A week after Bittensor let subnet owners set their own cut of emissions, 18 of 128 subnets have left the default and seven owners take the 33% maximum. The chain’s code changed five times over the same eight days, each time on two signatures. Elsewhere, Phala explained how an attacker read customer apps’ logs and settings, and a new European VVV fund leaves the staking yield behind.
What shipped this week
Phala’s confidential cloud leaked around the enclave. Between 8 and 12 October 2026 an attacker used a flaw in the dstack guest agent to read container logs and environment variables, where apps often keep API keys, from a small set of Phala Cloud customers, says Phala’s 19 October post-mortem. Phala says no enclave, sealing or KMS keys were touched, so the gap was in the platform around the private hardware. Customers have until 19 November to move to a fixed image. Phala’s post-mortem
Europeans can now hold VVV in a brokerage account, minus the yield. 21Shares launched VENC, a physically backed Venice Token ETP, with a 19 October 2026 inception date and a 2.5% annual fee. Its product page says the fund doesn’t stake its VVV, so VENC holders carry the dilution from new emissions without the staking rewards that offset it for direct holders. Venice review
NEAR now keeps a team’s payroll off block explorers. NEAR Business, launched on 20 October 2026 and invite-only for now, is a multisig treasury where signers approve every payment on chain while balances and transfers settle on a confidential shard. Members, roles and votes stay public, which is what a DAO answering to holders needs. The privacy rests on two operator sets: 11 of NEAR’s 16 MPC signers for moves on other chains, and a shard NEAR describes as run by permissioned validators. NEAR review
Flux node operators just took their first pay cut. At block 3,071,200 on 26 October 2026 the block reward fell 10%, from 14 to 12.6 FLUX, which we read from the block’s own payout. Operators earn block rewards alone until Flux’s plan to share app payments with them starts in July 2027, so nothing offsets the cut yet. Flux review
Bittensor, one week after eTAO
On 19 October Bittensor let each subnet owner choose their own share of the subnet’s emissions, from nothing up to 33%. We re-read every subnet’s split on chain on 28 October, at block 9,382,996:
18 of 128 subnets have left the old 18/41/41 default, up from 7 a few hours after the upgrade.
Nine owners raised their own cut, seven of them to the 33% cap.
Three take less than the old 18%. Taoshi (SN8) and SN74 take nothing, and SN41 takes 10%.
Six kept 18% and moved the rest around. Three shifted validator emission to miners, and three pushed miners down to their 33% floor.
Two of the four subnets that took the cap on day one, SN70 and SN103, have since been replaced by new subnets under new owners, which start on the default. The biggest earners haven’t touched the dial: Chutes, Lium, Targon and Templar all still run 18/41/41. The changes so far sit in smaller subnets, so that’s where a staker should check the split before choosing one.
Bittensor also replaced its runtime, the code that sets the chain’s rules, five times in eight days:
19 October (spec 481): eTAO, the owner-set split.
21 October (spec 482): new subnets start with their emissions switched on instead of waiting for root to enable them. Root can still switch them off, and existing subnets weren’t changed.
22, 23 and 26 October (specs 483, 484 and 486).
Each went in through the chain’s sudo key, a 2-of-3 multisig, and nothing on chain makes it wait. The 26 October upgrade went live 48 blocks, under ten minutes, after its first signature. Our scan counts 179 runtime replacements since March 2023, 60 of them this year. That pace is how Bittensor ships fixes fast, and it also means two signatures can rewrite the rules for every staker in the time it takes to read this.
Bittensor review · How dTAO works
Biggest movers this week
7-day change as of 28 October 2026.
Only five of the 41 tokens we track closed the week up, and one of those, ORA, is a stale quote. ElizaOS fell furthest, in the week Binance Alpha dropped it from its featured list, its second venue cut this month. NuNet and Giza stay off the list: NuNet’s quote whipsaws on almost no volume while its supply is unchanged on all three chains, and Giza’s price hasn’t updated.
Gainers:
Grass (GRASS) +9.3%
Olas (OLAS) +9.1%
Sahara AI (SAHARA) +2.4%
Gensyn (AI) +1.1%
Fallers:
ElizaOS (ELIZAOS) -38.5%
Heurist (HEU) -30.5%
Phala Network (PHA) -20.6%
Walrus (WAL) -15.6%
Theta Network (THETA) -13.9%
See all movers: ownyourmind.ai/projects/movers/
What we verified this week
Five re-checks across five projects since 21 October, and one score move. Four of them corrected something we had published:
NEAR’s 1 October loss came from an Intents bug, not the bridge. In Issue 19 we said the flaw was in how NEAR’s Omni bridge talked to the Intents contract. The 16 October post-mortem puts it in a deposit-notification feature of the Intents contract itself, removed on 7 October after a second critical report. The review now says so.
Nous Research’s training network runs on a test network. None of Psyche’s four published program addresses exists on Solana mainnet, three are on devnet, and Psyche’s own quickstart says runs are permissioned. We had listed it as live on Solana, and its Freedom score fell three points.
Morpheus’s compute contracts were audited. We had called them unaudited, but Morpheus publishes three Renascence audits from 2024 and early 2025. The code has changed since, including a July 2026 fix, so those audits cover earlier versions.
Render has an audit we’d missed. OtterSec reviewed Render’s Solana bridge library in October 2023. Both live programs were redeployed after it, and nothing public ties the audited code to them, so the review cites it without counting it as coverage of what runs today.
See the full integrity board: ownyourmind.ai/integrity/
On the watchlist
Render’s RNP-024 vote, which closes on 31 October, and what share of the gateway’s revenue reaches the burn.
Warden’s token migration on 29 October, and whether its 2 billion cap is then readable on Base.
Aethir’s daily ATH burn, which it says starts in November, funded by network fees. We’ll measure the first burns on chain.
Allora’s November vesting cliff. It could lift circulating supply by roughly two-thirds.
Whether Bittensor’s largest subnets change their split.
From the site
Flux, read from the chain. The review and the node setup guide now take the block reward from the latest block’s payout, so they follow each annual cut: ownyourmind.ai/projects/flux/.
Nous Research, re-scored after the Psyche finding: ownyourmind.ai/projects/nous-research/.
The OYM podcast is on Spotify, Apple Podcasts and the major directories under “Own Your Mind”.
Cheers,
Bobski
Own Your Mind. Independent research on decentralised AI. No sponsors.
ownyourmind.ai · @ownyourmindai · @0xbobski
Disclosure: OYM holds GRASS, MOR, NEAR, RENDER and VVV.