#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Mode launches the subnet Synth on Bittensor to build a DecentralizationAI for predicting Cryptocurrency prices
PANews reported on January 27 that, according to The Block, the ETH Layer 2 project Mode launched a new subnet called Synth on Bittensor, which will use Bittensor's Decentralization architecture and develop AI functions to simulate the Fluctuation of asset prices. Synth involves "Miner" generating simulated price paths, which subnet validators evaluate based on historical data to ensure that they accurately reflect real-world price dynamics and fluctuation. Initially, Synth will have Miner generate 100 BTC simulated price paths every five minutes. Miners will be evaluated and rewarded based on their accuracy in modeling future price probability distributions and their ability to generalize real-world price dynamics.