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🙏World Predictions on Russia China Ukraine North Korea Ireland by Michelle Whitedove🙏
December 11, 2022
December 18, 2022
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WORLD PREDICTIONS & PSYHIC INSIGHTS by Michelle Whitedove written Nov. 18, 2022 and first published on her Patreon Nov 20, 2022 - this is an excerpt of the 33 page report

WAR

NUKES. Just about a month ago, there was a strong feeling on the possible of use of nuclear weapons in the Russia-Ukraine war. Seems that's not the big sentiment right now. How do you feel about that today?   Russia doesn't like how things are playing out.  Please know that Putin and those men are killers. He is so MAD!! He's trying to make his move, but he's not going nuclear right now. Russia is looking at us and going, "What the hell? The West -“the conglomerate” Putin called it! Putin knows that the US government is not being run by We The People. The US is being run by corporations, the US Military Complex.  Putin still intends on bringing Russia back together for unification.               

The big heads are trying to come together to figure out what to do with this Ukraine-Russia-Nato-US War, because there is something going on with its finances.  The USA has sent $91 Billion to the Ukraine. How much has been a kickback to politicians – a lot!!  As we know all the money has been called in from the Vatican and everywhere… some-how there is a connection to this Ukraine-Russia War.  Nuclear War is still on the table, but they know that if they do - it will be the demise of everything. But it only takes the push of a button.  

THE BIG ELEPHANT IN THE ROOM

CHINA. The Republicans knew what they were doing and the Democrats wanted to get money from China, and nobody wants to talk about that on TV, because nobody talks about their dirty deals with China. That's the big elephant in the world and nobody wants to speak on it publicly. Why, because the global politicians sold us out to China. Congress has been and still is being lobbied by China and corporations are being given large donations and “gifts” to sway decisions in their favor. Many government officials and the Biden Family have been doing crooked business with the CCP for years. They got big money to be influenced and leveraged by the CCP and they did that out of personal greed, and this is the result. This is why the USA and many Governments around the world are bowing to the WEF and China. Where we are today is the direct result of blackmail, theft of funds, payoffs and corruption in its many forms. They have set us up for a destruction of freedom and allow China to infiltrate. The CCP plan is a communist global takeover; they want America, that is THE trophy!! 

Ireland. The CCP is looking for islands and land, ground, soil that will bear good crops. I see that China wants to take over Ireland. Will the Irish let that happen?

China and NK. Biden met Xi for more than three hours on Monday, ahead of the G20 summit in Bali, their first face-to-face meeting since Biden took power. Biden said he told Xi “they had an obligation to attempt to make it clear” to North Korea that it should not do another missile test. What will NK do?

Yeah. Well, North Korea, for years and years and years, they do some missile tests. They get a lot of reaction out of all the different governments. China eventually tells them, "Cut the Crap," They stop. They go quiet for a while, then they come back out and they do it again.   Lil’ Kim as I call the NK Dictator, oh he wants to do more. Oh yes, he would love to bomb Japan and Hawaii. I see him, he acts like an evil child playing video games; nuke them, blast them, kill them… that’s what he wants to do. China is the ONLY thing that keeps him in check. Lil’ Kim has no regard for human life, he’s so sick, he feels glee by starving his own people.

SOCIAL MEDIA & INFLUENCERS

Twitter. Will Elon Musk’s Twitter become a Trillion dollar company like Facebook, Instagram, TicTok?    Why does Joe Biden hate Musk?

Right now, Elon is so pissed off. Oh, my God.  All the industry leaders are so mad, because they know what's going on with the global economy and the poor decisions being made. Well, the smart ones are!! They know what is being done on a global level. That's why he bought Twitter.  

Elon Musk is an enigma, he likes being unpredictable.  Everybody is into social media and streaming; Twitter ain't going anywhere. Elon, he's for free speech. 
I see that he is He's already regrouping. He's rebuilding.  

Will Elon eventually create a Trillion Dollar Company. Yes!   Elon is so infuriated. Someone told me that Joe Biden had the audacity to say the other day, "We need to look into Elon’s business and see if he's compromised."  That’s funny when it’s Sleepy Joe that’s compromised.  

Spirit is saying Elon is building an army - a different kind of army though. He's looking for an army to scan everything from the skies, the planets, to the deep seas, to the north, to the south, to everywhere on Earth - he is gathering his army of specialists. Oh, my God. That's interesting; I’m going to remain quiet on that vision.  Although Elon has aspirations to reach the top of many industries.

Amazon. What is Amazon’s Jeff Bezos really up to? He just awarded Dolly Parton $100 million and said he’s giving away the rest of his “fortune”.

