Bittensor (TAO) Sees Record Open Interest and Bullish Momentum

Binance Alpha is set to launch a series of exclusive airdrops for three innovative projects: Nubila Network (NB) on October 31, Marina Protocol (BAY) and Audiera (BEAT) on November 1. This initiative is designed to reward eligible users who have accumulated enough Alpha Points, a reward system that incentivizes active participation within the Binance ecosystem. Users can claim their tokens on the Alpha Events page once trading opens, making it essential for participants to engage in trading and other activities to gather sufficient points ahead of the airdrop dates. Nubila Network aims to create a "physical perception layer" for the autonomous economy and AI by collecting real-world data through sensors that monitor various environmental factors. This data is then validated and anchored on-chain, ensuring transparency and reliability for AI applications and smart contracts. Recently, Nubila raised $8 million in a seed funding round, bringing their total funding to $10.5 million, and they currently operate over 20,000 sensors and 16,000 validator nodes across more than 120 countries, targeting sectors like prediction markets and AI-driven finance. Marina Protocol is a marketing infrastructure platform that transforms traditional marketing campaigns into Web3 initiatives, allowing users to engage in gamified activities while earning rewards. With 1.3 million users across 200+ countries, Marina's recent funding of $1.68 million will help enhance their smart-contract-based reward system. Meanwhile, Audiera is revolutionizing the rhythm and dance game genre in Web3, boasting over 3.2 million registered wallets and a unique "dance to earn" model. As these projects highlight the diverse applications of blockchain technology, the upcoming airdrops present a valuable opportunity for crypto enthusiasts to engage with innovative solutions in the space.

Crypto.com has recently applied for a national trust bank charter, allowing it to operate as a regulated bank in the United States. This move is expected to enhance the exchange's credibility and competitiveness in the market. Meanwhile, the Bittensor community is celebrating the approval of TAO's ETP, a significant milestone for the artificial intelligence project. With the AI sector projected to grow 25 times by 2030, institutional investors are keen to tap into this promising market, and those who invested in TAO five years ago have seen their investments soar by 100 times. The crypto market appears to be entering an "ETP season," with multiple announcements of exchange-traded products (ETPs) occurring simultaneously. Notable launches include the TAO ETP by Safello in partnership with Deutsche Bank, the Toncoin ETP by CoinShares, and Grayscale's Solana ETP. ETPs provide a government-approved way for institutional investors to gain exposure to cryptocurrencies without holding the tokens directly. This trend is likely to continue, with more cryptocurrencies expected to receive ETPs in the coming weeks, including Doge and XRP. Among the top cryptocurrencies to consider are DeepSnitch AI, Bittensor (TAO), and Crypto.com (CRO). DeepSnitch AI is gaining traction with its presale, which has raised over $475,000 and surged by 37%. The project aims to democratize information for small investors through its AI intelligence dashboard. Bittensor remains a strong contender in the AI space, while Crypto.com is benefiting from its partnership with Trump Media and its bank charter application. As the market evolves, these projects present significant opportunities for investors looking for substantial returns in the near future.

As the cryptocurrency market transitions from a volatile October, November is shaping up to be a promising month with historical average gains exceeding 40%. Market analysts are particularly optimistic about several key players, including Bittensor, Polkadot, Solana, and the emerging PayFi solution, Remittix (RTX), which are expected to yield significant returns for investors. Bittensor (TAO) has emerged as a standout token, experiencing a remarkable 40% price increase over the past month. This growth is attributed to a robust ecosystem and a shift in staking behavior, which has generated heightened interest in subnet tokens. Analysts predict that if the bullish trend continues, Bittensor could potentially reach a price of $470, making it a focal point for investors looking for high returns. Polkadot is also making strides with governance reforms that limit its total supply to 2.1 billion DOT and enhance its treasury management through a decentralized autonomous organization (DAO). With over $3 billion in total value locked (TVL) across its parachains, Polkadot is establishing itself as a multichain economy. Experts forecast a price range between $4.01 and $13.90 by 2025, driven by its technical capabilities and real-world integrations. Meanwhile, Solana is leveraging institutional demand with the approval of spot ETFs in Hong Kong, which could significantly boost its price. Lastly, Remittix is gaining traction as a revolutionary PayFi solution, having raised over $27.7 million and confirmed listings on major exchanges, indicating strong institutional interest and retail engagement.

