Latest BitTensor News

Bittensor's price has made headlines recently, surging over 14% in just 24 hours and achieving a remarkable 23% gain over the past week. This rally has propelled TAO's market capitalization to an impressive $4 billion. The catalyst behind this surge is Grayscale's announcement of new institutional interest through its Bittensor Trust filing. This combination of fresh capital influx, technical breakout, and sustained spot accumulation is significantly boosting market sentiment and driving the price upward. From a technical perspective, TAO has successfully reclaimed the $403.65 Fibonacci 23.6% retracement level, which has now flipped to act as support. Currently, the token is trading above its 7-day simple moving average (SMA) at $394.36, indicating a strong bullish trend. Recent price movements show a notable rebound from a low of $345.41, confirming that bulls are defending the critical pivot point at $371.4. The MACD histogram shows a positive reading of +7.71, suggesting that bullish momentum is gaining strength, while the RSI at 55 indicates that there is still potential for further upside. For traders, the breakout above $403 validates the short-term bullish trend, and as long as TAO remains above the $371.4 pivot, dips are likely to be seen as buying opportunities. Immediate upside targets are set at $433.9, with further resistance at $478.27 and a potential move towards $564 if the bullish momentum continues. The current market conditions suggest that TAO is not yet overbought, leaving room for additional price appreciation if the technical indicators and market sentiment remain favorable.

In the rapidly evolving landscape of blockchain technology, several projects are making significant strides in their respective domains. Bittensor (TAO) stands out by rewarding contributors for their participation in AI model development on its decentralized network platform. This innovative approach not only incentivizes collaboration but also enhances the quality of AI models by leveraging the collective intelligence of its users. Similarly, Render (RNDR) empowers artists by allowing them to monetize idle GPU power for decentralized rendering projects, creating a new revenue stream for creatives while optimizing resource utilization in the digital art space. Filecoin (FIL) is revolutionizing data storage by enabling users to rent out unused hard drive space, thereby providing a decentralized solution for storage services. This model not only promotes efficient use of resources but also enhances data security and accessibility. The Graph (GRT) plays a crucial role in the blockchain ecosystem by powering decentralized data indexing, which significantly improves query efficiency for developers worldwide. Additionally, Theta Network (THETA) is transforming the video streaming industry by decentralizing bandwidth and computing resources, allowing users to share their excess capacity for a more robust streaming experience. Furthermore, BitTorrent (BTT) continues to support peer-to-peer file sharing and decentralized content distribution on a global scale. IOTA (MIOTA) focuses on secure and scalable data transfer specifically for Internet of Things (IoT) applications, addressing the growing need for reliable connectivity in smart devices. Helium (HNT) incentivizes users to provide decentralized wireless network connectivity, while Akash Network (AKT) offers a decentralized marketplace for renting computing resources, further enhancing the cloud computing landscape. Together, these projects exemplify the diverse applications of blockchain technology across various industries.

TAO Synergies, a prominent digital asset treasury focused on the Bittensor (TAO) ecosystem, has successfully raised $11 million through a private placement financing round. This funding round attracted both existing investors, including digital asset strategy advisor James Altucher, and new investor Digital Currency Group (DCG), a significant player in the crypto investment space. The capital raised will be utilized to enhance TAO Synergies' investments in TAO tokens, thereby increasing its potential for revenue generation within the decentralized AI (DeAI) framework powered by Bittensor. Altucher expressed strong optimism regarding the Bittensor network, highlighting its potential to become a leading source of AI innovation and value creation in the near future. The financing involved the issuance of 11,000 shares of Series E convertible preferred stock, priced at $1,000 each, which can be converted into common stock at $8 per share. Additionally, the deal includes five-year warrants for purchasing more common stock at the same exercise price, indicating investor confidence in TAO Synergies' growth trajectory. The participation of DCG in this financing round signals a growing institutional interest in the intersection of blockchain technology and artificial intelligence, reinforcing the strategic importance of this investment. Bittensor operates as a permissionless system designed to reward contributors who enhance AI systems, with participants receiving TAO tokens for their valuable inputs. This open-source platform fosters the collaborative development of AI alongside blockchain technology. TAO Synergies, evolving from its previous focus as biotech company Synaptogenix, now positions itself as an AI-native digital treasury, mirroring the strategies of other crypto treasuries like MicroStrategy in Bitcoin. The positive investor response to this news has led to a 38% surge in TAO Synergies' share price, reaffirming confidence in the innovative potential of the Bittensor ecosystem in decentralized intelligence.

The Bittensor TAO price is currently experiencing a pivotal moment, suggesting a potential bullish trend that could shape its long-term trajectory. After enduring weeks of consolidation and volatility, TAO has recently attempted to break out of a descending triangle pattern on the weekly price chart. This week's price movements are particularly crucial, as TAO's effort to surpass the upper boundary of the triangle indicates a resurgence of momentum. However, the sustainability of this breakout will depend on whether TAO can maintain its position above this critical level by the end of the week. If successful, short-term targets around $470 seem attainable, while long-term forecasts suggest a price of $770 or more by the quarter's conclusion. The recent market turmoil, characterized by a significant liquidation event, has set the stage for TAO's recovery. The market experienced a dramatic shakeout, leading to the liquidation of numerous long positions across exchanges, resulting in millions lost in leveraged trades within a single day. Retail traders who had stop orders above $250 faced substantial losses, while more disciplined long-term holders managed to weather the storm by keeping their stops below $240. Interestingly, this capitulation phase may have inadvertently benefited TAO, as the market quickly absorbed the sell-off, indicating robust institutional demand. Following this, TAO rebounded impressively from a low of $245 to a peak of $429 within days. A significant catalyst for this recovery was Grayscale's announcement regarding its new Bittensor Trust ($TAO) filing with the SEC. This filing represents a crucial step towards making TAO an SEC-reporting asset, enhancing its transparency and institutional credibility. Grayscale plans to facilitate public over-the-counter (OTC) trading of TAO, reducing the private placement holding period from 12 months to just six. This move not only improves liquidity but also brings TAO closer to being an exchange-traded product (ETP). The timing of this announcement coincided with TAO's technical recovery, boosting market confidence and contributing to a 45% intraday price surge, bringing the current market cap to $4.17 billion with a trading volume exceeding $582 million. As the price chart holds above the breakout level, the path to $470 appears increasingly likely, with all eyes now on TAO's ability to maintain this momentum and transform the technical breakout into a sustained rally.

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.

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.

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.