ASI:Cloud Launches as a Game-Changer in Permissionless AI Infrastructure

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.

The Akash Network's native token, AKT, experienced a remarkable surge of 31% over the weekend, largely driven by a broader recovery in the cryptocurrency market. Bitcoin's resurgence above $115,000 played a significant role in lifting AKT's price, but as of the latest updates, it struggled to reclaim the $1 mark. While there was optimism about the potential for AKT to reach $1.5 if it could first stabilize above $0.85, profit-taking activities appeared to be hindering further gains. This recent upswing in AKT's price coincided with notable whale activity, as reported by CryptoQuant. The presence of large orders in the spot markets suggested that significant players were engaging with AKT, contributing to its sharp rally. Additionally, the timing of this surge followed a major outage at Amazon Web Services (AWS), which affected numerous Web3 applications. Akash Network, as a decentralized cloud provider, capitalized on this situation by positioning itself as a reliable alternative, emphasizing the importance of avoiding single points of failure in cloud services. Despite the positive momentum, the market showed no signs of excessive froth that could lead to liquidation risks. Current indicators suggest that the market is in a 'Cooling' phase, which may prevent drastic reversals. However, the influx of tokens into exchanges indicated that profit-taking was prevalent during the weekend's price pump. Until this profit-taking subsides, AKT may continue to face challenges in breaking through the $1 barrier, with bulls needing to regroup for another attempt at higher targets.

As the third quarter of 2023 concludes, the Streamr project is making significant strides towards enhancing its application layer, particularly with StreamrTV. The Governance Council has announced a strategic shift in operational leadership, appointing Mark Little as the new CEO and Petri Savolainen as CTO. This transition aims to leverage their expertise to bolster the project's market execution while ensuring continuity with co-founders Henri and Nikke. The focus on StreamrTV is evident as the project seeks to monetize content and improve user engagement through new features such as payment rails for tipping and an interactive chat sidebar. Key achievements during this quarter include the successful launch of payment functionalities for StreamrTV, allowing broadcasters to monetize their content through 'Super Balloons.' Additionally, a chat feature has been introduced, enhancing viewer interaction. The project also conducted network scaling tests, confirming its reliability across thousands of nodes globally. Financially, Streamr minted approximately 7.5 million DATA tokens, raising $442,689 from token sales, while managing to reduce overall expenses to $499,000, reflecting a strategic focus on cost efficiency amid challenging market conditions. Looking ahead, the project anticipates the next governance checkpoint proposal in December 2025, with plans to unlock additional tokens for development. The Data Ecosystem fund remains intact, with no disbursements made this quarter. Streamr is actively working to attract users from both Web3 and Web2 communities, utilizing product analytics to refine its offerings. Despite facing technical complexities, the team is optimistic about overcoming challenges related to many-to-many video streaming in the upcoming quarter. Overall, Streamr's commitment to innovation and user engagement positions it well for future growth in the blockchain space.

The price of TAO has surged by 6% today, reaching approximately $395 and boosting its market capitalization to $4 billion. This increase follows the recent demonstration of Bittensor's Novelty Search: SN50 Synth, which showcases predictive intelligence applications in financial markets. The unveiling has generated renewed enthusiasm among traders, who view it as a sign of innovation within the Bittensor ecosystem. As a result, the TAO price chart reflects growing optimism, supported by increased trading volume and social media engagement. Bittensor's ecosystem is evolving, with subnets playing a crucial role in delivering unique AI-driven use cases. The introduction of a subnet SDK and EVM compatibility has accelerated developer activity, making it easier for projects to deploy decentralized AI models. Notably, the Hippius subnet was recently listed on a centralized exchange, accompanied by a 50,000 USDT reward pool, which is expected to enhance market engagement. These developments indicate that Bittensor continues to attract interest from both retail and institutional investors, with forecasts suggesting a positive outlook for TAO's long-term scalability. Adding to the bullish sentiment, Grayscale has filed for a Bittensor Trust with the SEC, potentially paving the way for TAO to become a regulated investment product. This could attract significant institutional inflows, reflecting a historical trend where similar filings have increased liquidity and price stability in the crypto market. Furthermore, the upcoming halving event in December 2025, which will reduce daily issuance from 7,200 to 3,600 TAO, mirrors Bitcoin's scarcity model, potentially setting the stage for a post-halving rally. Technical analysis shows that TAO has broken out of a descending triangle pattern, with a medium-term target of $800 in sight if current momentum continues.

Grayscale's recent report highlights Solana (SOL) as a leading "hosting network" for blockchain applications, showcasing its significant role in the crypto ecosystem. The report reveals that Solana powers a diverse array of protocols, including Raydium, Pump.fun, and Helium, which contribute to substantial on-chain activity. Currently, the Solana ecosystem generates approximately $425 million in monthly fees, translating to an impressive annualized revenue of $5 billion, while maintaining an average transaction cost of just $0.02. This efficiency underscores Solana's scalability and effectiveness as a smart contract platform. The report further emphasizes Solana's growing developer community, with over 1,000 full-time developers actively building on the network, placing it second only to Ethereum in terms of developer count. This robust developer base is crucial for fostering long-term innovation and resilience within the ecosystem. Solana's diverse application landscape sets it apart from other networks, as it not only facilitates speculative trading but also supports real consumer and infrastructure applications, ensuring consistent on-chain demand. Grayscale's analysis also touches on the economic dynamics of the $SOL token, which serves as both a digital commodity and an investment vehicle for the broader Solana ecosystem. With an annual supply growth rate of about 4%–4.5%, the token's staking dynamics provide a nominal yield of around 7%, offering incentives for long-term holders. As Solana continues to expand its user base and transaction volume, the demand for $SOL is expected to rise, reinforcing its position as a key asset in the evolving crypto landscape. Overall, Solana's trajectory appears promising, with its unique value proposition and operational efficiencies paving the way for future growth in the decentralized application space.

In a significant announcement to the Streamr Network community, Mark Little has been appointed as the new CEO, marking a crucial phase in the project’s journey towards mainstream adoption. Over the past two years, Streamr has made notable progress, including the launch of its 1.0 Mainnet and the establishment of strategic partnerships aimed at enhancing protocol adoption. However, Little acknowledges that the network has not yet achieved the desired volume of data flow, a challenge faced by many Web3 infrastructure projects. To address this, the focus will shift to the application layer, aiming to attract a larger user base and enhance the overall utility of the technology. Little highlighted the potential of live video streaming, referencing previous explorations through the Subcast project, which were ultimately set aside due to commercial challenges. However, with the MVP1 of StreamrTV now live and receiving positive feedback, the Streamr Council believes that prioritizing live video streaming could lead to significant adoption. Current market players like X Spaces, Zoom, and Twitch are criticized for their suboptimal user experiences, particularly in terms of security, privacy, and censorship resistance—areas where decentralized technology excels. Streamr aims to leverage its core technology to create superior solutions while addressing the Web3 user experience problem. To accelerate progress, Little has announced the appointment of Petri Savolainen as CTO, who brings extensive expertise in peer-to-peer and video streaming technologies. This leadership change is part of a broader initiative to foster a leaner, more focused start-up culture within the team. Little expressed gratitude towards former team members Matthew Fontana and Eric Andrews for their contributions, wishing them well in their future endeavors. He invites the community to engage with the team during the fortnightly Build in Public sessions, emphasizing the importance of collaboration in achieving product-market fit and driving the project forward.