Right now, Jeff Bezos is giving money for the right reasons. It's for the good of humanity. Sure he’s doing the tax shelter thing. Right now he is in a really good place on a personal level. You see his partner or wife? Oh, she's giving him the love and keeping him stable and he doesn't even care about the money. Yes, he’s done a lot of bad stuff, but now he is doing some good things. That's good. Yeah. He's trying to redeem himself.

Background: Country music star and philanthropist Dolly Parton has received a $100m prize from the Bezos Courage & Civility Award, an honor that recognizes leaders who “pursue solutions with courage and civility”.  Jeff Bezos, the billionaire founder of Amazon.com and owner of the space rocket company Blue Origin, announced the award last week along with his longtime partner, news anchor Lauren Sanchez.

Banned. What Does spirit feel about Andrew Tate, his movement and his University to teach men how to build an empire.  Is he a Good guy exposing the matrix and the globalist Cabal trying to empower men, or bad guy?

Andrew Tate warning psychic prediction Michelle WHitedove

He's radical. Andrew Tate, he’s a man’s man, and it’s sad that deep down he hates women. Wow is he jaded. Spirit said he just put the biggest target on his head. He's so stupid, he's going to be knocked off if he’s is not careful. He’s a bigmouth  with a God complex. I would not look to him for advice. He’s not got a good heart.

Background Emory Andrew Tate III is an American-British Internet personality and former professional kickboxer. Following his kickboxing career, Tate began offering paid courses and memberships through his website and later rose to fame as an online influencer – then cancelled on most social media platforms for his language and bashing women. 

Meta. Will Facebook’s CEO Mark Zuckerberg's version of the Metaverse come to fruition as fully implemented - he recently did major layoffs?

I see that Zuckerberg is on a downward spiral ... he crashed, burned, and now they're trying to get him back up.  His life force is literally very low. It’s as if he has very little life left in him, in his eyes. But he doesn't understand that you're either clean or you're dirty. He's dirty. His Metaverse isn't doing very well. He has to regroup because he's so messed up in the head – literally.  I think he’s chipped, they gave him a God complex with a chip in it. They're chipping them now.  

Even with all of his money and his brains, he's struggling. He's trying. They're all just so shocked, all these guys that are running the world,  that they didn't think that the mighty would fall. Nobody knew who the mighty were, and now the mighty are coming out but they don't want to come out. They've been stripped down from everything. They're not the big dogs they thought they were.

Yeah. The Shadow Government has their own way of reality checking the big dogs by changing all social forms. If you look at what you're seeing on TV, people don't want it. They're looking for movies, or if they're on their phone chatting, because everybody wants to be loved and be social, but that takes real human interaction.  It all shallow and fake on the computer.  They just want us to be ants pounding our computer keys in the matrix.  

Well the good people of the world, we Americans, the souls that love life, we won't have it; we need joy, laughter. The people will take a stand, and we will stand and we stand in light and we will hold that light so the darkness doesn't take us.  So Please everyone, take good quality time away from your keyboards - - hang out with the people you love. That is where LIFE is, have a meal, have a drink and share some laughter. Make memories!!

THE GREAT RESET

MIDTERMS: It’s what we predicted it would be,  a “coin toss” and a “divided America.”  We predicted the Senate was a coin toss and that while the Republicans should take the House, anything can happen and it was not a slam dunk because “elections can be stolen.”  Well here we are today, people are still divided. 

JOE BIDEN: House Republicans just announced an investigation into President Joe Biden's family, including his son Hunter Biden, They are probing the Joe Biden Family on International Business deals, during a press conference that the probe looked at Hunter Biden's business dealings and Joe Biden's alleged involvement in them. At one point, he alleged that one Suspicious Activity Report (SAR), a type of document that banks have to file with the Treasury Department, "connects Hunter Biden and his business associates to international human trafficking, among other illegal activities."  Will this force Joe Biden to Resign?

Let me tell you. Joe is a pedophile and rapist and that's all he wants, and his wife is always trying to find him and all the Democrats are surrounding him, because he can't speak. He may look like a nice grandpa on the outside, but this guy is so sick and sadistic. He's just a stick with a mouth that the Democrats are speaking through, and the Republicans are like, "Oh, my God."  It seems like they can't indict him and he refused to resign. He's going to die.  Yeah. They're just going to make a big show of it. He'll just hang around and eventually he'll die or they will force him to resign.  

If they don't take Biden out of the equation, we're all doomed, the puppets that control him are crazy. They are. It's just everybody is trying to figure how to do it without the whole world knowing that we did it.  I can give you from God's voice to my ears that there is no way in God's heavenly kingdom that Joe Biden will be running next term. I can guarantee you that.

