Stockholm, den 19 december 2025 - Virtune, en svensk reglerad kapitalförvaltare av kryptotillgångar, meddelar idag lanseringen av en ny innovativ krypto-ETP, Virtune Bittensor ETP, på Nasdaq Stockholm, den största börsen i Norden. Om Virtune Bittensor ETPVirtune Bittensor ETP är en fysiskt backad börshandlad produkt (ETP) som är utformad för att erbjuda investerare ett säkert och kostnadseffektivt sätt att få exponering mot Bittensor (TAO). Detta möjliggörs genom en transparent och fysiskt backad struktur m ...

Group 1 - Virtune, a regulated digital asset manager based in Sweden, has launched the Virtune Bittensor ETP on Nasdaq Stockholm, marking its 21st product offering [1][5] - The Virtune Bittensor ETP is a physically backed exchange-traded product designed to provide investors with secure and cost-effective exposure to Bittensor (TAO) [2][8] - The ETP offers 1:1 exposure to Bittensor, is 100% physically backed by TAO, and has an annual management fee of 1.95% [8] Group 2 - Bittensor is a decentralized network that facilitates the development of artificial intelligence through an open marketplace, rewarding participants based on the value of their contributions [4] - The launch of the Virtune Bittensor ETP is seen as a strategic expansion in the Nordic market, catering to both institutional and retail investors [5][6]

Market Overview - The cryptocurrency market capitalization has increased by 0.1%, now standing at $3.03 trillion, with a total trading volume of $108 billion [1][2] - 75 of the top 100 coins have experienced price increases over the past 24 hours, although most changes are minimal [1][4] Major Cryptocurrencies Performance - Bitcoin (BTC) has seen a slight increase of 0.1%, currently trading at $86,388, while Ethereum (ETH) has decreased by 0.1% to $2,924 [2][3] - XRP is the only coin with a significant change, up 1.2% to $1.9, while Dogecoin (DOGE) rose by 0.6% to $0.1298 [4] - The highest increase among the top 100 coins is Midnight (NIGHT) at 4.5% to $0.05944, followed by Monero (XMR) at 4.2% to $429 [4] Market Sentiment and Trends - Despite the slight changes in prices, the overall market sentiment remains largely unchanged over the past month [2] - Implied volatility remains elevated, indicating expectations for potential extreme moves have moderated [2] Economic Context - Recent delayed job and retail reports from the US have increased uncertainty among investors, highlighting a weakening labor market [5] - The Marshall Islands has launched a universal basic income (UBI) program allowing citizens to receive payments in cryptocurrency, with quarterly payments of approximately $200 [5][6]

Core Insights - The altcoin market has transitioned from significant losses to a sideways phase, with specific altcoins attracting derivatives traders to take one-sided positions [1][2] Group 1: Zcash (ZEC) - ZEC has experienced a 50% decline from its all-time high of $748, which may attract investors looking for rebound opportunities [3] - Zooko Wilcox, the founder of Zcash, is set to participate in a discussion hosted by the SEC on December 15, which is expected to bolster support for privacy altcoins like ZEC [4] - If ZEC falls to $295, Long traders could face liquidations totaling up to $98 million due to overly confident positions without stop-loss plans [4][5] Group 2: Aster (ASTER) - Aster's price has dropped over 60% and is currently below $1, despite benefiting from increased trading activity during the Perpetual DEX boom [6] - An accelerated buyback program starting December 8, 2025, with a new daily buyback pace of $4 million, may support a price increase [8] - If ASTER rises to $1.07, Short-side liquidation volume could exceed $32 million, as the price has reached a strong support zone [8] Group 3: Bittensor (TAO) - The liquidation map for Bittensor (TAO) indicates a significant imbalance, with Long-side liquidation volume far exceeding that of the Short side [9]

Core Insights - The crypto market experienced a significant sell-off, with Bitcoin (BTC) closing below the 50-week EMA for the first time in 2023, indicating buyer exhaustion and holder capitulation [1][5] - The AI sector's market capitalization fell by 18.7% to $24.2 billion, marking a level not seen since April 2025 [3][5] - Only 13% of the top 100 AI tokens managed to maintain positive performance during the downturn, highlighting the overall weakness in the sector [5] AI Market Recap - The AI sector suffered a notable decline, with all top 20 AI tokens in the red, although Bittensor (TAO) experienced a relatively modest decline of 14.1% [4][5] - The best-performing AI tokens included UnifAI Network (UAI) with a gain of 26.7%, Nillion (NIL) up by 16.1%, SUPRA (SUPRA) increasing by 14.5%, and Tagger (TAG) rising by 15.1% [6] - Conversely, several projects faced severe losses, with some tokens dropping over 30%, while the privacy coin sector remained the only one in the green [7] Market Dynamics - The correlation of BTC and the broader crypto market with equities is more pronounced on the downside, suggesting a shift in market dynamics [1] - The AI sector is currently the 15th-worst-performing sector among 24 tracked by Artemis, indicating significant challenges within the industry [7]

