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Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.
Robinhood attracted all kinds of attention earlier this year when he claimed to be able to offer exposure to retail users to the history of OPENAI growth via tokenized actions supported by a vehicle for special use.
Openai’s lawyer, warned that these tokens are not equity and said that everything was not authorized, which could potentially mean that it could be a risky investment for token holders.
This receives a greater question of access to investors. The hottest IA companies like Openai and Anthropic, remain firmly private, their growth captured by venture capital funds and strategic donors like Microsoft or Google.
Institutional investors get everything, and retail investors are locked, forced either to buy technological actions from large technologies like NVIDIA, or hope that structured products like SPVS offer something that looks like an exhibition.
Enter Bittensor.
In February 2024, The decentralized AI network has deployed its dynamic Tao (DTAO) The upgrade, which aims to transform the milestone into something closer to venture capital, where everyone has the chance to have access to a return.
Instead of passively validating the root subnet, TAO holders now allocate directly to the subnets, each with their own AI on chain and receive “alpha” tokens in return. These tokens reflect the performance and demand of the subnet, and staging decisions determine which projects earn a share of network programs. It is a simple incubator focused on the market where value is only rewarded if it is created.
“The subnets form an ecosystem within an ecosystem, where performance and utility are rewarded, stacking opportunities both by yielding yields and an appreciation of the alpha token”, explained “Zerobit”, CEO of Talisman, a portfolio that is part of the DTAO ecosystem, during a recent panel Blockchain Week.
Two subnets illustrate why this counts. Bridges (SN62) is a coding agent that has already outperformed the Anthropic Claude 4 on Swe-Bench, a standard code generation test.
In a few weeks, decentralized minors in competition for emissions pushed the accuracy of bridges above 80%, exceeding what a strongly funded centralized technology company delivered with hundreds of millions of capital.
Above all, he succeeded while spending only tens of thousands of dollars on the calculation, taking advantage of the ecosystem of shared subnets of Bittensor and by proving the thesis of the decentralized AI holds the water.
Another of them are falls (SN64)The backbone’s dorsal calculation spine of the network. Consider it as a decentralized AW for IA workloads: it treats billions of tokens per day, evolves the models in a few seconds and undermines the suppliers centralized up to 85% on the cost.
Falls also hosts the major DEEPSEEK language models on Huggingface, making it the largest decentralized supplier of large-scale open-source inference.
For retail investors, it could provide a convincing alternative. SPVs offer synthetic complaints on private companies, riddled with potential legal risks and liquidity. The fact of subnet, on the other hand, is without permission, based on performance, with results which can be verified on the chain.
“When most crypto projects locate growth behind initiate offers, the Bittensor DTAO opens access to investments from the first day, allowing them to overcome the growth of the value of the alpha token,” said Brad Fuller de Bittensor.ai, a subnet data portal, during the same panel at the Taiwan Blockchain Week. “It is a ramp for anyone to join the property course and share the growth of the AI.”
The winners attract interest, increase the emissions and make up in stronger projects. With Anthropic and Openai still locked up public procurement, Bittensor could be one of the rare ways for everyday investors to rise up the AI without waiting for the blessing of Wall Street.
Although Tao may not have similar traction like Flashy Big Tech Actions, the subnet milestone becomes easier through new wallets, and with heavy goods vehicles like the DCG Barry Silbert which goes around the ecosystem – which has already called it as important protocol as Bitcoin – it could offer a potential opportunity for those who could do the round of the Lapin alternatives in the AI sector.
Market movement
BTC: Bitcoin barely moved after reducing the Fed’s quarter of point, holding $ 116,851 while traders weighed the framing of Powell’s risk management against a prudent point plot.
ETH: Ethereum experienced a stronger follow -up, going to $ 4,603.60 with a weekly gain of 6%, reflecting the renewed appetite for the names superior to beta in the middle of the expectations of consecutive cuts in October and December.
Gold: Deutsche Bank raised its gold forecasts in $ 4,000 to $ 4,000 / OZ., Citing high central bank demand, a lower dollar and political uncertainty around the Fed independence, after an increase of 41% of Gold of 41% year at the start of $ 3,700.
S&P 500: The S&P 500 slipped from 0.1% to 6,600.35 after the drop in the expected rate of the Fed, because Powell reported that it was not the start of a prolonged assistance cycle.
Elsewhere in crypto
- Xstocks transmitter chose Switzerland to avoid Tesla’s actions at the white list: CEO (Decrypt)
- Crypto Exchange Kraken sees a handful of senior executives Departure: Source (Coindesk)
- Defu Development acquires nearly $ 15 million in ground, pushing Solana Holdings above 2 million tokens (the block)