 BACKGROUND House Republicans announced an investigation into President Joe Biden's family, including his son Hunter Biden, on Thursday just a day after winning control of the lower chamber of Congress in the midterm elections. https://www.newsweek.com/republicans-announce-hunter-biden-probe-human-trafficking-1760429

2024 US VOTE: Do you see the voting system changing by the next election, where it is more authentic? Will it be changed? Yes. They'll make some changes to it.  We'll fight for that change. We'll fight for voting changes before the next presidential election. Well, people don't trust it, I've always said it's rigged. They better or everybody is going to go crazy. They have to start making some incremental improvements. 

Trump?  Remember when I predicted Trump would not back down and that he would run again.  Well, he just announced he will, but so many don’t want him to.  Yet so many prefer Desantis.  But that doesn’t matter to Trump.  He is running.  He's going to run.

VAX PASSPORTS: G20 is pushing for vaccine passports for international travel.  Will they get this passed?   G20, vaccine passports, No, People will rebel. They won't get it implemented the way they want.  No. 

Background:zerohedge.com/political/g20-declares-vaccine-passports-needed-future-international-travel “The G20 has issued a formal decree promoting vaccine passports as preparation for any future pandemic response in its final communique. Indonesian Health Minister Budi Gunadi Sadikin, speaking on the matter on behalf of the G20 host country, had earlier in the summit called for a "digital health certificate" using WHO standards. Sadikin advocated for that he dubbed a "digital health certificate" which shows whether a person has been "vaccinated or tested properly" so that only then "you can move around".

Prepping. Considering the Diesel supply shortage issues at hand, should we stock up on more than one week of food, a month , 2-3 months ? How are food shortages feeling to you now as the Northern hemisphere heads towards Winter? 

I'd say prep as much as you can. Let’s say six months get stocked up for 6 months to a year, because you are going to want to help others too. 

Power Outages.  Because our economy is falling and everybody is inside and everybody is hustling on the computer, we're soaking up so much from the energy grids. They want us to be happy and tuck us on our little houses and make like nothing is going on. But going fully electric is not the answer. We are drawing too much on the power grids – and this is not sustainable.  There will be more and more blackouts.  Do what you can in your house holds to lessen your usage: turn off lights that are not needed, unplug power cords. Stay prepped

Humanity Timeline. Hold on I see 2023, 24, 25. Okay, something big happens in 2025, They're scrambling. They're going to reset but the people are still leaving, many souls are going to go. When we start getting to 26, 27, 28, things are coming unstable again. Hold on. Then we're at 2030, it’s the breaking point of what do we do? Do we spread the love and the joy? Do we find peace and harmony or are we all going to kill each other? God's going to say, "Stand up for humanity Now." Then 31, 32, 33. We reset.

LOCATION:

South Florida, USA. Real Estate Question: Should I buy a rental in South Florida? Regarding rentals, especially in South Fl.  This is an area specific type of question and FL is very unique with so many homes being hit in certain areas (hurricane damage etc.). Not to mention, clearly, FL has more people moving in then leaving and you know what that does to rents.  It’s a supply and demand game.  In time, short term/vacation rentals will take a hit as people have less expendable income for travel and vacations.  You only invest in rentals if the math works and there is enough margin to cover economic down turns.  If the margin is too slim, then it is a risky business, even in good areas.   

Real estate is not the slam dunk many people think it is and prices are dropping just like we predicted they would.  It is a case by case question.  Push the ego aside and trust your gut.  Generally speaking about real estate, here is what I wrote a couple of weeks ago and it still applies: "REAL ESTATE. It’s playing out like we predicted. Higher rates have shocked the real estate markets and remember what I shared over a year ago “2021 would be good but sometime in 2022 things would turn and that would not be a great time to be a real estate agent. Markets are different in different areas, but as a general rule, real estate is going to be a tougher industry until rates come down. Sure, in certain areas with cash buyers that is one thing, but overall, in general terms, real estate is trending down now."


 SPIRITUAL INSIGHTS by Michelle Whitedove

UFO’s. Is it possible for many to look up into the sky and some see a UFO/UAP easily and clearly while others see nothing at all?  Well there are a couple of reasons. Some people are fearful, they attempt to look for UFO’s but their fear stops them. If you are truly open, you can call on them. Go outside, and telepathically say that you want to see them. Call them with your mind.  Have you read the Billy Meier story?   The Swiss man that photographed many UFO’s in the 1970’s – his photos are legit and he has an interesting story of how they would visit to him. At some point they just stopped coming, Spirit said that he became too jaded.  But Star Beings have the ability to cloak their UFO’s; they are not easy to see unless they WANT to be SEEN. Those beings and their technologies are far more advanced than we can comprehend. Also check out the documentary Capturing The Light this is a Canadian woman that documented craft visiting her for years also. These are both authentic stories.