Core Insights - TAO Synergies Inc. has increased its total holdings of Bittensor (TAO) to 54,058 tokens, establishing itself as the largest publicly traded pure-play holder of this cryptocurrency [1][3] - The company aims to democratize access to decentralized AI for both retail and institutional investors, while capturing long-term value in the expanding decentralized AI sector [2][4] - A recent private placement raised $11 million in capital, which is yet to be deployed, backed by key investors including DCG and James Altucher [2][4] Company Strategy - The company focuses on acquiring, staking, and leveraging Bittensor (TAO) tokens, providing transparent and regulated exposure to decentralized AI [4] - The CEO emphasizes that Bittensor represents the future of open, incentive-driven AI, positioning TAO as an entrepreneurship token that merges good ideas with valuable incentives [3] - The company is committed to educating the community about decentralized AI through initiatives like The TAO Daily and The TAO Pod [3] Market Position - TAO has recently climbed into the top six trending cryptocurrencies on CoinMarketCap, indicating strong market interest and resilience [3] - The potential of AI to contribute $15.7 trillion to global GDP by 2030 highlights the significant growth opportunities for TAO, which is considered undervalued [3]

Market Overview - The crypto market experienced a significant sell-off, with several altcoins facing double-digit declines while BTC and ETH approached critical support levels [1] - This sell-off is seen as a continuation of a previous $500 billion market downturn, prompting traders to exercise caution to avoid further liquidations [1] Derivatives Positioning - The BTC futures market is stabilizing, with Open Interest around $25 billion and a 3-month annualized basis in the 5-6% range [3] - A divergence in funding rates indicates mixed market sentiment, with Binance and OKX showing negative funding rates of -2% to -3%, suggesting bearish conviction among traders [3] - The BTC options market displays strong bullish signals, with a balanced 24-hour Put/Call Volume and a 1-week 25 Delta Skew spiking to 12.62%, indicating demand for call options [3] Liquidation Data - Coinglass data reports $415 million in liquidations over 24 hours, with a 70-30 split between longs and shorts, highlighting significant market activity [3] - Major liquidations included ETH ($115 million), BTC ($80 million), and others ($43 million), with a key liquidation level at $110,009 to monitor [3] Altcoin Performance - Altcoins faced severe declines, with Bittensor (TAO), aster (ASTER), and lido (LDO) dropping between 12% and 13% in 24 hours, while the "altcoin season" index fell to 27/100, its lowest in over three months [3] - Despite the overall bearish sentiment, tron (TRX) showed resilience, rising from $0.312 to $0.322, indicating potential recovery [3] Market Catalysts - The recent sell-off is attributed to distribution from long-term Bitcoin holders, creating heavy sell pressure amid low demand [3] - Altcoins are negatively impacted by Bitcoin's downturn, with low liquidity levels exacerbating price declines during sell-offs [3]

Market Overview - The cryptocurrency market capitalization has decreased by 1.4%, now standing at $3.88 trillion, with 93 of the top 100 coins experiencing price drops [1][2] - Total crypto trading volume is reported at $194 billion [1] Price Movements - Bitcoin (BTC) has fallen by 2.2%, currently trading at $110,774 [2][3] - Ethereum (ETH) has decreased by 4.4%, now priced at $3,993 [2][3] - Solana (SOL) recorded the highest drop at 6.8%, trading at $192, followed by XRP with a 5.5% decline to $2.39 [3] Notable Performers - The only coin showing an increase is Tron (TRX), which rose by 0.4% to $0.3216 [4] - Bittensor (TAO) experienced the largest drop among the top 100 coins, down 14.2% to $388, with Aster (ASTER) and Story (IP) also seeing significant declines of 12.8% and 10% respectively [4] - ChainOpera AI (COAI) had a substantial gain of 53.1%, now priced at $24 [4][5] Institutional Activity - A long-dormant Bitcoin wallet transferred 2,000 BTC, valued at approximately $222 million, into 51 new addresses, raising speculation about potential selling or fund shuffling by early holders [5] - US BTC spot ETFs experienced outflows of $94 million, while ETH spot ETFs saw inflows of $5.32 million, indicating a decline in institutional demand [2] Market Sentiment - Current market sentiment is categorized within the fear zone, similar to levels observed in April [2]

Core Insights - The cryptocurrency market capitalization has increased by 4.4%, reaching $4 trillion, with 97 of the top 100 coins appreciating in value over the past 24 hours [1][2] - Bitcoin (BTC) rose by 2.9% to $115,097, while Ethereum (ETH) increased by 8.7% to $4,152, indicating a strong recovery among major cryptocurrencies [2][3] - The recent market correction has been attributed to excessive leverage being cleared out, allowing for a reset of risk in the market [2][5] Market Performance - The total crypto trading volume stands at $270 billion, reflecting active trading conditions [1] - Binance Coin (BNB) saw the highest increase among the top coins, rising by 14.9% to $1,318, followed by Dogecoin (DOGE) with a 10% increase to $0.2087 [4] - ChainOpera AI (COAI) recorded the highest increase among the top 100 coins, with a remarkable 51.1% rise [4] Market Sentiment and Events - Market sentiment had dropped into negative territory but has since improved towards neutrality [2] - The recent market downturn was exacerbated by fears of a U.S.-China trade war, leading to significant liquidations totaling $19 billion across the industry [5][6] - Forced liquidations and panic selling contributed to a rapid price decline, creating a self-reinforcing cycle of liquidations [6]