Khalid and Ahn Hyo-seop recently released "Something Special," the second single from FANDOM and the next release in the franchise's partnership with Roc Nation. Today, Fandom announces that this single will be tokenized on Injective. A way for fans to own a real piece of it.
For the first time, a major music IP can be held by the people who actually carry the song. Fans can take a contractual stake in the royalty stream of "Something Special," held onchain on Injective.
The Song"Something Special" pairs two artists with audiences that rarely meet on the same track.
Khalid is a multi-platinum US artist with 47.76M Spotify monthly listeners and 20.7B in global on-demand streams across his catalog. "Young Dumb & Broke" and "Eastside" both charted on the Billboard Hot 100. These Two Windows and Narrated for You both landed on the Billboard 200. "Something Special" is his first single with a Korean artist.
Ahn Hyo-seop voiced "Jinu" of SAJA BOYS in K-Pop Demon Hunters, the Netflix film and soundtrack that crossed 14.5B streams and 1.5M song sales while becoming the most-watched Netflix film of all time. The project won a Grammy, two Oscars, two Golden Globes, and two MAMA awards. "Something Special" is his first single as a solo artist.
This is what FANDOM was built to do, which is to put US and K-Pop voices on the same track and let fans of both share in the result. Roc Nation handles distribution, playlist pitching, DSP placement, and radio promotion behind the song.
What Fan-Owned Music IP Actually MeansFan ownership for "Something Special" works like this.
When you own a share, you own a contractual right to a pro rata portion of the royalty income the song generates. Streams, syncs, mechanical royalties, performance royalties. As the song earns, distributions go to holders based on how many shares each one holds. You hold a stake in how the song travels, not a piece of the master recording or the copyright itself.
The right is held in tokenized form on Injective, which gives it two properties an offchain royalty share does not have. A token is the same as the underlying right, so a fan in Seoul and a fan in Atlanta can each hold their stake on the same chain without intermediated transfer. Distributions, ownership history, and transfer history all live onchain, where they can be checked by anyone with access to a block explorer.
Why InjectiveInjective is the layer one blockchain optimized for finance, which is precisely the lane a regulated music right needs to live in. The chain has cleared $6.7B in cumulative real-world asset volume across $77B+ in total onchain volume and more than 3B transactions. Equities, FX, commodities, and Pre-IPO already trade through the same tokenization stack that now supports music IP.
The compliance stack runs at the protocol level. KYC, AML, sanctions screening, and TRM all kick in at the chain rather than the application layer. Every transfer of a tokenized "Something Special" right inherits those rails automatically.
For secondary liquidity, Injective operates the only fully onchain orderbook at the layer one level. Sub-second finality. Tier-one market makers active across asset classes. Fan-owners get a real secondary venue when one opens, not a thin AMM pool.
Wormhole handles cross-chain reach into 130+ networks including Ethereum, Solana, and Arbitrum. One issuance on Injective, addressable from every major chain where music fans already hold assets.
What Comes Next for FANDOM"Something Special" is the second single from FANDOM and the next step in a slate that runs across multiple EPs through 2029.
The superfan economy is the next chapter of the music business. Goldman Sachs estimates that targeting the superfan could add $6.6B to industry revenues by 2035. K-Pop Demon Hunters is the proof point that fan engagement, not radio rotation, is what drives modern performance. FANDOM exists because fans want a real stake in the songs they carry.
Until now, that stake has not existed in a form anyone could actually hold. A regulated royalty right that lives onchain is the form. "Something Special" is the first track to use it.
About InjectiveInjective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
About FANDOMFANDOM is the first fan-owned global music franchise, designed to let listeners share in the success of the singles they love. The slate features cross-cultural collaborations between US and K-Pop talent, produced in partnership with Roc Nation, and rolls out across EPs through 2029.
