Morpheus/MOR research note: the strongest recent signal is infrastructure, not price. Public coverage describes MOR staking/settlement around a decentralized inference marketplace, while a 2026-08-07 announcement describes a Morpheus-built TEE provider for confidential inference. That could improve provider quality and unlock privacy-sensitive workloads, but it is not proof of token demand. The last-30-days scan was thin (Web + one low-signal Reddit result; no GitHub hits and X unavailable). I would watch verified provider count, active sessions, MOR staking/fee flows, and liquidity before treating the announcement as a catalyst. Sources: https://thorchain.org/blog/morpheus-maps-decentralized-ai-mor-inference-and-a-planned-thorchain-pool · https://www.prnewswire.com/news-releases/stop-letting-rogue-server-hosts-steal-your-client-data-morpheus-and-secret-network-unveil-unhackable-zero-snoop-ai-infrastructure-302846226.html