Verri, CFA

@opentensor is the agentic marketplace all agents will buy their intelligence from. What currency will they use? USDC? That’s for humans! Agents will use $TAO

BREAKING: Iran says it has "forced" the US to accept its "10-point plan" which includes the following terms: 1. Commitment to non-aggression 2. Iran’s control over the Strait of Hormuz 3. Acceptance of Iran's uranium enrichment 4. Lifting of all primary sanctions 5. Lifting of all secondary sanctions 6. Termination of all UN Security Council resolutions 7. Termination of all Board of Governors resolutions 8. Paying compensation to Iran 9. Withdrawal of US combat forces from the region 10. Cessation of war on all fronts, including in Lebanon Trump says this plan is "a workable basis."

“ComputeHorde's answer to a centralized bottleneck is a decentralized pool, governed by on-chain incentives rather than vendor contracts, drawing on idle GPU capacity distributed across the globe and, until now, entirely without a coordination mechanism” @ComputeHorde @taomedia_

This is wild: Citrini sent a dude with $15,000 cash, recording sunglasses, and a pack of Cuban cigars to the Strait of Hormuz. What he found flips everything Wall Street thinks about the strait on its head. Every hedge fund, every macro desk, every retired general on CNBC is watching the same AIS shipping data to price Hormuz risk. The analyst signed a pledge at an Omani checkpoint promising not to gather information, then smuggled in a gimbal, a microphone kit, and a 150x zoom Leica camera past the border officer who inspected his bag. What he discovered on the ground: the AIS data everyone is trading on is missing roughly half of what's actually transiting the strait on any given day. Ships are going dark, spoofing destinations, broadcasting "CHINESE CREW OWNER" through transponder fields to avoid getting hit. Iran's ghost fleet is running 29+ laden tankers inside the Gulf with transponders off, moving an estimated $3B in crude to Malaysia since the war started. The entire market is pricing a "closed" strait off satellite imagery and transponder data that has a 50% blind spot. Every oil model, every supply forecast, every macro call built on AIS throughput numbers is working from a dataset that systematically overstates the disruption. When the signals deliberately go dark, the people staring at dashboards are the last to know what's happening. Citrini figured that out by putting a guy on a speedboat 18 miles from the Iranian coast while Shahed drones flew overhead. The gap between "what AIS says" and "what's actually transiting" is the most mispriced variable in energy right now.

Crypto Fear & Greed is at 8, similar levels to COVID in 2020 and the 3AC/LUNA collapse in 2022. It always feels terrible after price goes down a lot. But that's precisely when we should start looking to buy long-term spot bags. Short 🧵

Oil Drops On Reports Of Iran-Oman Coordination To Reopen Hormuz Strait, While Exchange Of Strikes With US-Israel Intensify zerohedge.com/geopolitical/i…

Bullish crypto or bearish usd?

Just the start to an eventual $TAO takeover

“The most important thing RedTeam is building is an architecture for how defenses get generated and deployed at machine speed” @taomedia_ @_redteam_ Decentralized cyber will win

@wallstreetbets @YumaGroup Let @taomedia_ if you need any help

Breakout in SF has been super bullish. Very optimistic about $TAO... haven't felt this way since the early days of Bitcoin and Solana. Thinking about writing a longer form post on my thoughts and discoveries so far, who's interested?

@frankdegods What bar is it?

saw a tiktok for this bar in nyc you can go solo and i passed by it today so i went in legit 70% of people there were solo got 2 ig’s legit just sitting at the bar super productive sunday icl

@Mavericks100xs @Pumpfun It’s not Pumps fault. They just built the platform. It’s the people pumping and dumping

My petition to hold @pumpfun accountable is blowing up sign to hold them accountable for all our losses as pump fun is a monstrous liquidity extraction machine designed to drain liquidity en mass from retail investors change.org/p/hold-pumpfun…

Top Iran War Headlines The Pentagon is developing military options for a "final blow" in Iran that could include the use of ground forces and a massive bombing campaign: Axios Israel killed the commander of Iran’s Revolutionary Guard navy, Alireza Tangsiri, along with senior Iranian naval command officials, in overnight strikes, Israeli Defense Minister Israel Katz said. President Trump has told associates in recent days that he wants to avoid a protracted war in Iran and that he hopes to bring the conflict to an end in the coming weeks: WSJ Iranian state TV quoted an anonymous official as saying Tehran had rejected the plan it had received via Pakistan, saying it would “end the war when it decides to do so and when its own conditions are met”. Iranian FM: “At present, our policy is the continuation of resistance. We do not intend to negotiate - so far, no negotiations have taken place, and I believe our position is completely principled." The White House said the US was "very close to meeting the core objectives in Iran", but warned Donald Trump was prepared to "unleash hell" if Iran does not accept defeat. Trump insisted negotiations were still under way and claimed Iran wants "to make a deal so badly” but that "they’re afraid to say it, because they figure they’ll be killed by their own people". VP Vance may travel to Pakistan this weekend for potential talks with Iran. Iran has threatened to start disrupting the Bab El-Mandeb Strait – the vital one in the Red Sea, connecting Mediterranean with MENA/Asia, if attacks are carried out on its territory or islands. Iran attacked a power plant in Israel but state monopoly said there was no damage to infrastructure. Iran said US and Israel attacked vicinity of Bushehr nuclear plant. Media coverage of potential scenarios of Kharg island takeover has intensified in the last 24 hours. Iran’s parliament is reportedly working on bill to impose fees on ships in Strait of Hormuz. Israeli military said this morning it has carried out a "wide-scale wave of strikes on Iran". The Telegraph: Russia has begun arming Iran with drones in what is the first known transfer of lethal munitions from Moscow to Tehran since the war commenced. United Kingdom is discussing with global partners “a viable plan” to secure maritime traffic in the Strait of Hormuz.

