Overview
- Opentensor documented Covenant-72B, a 72‑billion‑parameter LLM pre‑trained permissionlessly across 70+ contributors with a 67.1 MMLU score, in a March arXiv paper.
- Jensen Huang and Chamath Palihapitiya highlighted the decentralized training run on the All‑In Podcast, with Huang likening it to Folding@home and calling open and proprietary models complementary.
- TAO traded in the $289–$310 range after multi‑day gains, as Santiment tracked daily volume peaking near $677 million and CoinGlass reported futures open interest around $361 million.
- Technical readings show overbought conditions with RSI near 77, and analysts cite stiff resistance around $300–$305 with a breakout seen on a daily close above roughly $302.
- Grayscale has filed to convert its Bittensor Trust into a spot ETF, while coverage also cites reported metrics including a trust premium, high staking levels, and claimed Q1 revenue figures.