Market Metrics

Total Crypto Market Cap: up 4.7% to $2.209T
Total AI Sector Market Cap: up 11.6% to $21.4B

Top Movers (7 days):

📈TokenFi (TOKEN): up 43.1% to $0.07107
📈Kizuna (KIZUNA): up 22.8% to $0.0₈4529
📈Commune AI (COMAI): up 21.6% to $0.2816

Weekly Highlights

🟠 Grayscale has launched two new investment trusts: the Grayscale Bittensor Trust, which invests in Bittensor's native token TAO, and the Grayscale Sui Trust, focused on the SUI token.

🟠 Daniel Cheung, co-founder a Syncracy Capital, is building more conviction in TAO. After the great depression of * checks notes * last Sunday, TAO has bounced back significantly.

🟠 Adarsh, head of AI at Capx, released a demo showcasing what AI task delegation looks like in practice. Definitely check out the demo and thread here.

🟠 Bidhan Roy, founder at Bagel Network, released an informative thread on RISE, “a new approach for fine-tuning LLMs where AI can learn from its own mistakes.” He definitely cooked on this, so go checkout the full post.

🟠 Fundraising for Web2 agent solutions is on FIRE! Could you all please spare us a crumb of those sheckles?

🟠 Sami Kassab, partner at OSS Capital, is cooking up another Bittensor Banger. We will share it with you all once he drops it!

🟠 563defi, head of research at Blocmates, released a thread on the Bittensor subnets that have recently launched. If you want to catch up on the Bittensor action, check out his thread here.

🟠 Greg Osuri dropped an Akash Ecosystem update for the month of July, highlighting a Prime Intellect integration, an all time high in daily spend, and the doubling of H100 capacity, among other updates.

Meme of the Day

BDs were in control of the Twitter algo yesterday. DevRel is in shambles, engineers are coping, and marketing was just vibing watching it all happen.