Latest DePIN Funding News

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.

Akash, a decentralized compute project founded by Greg Osuri, has announced plans to deprecate its current Cosmos SDK-based chain and migrate to a new network that can better secure its operations. This decision marks the beginning of a public evaluation process for potential candidates both within and outside the Cosmos ecosystem. While the specific destination chain has not yet been disclosed, Osuri emphasized the importance of strong security, a vibrant community, deep liquidity, and growth potential in selecting the new home for Akash, which will maintain IBC compatibility. Originally launched as a Cosmos appchain, Akash operates a decentralized marketplace that connects AI and cloud buyers with independent providers of GPU and compute capacity. The recent Mainnet 6 upgrade introduced Nvidia GPUs, allowing users to benefit from lower costs compared to traditional centralized cloud services. Osuri also reassured users regarding staking concerns, indicating that while staking may appear to be disappearing, it is actually evolving into a more advanced model. He mentioned that Solana is a strong contender for Akash's new network, but the team will be cautious in making their final decision. This shift to a new base-layer represents a significant architectural change for a decentralized physical infrastructure network (DePIN). Osuri's criteria for the migration reflect a broader search for scalable solutions as demand for AI compute rises. The Block's data indicates that DePIN is becoming a multi-billion-dollar asset class, with web3 cloud and AI compute identified as leading segments. However, challenges such as hardware access, network scalability, and regulatory uncertainties remain. The Akash team has not set a timeline for the migration, but they plan to engage the community in an open discussion about the trade-offs involved in the decision-making process.

The cryptocurrency market is witnessing a significant transformation as artificial intelligence (AI) emerges as a pivotal force in innovation. Numerous projects are now integrating AI with blockchain technology, aiming to enhance their services and structures. Notable examples include VIRTUAL and THETA, which are adapting their platforms to leverage AI capabilities. This convergence is creating unique investment opportunities, particularly for projects that demonstrate strong utility. Among these, DeepSnitch AI stands out, currently in its presale phase, offering tokens at an attractive price of $0.01841, with potential for substantial returns as the market evolves. The blockchain AI sector is anticipated to grow exponentially, with projections indicating a 25-fold increase over the next decade. By 2034, the crypto AI market is expected to reach $46.9 billion. Projects like THETA are already utilizing AI to optimize video streaming, while VIRTUAL provides a user-friendly protocol for creating AI agents. Even Bitcoin miners are capitalizing on AI to diversify their revenue streams. This synergy between AI and cryptocurrency underscores the increasing significance of AI technologies within the crypto ecosystem, validating the notion that AI tokens represent the future of the market. As demand for AI solutions continues to reshape the landscape, projects that effectively integrate AI are gaining prominence. DeepSnitch AI, with its unique presale offering, is well-positioned to capitalize on this trend, attracting significant investments from whales who recognize its potential for high returns. The project's innovative approach to democratizing market insights through real-time alerts and risk identification makes it an appealing opportunity for investors seeking the next big breakthrough in the crypto space. With a low entry price and a promising future, DeepSnitch AI could very well be the hidden gem that investors are looking for.

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.

The crypto market in October 2025 is characterized by a blend of stability and innovation, with Algorand (ALGO) and Filecoin (FIL) maintaining their positions while attracting consistent trading activity. Algorand is currently trading between $0.2187 and $0.2190, reflecting a market capitalization close to $1.92 billion. This stability indicates sustained investor confidence in Algorand's scalable Layer-1 infrastructure. Analysts suggest that if the broader market gains momentum, ALGO could retest resistance near $0.25 by the end of Q4 2025, as its proof-of-stake architecture continues to position it as a strong competitor in the DeFi space. In contrast, Blazpay ($BLAZ) is emerging as a notable new crypto in presale, having achieved 8% completion in Phase 1 with 4.5 million tokens sold. The presale price is set at $0.006 per token, with over $25,000 raised so far. Investors are drawn to Blazpay's potential for significant returns, as the platform integrates AI-driven utilities and offers multi-chain interoperability. With less than 10 days remaining in Phase 1, the price is expected to rise to $0.0075, incentivizing early participation. The platform boasts over 800,000 active users and has minted over 1 million Entrypasses, showcasing strong community engagement. Blazpay differentiates itself through its innovative AI-powered ecosystem, which enhances user interaction and transactional efficiency. Key features include AI Swap for predictive trading, AI Bridge for seamless cross-chain transfers, and AI NFT functionalities. This technical infrastructure aligns with the growing trend of connecting disparate blockchain networks, making Blazpay a compelling option for investors looking for early-stage opportunities. As the presale progresses, Blazpay's combination of community traction, functional utilities, and potential for exponential growth positions it as a standout project in the current crypto landscape.

