and calculated, aiming to harness the potential of AI in the evolving crypto ecosystem.

In a recent analysis by Phoenix Group and LunarCrush, Chainlink (LINK) has emerged as the leader in social engagement among decentralized physical infrastructure network (DePIN) projects. With a remarkable 15,200 engaged posts and 3.6 million interactions within a 24-hour period, Chainlink significantly outperformed its competitors, showcasing a vibrant community discussion around its protocol. This high level of engagement not only cements Chainlink's position at the top but also reflects the growing interest in decentralized infrastructure solutions. Following Chainlink, Bittensor (TAO) secured the second position with 9,700 posts and 876,800 interactions, indicating strong community momentum despite being far behind Chainlink. The Internet Computer Protocol (ICP) rounded out the top three with 4,200 posts and 300,600 interactions, demonstrating steady traction among its user base. Other notable projects like Arthera (ATH), which recorded 3,000 posts and 475,700 interactions, also showed significant community response, highlighting the diverse engagement levels across the DePIN landscape. The rankings also featured smaller projects such as Grass and Dione, which, despite lower posting activity, managed to attract considerable interactions, indicating a growing interest in emerging networks. The data underscores a trend where social metrics are becoming essential indicators of project momentum, as they reflect how well these projects resonate with their communities. As the DePIN sector continues to evolve, the increasing engagement from both established and emerging tokens suggests a vibrant future for decentralized infrastructure initiatives.

Bittensor (TAO) and Ethereum (ETH) are at the forefront of discussions among market analysts, with both cryptocurrencies showing promising potential for growth. Bittensor has set ambitious targets, with predictions suggesting a possible rise to $1000, driven by its AI-focused blockchain framework. Analysts highlight the importance of decentralized intelligence markets and increasing adoption as key factors that could help TAO reach this milestone. Currently, TAO is consolidating around strong support levels, indicating steady accumulation, although volatility remains a concern. For Bittensor to realize its ambitious projections, broader adoption and participation from larger players will be crucial. Ethereum, on the other hand, continues to maintain its central role in the cryptocurrency market. Recent analysis indicates that ETH has remained stable at critical levels, with the potential for a bullish breakout if it surpasses the $4,600 mark. The increasing inflow of ETFs and a burgeoning DeFi sector are contributing to Ethereum's resilience. On-chain activity is also supportive, with a rise in active addresses and strong staking demand. However, analysts warn that a significant upward movement will require robust trading volumes, particularly above $4,700, to sustain momentum into 2025. Meanwhile, BlockDAG (BDAG) is making strides in the presale space, having raised nearly $410 million and demonstrating real adoption through the delivery of over 19,900 miner units. With a presale price fixed at $0.0013 until October 1, BlockDAG is positioning itself as a strong contender in the market. Its infrastructure and community support are evident, with features that enhance transparency and engagement. As the project prepares for its exchange launch, its focus on tangible progress sets it apart from more speculative ventures, making it a noteworthy option for investors looking to buy and mine in 2025.

Karia Samaroo, the founder and CEO of xTAO, has been vocal about the necessity for decentralization in artificial intelligence (AI). In a recent interview, he emphasized that the current centralized nature of AI, predominantly controlled by major tech companies, poses significant risks. Samaroo draws parallels between Bittensor, a decentralized AI ecosystem, and Bitcoin, highlighting that both aim to eliminate centralization risks. By decentralizing AI, Bittensor allows for a more open and transparent system where users can access and contribute to AI models without the constraints imposed by a single authority. Samaroo points out that the Bittensor network operates as a “worldwide web of AI,” encompassing various subnetworks that address different challenges within the AI stack. This interconnectedness not only enhances scalability but also fosters an environment of open innovation where AI engineers can experiment and monetize their models freely. Unlike traditional AI models that require individuals to navigate through corporate hierarchies, Bittensor empowers users to directly engage with the network, thereby promoting a more inclusive and rewarding ecosystem. Furthermore, Samaroo discusses how decentralized AI can compete with data-rich models from big tech firms. By incentivizing crowdsourced data collection, decentralized networks can potentially match or exceed the quality of datasets controlled by major companies. He also addresses concerns regarding safety and bias in AI outputs, explaining that Bittensor incorporates validators to monitor and ensure the quality of outputs. This decentralized governance model allows participants to adjust incentives based on performance, fostering a system that is more representative and accountable to its users. Ultimately, Samaroo believes that decentralized AI can provide a fairer and more transparent alternative to the current centralized models, aligning better with user needs and expectations.