About Musicow
Musicow stands as the unrivaled pioneer in the realm of artist-to-fan music asset ownership on a global scale. As the foremost Music Equity Service Provider™ in South Korea, our primary objective is to extend the same exceptional experience to the world. Since its establishment in 2017, Musicow has been dedicated to constructing a superior music ecosystem, forging an extraordinary bond between fans and their beloved artists.
Injective [INJ] surged 12.89% in 24 hours to $5.93, breaking out of a week-long consolidation as momentum and trading activity accelerated sharply.
For most of the past week, INJ remained trapped between the 78.6% Fibonacci support at $5.32 and the 61.8% level at $5.76. That range formed after a sharp correction erased the entire rally from $4.77 to $7.35, producing a near-perfect 100% retracement.
Earlier in the decline, the $5.76 (61.80%) golden pocket failed as support and repeatedly rejected recovery attempts, turning it into the market’s key battleground.
However, that picture has started to change. INJ has now broken above $5.76 and climbed to roughly $5.95, its highest level in ten days.
Source: INJ/USDT on TradingView This development is notable since AMBCrypto had previously identified the post-Vulcan decline as a “sell the news” correction rather than a structural trend breakdown. More importantly, volume has surged to 342.95K, the strongest reading since the correction began.
That suggests buyers are absorbing supply more aggressively than during previous rebounds. Meanwhile, RSI has climbed to 68.98, its highest level since the June peak.
This signals strengthening momentum, yet it also places INJ near a zone that previously preceded pullbacks. The next test sits at the 50% Fibonacci level near $6.06. A break above that level would strengthen the recovery momentum and expose $6.74.
However, failure to hold above $5.76 would suggest the breakout lacks conviction, shifting attention back toward $5.32 and potentially the $4.77 low.
What’s next for INJ? Attention is now shifting toward the $6.00-$6.06 zone, where the late-May rally previously paused before accelerating higher. That history suggests trapped holders may reintroduce supply as price approaches resistance.
Meanwhile, RSI has climbed to 68.98, nearing levels that preceded reversals during earlier advances. However, this recovery follows a full retracement to $4.77 and a prolonged consolidation phase, creating a different backdrop.
Volume remains the key signal. Sustained strength above $6.06 would indicate demand is absorbing supply. Otherwise, failure to hold $5.76 could return INJ to consolidation.
Final Summary Injective reclaimed the critical $5.76 level on its strongest recovery volume, shifting focus toward resistance at $6.06. INJ recovery remains constructive, though sustained demand is needed to prevent a return to consolidation.
Coinbase is going native with INJ. The exchange will support native INJ deposits and withdrawals using Injective’s MultiVM infrastructure, marking a significant step in the Layer 1 blockchain’s push to untether itself from Ethereum’s ERC-20 token standard.
The migration is scheduled to take place between July 20 and July 22, 2026. During that window, Coinbase will pause all INJ deposits and withdrawals while it converts users’ ERC-20 INJ tokens to the native INJ format at a 1:1 ratio, at no cost. Once complete, Coinbase will exclusively support the native version of INJ.
What MultiVM actually means for users Injective’s MultiVM Token Standard, or MTS, allows unified token balances across different execution environments, including EVM and WASM, without requiring users to bridge tokens between them.
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Injective detailed its MultiVM Token Standard on November 10, 2025. The standard is part of a broader architectural vision that supports multiple virtual machines, including EVM, WASM, and an announced SVM environment. For developers, this means they can build applications in their preferred execution environment without fragmenting liquidity or user experience across different chain formats.
Coinbase isn’t the first mover here Coinbase Custody actually began supporting native INJ back in December 2020, laying early groundwork for the broader retail migration happening now. And Kraken completed its own ERC-20 to native INJ conversion in 2025, making it one of the first major exchanges to fully embrace Injective’s native chain.
Injective itself is a Layer 1 blockchain purpose-built for decentralized finance. It offers low-latency transactions and native order books. The native INJ token powers governance, staking, and transaction fees within the ecosystem.