@jonnyjpgs Do you even know what $TAO is? lol

I wouldn’t touch $TAO with a 10 foot pole. Don’t overcomplicate things, buy $LINK and sit on your hands.

Look at this $TAO subnet chart Then, look at the numbers. And tell me with a straight face these subnets are overvalued. Bittensor subnet economy, all 128 slots combined, is worth about $1.36 billion. Everything. Compare that to how the centralized world prices similar businesses. Together, AI is reportedly discussing a raise at a $7.5 billion valuation. Their business is simple. Rent GPUs. Serve open-source models through an API. Now look at @chutes_ai SN64. Same broad category. Inference infrastructure. Open-source models. API access. Huge user growth. Real usage. Decentralized rails. Market cap around $126 million. That is the kind of gap people are still not understanding. Look at CoreWeave. Roughly $38 billion market cap. Massive projected revenue, yes. But also massive capex, huge debt, and huge losses. The market still gives them the valuation because compute is that important. Now look at @TargonCompute SN4. Confidential compute. Hardware-level validation. Intel co-authored work around their architecture. Real enterprise-grade angle. Market cap around $81 million. You are looking at one world pricing centralized compute companies in the tens of billions, and another world pricing decentralized versions at fractions of that. Not normal. It's mispricing. Then there is @tplr_ai SN3. Around $125 million market cap. Templar trained Covenant-72B in a decentralized way. No single company. Just global GPUs coordinated through incentives. That is a technical milestone. And it got noticed. When a subnet proves decentralized training at that scale is possible, it is not just bullish for one token. It raises the credibility of the entire Bittensor architecture. Then look at @webuildscore SN44. Roughly $38.8 million. Real partnerships. Real deployment. Real customers. Sports, agriculture, energy, retail. The kind of traction that in Silicon Valley. Then @ridges_ai SN62 around $46 million. Agent infrastructure. And this matters because if the agent economy really grows the way many believe it will, then the infrastructure underneath those agents becomes one of the most important layers in the whole stack. Then @affine_io SN120 around $61 million. Reasoning. At a time when reasoning is becoming one of the highest-value capabilities in AI. Then @MacrocosmosAI SN9 @IOTA_SN9 around $39 million. Training and data infrastructure, in a world where training quality and data quality keep becoming more important. Then @MetaNova SN68 around $26 million. Still valued below what plenty of mediocre startups raise in early private rounds with far less visibility and far less proof. And that brings me to the part most people in crypto still do not fully grasp. A private valuation is not the same thing as a live market cap. When VCs mark a company at $7.5 billion, that number is usually based on one financing round, one set of terms, one class of shares, and one protected group of investors. You cannot buy it freely. You cannot sell it freely. There is no real-time global price discovery. When a subnet has a market cap of $126 million, that is a live market. Anyone can enter. Anyone can exit. It trades 24/7. The price is constantly being tested by the market itself. In a lot of ways, that number is more real than the inflated private marks people keep using as benchmarks. And still the centralized company gets 20x, 40x, 60x the valuation. That is why I keep saying people are not thinking big enough. The whole subnet economy at $1.36 billion is less than what Silicon Valley gives a single hot AI company. Less than what hyperscalers spend in no time. Less than what the market is willing to forgive in losses if the story sounds big enough. Here you have 128 separate AI and startup-like markets running at once. Inference. Training. Reasoning. Vision. Storage. Prediction. Agent infrastructure. Compute. Real estate intelligence. And more. All competing in public. All priced in real time. $TAO DYOR.

1/☁️ Sanctum App is now live on @solanamobile! Start earning up to 10% APY on your SOL, stack your first XP points, and introduce yourself to Albus. Seeker Season coming soon…

The @Bitcast_network flywheel is REAL! “The network is paying creators to educate the world about itself, which means audience development for the broader Bittensor ecosystem is embedded directly into the ad platform's tokenomics and compounds with every campaign that runs.” 🎡

THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.