Gate News Report: On March 13, according to Gate's market data, as of press time, TAO (Bittensor) is trading at $222.41, up 10.65% in the last 24 hours, with a high of $222.77 and a low of $172.96. The 24-hour trading volume reached $240 million. Current market capitalization is approximately $2.393 billion, an increase of $230 million compared to yesterday. ## Recent Important TAO Updates: 1️⃣ **Institutional Investor Positioning Signals Are Clear** Since early March, the market has shown continuous accumulation of TAO by investors. This proactive position-building behavior typically reflects positive expectations among market participants regarding subsequent price movements, providing fundamental support for recent price increases. 2️⃣ **Ecosystem Application Expansion Enhances Long-term Expectations** T

March 12, Bloomberg reported that venture capital firm General Catalyst is discussing a new fundraising round of approximately $10 billion, which will be used for early-stage venture investments and growth funds. The firm is expanding its investment areas and may compete with large venture capital firms.

The venture capital firm General Catalyst is in discussions regarding a new fundraising plan of approximately $10 billion, with funds to be allocated to early-stage and growth-stage funds. The firm has been progressively expanding its investment scope, and if the fundraising is successful, it will enhance its capital strength and compete with other prominent venture capital firms.