Souls.  Who and what has a soul? Yes, humans do, animals do… but do ants and trees? And rocks? Aliens?  Do all souls reincarnate?  This is interesting (big smile) Well the elements are alive and they have consciousness, God created them to help sustain our lives: the Air, Water, Earth & Fire.  Yes that true, they are alive. That’s why with Prayer and especially group prayer we can help to manipulate those forces of Nature. You can actually move a hurricane, with group prayer, You can infuse water to change its structure … this is covered in the documentary The Secret of Water. Also know that Native Americans and all indigenous people will pray for rain and then it comes, they can call on the wind too.  Daily when I pray, I pray for our oceans and I send healing prayers to the waters and to the enlightened sentient beings – the whales and the dolphins. Maybe you will do this too?  

Insects and trees reincarnate within their own species. Star beings are just like human beings, we are all God’s children, we reincarnate depending on our spiritual development – there are many dimensions, realities and planets where we may choose to reincarnate for the souls growth. Earth is a just a speck at the end of the dragons tail  - also called the Milky Way.

Energy Enhancement System. Can you ask Spirit about the Energy Enhancement System from Dr. Sandra Rose Michael?  Yes I see a photo, as we know sound frequency and music can be successful healing modalities. Although with this machine, I feel that it needs more work.  Defiantly a placebo effect but I’m not seeing a great amount of permanent healing taking place.

Sleep. I occasionally feel like my brain downloads data when I sleep. Is this possible?   Yes, absolutely. You can down load information that you need while sleeping. You can ask your Guardian Angels and Spirit Guides for solutions.   

The famous psychic Edgar Cayce would channel his higher self while asleep in a trance-like state. As a child he would put a book under his pillow and the next day he would retain information that he needed.  And as I wrote before, Thomas Edison would focus on a problem with his invention and then take a “cat nap”
as he called it – many times he awoke with answers!!  Remember we are multidimensional beings and more powerful that we know!!

Predictions. Michelle giving thought to the cheating of 2020 US elections and nothing was really done, there were several trusted voices telling us to go and vote. But you Michelle have always been like: ..."it's the same rigged game"
... I sense there is more here. Are you able to tell something more about this? Why you transformed the message?                    

With Predictions, as I look into the future I see the rigging, I see more lock downs, I see another virus, I see they want to crash our global economy. At times it feels so hopeless, when I am given visions of the most probable future. Although Spirit tells us that “We Create Our Future”, so with positive actions and faith in action we can manipulate and create change. “Doing Nothing” always gives the same results.  So when Spirit gives a prediction that we don’t like - we can take action to move in the opposite direction to influence the outcome. We can lessen the effects, and sometimes with the right actions like changing laws, kicking out crooked people or we come together as a whole (like a revolution) we can change everything. Corruption is rampant. A peaceful revolution is what we need on a global scale – to be like Gandhi. And also Pray for Divine Intervention – this works wonders! 

Love. Peace. Harmony. The Love Dove wants to see some joy. And I want you to have it too! We need joy, we need laughter and we need more love in our lives. People need to start interacting with people, and animals, the forests, the ocean, and the things that God gifted us, instead of on electrical devices that give us cancer in the end.

The bottom line is we all want a piece of the pie, but everybody gets greedy, ok not everyone. The problem is that too many people are just sitting here trying to hustle and make it, using these machines 24/7 BUT we have to create balance and peace.

Can we just have some peace? Right now, everybody is just down because all the money, economies are down, so everybody is flipping out and they're doing crazy things and they're making crazy moves out of fear. Instead of being calm, rational, praying, meditating.

Get away from everything and everyone if you have to.   Sit with yourself, unwind yourself, rely on yourself, look back, then pay it forward, and then give a little bit more than you got. And then watch how your abundance flows.  Yes, I understand that a lot of people are here in our Patreon group, because they want to learn about cryptos and they want to make it big. But money is just a small part of the equation and it can't be the driving force in life. 

LOVE and your connections to others souls and to Great Spirit are the most valuable commodities in the universe.  So count your blessings and the people that you love.  And be sure to give a helping hand to those in need. Now is the time when our humanity is tested. Let your light shine!

