TLDR;

• Highlight of the Week: Grayscale files a Form 10 for the Bittensor Trust to expand access and transparency; subnet registration/deregistration returns under a 128 cap with a dynamic burn-based cost reset to 2,500 TAO; Latent launches omnichain liquid-staked vTAO.

• Ecosystem & Research: Bull case for the halving, a beginner’s guide to TAO, and Lium’s case for decentralized compute.

• Subnet Updates: New/live/updated: SN71 Leadpoet (AI sales agents), SN10 ($5M swaps, $12.9K buyback), SN68 NOVA Blueprint, SN106 commits 100% net revenue to buybacks, SN124 first autonomous drone flight, SN64 Chutes adds Ring/Ling-1T.

• Media & Community: Ventura Labs Ep.66 (VoidAI/Hansel), Hash Rate Ep.137 (SportsTensor), General TAO Kitchen Ep.1 (0xMarkets/SN35), Subnet Magazine × Metanova (NOVA Blueprint), plus DSV Revenue Search spotlights.

• Development Updates: OpenDev readies root-claim (15 randomized claims/block) and ships SDK v10.0.0 RC with a month-long community testing window and migration guide.

Highlights of the Week

⚡️ Grayscale filed a Form 10 for the Grayscale Bittensor Trust, aiming to become an SEC-reporting product, quote shares on OTC Markets, and publish regular audited financials—improving accessibility and transparency.

If the filing becomes effective and Rule 144 conditions are met after about 90 days, the private-placement holding period could drop from 12 to 6 months, potentially boosting liquidity. The Trust is still not an ETF and has no redemption program. Grayscale says it may pursue an exchange-traded product later if it qualifies.

⚡️ The core team announced the return of subnet registration and deregistrations, re-enabling churn under a 128-subnet cap where new subnets replace the lowest-performing non-immune ones, granting 4-month immunity to new entrants, and redistributing TAO from deregistered pools pro-rata to Alpha holders. The update also flips registration from a lock to a burn and temporarily resets the dynamic registration cost to 2,500 TAO (~1,100 TAO at time of posting), tightening incentives and raising the quality bar for builders.

⚡️ Latent Holdings has introduced Virtual TAO (vTAO), a liquid-staked TAO token that is omnichain via LayerZero and audited by Zellic, letting holders earn staking rewards while using TAO across chains. vTAO can be bridged from the Bittensor EVM to Base, Ethereum, Arbitrum, and more, with Solana support coming soon; try it at tao.app/bridge.

Subnet & Ecosystem Updates, Research, & Media ⬇️