The DePIN Explorer - DePIN Scan

Recent developments in the cryptocurrency market highlight significant movements for Hedera (HBAR), Bittensor (TAO), and BlockDAG (BDAG). Hedera has recently broken out past the $0.215 mark, currently trading around $0.238 after a period of sideways movement. Analysts suggest that this bullish momentum could continue if Hedera manages to surpass the next key resistance level. The recent chart analysis indicates a strong bullish candle with over 23% gains, suggesting that buying pressure is holding at these elevated levels, potentially leading to further price increases. Bittensor (TAO) has also shown impressive price performance, recently crossing the $400 threshold and now trading near $413. This increase is attributed to the growing interest in AI-driven projects, with Bittensor's market cap reaching $3.88 billion. Despite its recent gains, the token still trades 45% below its all-time high of $767.68, indicating potential volatility ahead. Observers are optimistic about a possible target of $600, reflecting the strong demand for AI-powered cryptocurrencies. In a noteworthy development, BlockDAG has introduced a 10-day No Vesting Pass, allowing buyers immediate access to their coins upon purchase, a stark contrast to traditional presale models that involve delayed ownership. Currently priced at $0.0016, well below its anticipated launch value of $0.05, BlockDAG has already raised over $342 million and sold 24 billion coins. This innovative approach emphasizes user control and transparency, making it an attractive option for investors looking for immediate ownership and potential high returns as the market evolves.

TAO Synergies Inc., a Nasdaq-listed company, has made a significant move by acquiring 29,899 Bittensor tokens, known as TAO, for $10 million. This acquisition, completed at an average price of approximately $334 per token, has already seen a rise in value, with the tokens trading around $415 on July 18, 2025, bringing the total worth to approximately $12 million. The firm has committed to staking 100% of its TAO holdings to earn rewards from Bittensor's decentralized AI network, which aims to enhance shareholder value through token yield. Executive Chairman Joshua Silverman expressed confidence in the future of decentralized AI, likening its growth trajectory to that of early internet and Bitcoin adoption. He emphasized that the firm views decentralized AI as a sector poised for substantial growth, potentially surpassing centralized AI in terms of market share. This strategic acquisition aligns with a broader trend among U.S. micro-cap companies that are diversifying their treasury assets beyond Bitcoin, with other firms like SharpLink Gaming and BitMine Immersion also making significant investments in cryptocurrencies. Previously known as Synaptogenix, TAO Synergies rebranded and changed its ticker to TAOX in June to focus on its Bittensor strategy. With a current market capitalization of $13 million, the company's shares experienced a notable increase of over 4% in pre-market trading following the announcement. This move not only reflects a growing interest in decentralized finance but also highlights the evolving landscape of investment strategies in the cryptocurrency space, particularly among smaller public companies.

On July 19, 2025, Theta Labs announced a significant partnership with the Security of Emerging Computer Systems And Technologies (SECSAT) Lab at George Mason University (GMU). Led by Assistant Professor Xiaokuan Zhang, Ph.D., the SECSAT Lab will utilize Theta EdgeCloud Hybrid to enhance its research in system security and privacy. This collaboration aims to address critical security challenges in emerging technologies such as eXtended Reality (XR), Decentralized Finance (DeFi/Web3), and memory-safe programming languages like Rust. Professor Zhang's SECSAT Lab is recognized for its innovative projects, including VPVet, which automates the vetting of privacy policies in virtual reality applications. The lab's research has received numerous accolades, highlighting its contributions to the fields of cybersecurity and privacy. By leveraging Theta's hybrid GPU platform, the lab aims to scale its research efforts efficiently, utilizing a combination of cost-effective NVIDIA GPUs and high-performance models to explore advanced AI-driven security testing and blockchain infrastructure analysis. The partnership with GMU adds to Theta EdgeCloud Hybrid's growing network, which includes 22 universities and various professional sports teams. The SECSAT Lab will focus on XR security, cross-chain bridge behavior in DeFi, and enhancing memory safety in Rust systems. Mitch Liu, CEO of Theta Labs, emphasized the advantages of decentralized infrastructure over traditional centralized cloud providers, noting that Theta EdgeCloud Hybrid stands as a leading solution for decentralized cloud computing, poised to challenge established giants like Microsoft and Amazon in the AI and blockchain sectors.

This week, several altcoins are experiencing significant gains, with Cardano (ADA) and Bittensor (TAO) leading the charge. Cardano has surged approximately 27-30% and is now targeting a price of $1.62, following a breakout from a bearish trend. With its price currently around $0.74 and a market cap of $26.01 billion, ADA is closing in on Tron’s market position. Analysts are optimistic, projecting potential price milestones of $0.86, $1.62, and even $2.65, bolstered by a 16.65% increase in trading volume that reflects renewed investor interest. Bittensor (TAO) is also making headlines, having climbed above the $420-$435 range after breaking through the critical $400 resistance level. This represents a remarkable recovery from its June low of $220, nearly doubling its value. With a daily gain of 6% and an 80% increase in trading volume, TAO is showing strong bullish patterns, including a double bottom formation. Analysts are now eyeing resistance zones at $500-$520 and a longer-term target of $1,000, as long as TAO maintains its position above $415. Meanwhile, BlockDAG is quietly outperforming its competitors, driven by high-profile sports partnerships and a unique GLOBAL LAUNCH release offer. With backing from UFC champion Alex Pereira and partnerships with clubs like Inter Milan and the Seattle Orcas, BlockDAG is gaining cultural traction in the sports world. The recent fundraising of $341 million and a special offer price of $0.0016 for its coins until August 11 suggests a potential return of 3,025% based on its launch target. This positions BlockDAG as a formidable contender in the crypto market, potentially making it the biggest gainer of the week.