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2026-06-25 05:31 1mo ago
2025-10-09 17:57 9mo ago
Ocean Protocol opouští ASI a vrací OCEANu nezávislost
AGIX SingularityNET FET Fetch.ai OCEAN Ocean Protocol
CoinGecko News 78
Original source text
The move will end Ocean Protocol's partnership with Fetch.ai and SingularityNET, and restore OCEAN independence.

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Ocean Protocol Foundation has exited the Artificial Superintelligence Alliance (ASI) effectively immediately, dissolving its role in the collaborative AI token merger with Fetch.ai and SingularityNET. The withdrawal follows more than a year of cooperation among the three founding members, who had unified their ecosystems under a shared token: FET, later rebranded as ASI.

What’s the Scoop?Alliance Exit: Ocean Protocol has formally ended its participation in the ASI Alliance, citing a desire for independent funding and control over its tokenomics.Token Independence: The move allows OCEAN to de-peg from FET and trade independently again. The Fetch.ai-managed bridge remains open, enabling holders to convert OCEAN to FET at a rate of 0.433226 FET per OCEAN.Buyback and Burn Program: Ocean said it will direct profits from its spin-out ventures toward buybacks and burns of OCEAN, creating a permanent and continuous supply reduction mechanism.Remaining Holders: Roughly 270 million OCEAN — about 19% of total supply — remains unconverted, held by over 37,000 addresses. Unconverted tokens continue to trade on exchanges including Coinbase, Kraken, Upbit, Binance US, Uniswap, and SushiSwap.Alliance Response: The ASI Alliance and Fetch.ai characterized the split as amicable, affirming that collaboration was always voluntary and that the mission to build open, decentralized AI infrastructure remains unchanged.Ocean Protocol’s decision to withdraw from the Alliance does not impact the technology, operations, or shared vision that underpin the ASI ecosystem.

The ASI Alliance - founded on collaboration between https://t.co/kJ9URVpOul, SingularityNET, Ocean Protocol and CUDOS - was… https://t.co/qDtRDBuBQH

— Fetch.ai (@Fetch_ai) October 9, 2025
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2026-06-25 05:31 1mo ago
2025-10-23 11:15 9mo ago
Ocean Protocol odchází z ASI Alliance a podává žalobu
AGIX SingularityNET OCEAN Ocean Protocol
CoinGecko News 86
Original source text
PANews reported on October 23rd that Ocean Protocol issued a statement explaining its withdrawal from the ASI Alliance , refuting "false accusations" and accusing its partners, SingularityNET and Fetch, of violating the alliance's core commitment to retaining control of their assets. Ocean pointed out that after the merger, SingularityNET engaged in reckless financial maneuvers and massively drained market liquidity, including issuing an additional $100 million in tokens and maintaining a massive monthly burn of $6 million. Fetch founder Sheikh was accused of disregarding the principles of decentralization, not only by selling a large number of tokens but also by attempting to force Ocean to convert all assets in its independently operated community treasury, OceanDAO, into FET tokens. Ocean requested withdrawal as early as April 2024 due to a loss of cooperative foundation, but was met with legal threats. Ultimately, Fetch and SingularityNET attempted to unilaterally shut down the token bridge in August 2025, violating the charter and forcing Ocean to file legal action and withdraw from the alliance.

Ocean noted that the 93% drop in FET token prices from its peak was primarily due to the massive sell-offs by SingularityNET and Fetch, as well as the failure of Fetch's own high-risk "TRNR" transaction, rather than its own withdrawal. Throughout this process, Ocean has remained committed to the principle of decentralization, which states that individuals have undisputed sovereignty over their assets. This withdrawal is intended to prevent further harm to the interests of the Ocean community, and Ocean will continue to focus on the independent development of its technology and products.

According to previous news, Bubblemaps stated that Ocean Protocol is suspected of selling more than $100 million in community tokens, and Fetch AI has publicly accused it of misconduct .
2026-06-25 05:31 1mo ago
2025-10-27 07:36 8mo ago
Ocean odmítá obvinění Fetch.ai a vyzývá k vložení $FET
AGIX SingularityNET OCEAN Ocean Protocol
CoinGecko News 78
Original source text
PANews reported on October 27 that in response to the controversy following the breakdown of the ASI Alliance (composed of Fetch.ai, Ocean Protocol, and SingularityNET), the Ocean Protocol Foundation recently issued an announcement denying Fetch.ai executives' accusation of "stealing community tokens" and counter-accusing Fetch.ai of failing to fulfill its legal obligations.