What this means for investors Native token support on Coinbase means deposits and withdrawals will settle directly on Injective’s chain rather than routing through Ethereum. Injective’s MultiVM approach accommodates EVM, WASM, and eventually SVM developers under one roof with unified liquidity.
For INJ holders on Coinbase, the immediate action item is straightforward: do nothing. The conversion happens automatically at a 1:1 ratio with no fees. Deposits and withdrawals will be unavailable for a couple of days during the migration window.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized stocks living on blockchains have crossed $1.6 billion in market capitalization. Injective, the layer 1 chain built specifically for trading and financial applications, has processed over $4.15 billion in related trading volume.
What’s actually happening here Injective’s volume is being driven primarily through real-world asset perpetuals, which are essentially perpetual futures contracts that track the price of traditional stocks. Think of them as a way to get exposure to equities like Amazon or Google without ever touching a brokerage account, available 24 hours a day, seven days a week.
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The platform first enabled decentralized tokenized stock trading back in 2020, initially listing stocks like Airbnb, Amazon, and Google. The $4.15 billion in year-to-date trading volume is not a cumulative lifetime number. This is 2026 activity alone.
The broader tokenized equities landscape Ondo Finance, another major player in the space, has seen its tokenized stock total value locked surpass $1.17 billion. Ondo’s total trading volume has approached $20 billion.
What this means for investors The competitive dynamics are worth watching closely. Injective’s $4.15 billion in volume and Ondo’s $20 billion represent two different approaches: Injective primarily through perpetual futures and Ondo through tokenized asset products with integrations across chains like Solana.
Tokenized equity products carry the standard smart contract and protocol risks, but they also introduce correlation with traditional markets. A sharp selloff in tech stocks doesn’t just stay in the Nasdaq anymore. It ripples directly into onchain positions tied to those same names.
Tokenized securities sit in a particularly interesting gray zone where crypto regulation meets securities law. How regulators in major markets choose to classify and oversee these products could dramatically alter the growth curve in either direction. A favorable framework could unlock institutional capital that’s currently sitting on the sidelines.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Blockchain infrastructure upgrades tend to fall into two categories: the ones that move the needle and the ones that generate a press release. Injective’s Vulcan upgrade, version 1.20.0, appears to be the former.
The upgrade went live between June 4 and June 9, 2026, delivering a new oracle engine and a precompile that lets EVM smart contracts pull on-chain price data directly. The headline number: a 90% reduction in gas costs for oracle services.
For developers building on Injective, that is not a minor quality-of-life improvement. Oracle calls are a constant, unavoidable expense in DeFi applications, derivatives protocols, and anything touching real-world asset pricing. Cutting that cost by nine-tenths changes the math on what is economically viable to build.
What the Vulcan upgrade actually does The core addition is a precompile that bridges EVM smart contracts to Injective’s on-chain oracle infrastructure. In plain terms: a Solidity contract can now read price feeds natively, without routing through clunky workarounds or paying the gas premium that came with the old architecture.
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Vulcan integrates two oracle providers, Pyth Pro and SEDA, both oriented toward institutional-grade data coverage. The combination is pointed squarely at two fast-growing segments: tokenized real-world assets and lending protocols. Morpho, a lending integration, is specifically cited as a beneficiary of the new oracle infrastructure.
The upgrade also tightens up token factory functionality, with improved support for canonical USDC. The upgrade introduces stricter validation rules and adds EIP-712 Ledger support for bridges. EIP-712 is a standard that enables structured, human-readable transaction signing, which reduces the risk of users inadvertently signing malicious bridge transactions.
Why oracle costs matter more than most people realize Injective is a Layer 1 blockchain that natively supports both EVM and WASM execution environments, with built-in financial primitives and shared liquidity. Vulcan layers cost efficiency on top of that, specifically for one of the most frequently used operations in DeFi.
