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Deutsche Digital Assets to List Bittensor Staked ETP in Switzerland
Yahoo Finance· 2025-10-29 13:07
Core Insights - Deutsche Digital Assets is set to list the Bittensor Staked TAO ETP on the SIX Swiss Exchange, collaborating with Safello to facilitate this process [1][2] - The ETP will provide investors exposure to TAO, linked to decentralized AI, with TAO tokens held in cold storage by a regulated custodian [2] - The fund will reinvest staking rewards automatically, with a maximum fee of 1.49%, although the recent news has not positively impacted TAO's price, which is currently at $429.47, down 3.3% in the last 24 hours [3] Institutional Interest - There is growing institutional interest in Bittensor, indicating a trend among institutional investors towards decentralized networks for AI [4] - Bittensor rewards contributions to data and computing tasks, such as text translation and fraud detection, enhancing its appeal to institutional players [4] Corporate Treasury Developments - The Bittensor corporate treasury is gaining traction, with significant announcements from Nasdaq-listed companies like Synaptogenix and Oblong regarding their TAO acquisitions [5][6] - Synaptogenix announced plans to acquire $10 million worth of TAO, exceeding its market cap at the time, while Oblong intends to secure $7.5 million for purchasing TAO tokens [5][6]
Deutsche Digital Assets and Safello to List Staked Bittensor ETP on SIX Swiss Exchange
Yahoo Finance· 2025-10-29 09:28
Core Insights - Deutsche Digital Assets plans to list an ETP for Bittensor (TAO), a cryptocurrency associated with decentralized AI, in collaboration with Safello [1] - The Safello Bittensor Staked TAO ETP will be traded on the SIX Swiss Exchange under the ticker STAO [1] - The product is physically backed by TAO tokens in cold storage, with returns based on TAO's price movements and staking rewards [2] Investment Product Details - The ETP will have a maximum fee of 1.49% and will automatically reinvest staking rewards into the fund [2] - It tracks the Kaiko Safello Staked Bittensor Index (KSSTAO) [5] Market Interest - There is increasing interest in Bittensor, a decentralized network for AI that incentivizes contributions of data and computing power for various tasks [3] - Bittensor is recognized for its potential in reshaping value creation through the convergence of decentralized technology and AI [5] Competitive Landscape - Yuma Asset Management, founded by Barry Silbert, has already launched an asset management approach to the Bittensor ecosystem, targeting wealthy investors [4] - In July, U.K. exchange Archax announced its agreement to acquire Deutsche Digital Assets [6]
TAO Synergies Announces $11 Million Private Placement
Prnewswire· 2025-10-13 21:09
Core Insights - TAO Synergies Inc. has announced a $11 million financing deal supported by existing stockholders, James Altucher, and new investor DCG [1][2] - The financing involves the sale of 11,000 shares of Series E convertible preferred stock at a stated value of $1,000 per share, convertible into common stock, along with associated five-year common stock purchase warrants [2] Financing Details - The Series E preferred stock has a conversion price of $8.00 per share, and the warrants have an exercise price of $8.00 per common share [2] - The transaction is expected to close on or about October 15, 2025, pending customary closing conditions [3] Company Overview - TAO Synergies Inc. focuses on the intersection of cryptocurrency and artificial intelligence, specifically acquiring TAO, the native cryptocurrency of Bittensor [6] - The company's strategy includes staking TAO for revenue generation and capital appreciation, aiming to create significant value for shareholders [6]
DCG Subsidiary Yuma Taps TradeBlock Founders to Lead Growth in Decentralized AI on Bittensor
Yahoo Finance· 2025-10-07 13:00
Core Insights - Yuma, a subsidiary of Digital Currency Group (DCG), has appointed Greg Schvey and Jeff Schvey as COO and CTO, respectively, marking a significant expansion for the company [1][2] Company Developments - The Schvey brothers are recognized for co-founding TradeBlock and Axoni, both of which have been acquired by DCG and the London Stock Exchange Group, respectively [3] - Yuma aims to enhance its operations across the Bittensor network, focusing on validator, mining, and subnet accelerator initiatives, while also preparing to launch an asset management division [2][5] - The company has onboarded eight institutional validator partners, including BitGo, Copper, and Crypto.com, and has supported the launch of eight subnets this year [5] Leadership Impact - Barry Silbert, founder and CEO of Yuma and DCG, emphasized that the Schvey brothers' leadership will be crucial for Yuma as it advances in decentralized AI [4]
TAO Synergies Launches "The TAO Daily," the Premier Media Platform for All Things Bittensor (TAO)
Prnewswire· 2025-09-22 13:15
Core Insights - TAO Synergies Inc. has launched "The Tao Daily," a media platform dedicated to Bittensor (TAO) and the decentralized AI ecosystem, aiming to educate and engage the community [1][2] - The platform is designed to provide comprehensive news, insights, and resources for TAO users and investors, including tokenomics and staking opportunities [1][2] - The initiative is led by James Altucher, who emphasizes the goal of creating a central hub for actionable information and fostering deeper recognition of TAO's potential [2] Company Overview - TAO Synergies Inc. is the first public company focused exclusively on the intersection of cryptocurrency and artificial intelligence, with a treasury strategy centered on acquiring TAO [3] - The company aims to generate revenue and capital appreciation through staking TAO, reinforcing its mission to create significant shareholder value [3] Platform Features - "The Tao Daily" will feature daily news, interviews with ecosystem leaders, videos, podcasts, and tutorials for developers, positioning itself as an authoritative source for Bittensor-related information [1][2] - A new podcast, "The TAO Pod," hosted by James Altucher and Joseph Jacks, will be available on The TAO Daily, YouTube, and Spotify, further enhancing community engagement [2]
