If this were the Aquatic Plants forum, I'd say you have "pearling." Looks like you're getting diatoms, which seem to thrive in developing tanks. The diatoms are producing oxygen as part of photosynthesis, so you're getting bubbles. The production of bubbles, called pearling by the plant folks, shows that there's a lot of photosynthesis going on.
Are you running all of your lights right now? Keeping them low will help keep algae under control during the cycle.
Are you running all of your lights right now? Keeping them low will help keep algae under control during the cycle.