Bittensor (TAO) has halved its token issuance, reducing daily output from 7,200 to 3,600 tokens as of December 15. This move effectively cuts annual inflation in half, tightening the supply of TAO tokens. Concurrently, Bittensor launched a new hardware subnet, ChipForge, marking its entry into AI chip design. Following these developments, TAO is trading around $262.20. The market's fear and greed index indicates cautious optimism, as analysts monitor whether TAO's price will align with broader upward trends amid increased competition among subnets.