The Pyth Pro integration is worth noting separately. Pyth has become a dominant oracle provider across major DeFi ecosystems, and the Pro tier is oriented toward institutional users who need high-frequency, high-fidelity data. Pairing that with SEDA, which brings its own data verification infrastructure, gives Injective a credible pitch to institutional builders exploring tokenized RWA markets.
Context: building on top of a busy 2025 Vulcan does not arrive in isolation. It builds directly on two prior milestones that reshaped Injective’s technical foundation.
The first was the Volan upgrade, which introduced Injective’s native RWA module, the first of its kind on the network. The second was the native EVM mainnet launch in November 2025, which opened Injective to the much larger universe of Ethereum-native developers. Vulcan is the follow-on that makes that EVM environment meaningfully better, giving those developers cheaper, more direct access to price data.
What this means for developers and investors For institutional builders specifically, the Pyth Pro and SEDA integration is a credibility signal. The fact that Injective is now wired to institutional-grade data providers makes it a more serious candidate for projects involving tokenized securities, commodities, or structured credit products.
The market’s immediate reaction told a familiar story. INJ moderated in price after the upgrade launched, a textbook sell-the-news response. That behavior reflects profit-taking by traders who positioned ahead of the announcement rather than any fundamental reassessment of the upgrade’s value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Altsbit has lost nearly all of its funds in a hack this month. Due to this, it will be shutting down his services in May 2020. The hack caused Altsbit to lose 6.9 bitcoins, 23 ETH tokens as well as many other losses in different cryptocurrencies It was reported recently that a small cryptocurrency platform, Altsbit, lost nearly all of its funds in a hack this month. Due to this, it will be shutting down his services in May 2020.
It was first reported on the 6th of February that this hack took place on the Italian platform releasing withdrawal instructions on the 9th of February, at the end of last week. Going off what the statement says, the hack caused Altsbit to lose 6.9 bitcoins, 23 ETH tokens as well as many other losses in different cryptocurrencies including Pirate Chain and Komodo (KMD).
A significant part of Altsbit’s crypto funds were held in cold storage. Despite this, the exchange will still be terminated on the 8th of May. The firm has nevertheless promised to refund all the affected users from the cold storage funds.
In the statement, they say:
“Refunds will begin on February 10, 2020 and end on May 8, 2020, after this date it will no longer be possible to request a refund as the Altsbit platform will be terminated.”
Writing in an email, a spokesperson from the exchanges confirmed that the company’s decision to shut down is final and it doesn’t seem like there is any going back from here. All of these customers will be reimbursed. They added, “we will refund whatever we are holding on cold storage to users and then the platform will close down.”
For more news on this and other crypto updates, keep it with CryptoDaily!
Cryptocurrency exchange Altsbit is shutting down this May. The exchange made the announcement after reporting an alleged security breach earlier this month.
In a statement, Altsbit says a hack late last week led to the theft of nearly all of the exchange’s Ethereum (ETH), Bitcoin (BTC), VersusCoin (VRSC), Komodo (KMD) and Pirate Chain (ARRR) holdings.
“Unfortunately, we have to notify you with the fact that our exchange was hacked during the night, and almost all funds from BTC, ETH, ARRR, and VRSC were stolen. A small part of the funds are safe on cold wallets.”
Altsbit says the hackers took roughly 6.929 BTC, 2.321 ETH, 3,924,082 ARRR, 414,154 VRSC and 1,066 KMD. The total amount of ETH and BTC lost was less than $70,000 and reportedly dealt a lethal blow to the nascent exchange.
The cryptocurrency exchange says affected users should apply for partial refunds and that remaining funds will be used to refund users until May 8th.
Source: altsbit.com The company further advises users to be wary of anyone pretending to be Altsbit employees who are allegedly distributing refunds.
Just last year, hackers bagged approximately $282,617,000 in leading cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash, from a wide variety of crypto exchanges.