Helium (HNT) has experienced a significant surge of 14% in the past 24 hours, primarily driven by increased network activity and a resurgence of investor confidence. The rise in hotspot usage indicates a fresh wave of adoption across various regions, showcasing the decentralized wireless network's growing real-world traction. Notably, one hotspot reportedly served over 900 users daily and earned over 900 HNT in the last month, reflecting a revived demand within the ecosystem. This uptick in activity has contributed to a bullish sentiment surrounding Helium's future prospects. From a technical perspective, HNT has broken above a pennant consolidation pattern on its daily chart, surpassing both the 50-day and 100-day Exponential Moving Averages (EMAs). This breakout signifies a short-term bullish shift, with buyers regaining control. If this momentum persists, Helium could potentially retest resistance levels near $2.92 and later between $3.10 and $3.20. However, traders are advised to monitor for signs of exhaustion or profit-taking around these levels, as the trend bias remains bullish with indicators suggesting a possible continuation towards $3.80 if demand remains strong. On-chain metrics further bolster the bullish outlook for Helium. Data from CryptoQuant indicates rising whale accumulation, suggesting that large holders are entering long positions at current price levels. This accumulation behavior has historically preceded sustained upward movements, particularly when coupled with increasing spot market demand. Additionally, the Futures Taker Cumulative Volume Delta (CVD) reflects strong buyer dominance, confirming aggressive long-side positioning among leveraged traders. While the overall momentum favors buyers, traders should remain vigilant regarding potential short-term volatility, as rapid spikes in Open Interest or sharp price pullbacks could lead to corrections before the next upward trend emerges.

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.

The recent Token2049 conference in Singapore highlighted the emergence of Decentralized Physical Infrastructure Networks (DePIN) as a transformative force in the blockchain space. Initially met with skepticism, the concept of individuals contributing to decentralized networks through installations like weather stations has gained traction, with thousands of stations now operational worldwide. Participants at the conference expressed a strong desire to engage with and profit from the infrastructure that supports both online and offline activities. DePIN is no longer a niche topic; it has become a central theme of discussion, with many experts predicting that it will surpass Decentralized Finance (DeFi) in value and significance. DePIN represents a shift in the cryptocurrency narrative, moving from a focus on capital to capacity. Investors and creators at Token2049 emphasized the importance of building actual networks that have tangible impacts on the world. Unlike traditional infrastructure, which is often hindered by centralized processes and high upfront costs, DePIN allows users to become operators immediately, thus facilitating faster deployment and greater participation. This model not only enhances utility but also attracts consumers, creating a self-sustaining ecosystem. As the demand for real-time, verifiable data grows, particularly in the AI economy, DePIN is positioned to become the foundational layer for various applications, including climate intelligence and grid optimization. Looking ahead, the potential for DePIN is significant, especially as regulatory clarity begins to emerge. The transition from pilot projects to fully operational networks is underway, with companies like WeatherXM leading the way by providing hyperlocal meteorological data through decentralized means. As industries increasingly seek reliable weather data amid climate challenges, DePIN could redefine the landscape of decentralized infrastructure, potentially onboarding millions into the Web3 ecosystem. The momentum observed at Token2049 suggests that DePIN is not just an alternative to DeFi but may become a cornerstone of the decentralized economy, focusing on broader societal impacts beyond mere financial transactions.

Grass, the flagship product of Wynd Network, has successfully raised $10 million in a bridge funding round co-led by Polychain Capital and Tribe Capital. This funding, primarily structured as a token purchase, highlights the growing investor confidence in Grass's mission to decentralize internet connectivity and enhance AI data access. Previously, Grass had secured funding through Seed and Series A rounds, but this latest round was unplanned and comes at a crucial time as the project experiences rapid growth and adoption. Grass operates as a decentralized bandwidth network built on the Solana blockchain, allowing users to monetize their unused internet capacity by selling their 'view of the internet.' This innovative system enables companies and developers to access public web data at scale, which is essential for training and improving AI models. Users are rewarded with the native GRASS token, which serves as the primary vehicle for value accrual and governance. Co-founder Andrej Radonjic emphasized that Grass addresses the access challenges AI developers face when building or training models across the open web, thereby solving a significant bottleneck in data collection for AI. The recent funding round marks Polychain Capital's third investment in Grass, reflecting their strong belief in the company's potential. Grass has reported impressive growth, with 8.5 million monthly active users and collaborations with around 20 companies, including nonprofits and academic institutions. As the project continues to evolve, it aims to transition from providing training data to offering real-time inference data, which is crucial for generative AI systems. With its unique approach, Grass is positioned to redefine data pipelines for AI, shifting control from centralized tech companies to a decentralized global network, thus leading the charge in the intersection of AI and decentralized infrastructure.