This week in cryptocurrency has been marked by various notable events and developments across different sectors.
Bittensor (TAO) and Templar (SN3), a subnet within the Bittensor ecosystem, have made headlines after successfully training an LLM model called 'Covenant-72B'. This achievement was met with praise from renowned figures such as Chamath Palihapitiya and Nvidia CEO Jensen Huang. As a result, TAO experienced a significant price surge of over 40%, while SN3 tripled in value to reach above $25.
The official Trump memecoin saw a short-lived price increase of 43% after the announcement of a dinner event with US President Donald Trump. However, it has since cooled down but remains at elevated levels.
In the DeFi sector, S&P500 was officially tokenized through TradeXYZ's RWA/tokenized stocks project on Hyperliquid. Additionally, Tempo launched its mainnet with a payments protocol designed for AI agents.