Global central bank leaders have rallied behind US Federal Reserve Chair Jerome Powell, warning that political pressure on the Fed risks undermining economic stability worldwide. This joint statement from 11 major central banks comes in response to a criminal investigation opened by US authorities into Powell.
Still, while established coins like the Dogecoin price prediction struggle, niche coins are exploding. Pirate Chain (ARRR) has surged over 120% in just seven days. However, smart money is looking at DeepSnitch AI as the superior gem.
Central banks fight for independence Table of Contents
Central banks fight for independenceDeepSnitch AI looks ready to beat the Dogecoin price predictionDeepSnitch AI ($DSNT): Last chance to buy this gemDogecoin price predictionPirate Chain market updateFinal verdictFAQsWhat is the current Dogecoin price prediction for 2026?Can DeepSnitch AI really beat Pirate Chain’s gains?Are the DOGE chart patterns bullish or bearish? Signatories, including ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, and leaders from Switzerland to Brazil, stressed the critical importance of central bank independence. They warned that the investigation into Powell over a $2.5 billion renovation of the Fed’s headquarters is a dangerous encroachment that could destabilize global markets.
This political theater is creating fear in traditional markets, sending investors hunting for non-sovereign assets. For the Dogecoin price prediction, this macro fear is a double-edged sword. On one hand, it validates the need for decentralized currency. On the other hand, the resulting “risk-off” environment is currently hurting speculative assets like DOGE.
DeepSnitch AI looks ready to beat the Dogecoin price prediction The current market outlook for the DOGE chart patterns shows that there’s a chance DeepSnitch AI will outperform the token.
DeepSnitch AI ($DSNT): Last chance to buy this gem DeepSnitch AI is generating the kind of massive potential that defines a supercycle. The project has raised over $1,190,000 in its presale, driven by the immediate success of its AuditSnitch security layer. This tool allows users to verify token contracts instantly, a utility that is seeing massive adoption as traders go through the current volatility.
The FOMO angle here is simple math and momentum. Pirate Chain dazzled the market with a 120% gain over seven days. Many believe DeepSnitch AI has the tokenomics and demand to achieve that same 120% gain, or more, in a single day upon its January launch. With more than 29 million tokens staked, the circulating supply will be heavily constricted when trading goes live, creating a supply shock.
Combined with rumors of a major strategic announcement coming very soon, DeepSnitch AI is positioning itself to be the fastest runner in Q1 2026. While the Dogecoin price prediction offers slow growth, DeepSnitch AI offers the gains of a new launch backed by the fundamentals of a live product.
Dogecoin price prediction The current Dogecoin price trends are facing many issues. Dogecoin is down 6% over the last seven days as of January 13th, underperforming a market that is down only slightly. The trading volume has also dropped by 4%, suggesting a retreat in interest. Dogecoin technical analysis indicates the asset is trading below its 50-day SMA at $0.1384, a bearish signal.
Investors looking at the Dogecoin price prediction for hope will find an average forecast. Analysts predict a 20% rise to reach $0.1681 by April 2026. Still, the sentiment is bearish with a Fear & Greed Index of 26. This pessimistic Dogecoin price trend shows why capital is rotating out of stagnant memes.
Pirate Chain market update Pirate Chain has seen a massive 121% price increase in the last seven days, with trading volume spiking 108% as of January 13th. This performance proves that 100x moves are still possible in this market. However, chasing the Pirate Chain now is dangerous.
The 14-Day RSI is at 70.09, indicating it is overbought. On the other hand, DeepSnitch allows investors to enter at a fixed presale price before the pump, rather than chasing a vertical chart like ARRR.
Final verdict Global instability is shaking the Dogecoin price prediction. On the other hand, DeepSnitch AI is ready to outperform the market’s biggest gainers. That’s why many investors are shifting to its presale with more than $1,190,000 raised, and those who go early are up by more than 120%.
Visit the official DeepSnitch AI website, join Telegram, and follow on X for the latest updates.