Ocean stated that the tokens in question belong to Ocean Expeditions (formerly known as oceanDAO), an independent organization legally separate from the foundation and not involved in the ASI merger agreement. Ocean also revealed that it had explained Ocean Expeditions' independence to Fetch.ai and SingularityNET in May 2024.

Furthermore, Ocean requested that Fetch.ai promptly inject the promised 110.9 million $FET into the token migration contract for redemption by $OCEAN token holders. Ocean emphasized that there would be no "return of tokens," and that the relevant tokens would be held securely by Ocean Expeditions for the community.

Furthermore, Ocean Protocol explicitly stated that there is no so-called “return” of tokens, as they have never been stolen or transferred.
2026-06-25 05:31 1mo ago
2025-10-25 18:05 9mo ago
Fetch.ai stáhne žalobu po vrácení 286 milionů FET
AGIX SingularityNET FET Fetch.ai OCEAN Ocean Protocol
CoinGecko News 78
Original source text
Sat 25 Oct 2025 ▪ 6 min read ▪ by James G.

Summarize this article with:

The ongoing conflict between Fetch.ai and the Ocean Protocol Foundation may soon reach a peaceful resolution, as both sides signal a willingness to settle their differences outside the courts. The dispute, which began after their brief merger under the Artificial Superintelligence Alliance, centers on the alleged sale of millions of FET tokens.

In brief Fetch.ai proposes a full legal withdrawal if Ocean Protocol returns 286M FET tokens allegedly sold during the ASI merger. Blockchain data links Ocean wallets to $120M in FET transfers, sparking transparency concerns in the crypto community. Ocean Protocol left the ASI Alliance in October, citing ethical and strategic reasons amid ongoing financial scrutiny. ASI token performance plunges 93% from its peak, reflecting investor fear, weak sentiment, and prolonged market pressure. Ocean Protocol Open to Settlement as Fetch.ai Offers Legal Peace Deal Fetch.ai announced on Thursday that it is prepared to withdraw all legal claims against the Ocean Protocol Foundation if the latter agrees to return 286 million FET tokens that were reportedly sold during the merger period. CEO of Fetch.ai Humayun Sheikh confirmed the offer during a session on X Spaces, emphasizing the company’s desire to resolve the issue quickly and transparently.

Sheikh stated that Ocean Protocol is awaiting a formal proposal from Fetch.ai for the return of the disputed tokens, adding that the letter would be delivered by the next day. He explained that the offer is straightforward, and all legal claims will be withdrawn once the tokens are returned to the Fetch.ai community.

They are expecting a legal proposal from us for the return of the tokens. You can have my letter tomorrow. The offer is simple: give my community back the tokens. I will drop every legal claim.

Humayun Sheikh Sheikh also said Fetch.ai would cover the legal costs associated with finalizing the agreement, ensuring a smooth process.

According to GeoStaking, a FET validator node that played a mediating role in the talks, Ocean Protocol is open to returning the tokens once it receives a formal written proposal. Sheikh added that the official offer could be finalized as early as Friday.

If successful, the agreement would mark an important step toward ending a dispute that has drawn significant attention within the crypto community. Both organizations have faced scrutiny and uncertainty since their merger efforts began, and a legal confrontation could further harm their reputations and financial positions.

Blockchain Data Links Ocean Protocol Wallet to Massive FET Token Transfers This development follows Sheikh’s earlier offer of a $250,000 bounty for information about the individuals controlling OceanDAO’s multisignature wallet and their potential links to the Ocean Protocol Foundation.

Multisignature, or “multisig,” wallets are crypto wallets that require multiple approvals to authorize transactions. Decentralized organizations often use them to enhance security and accountability.

Despite Ocean Protocol’s denial of wrongdoing, blockchain analytics from Bubblemaps suggest that a wallet linked to the foundation converted about 661 million OCEAN tokens into 286 million FET tokens, valued at approximately $120 million at the time. Of those, 160 million FET tokens reportedly went to Binance, while another 109 million were transferred to GSR Markets.

