According to a report by Grayscale research analyst Will Ogden Moore, Bittensor, a decentralized, AI-focused network, will undergo its first halving event on December 14th, marking the end of its first four-year cycle. This pivotal event will halve the daily supply of its native token, TAO, from 7,200 to 3,600. Bittensor, an open network combining AI and cryptography, allows users to freely contribute intelligence to improve its AI systems. The network has multiple subnets, each focusing on specific AI tasks and allocating TAO as incentives based on the utility of user input. Currently, there are 129 active subnets, offering a variety of AI-driven services including computation, data storage, AI agents, and deepfake detection. Moore points out that Bittensor's halving event aims to increase the scarcity of TAO by reducing the token supply allocated to network participants. He stated, “Bitcoin’s history shows that while rewards decrease, supply reduction can enhance network value, as its network security and market value are strengthened through four consecutive halvings. Similarly, Bittensor’s first halving marks a key milestone in the network’s maturation process, propelling it toward its supply cap of 21 million tokens.” Moore noted that Bittensor is currently experiencing strong user adoption and rising institutional interest. He mentioned that the launch of Dynamic TAO (dTAO) in February was a major achievement for Bittensor. This mechanism allows direct investment in subnets, leading to a dramatic increase in the total market capitalization of these subnets. Since the launch of dTAO, institutional investors such as Yuma Asset Management and Stillcore Capital have launched funds investing in Bittensor’s leading subnets. In addition, three publicly traded companies have established dedicated TAO treasuries. Among them, the leading company, TAO Synergies, currently holds approximately $12 million worth of the tokens. Moore wrote in his report, "Early success of certain subnet applications and increased institutional capital in the Bittensor ecosystem, combined with the upcoming TAO halving, could be a positive catalyst for price increases in our view." According to The Block's cryptocurrency price page, TAO rose 0.5% in the past 24 hours, trading at $282.31, and fell 28.4% in the past month. (The Block) Previous news: Bittensor will undergo its first halving on December 14th, reducing the daily supply of TAO to 3600.

According to OnchainLens monitoring, a whale has deposited $6 million USDC into HyperLiquid and opened long positions in ETH (20x leverage) and SUI (10x leverage). This whale also opened a long position in FARTCOIN (10x leverage) yesterday.

According to data from SoSoValue, XRP spot ETFs saw a net inflow of $231 million last week (December 1st to December 5th, Eastern Time). The XRP spot ETF with the largest net inflow last week was Grayscale XRP ETF (GXRP), with a weekly net inflow of $140 million, bringing its historical total net inflow to $212 million. This was followed by Franklin XRP ETF (XRPZ), with a weekly net inflow of $49.29 million, bringing its historical total net inflow to $135 million. As of press time, the total net asset value of XRP spot ETFs was $861 million, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 0.71%, and a historical cumulative net inflow of $897 million.

According to SoSoValue data, SOL spot ETFs saw a net inflow of $20.3 million last week (December 1st to December 5th, Eastern Time). The SOL spot ETF with the largest net inflow last week was the Bitwise Solana Spot ETF (BSOL), with a weekly net inflow of $65.11 million and a historical total net inflow of $593 million. This was followed by the Fidelity SOL ETF (FSOL), with a weekly net inflow of $14.11 million, and a current historical total net inflow of $46.42 million. The SOL spot ETF with the largest net outflow last week was the 21Shares Spot ETF (TSOL), with a weekly net outflow of $73.91 million, and a current historical total net outflow of $102 million. As of press time, the SOL spot ETF has a total net asset value of $878 million, an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 1.18%, and a cumulative net inflow of $639 million.

Odaily Planet Daily reports that Japanese Bitcoin treasury company Metaplanet has not conducted any new Bitcoin acquisitions since September 30th. The company has not yet explained the reason for the suspension. (Cointelegraph)