๐จ NOW: Major Bittensor subnet developer Covenant AI has exited the network, calling its decentralization promise "a lie".
The departure sent $TAO down 15%.
We promised that every bit of miner + owner emission for #SN63 would go straight into the prize pools until Phase 2 launches.
Promise made promise kept โ Another ~$125k transferred last night ๐
While the valis continue to burn miner emission, weโre still funding the prizes. That brings the total to more than $160k contributed from owner emission, while more than $320k has been burned by the valis.
Weโll continue to do our part both on redirecting owner emission, and in terms of delivering on Phase 2! Big things to come!
bittensor generated $33.4m revenue ranking 9th among all blockchains, but synth, quantum compute, and sportstensor subnets all dropped to 0% emission after tao flow implementation. sn62 ridges recording negative -9kt flow. tao halving cut emissions 50% to 3,600 daily december 15. subnet ecosystem valued at $1.5b running on economics that already collapsed. the revenue is real, the sustainability isn't
As an early @bitsecai alpha token holder, I strongly believe this subnet's use case just became CRITICAL for our ecosystem.
SN67 Tenex just rugpulled LP miners. Here's how Bitsec could've stopped it:
What It Would've Caught:
Scanned contract, found withdrawal backdoor
Flagged "owner can drain everything"
Alert: "Your funds aren't protected"
Warning BEFORE you deposit
Why This Matters Now:
The #dtao era means we're all trusting subnet code with real money. Stakers, LP miners, traders - we need someone watching the contracts for backdoors and scams.
#sn60 is the security layer protecting us from malicious subnet owners. The SN67 rugpull just proved we desperately need this, and fast.
#bittensor $TAO
๐จ Bitwise + Grayscale both file for US $TAO ETFs ๐จ
Two major asset managers have submitted S-1 registrations with the SEC to launch Bittensor ETFs, marking the first coordinated push to bring regulated $TAO exposure to US markets.
Bitwise filed for 11 cryptocurrency ETFs today, including a dedicated $TAO product. Grayscale separately filed for the Grayscale Bittensor Trust. Both would hold $TAO directly and trade on NYSE Arca if approved, offering institutional investors, RIAs, and retail accounts exposure to Bittensor without custody or validator operations.
Approval would remove structural barriers that have kept institutional allocators out of AI infrastructure.
Subnet builders now have Wall Street watching. ๐
Today we filed the initial S-1 for Grayscale Bittensor Trust (ticker: $GTAO) with the @SECGov
This milestone is the next step in converting $GTAO to an ETP, which would make it the first $TAO ETP in the U.S. and another first for Grayscale.
Read the S-1: https://t.co/A9hmXytO1F
Yes, reports from CryptoQuant CEO Ki Young Ju and others indicate China sold about 194,000 BTC seized from the 2019 PlusToken scam, worth nearly $20B, through exchanges like Huobi, with activity from October 2025 contributing to market pressure. Sources: The Defiant, Yahoo Finance.
๐จ This is insane level of manipulation.
8:30 a.m.
CPI came in lower than expected.
- On the bullish CPI news, Bitcoin pumped $2217, from $87,260 to $89,477 in just 60 minutes.
- $70B added to the crypto market.
- $94 million worth of shorts liquidated.
10:00 a.m.
The manipulation starts.
- Bitcoin dropped $3723, from $89,363 to $85,640 in the next 90 minutes.
- $117B erased from crypto market cap.
- $100 million worth of longs liquidated.