I send you love and light,

Michelle Whitedove

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Background on the Deal: Hyperliquid had ~$5–6B in USDC deposits (a huge chunk of total USDC supply, often cited around 7–8%). Previously, the interest/yield on those reserves (~$180–250M annually at prevailing rates) mostly flowed to Circle (issuer) and Coinbase (key partner/treasury handler), with little returning to Hyperliquid.
 
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In May 2026, Native Markets sold USDH brand assets to Coinbase. USDH is being sunsetted over time (with feeless conversions/redemptions to USDC/fiat), and USDC becomes the primary/official Aligned Quote Asset on Hyperliquid. Coinbase acts as the main treasury deployer; Circle handles minting, redemptions, and cross-chain (e.g., CCTP).

 

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Massive, sticky distribution in a high-growth venue: Hyperliquid is a leading on-chain perp DEX. USDC gains preferred status as the quote asset for most trading pairs, reducing friction vs. bridging/swapping other stables. This concentrates liquidity, improves efficiency, and funnels more capital flows through USDC.

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  • Longer-term consolidation play: Analysts see this as part of stablecoin market consolidation around established players with liquidity and infrastructure. Fewer conversion layers = better efficiency for USDC.
     

The Trade-Off (and Hyperliquid's Win)Hyperliquid gets ~90% of the reserve yield (estimates: $135–160M+ annually at current balances, potentially scaling to $300–500M with growth), funneled into protocol revenue/HYPE buybacks. This is roughly double what they got from USDH and turns stablecoin balances into a resilient revenue stream (less volatile than trading fees).

For Circle/Coinbase, they give up a big share of yield (analysts estimate $60–80M hit to combined EBITDA) but retain/expand USDC's role as the backbone stable on a major platform. It's a strategic distribution win over building or competing with a new native coin.

 
🎯Bottom Line: USDC trades some margin for premier, high-volume real estate in perpetuals/DeFi trading—the exact use case driving massive on-chain dollar demand. This cements its lead in the evolving stablecoin wars, especially as platforms demand better economics. The deal highlights shifting power dynamics: big platforms now negotiate hard for yield share.

 

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Handshake Wants to Be the Front Door to Bittensor’s Agent Economy

In this Beanstock interview, Harry Jackson of Subnet 58 (Handshake) lays out a thesis that’s worth understanding even if you never buy a single SN58 alpha token. He also explained where Bittensor’s agentic layer is heading.

We wrote the high-value distillation:

The one-line thesis

Handshake wants to be the front door to the agent economy on Bittensor. The Amazon-like gateway where AI agents discover, pay for, and stack together skills from across all 128 subnets.

Why this matters now
  • There’s a critical distinction Harry emphasized: AI is intelligence, but agents need tooling. An LLM without payment rails, plugins, and workflow infrastructure is “a young person trying to cut a tree down with a pen knife.”
  • Agent-to-agent commerce is on the edge of going viral. Harry’s prediction for the tipping point: a woman in her 40s lets her agent do her shopping end-to-end (research, stock check, autonomous payment), posts it to social media, and it becomes the “four-minute mile” moment everyone copies.
  • Bittensor is uniquely positioned because agents don’t care about marketing or pretty UIs. They only care about best-in-class products and services. That’s exactly what Bittensor’s 128 subnets produce.

The product reality (what’s currently shipping)

  • Handshake is live with paying users generating a few thousand USD in revenue as of today. The business model: 2% of every transaction on the platform.
  • The flywheel is Amazon-like: better skills → more agents arrive → providers get distribution → more skills get added → cycle repeats.
  • The headline product on the way is Axiom. This is an agent that trades subnets while you sleep. Built around the realization that what the Bittensor community wants from agents isn’t generic skills; it’s more TAO. Each “hole” they find in the agent becomes a new tradeable skill on the marketplace.

The investment angles (read these carefully)

  • The moat is data, not distribution. Every workflow run by an agent generates failure data, success data, payment data. No outside competitor can replicate that without running the marketplace itself.
  • The metric Harry tells you to judge them on is revenue. Not agent count. Not user count. Revenue, which is publicly visible on-chain via the front page of their site. He’s basically inviting investors to hold him to it.

  • The pitch for emissions: the biggest TAM in Bittensor is the agent market, and Handshake is the most integrated subnet, meaning if Handshake wins, the subnets it routes to all win too. Bullish on agents + bullish on Bittensor = bullish on Handshake by transitive logic.

Where Harry stands on the Conviction

  • On the conviction upgrade and locked alpha: he’s fine with it. Handshake is a revenue-focused company, so locked alpha isn’t a survival issue. He acknowledges it’ll be harder on research-stage subnets that need to raise external capital, but argues most subnet founders are thinking long-term, not short-term extraction.
  • On the broader vibe: he just got back from Bittensor events in Spain and San Francisco. He observed that the overwhelming reality of the ecosystem is people working hard to build the best products. “It’d be a lot easier in some ways to build a company outside of Bittensor.” The only reason to do it on Bittensor is if you actually want the moonshot.

