Gate News Bot Message, December 12th, according to CoinMarketCap data, TAO (Bittensor) is currently priced at $302.14, up 6.44% in the past 24 hours, with a high of $314.54 and a low of $270.71. The 24-hour trading volume reached $132 million. The current market capitalization is approximately $3.166 billion, an increase of $192 million from yesterday.
Recent Important News about TAO:
1️⃣ Grayscale Bittensor Trust GTAO Launches on the Secondary Market, Opening a New Gateway for Institutional Investors
Grayscale’s Bittensor Trust has begun trading on OTC Markets Group’s OTCQX secondary market, with the stock ticker GTAO. The trust’s initial assets under management are approximately $10.81 million, with a management fee rate of 2.5%. As Grayscale’s first public market offering since its establishment in August 2024, this move marks the official opening of an institutional-grade TAO investment product to a broader investor base, helping to attract traditional financial capital into the TAO ecosystem.
2️⃣ Bittensor Network Approaching Its First Halving, Significantly Relieving Supply Pressure
Bittensor will undergo its first-ever halving event on December 14th, reducing the daily issuance of TAO from 7,200 to 3,600 tokens. This supply halving mechanism helps increase token scarcity and supports price performance over the long term. Grayscale analysts pointed out that reducing supply has historically increased network value; based on Bitcoin’s four halving events, Bittensor’s first halving marks an important milestone toward network maturity.
3️⃣ Ecosystem Development Progresses and Institutional Capital Continues to Flow In
The Bittensor ecosystem is showing strong growth momentum. The dTAO mechanism (launched in February this year) allows subnets to directly invest, significantly expanding the market value of subnet-based applications. TaoWeave, a TAO treasury company, has increased its holdings by 2,439 TAO over the past month, reaching a total of 24,382 TAO, reflecting institutional confidence in TAO’s long-term value. Meanwhile, Gate’s YuBiBao platform also launched a TAO fixed-term investment product, offering lock-up periods of 7, 14, and 30 days, facilitating user participation in the TAO ecosystem and indirectly demonstrating the exchange’s positive outlook on TAO assets.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Nears a Fragile Bottom As CryptoQuant Warns of Bull Traps
Bitcoin (BTC) is entering another tense stretch, with CryptoQuant warning that the market’s supply-demand imbalance has sharpened in recent weeks and now looks less like a clean reset and more like the kind of messy deterioration that can trap late buyers. In its latest note, the analytics firm
BlockChainReporter10m ago
Did Donald Trump Just Kill Crypto Innovation? Here’s What Happened With Stablecoin Yield
The crypto market is reacting strongly to new political news, and this time it’s about stablecoin yield. Many traders believe a new draft of the U.S. Clarity Act could seriously limit how stablecoins generate returns, and that has already started to affect the market.
One of the biggest reacti
CaptainAltcoin14m ago
FTX Bankruptcy Liquidation's Unexpected Creation of a "Hedge Fund Harvesting Manual": Why Altcoins Lost to Bitcoin in Nearly Every Way from 2023-2025
FTX's bankruptcy liquidation created a new type of asset trading, where hedge funds achieve stable high returns by purchasing locked tokens at a discount and shorting them in the futures market, while retail investors become liquidity providers, leading to poor cryptocurrency market performance from 2023-2025. Bitcoin benefits from structural advantages due to its transparent supply and absence of locked tokens.
ChainNewsAbmedia20m ago
ETH SuperTrend Turns Green but $2,400 Stays Unbroken
_Ethereum’s daily SuperTrend flipped bullish for the first time since May 2024, but $2,400 resistance keeps blocking any real breakout attempt. Is ETH ready?_
Ethereum ran into a wall. Again. After weeks of grinding between $1,750 and $2,150, ETH finally broke above the range ceiling, pushed into t
LiveBTCNews24m ago
Why XRP Price Risks Further Decline Despite Recovery Signs
Recent XRP price action shows a market that looks steady on the surface but still carries underlying pressure. XRP currently trades around $1.43, up about +0.70% over the past 24 hours and roughly +2.33% across 30 days, yet it remains down about 3.97% over the past week.
That mixed
CaptainAltcoin43m ago