WeatherXM is embarking on a transformative journey with its new Targeted Rollouts, aimed at establishing the world’s first community-powered weather intelligence network. This initiative seeks to convert underrepresented areas into live weather stations, providing real-time meteorological data. By integrating thousands of ground stations with local sensors, WeatherXM is building a decentralized climate infrastructure that promises transparency and verifiability. The upcoming NFT sale will play a crucial role in this expansion, as each NFT minted will contribute to the establishment of WeatherXM stations in regions like Africa, India, and Latin America, enhancing data availability and fostering a sustainable climate economy. The impact of WeatherXM’s decentralized approach has already been demonstrated through successful partnerships. For instance, a collaboration with BLCK IoT in Kenya has resulted in improved flood modeling accuracy by over 30% and enhanced agricultural yields by up to 18%. Similarly, the DePIN SA initiative in South Africa has expanded coverage with 320 stations, improving local environmental planning and disaster preparedness. In India, the Dabba Network has connected 830 WeatherXM stations to internet hotspots, providing critical weather information to local communities. These deployments highlight the effectiveness of WeatherXM’s model in creating a global network of climate intelligence, enabling better forecasting and informed decision-making. The upcoming NFT sale, set to launch on Base, will feature a phased approach, starting with a waitlist for early supporters. Participants can secure NFTs that represent actual WeatherXM stations, with the potential for rewards based on verified meteorological data. Additionally, the WeatherXM DAO will enhance $WXM rewards, and supporters can stake their NFTs for passive income. This initiative not only incentivizes community involvement but also reinforces the reliability of WeatherXM’s data network. As WeatherXM continues to grow, it invites individuals to join the movement and contribute to a decentralized, data-driven climate network that benefits everyone.

Safello is making significant strides in the crypto investment landscape by launching its first staked TAO exchange-traded product (ETP) in collaboration with Deutsche Digital Assets (DDA). Set to debut on the SIX Swiss Exchange on November 19 under the ticker STAO, this innovative product will allow investors to gain regulated exposure to Bittensor while earning staking rewards. The ETP is designed to cater to both retail and institutional investors, marking a pivotal moment for Safello as it ventures into the ETP market with a management fee of 1.49%. This move highlights the growing interest in tokenized, yield-generating ETPs linked to blockchain and AI networks. The Safello Bittensor Staked TAO ETP is physically backed by TAO, securely held in cold storage by a regulated custodian. Investors will benefit from automatic reinvestment of staking rewards, which adds an attractive layer to the investment. The ETP tracks the Kaiko Safello Staked Bittensor Index, providing a comprehensive view of TAO’s staking performance and market activity. This structure is similar to existing physically backed ETPs for Bitcoin and Ethereum, but with a unique focus on the staking returns generated by Bittensor’s AI-linked ecosystem. Safello's CEO, Emelie Moritz, emphasized that this listing is a crucial milestone for the company, as it aims to bridge traditional finance with blockchain innovation. The collaboration with DDA not only ensures regulatory compliance but also enhances the product's credibility in the market. As the demand for secure and regulated exposure to digital assets continues to rise, Safello's TAO ETP is poised to attract attention from a diverse range of investors seeking to explore the potential of staking-based digital assets in a regulated environment.

Powerledger has successfully integrated Wormhole’s Native Token Transfers (NTT) standard, allowing its POWR token to function as a multichain asset. This integration marks a significant milestone, enabling POWR to exist natively on both Ethereum and Solana without the need for wrapped or synthetic tokens. By leveraging this approach, Powerledger aims to enhance user experience and maintain the authenticity of the POWR token across multiple blockchains. The decision to expand to Solana was driven by the desire to provide users with more flexibility and access to a high-speed, low-cost transaction environment, complementing Ethereum's robust DeFi ecosystem. The advantages of using Wormhole’s NTT over traditional bridging solutions are substantial. Unlike typical bridges that create wrapped versions of tokens, which can lead to liquidity fragmentation, Wormhole’s NTT allows POWR to be deployed natively on each blockchain. This ensures that the POWR token remains consistent across networks, preserving its integrity and value. Additionally, the NTT standard simplifies the user experience, allowing for seamless cross-chain transfers and reducing potential confusion among users regarding token versions. This unified approach enhances liquidity and pricing efficiency, making it a strategic choice for Powerledger as it looks to expand further into other blockchains. The collaboration with Wormhole not only enhances the POWR token's functionality but also aligns with Powerledger's mission to democratize access to energy markets globally. By enabling easy cross-chain transfers and providing users with the flexibility to choose their preferred blockchain, Powerledger is empowering its community. This multichain rollout is a testament to the potential of cross-chain innovation, showcasing how collaboration can lead to improved user experiences and greater adoption of blockchain technology in the energy sector. As Powerledger looks to the future, it remains committed to exploring additional networks while maintaining the high standards established through its partnership with Wormhole.