Key Points The whole "buy the rumor, sell the news" mantra appears to be partly at play with this week's price action in Bittensor. The network's native TAO token dropped more than 20% over the past week, signaling this wasn't the catalyst investors were looking for. Let's dive into what this means for Bittensor moving forward. 10 stocks we like better than Bittensor › On Monday, it became official-Bittensor (CRYPTO: TAO) completed its halving event. Similar to Bitcoin and other top-tier project ...

The Bittensor blockchain is on the verge of its first halving. Like Bitcoin, Bittensor is programmed to halve rewards of its native TAO token approximately every four years. Unlike Bitcoin, which halves based on block count, Bittensor’s halving is triggered by the total supply of TAO tokens. Once the network has distributed 10.5 million TAO — half of Bittensor’s 21 million total supply — the number of newly created tokens will drop from 7,200 TAO per day to 3,600. At the current rate of inflation, that ...

Core Insights - Safello has launched the Safello Bittensor Staked TAO ETP on the SIX Swiss Exchange, aiming to enhance access to Bittensor (TAO) exposure across Europe [1][2] - The ETP is designed to provide a regulated vehicle that mirrors the performance and staking yield of the TAO token, with a management fee of 1.49% [2] - The product offers 100% physical backing through staked TAO, allowing investors to benefit from both price exposure and staking rewards [3][4] Product Structure - The ETP combines appreciation potential of TAO with reinvested staking yields, creating a total return instrument [4] - This structure caters to a growing market preference for regulated, yield-generating crypto products that simplify investor participation [4] Revenue Model - Safello will receive a revenue share based on the ETP's assets under management (AUM), representing a new revenue stream as the company diversifies its product offerings [5] - The long-term financial impact of this listing will depend on market demand for TAO exposure [5] Strategic Collaboration - The partnership with DDA ETP AG aligns with Safello's goal of providing compliant crypto investment options across Europe [6] - The launch of STAO supports Safello's mission to enhance accessibility to digital assets while ensuring regulatory clarity and investor protections [6] Market Context - CoinShares reported that digital asset investment products experienced $2 billion in outflows, marking the heaviest weekly withdrawals since February [7] - This sell-off has resulted in total outflows of $3.2 billion over three consecutive weeks [7]

Core Insights - The rise of artificial intelligence (AI) is creating a new technological wave, with expectations of enhanced efficiency and productivity across the economy, though concerns about employment impacts remain [1] Group 1: Bittensor's Market Performance - Bittensor's native TAO token has experienced a significant decline of 16.6% over the past 24 hours as of 2 p.m. ET, indicating a shift in investor sentiment [2] - Earlier in the week, Bittensor saw a surge in value due to news of its first halving and the launch of a staked Bittensor exchange-traded product (ETP) in Europe, which initially drove TAO tokens higher [5][8] - A broader market sell-off has negatively impacted Bittensor, as investors may be taking profits after recent price increases, reflecting a cautious approach amid recession concerns [6][7] Group 2: Market Sentiment and Challenges - The cryptocurrency market is facing volatility, with Bittensor exemplifying the fluctuations seen in the sector over the past week [4] - Concerns such as a large-scale DeFi hack resulting in over $100 million in losses and valuation worries regarding tokens like Bittensor are contributing to a more cautious investor sentiment [7]

Core Insights - Synaptogenix, Inc. is launching a cryptocurrency treasury strategy focused on the AI token TAO, which is the leading AI token by market capitalization and adoption [1][3] - The company plans an initial acquisition of $10 million in TAO tokens, which is over twice its current market capitalization, with a total target of $100 million [2][3] - James Altucher, a recognized expert in cryptocurrency and AI, will lead the strategy aimed at generating revenue through staking yield and token appreciation [1][4] Company Strategy - The initial acquisition of TAO will be funded by the company's significant cash reserves and well-capitalized balance sheet [2] - The Board of Directors has been exploring value creation opportunities to utilize cash reserves effectively, noting the trend of companies allocating digital assets to their treasuries [3] - The fixed market supply of 21 million TAO tokens, combined with increasing global demand for AI, positions TAO as a compelling cryptocurrency [3] Leadership and Expertise - James Altucher brings extensive experience in emerging technologies, including being an early proponent of Bitcoin and having published numerous academic papers on AI [4] - Altucher expressed optimism about the AI industry's expected tenfold growth by 2030 and the role of decentralized AI, where TAO is a leader [5] Token and Network Overview - TAO is the native token for Bittensor, a decentralized blockchain network designed for machine learning and AI, which incentivizes participants based on their contributions [6] - The network aims to democratize AI development by rewarding participants with TAO tokens for their valuable contributions [6] Corporate Changes - Synaptogenix plans to change its name and ticker symbol to align with its digital asset treasury strategy focused on TAO [7] - A new corporate website is under development, with more information expected in the coming months [7] Financing Details - The company has entered into securities purchase agreements for a $5.5 million financing, involving the sale of Series D convertible preferred stock [8] - The Series D preferred stock has a conversion price of $3.00 per share, and the associated warrants also have an exercise price of $3.00 per common share [9]