FAQs What is the current Dogecoin price prediction for 2026? The current Dogecoin price prediction projects a 20% increase to $0.1681 by April 2026.
Can DeepSnitch AI really beat Pirate Chain’s gains? Yes, analysts believe DeepSnitch AI can exceed Pirate Chain’s 120% weekly gain in a single day post-launch.
Are the DOGE chart patterns bullish or bearish? The Dogecoin price prediction is currently average. Technical indicators show DOGE trading below key moving averages with declining volume.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
TLDR: Privacy tokens posted strong Q1 2026 gains as Horizen completed its Base L2 migration and relaunched ZEN staking. Decred’s treasury governance proposal triggered a 75% weekly price surge, pushing DCR to $29 in Q1. Pirate Chain surged 168% in seven days following Orchard protocol progress and AnonBazaar integration plans. Dash launched its Evolution upgrade in Q1, adding smart contracts and IBC protocol to its payment network. Privacy tokens recorded notable progress in the first quarter of 2026, with projects across the sector completing major upgrades.
From network migrations to governance overhauls, several tokens delivered on long-standing roadmap commitments.
The quarter also saw sharp price movements tied to specific developments. Taken together, the results paint a picture of a sector moving from planning to execution across multiple fronts.
Network Upgrades and Protocol Advancements Drive Sector Activity Horizen ($ZEN) completed its migration to Base, Ethereum’s Layer 2 network, during Q1. The move gave users access to lower transaction fees and broader DeFi opportunities.
The project also relaunched ZEN staking and activated its first Confidential Compute Environment for private on-chain application execution.
Zcash ($ZEC) pushed ahead with its “Tachyon” upgrade, targeting sub-second private transactions on mobile. The Zcash Foundation also published its 2026 strategy, and a $25 million ZODL raise brought in institutional interest. Meanwhile, work on retiring legacy consensus software continued as part of the broader 2026 roadmap.
Top 10 Privacy Token Catalysts in Q1 2026
Here is a recap of what the top tokens achieved in the first quarter of 2026:$ZEN (Horizen): Completed its long-awaited migration to the Ethereum L2 network "Base" in Q1, a move to unlock better DeFi access and lower fees. It also… pic.twitter.com/Qe1IsJiXZp
— Dami-Defi (@DamiDefi) May 2, 2026
Monero ($XMR) advanced development of FCMP++, a cryptographic upgrade replacing ring signatures. The change expands the anonymity set from 16 decoys to nearly the full blockchain. This is among the most technically ambitious privacy changes proposed in the sector this cycle.
Dash ($DASH) launched its “Evolution” platform upgrade, introducing a Smart Contracts Virtual Machine and the Inter-Blockchain Communication Protocol. The rollout extended Dash beyond payments into a full smart contract layer while retaining speed and privacy features.
Governance Outcomes and Market Reactions Reflect Growing Community Confidence Decred ($DCR) passed a governance proposal in Q1 that restructured treasury management and raised spending to 4% for long-term growth.
The announcement triggered a 75% weekly price surge, pushing DCR to $29. A mandatory v2.1.4 release with security patches followed shortly after.
Pirate Chain ($ARRR) made progress on its Orchard protocol upgrade and continued development of a Unified Light Wallet.
The project also launched a fundraiser to integrate with the AnonBazaar private marketplace. Its token rose 168% over a single seven-day period during the quarter.
Secret Network ($SCRT) released a 2026 roadmap covering privacy upgrades and AI workload support. It began work on SGX decoupling to reduce hardware dependencies and partnered with AntSeedAI to offer secure, open AI inference through its network.
Dusk Network ($DUSK) executed a mainnet upgrade that improved transaction speeds and throughput for high-frequency institutional trading.
It also reported over €300 million in assets moving through its NPEX partnership, reinforcing its position in Europe’s real-world asset market.
A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark.
Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter.
According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing a 17% increase from Q2.