Full interview below:

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🚨The State Of Bittensor (TAO)🚨
Greg Schvey | COO at Yuma Group

Last week at the @YumaGroup Summit I had the opportunity to present on The State of Bittensor. That presentation is in the thread below. If you choose to read it, I'd ask that you keep the following three things in mind:

  1. This is just one guy's view of what was the most relevant for a 25-minute talk; a difficult filter for such a dynamic industry.
  2. The slides were designed to supplement a talk; I've done my best to replicate what I recall of the talk in the accompanying X posts.
  3. The topic of the Summit was "The Tipping Point" - a candid assessment of what could lead to Bittensor's breakout success and what evidence we see of that today - which also thematically anchored this presentation.

Let's dive in:

We are in the most important race in human history – the race for intelligence itself. AI has advanced beyond the point of no return. As an example of what I mean: Ramp is a widely used financial services platform for companies. They looked at spending and revenue across their clients since the launch of ChatGPT: Companies who did not spend on AI have had flat revenue for the last three years. The top quartile of AI spenders have grown revenue by more than 100%.

We are already at the point where investing in AI is a matter of survival. But what exactly are we getting for the hundreds of billions being spent? Right now, its overwhelmingly going to corporations who have repeatedly shown they don’t have our best interest in mind.

 

 

Claude Opus 4.6 – the leading deep thinking model, had a measured hallucination rate of 16% in February. Then, without telling anyone, Anthropic throttled its reasoning – presumably to reduce GPU utilization – and didn’t tell anyone. Hallucinations climbed to 33% - a 98% increase.

They only admitted it after third party benchmarking proved it. And they were still charging everyone at the same price the whole time. Even since my talk last week, they've supposedly been found to be throttling people simply because HERMES.md was in their commits. You may say, "well there are solid open source options..."

 

 

Yes, open source models have gotten very good, but they’re not immune to capture either. Try asking DeepSeek what happened in Tiananmen Square and then let me know if that’s the intelligence you want to trust.

 

 

This needs to be addressed right now or it will be too late. To give you a sense of what I mean, this is a chart of the total annual commits on GitHub. That’s 500% growth since the launch of ChatGPT in 2022. From 200M per year to a one billion in 2025. 2026 is on track for **14 billion** The genie is out of the bottle – there is no going back; we are already at the exponential inflection point.

This reminds me of many years ago: Bitcoin shined a light on how much our rights were impacted when we became dependent on private companies to run our day-to-day lives.

Your right to privacy? That doesn’t extend to your bank account. Your "money" is just a ledger at a private company, available for interrogation and suspension at any time. Bitcoin gave us back the sovereignty of our wealth.

Similarly, we’ve depended on things like privacy of our medical records and attorney client privilege for our entire lives. What do you think is going to happen when a private company’s servers are giving you legal and medical advice? Who are you going to trust for that intelligence? The company that lobotomized its top model? The model constrained by the foreign governments? As I said at the beginning, we’re in the most important race in human history and Bittensor well may be our best shot at winning.

 

 

One of the things about having a different model to produce intelligence is it requires an economic system suited to it. Subnets are the intelligence and economic engines that drive Bittensor’s value. That’s why the Summit was themed around The Tipping Point: understanding how subnets can reach breakout success and what we can do to help.

To summarize Bittensor's intelligence economics: miners create intelligence for which they earn subnet tokens. In many cases they sell those tokens to fund operations, putting downward pressure on token prices and decreasing the incentive to mine (similar to bitcoin). In parallel, if that intelligence is being used to generate real world value, one of the parties who benefits from that value (e.g. the Operator monetizing it, institutions using intelligence commodities to advance their research, etc.) can buy the subnet tokens to keep token prices elevated and sustain the miner incentive.

Investors get to participate in this process, often supporting token prices before the commercial value of intelligence is realized, and/or subsequently holding an asset that parties gaining fundamental value from the intelligence (eg Operator or others) will need to purchase at some point in the future if they want to maintain sufficient incentives for the intelligence machine to continue running.

For Bittensor to succeed, this value loop has to work. So, to understand the State of Bittensor, we have to take a look at how that’s going today and what that means for the network overall.

 

 

One of the many unique features of Bittensor is that subnets are native to the protocol. That is not the case on most crypto networks where the true utility lives in smart contracts with no direct tie to network value.