TAO Synergies Welcomes Top Bittensor (TAO) Leader as Advisor for AI-Focused Crypto Treasury Strategy
Prnewswire· 2025-08-26 13:15
Core Insights - TAO Synergies Inc. has engaged Joseph Jacks as an advisor to enhance its digital asset treasury strategy, focusing on the intersection of decentralized AI and cryptocurrencies [1][2] - Joseph Jacks is recognized as a leading innovator in the Bittensor ecosystem, contributing significantly to its open-source infrastructure [2][3] - The company aims to generate revenue not only through staking TAO tokens but also by actively contributing to the Bittensor ecosystem [4] Company Overview - TAO Synergies Inc. is the first pure-play public company dedicated to the convergence of cryptocurrency and artificial intelligence, specifically focusing on the TAO token of Bittensor [4] - The company's strategy includes staking TAO for revenue generation and capital appreciation, aiming to create significant value for shareholders [4] Joseph Jacks' Background - Joseph Jacks is the co-founder and CEO of Latent Holdings, a leading Bittensor lab, and has directed OSS Capital, a venture capital firm focused on early-stage commercial open-source startups [2][3] - He has led over 40 rounds of inception/seed stage investments totaling over $200 million [3]
Hyra Network 于世界创新科技与服务联盟 (WITSA) 全球 AI 峰会上荣获享有盛誉的 2025 年度主席奖
Globenewswire· 2025-08-21 19:58
Core Insights - Hyra Network has been awarded the 2025 Chairman's Award at the WITSA Global AI Summit, marking it as the first decentralized AI platform to receive such recognition [1][2][3] - The award acknowledges Hyra Network's innovative capabilities and its vision for decentralized sovereign AI, which aims to empower nations and citizens with their own AI infrastructure [2][7] Company Overview - Hyra Network is built on Layer-3 blockchain technology, combining verifiable computing grids with on-chain DAO governance, allowing high transparency and privacy for AI access and oversight [2][10] - The company has connected over 2.7 million devices across more than 200 countries, establishing a robust foundation for a sovereign AI infrastructure that transcends traditional centralized data centers [5][10] Product Offerings - Hyra AI: A verifiable, edge-based AI inference platform that processes data directly on user devices to ensure security and performance [8] - Hyra Zone: A decentralized GPU training network that provides flexible and cost-effective computing power, replacing traditional centralized data center models [8] - Hyra Mega: A transparent trading platform for AI models, datasets, and APIs, facilitating fair and secure transactions of digital assets [8] Strategic Goals - The recognition from WITSA is a significant milestone in Hyra's global expansion strategy, with plans to achieve a $10 billion IPO on Nasdaq by 2030 [6][9] - The company is committed to promoting sustainable and autonomous digital transformation while engaging in strategic collaborations with governments, investors, and the global digital community [10][12]
Bitget Launchpool 上线 GAIA,提供超 470 万枚代币奖励
Globenewswire· 2025-07-30 05:43
Core Viewpoint - Bitget, a leading cryptocurrency exchange and Web3 company, has launched Gaia (GAIA) on its Launchpool, enabling users to create and deploy AI agents for profit, with trading starting on July 30, 2025 [2][4]. Group 1: Launchpool and Trading Activities - Bitget's Launchpool event offers a total of 4,741,300 GAIA tokens as rewards, available for eligible users who lock BGB tokens from July 30 to August 1, 2025 [2]. - The GAIA/USDT trading pair will officially open on July 30, 2025, at 09:00 (UTC) [2]. - A CandyBomb event will also be initiated, with a total prize pool of 633,000 GAIA, distributed between new and existing users from July 30 to August 6, 2025 [3]. Group 2: Community Engagement and Incentives - A community activity will run from July 30 to August 6, 2025, offering an additional 125,000 GAIA to 750 eligible users who meet specific participation criteria [4]. - Users must join Bitget's Discord and hold BGB, net deposit over 100 USDT, and complete a GAIA/USDT spot trade to qualify for the community activity [4]. Group 3: Gaia's Features and Technology - Gaia is a decentralized AI network that allows users to host and interact with autonomous AI agents in a secure environment, built on blockchain technology [4]. - The platform prioritizes data sovereignty and privacy, creating a new model for decentralized AI development and monetization [4]. - Users can deploy advanced models like Qwen2 0.5B Instruct and customize them using personal or enterprise data [4]. Group 4: Bitget's Expansion and Offerings - Bitget aims to expand its product ecosystem, currently offering over 800 cryptocurrency trading pairs, with plans to exceed 900 pairs [6]. - The inclusion of Gaia marks a significant step in Bitget's ecosystem expansion, enhancing user data privacy and supporting AI-driven Web3 applications [6]. - Bitget is recognized for its innovative solutions and aims to be a leading cryptocurrency trading platform [5].