AI Crypto Alliance Faces Headwinds as FET Slides Ocean Protocol formally withdrew from the ASI Alliance on October 9, offering no explanation regarding the disputed transfers. The alliance, formed in March 2024 by Fetch.ai, SingularityNET, and Ocean Protocol, aimed to combine resources and expertise to advance decentralized artificial intelligence, with FET designated as the alliance’s primary token.

Since the ASI Alliance was formed, the FET token has lost more than 90% of its value, falling from a high of $3.22 to around $0.26.

Current Market Data Highlights the following:

Bearish Market Sentiment: Artificial Superintelligence Alliance (FET) currently shows a bearish outlook, with the Fear & Greed Index at 30, indicating investor caution. Severe Yearly Decline: FET’s price has fallen by 80% over the past year, reflecting sustained downward momentum. Underperformance Against Peers: The token has underperformed all top 100 crypto assets, including Bitcoin and Ethereum, over the same period. Technical Weakness: FET continues to trade below its 200-day simple moving average, signaling prolonged bearish pressure. Low Market Strength: The token recorded only 10 positive trading days in the past month (33%) and remains 93% below its all-time high. Ocean Protocol founder Bruce Pon explained that the price decline was not due to Ocean’s exit but instead to broader market conditions and liquidity pressures involving Fetch.ai and SingularityNET.

Pon said Ocean Protocol left the ASI Alliance for ethical and strategic reasons and plans to release a detailed response to the recent allegations. As negotiations progress, both sides appear motivated to resolve their differences, signaling a possible end to one of the most publicized disputes in the AI-focused crypto sector.

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James G.

James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
2026-06-25 01:22 1mo ago
2024-07-03 05:00 2yr ago
ASI spustila sloučení tokenů, FET klesl o 9,7 %
AGIX SingularityNET ETH Ethereum FET Fetch.ai OCEAN Ocean Protocol RNDR Render Token SDAO SingularityDAO SOL Solana
CoinGecko News 78
Original source text
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The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update.

ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close in preparation for the migration to FET.

Additionally, the delisting process from crypto exchanges would begin for the two tokens. Meanwhile, FET would continue to trade as usual, with spot and perpetual trading continuing under the same tricker.

The initial phase of the merger aims to “onboard exchanges and data aggregators for a smooth transition.” Fetch.AI saw a rebrand across platforms. The project took the Artificial Superintelligence Alliance name and logo but kept its ticker.

Moreover, the ASI alliance opened a migration platform on the SingularityDAO dApp to help users migrate their tokens. Some crypto exchanges, including Kraken and Coinbase, revealed they would not support customers on the ASI token merger.

Kraken announced that the trading of OCEAN and FET will continue to be supported on the platform until further notice. The exchange also noted that users must withdraw their tokens to a self-custodial wallet to migrate them.

Similarly, Coinbase informed its users that it chose to “not execute the migration of these assets on behalf of users.” Both exchanges also clarified they would not support the eventual migration from FET to ASI.

FET Retraces Following Rebrand After updating the token’s name, supply, and market capitalization, FET flipped Render (RNDR) in the AI tokens sector. According to CoinMarketCap data, the token is now the 27th largest cryptocurrency by market cap, with $3.38 billion.

Following the rebrand, FET’s price dropped similarly to when the token merger delay news was released. At the time, the merging tokens saw an 8-10% price decline following the rescheduling of the merger. The delay was attributed to logistical and technical issues.

FET fell from the $1.4 support zone on Monday to $1.27, a 9.7% drop in 12 hours. However, the AI token has recovered the $1.3 mark, currently trading at $1.33, representing a 3.6% decline in the last 24 hours.

Some market watchers found this performance disappointing. Some investors believe it might be best not to get involved until the merger is completed. Sjuul Follings, crypto trader and founder of Alt Crypto Games expressed his disappointment with the token’s recent fakeout.

Per the trader, he was optimistic about the late June price action, believing the token was about to break out and expand ahead of the ASI alliance. Nonetheless, FET could not reclaim the $1.8 support zone and retraced to the $1.4 support level over the weekend.

Despite the bearish trend, investors remain optimistic about the token’s future as the merger’s phase 1 is only starting. Some investors forecast a short-term price target of $5 for ASI and a long-term goal of $13.

FET is trading at $1.33 in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com