As an example, Polymarket has seen 800% growth in volume this year. Users can bet any arbitrarily large amount of value on Polymarket for a few cents of network fees. There is nothing tying that to value of the network’s native token, which is down 80% over the same period as Polymarket’s amazing success.

 

 

Conversely, Bittensor subnets are intrinsically linked to $TAO. If you want $1,000 worth of subnet exposure, you first need $1,000 of TAO. We analyzed subnet pool data surrounding the announcement of @tplr_ai's recent training run and normalized across them by indexing them to a starting level of 100.

As shown by the orange line, there was no material change in pool size for non-Templar subnets over the observation period. There was however, major inflow into Templar’s pool. Given Bittensor’s unique network model, we saw a direct correlation to the change in TAO price over the same period. As value flows into subnets, the whole network benefits. A rising boat lifts the tide, so to speak.

 

 

That can go both ways. When Sam left, we saw something similar in reverse; as value was exfiltrated from the network, it started in Covenant subnets and dragged TAO down with it. You know what else we saw in the data though? For all of the noise about concerns of Bittensor’s future, the other subnet pools were mostly unchanged.

The event was interesting because it reminded me of the early days of bitcoin: people would say Bitcoin was only used by drug dealers on the internet. I'd stare at them aghast because in the same breath they told me that an open, permissionless network was used to reliably move money anywhere in the world in minutes by the most untrustworthy people on the planet and yet they didn't understand how the technical feat required to achieve that would create tremendous value.

The Covenant situation is similar: people were concerned about the operator's exit, rather than realizing the only reason we care is because a ground-breaking technical innovation was achieved. But even bigger than that: Bittensor has 128 subnets currently, each striving to generate value for themselves and, transitively, the network as well.

 

 

And we’re seeing that occur – Templar was not unique in that regard. The same pattern emerged around the Intel publication on @TargonCompute. The non-Targon pools remained largely unchanged. Targon saw heavy inflows. TAO price climbed with it.

Again: rising boats lift the tide. And there are many boats in Bittensor right now.

 

 

We’re seeing major technical innovations at an increasing rate.

Just a few examples from the last couple weeks:

@QuasarModels just announced a custom attention architecture targeting 5M token context windows.
 
@IOTA_SN9 developed a technique that compresses data flowing between distributed GPUs by 128x with little to no loss in training quality, increasing viability of training large AI models across internet-connected machines worldwide.
 
We're seeing the building blocks start to form whereby competitive large generalized models can eventually be built. In the meantime, we're also witnessing more targeted, niche players start to pull ahead in their respective fields.
 
During the presentation, I gave the example of @resilabsai achieving 90% accuracy on their home valuation model, making it the most performant open source model and quickly approaching state of the art. Quite literally as I was explaining this during the talk, @markjeffrey pointed out they had just achieved 98% accuracy.
 
In the time between when I prepared the presentation and actually presented, they went from best open source to at or near state of the art - only further highlighting the unique value of Bittensor's open, competitive intelligence creation cycle.
 
 
And the tech that’s being built on Bittensor is getting real attention from serious players. Again, just a few examples of many: Harvard partnered with @Chutes on research about AI inference efficiency. Valeo – an auto company with $20B in annual revenue – is working with @natix on an AI model for self-driving cars. @zeussubnet- the weather forecasting subnet, is the only party in the world allowed to use data WeatherXM’s network of global weather sensors for commercial purposes. And there are in fact many subnets already commercializing their intelligence.
 
 
 
Most of us are already aware of Chutes seven-figure ARR, but a few other examples:
 
@LeadpoetAI– which uses their Bittensor subnet to source sales leads, announced earlier this year that they crossed $1M ARR
 
@Bitcast_network– the content creation platform built on their subnet competition – is already operating profitably
 
@lium_io– a hardware subnet – has bought more than 4,000 TAO worth of their token
 
Remember the economic model I outlined earlier; we’re seeing real evidence that it’s starting to work across many subnets. Intelligence built on Bittensor, capturing value in the real economy, and bringing it back into the network.
 
Action shot of this slide courtesy of @Tom_dot_b
 
 
That’s why when we look at Bittensor we like to look at Total Network Value (TNV);
$TAO market cap is only part of the story in Bittensor. TNV = market cap of TAO + market cap of subnets – tao in the pools [as not to double count] The actual value of this network is already higher than most people realize. And notably, subnets make up an increasing proportion of TNV – recently crossing 35% - as value continues to flow into the pools.
 
 
 
Interestingly, we recently noticed a change in TNV: In particular, despite all the volatility in TAO, the dramatic subnet issuance curves, etc. - the combined subnet market cap had been remarkably consistent around $750 million for most of the last year, until recently.
 
