BlockDAG Gains Momentum as Filecoin and XLM Struggle

Bittensor (TAO) has experienced a significant price surge of up to 33% following Grayscale's recent filing of a Form 10 with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust. If this filing is approved, the trust will begin reporting like a public company, which includes submitting 10-K and 10-Q forms with audited financials. This development could shorten private placement lockups from 12 months to 6 months and facilitate over-the-counter (OTC) quotations. Such regulatory clarity is expected to attract new liquidity into TAO, legitimizing it for institutional investors seeking exposure to decentralized AI infrastructure without the complexities of custody management. The technical analysis of TAO indicates a strong rebound from a support level of $315, with the price now holding above $410, marking its highest level in weeks. This upward movement has confirmed a breakout from a year-long falling-wedge pattern, suggesting bullish momentum. Key momentum indicators, such as the RSI and MACD, support this positive outlook, indicating that the rally is primarily driven by spot trading. Immediate support levels are established at $380, $355, and $327, with the potential for a run towards $500 if the price maintains above $405. Institutional interest in TAO has been on the rise, with significant acquisitions reported since July. Companies like TAO Synergies and xTAO have collectively acquired approximately 83,649 TAO, valued at around $26–27 million, with some of these holdings staked for double-digit yields. This accumulation is expected to reduce circulating supply and strengthen the asset's market position. Overall, the combination of Grayscale's SEC filing, ongoing institutional accumulation, and positive technical signals paints a bullish outlook for Bittensor (TAO), with analysts suggesting that if momentum continues, targets between $700 and $900 could be achievable in the near future.

TAO Synergies, a company focused on the Bittensor ecosystem, has successfully raised $11 million through a Series E financing agreement. This funding was secured via a securities purchase agreement that involved the sale of 11,000 shares of newly issued Series E convertible preferred stock, each valued at $1,000. The financing aims to bolster the firm's strategic investments in Bittensor tokens and other revenue-generating opportunities. Notably, the agreement saw participation from existing investors and a new partner, Digital Currency Group (DCG), and is expected to close around October 15, 2025, pending standard closing requirements. James Altucher, the digital asset strategy advisor for TAO Synergies, played a significant role in this financing deal. He emphasized that the funding would empower the company to continue its strategic investments in Bittensor tokens and related projects. The firm is committed to staking the TAO tokens it acquires, which not only generates rewards from the Bittensor network but also enhances its stake in this burgeoning ecosystem. This strategic pivot reflects TAO Synergies' transition from its previous identity as Synaptogenix to a player in the cryptocurrency and AI sectors, aligning with its new ticker symbol, TAOX. Following the announcement of the financing deal, TAO Synergies experienced a remarkable 38.46% surge in its stock price, reaching $9.54 per share. This increase occurred after market hours, and over the past month, the stock has climbed 60%, indicating heightened investor interest. With a current market capitalization of $33.27 million, TAO Synergies stands as the largest publicly traded holder of Bittensor, holding over $18 million in TAO tokens. The recent funding positions the firm to strengthen its presence in the Bittensor ecosystem while exploring further growth opportunities in the intersection of AI and blockchain technologies.

The cryptocurrency market has recently experienced a significant recovery, bouncing back from a sharp decline that wiped out approximately $900 billion in value. This downturn was triggered by President Trump's threat of imposing 100% tariffs on Chinese goods, which led to Bitcoin plummeting to near $100,000 and resulted in around $7 billion in liquidations within just an hour. However, macro investor Raoul Pal described this event as a typical "flash crash," which often clears excess leverage from the market and sets the stage for a subsequent rally. As of now, Bitcoin has rebounded to over $115,000, while Ethereum has also regained its position above $4,100. Among the cryptocurrencies benefiting from this recovery are Mantle (MNT) and Bittensor (TAO). Mantle has surged by 31% in the past day, reaching $2.20, with trading volumes increasing by 117% to over $1.1 billion. The project has seen a significant rise in on-chain activity, with active addresses doubling last week, driven by demand for staking and bridge inflows. Meanwhile, Bittensor has climbed 33% to around $420, bolstered by Grayscale's filing for a Bittensor Trust and a $10 million investment from DCG. Both projects are at the forefront of the decentralized AI narrative, attracting renewed investor interest. As the market shifts towards altcoin rotation, several projects are emerging as potential beneficiaries of the ongoing bullish conditions. Bitcoin Hyper (HYPER) aims to address Bitcoin's scalability issues with a Layer-2 network utilizing zk-rollups, while Synthetix (SNX) is making a comeback with its Perps V3 launch, allowing users to trade synthetic assets. Additionally, Best Wallet Token (BEST) is gaining traction with its non-custodial wallet that supports over 60 blockchains, offering unique features like no seed phrases and high staking yields. These projects are worth watching as they align with the current trends in the crypto market.