It’s nearly doubled over the last few months – a clear breakout in the trend. If you were looking for Tipping Point, it might look something like this...
 
 
 
I hear a lot that that value is relatively concentrated in the largest subnets. And the market cap distribution does indeed reflect that, but that’s not necessarily a bad thing.
 
 
 
This is the market cap distribution of the S&P 500. Many healthy economic systems tend towards Pareto distributions. And so what if some subnets are worth more? As we showed earlier, this is an ecosystem that will win or lose *together* And we’re seeing that play out every day.
 
 
 
We track announcements of subnets utilizing each others infrastructure and intelligence. Just as an example, we identified at least eight subnets who announced that they use Chutes for inference. But we have dozens of similar examples of cross-subnet collaboration across many subnets like
 
What’s notable about this:
 
1. Collaboration seems to be happening at an increasing pace as subnets continue to mature and build out contiguous pipelines of AI infrastructure
 
2. Keeping money circulating within an economy creates a money multiplier. Capital circulating within a single economy without leaving creates economic value for each party it passes through, without having to bring in new capital. That’s uniquely possible here because of the diversity of infrastructure built on Bittensor.
 
This network is not 128 discrete growth drivers; it’s increasingly functioning as an interconnected graph, which has substantially more stickiness and value And the pace is about to increase dramatically:
 
 
 
We’re starting to see increasing agents operating on Bittensor: subnets mined by agents, subnets operated by agents...
 
Consider the Bittensor value flywheel:
 
-An intelligence goal is established
-Miners compete to achieve the goal
-That produces intelligence
-Intelligence generates value
 
That’s happening today, as we’ve seen earlier in this discussion.
 
As agents get more capable, that flywheel spins faster and faster. Permissionless entry means any agent can compete. Protocol-native economic incentives mean good work gets rewarded. Bittensor is uniquely advantaged for agentic speed over guarded, centralized alternatives with corporate procurement cycles.
 
That also means exploits will be found faster. But, it also means solutions that harden the network against them will be found faster as well.
 
Accordingly the impact of the network primitives – incentives, accessibility, governance, security, reliability, and all the infrastructure we’re building around the network - have an exponentially larger impact. It is critical that we get these right. The time to nail this, is right now. If we don’t someone else will.
 
 
 
The good news is, for now, Bittensor seems to be in the lead The 30-day moving average of Daily active wallets just crossed a record, approaching 10,000 Up 100% just in the last year.
 
 
 
We’re also seeing subnet ownership increasingly diversify and distribute. The median number of holders of subnet tokens at 2,000 is a 10x increase since the dtao launch a year ago. And at Yuma, we spend a lot of effort and resources to help broaden that access.
 
 
 
Yuma currently partners with 16 custodian and wallet providers to bring Bittensor access to the masses As an institutional-grade validator, the relationships and service we offer give them the confidence to make TAO staking available to millions of end users.
 
During the Summit, we announced that BitGo’s clients will now have access to subnet token staking through our partnership, making subnet investing available to customers of one of the world’s largest custodians.
 
 
 
We also help people gain access to subnets via investment vehicles. The Yuma Composite Fund gives investors access to a market-cap weighted portfolio of subnets through traditional investment structures. The Yuma Large Cap Fund gives investors concentrated exposure to Bittensor's largest subnets.
 
Our institutional asset management team handles everything from initial subnet token purchases, to portfolio rebalancing, custody, and reporting. The appeal for institutions is obvious, but even for the Bittensor native, it’s an amazingly simple way to get access to a broadly diversified portfolio, rebalanced regularly.
 
Between the breakout performance of subnets, the attractive staking rewards, and benefits of diversification, the Yuma funds have outperformed TAO materially year to date [as of when the presentation was created] Nearly 3x outperformance relative to TAO.
 
 
 
And last but definitely not least, our subnet accelerator has helped a wide range of companies access Bittensor. We help them acquire subnet slots, design incentives, provide marketing assistance, review pitch decks, make introductions to other investors, etc. At Yuma we deeply believe in the power of subnets and have helped many of the network's leading intelligence providers start and succeed.
 
 
 
Disclaimer: For informational purposes only.  Nothing herein should be construed as financial, investment, legal, or tax advice.  This material does not constitute an offer to sell or a solicitation of an offer to buy any securities or tokens.  Investing in digital assets involves significant risk, including the potential loss of principal.  Subnet tokens do not represent equity or ownership interests in any entity.  Performance comparisons and index references are illustrative only and not indicative of future results.  Charts and indices are based on methodologies and assumptions that may change and may not reflect actual market conditions or liquidity.
 

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