The cryptocurrency market is experiencing a significant rebound today, following last week's historic crash triggered by President Trump's unexpected 100% tariffs on Chinese imports, which led to nearly $19 billion in liquidations. Bitcoin is leading the recovery, climbing over 3% to approach $115,000, while other major tokens like Ethereum are seeing gains between 10% to 20%. This positive shift comes as traders begin to buy the dip, indicating a belief that the worst of the trade war tensions may be behind us. A key factor behind today's surge is President Trump's calming message, where he reassured investors with a post stating, "Don’t worry about China, it will all be fine!" This softer tone toward China has eased global fears and reignited optimism among investors. Additionally, institutional demand is playing a crucial role in the market's recovery. Grayscale's recent filing to launch a Bittensor (TAO) Trust aims to attract large investors into AI-linked crypto assets, while Morgan Stanley's expansion of Bitcoin access for its wealth clients marks a significant step towards mainstream adoption. Moreover, Bitcoin ETFs continue to be a bullish force in the market. BlackRock's IBIT ETF has now surpassed the $90 billion mark in assets under management, reflecting strong institutional inflows despite recent volatility. Altcoins are also bouncing back, with Ethereum trading above $4,130 and other cryptocurrencies like XRP, Solana, BNB, and Dogecoin seeing gains between 10% and 20%. Traders are optimistic as technical indicators suggest a market reversal, supported by on-chain data showing increased whale accumulation and a reduction in negative funding rates, indicating potential for further upside in the coming days.

IoTeX has recently announced a token buyback program and new liquidity partnerships in response to a market maker incident that temporarily disrupted trading and caused its price to plummet to near-zero on Binance. In a post on October 13, IoTeX clarified that the 'zero price' event, which occurred on October 10-11, 2025, was due to a malfunction of a third-party market maker and not a protocol exploit. Importantly, the network's core services, including the ioPay wallet, ioTube bridge, and DePINscan, remained fully operational, ensuring that no user funds were affected during the incident. The team explained that the issue was a user interface display problem rather than an actual market crash. Binance confirmed that the displayed '0.0000' IOTX price was a result of reduced decimal precision on certain trading pairs combined with extreme volatility that triggered long-standing limit orders. Throughout the market-wide sell-off, Binance's spot and futures engines operated normally, and the exchange compensated users affected by de-pegging or delayed redemptions within 24 hours, amounting to approximately $283 million across various assets. In light of the situation, IoTeX is collaborating with centralized exchanges and market-making partners to enhance liquidity and prevent future disruptions. To restore confidence among long-term holders, the foundation has initiated token buybacks and community reward programs. Following the incident, IOTX experienced a decline of about 15-20%, dropping from $0.015 to $0.0125, amidst a broader market downturn. However, trading volume surged past $24 million within 24 hours, and the token stabilized around $0.013 by October 13. The community's initial caution was alleviated by IoTeX's transparency and prompt communication, which helped restore trust among users as they praised the team's swift actions.

The Grass Foundation is an innovative project that operates as a Decentralized Physical Infrastructure Network (DePIN) on the Solana blockchain. It enables users to earn passive income by sharing their extra bandwidth, which is utilized for the development of artificial intelligence tools. With over 2 million active users, the platform has garnered attention, but it has also faced skepticism due to various scams impersonating the project. This article aims to clarify the legitimacy of the Grass airdrop and provide a comprehensive guide for interested participants. The Grass airdrop functions similarly to other DePIN projects, rewarding users for their contributions of bandwidth. Participants can earn Grass Points by installing the Grass App or a web extension, which can later be converted into GRASS tokens. To be eligible for the airdrop, users must have a compatible device and a legitimate wallet address. However, the system is vigilant against fraudulent activities, and any detected misconduct may result in penalties, including the withholding of tokens. Despite the project's rapid growth and backing from reputable investment firms, users are advised to ensure they are accessing the official Grass website to avoid scams. The Grass Foundation has successfully conducted multiple airdrop campaigns, distributing a total of 100 million GRASS tokens to eligible participants. With the recent launch of its mainnet, the airdrop remains active, and the process for claiming Grass Points has been simplified. Users can easily withdraw their earnings by directing the system to transfer GRASS tokens to their wallets. While the Grass Foundation appears to be a legitimate project, potential participants should conduct their own research to verify its authenticity and understand the risks involved in the airdrop process.