Moreover, the number of active users trading new listings in the exchange increased 16%, while the trading volume for these tokens surged 97%. The report also noted that the spot market had a “particularly robust” performance last quarter, with the top 10 highest-volume tokens recording an average peak gain of 2,933%, a 158% jump from Q2.
Notably, memecoins, AI + Web3, Perpetual Decentralized Exchanges (DEXs), and stablecoin protocols were among the dominant narratives, with tokens like STBL, Chainbase (C), and DeAgentAI (AIA) showing remarkable 500% to 12,00% performances.
Meanwhile, the BSC ecosystem outperformed all other ecosystems, taking six of the top 10 tokens by growth in the crypto exchange. The report detailed that BSC projects produced an average return of over 9,000%, including TALE, BAS, and MEAL.
It’s worth noting that the BSC outperformed other networks in DEX activity earlier this month, with data showing that it recently ranked first across all chains, surpassing Ethereum and Solana on DEX daily trading and chain fees. Additionally, BSC reached a new all-time high (ATH) of 5.02 trillion gas used in a single day two weeks ago.
MEXC also highlighted that BSC’s strength was matched by the Ethereum and Base ecosystems, which recorded strong performance with GAIA, ERA, and Avantis (AVNT), “representing the growing cross-chain vitality of Layer-2 and DeFi derivative protocols.”
Crypto Losses Trend Slows Down The report revealed that the crypto exchange intercepted 48 fraud cases last quarter, freezing nearly $5 million in illicit funds. As part of its efforts to prevent fraud, it also restricted more than 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot-trading accounts.
Notably, a concerning trend that has been developing this year, which could drive theft from digital asset services to a new milestone by the end of 2025.
According to Chainalysis, crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half of 2025.
As reported by NewsBTC, hacks significantly increase at the start of Q3, driving over $100 million in losses for exchanges. Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively.
This trend briefly shifted in July as the total value of stolen funds surged 27.2% from the previous month. Nonetheless, recent reports show that total funds lost to crypto hacks and exploits dropped around 37% in Q3, despite the market rally and initial trend.
Total crypto market capitalization is at $3.6 trillion on the one-week chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
BNB has seen a 5.5% price jump following the White House announcement that Binance co-founder has been pardoned by US President Donald Trump, leading some analysts to suggest that a new leg up might be around the corner.
US President Grants Pardon To Binance Founder On Thursday, the White House revealed that US President Donald Trump had pardoned Binance co-founder and former CEO Changpeng Zhao, also known as CZ, two years after pleading guilty.
In an official statement, the White House’s press secretary, Karoline Leavitt, said that the US President “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”
Leavitt stated that “In their desire to punish the cryptocurrency industry, the Biden Administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims.”
In 2023, Zhao pleaded guilty to Anti-Money Laundering (AML) violations while being the CEO of Binance. As part of his plea deal, he stepped down from his position in the crypto exchange and served a four-month prison sentence last year. Additionally, Binance reached a $4.3 billion settlement with the Department of Justice (DOJ).
The White House press secretary affirmed that “these actions by the Biden Administration severely damaged the United States’ reputation as a global leader in technology and innovation,” declaring that “the Biden Administration’s war on crypto is over.”
Notably, there have been rumors that President Trump could grant a pardon to Zhao after January’s pardon of Silk Road founder Ross Ulbricht. In March, the Wall Street Journal reported that Zhao allegedly had been “pushing” a Binance US deal for a pardon since 2024. However, he quickly denied these claims.
In an X post, CZ thanked the Trump Administration, stating that he is “deeply grateful” for the long-awaited pardon and “to President Trump for upholding America’s commitment to fairness, innovation, and justice.” The Binance co-founder also pledged to “do everything we can to help make America the Capital of Crypto.”
CZ Pardon Pushes BNB To $1,100 Following the news, BNB saw a 5.5% jump to reclaim the $1,100 mark. The cryptocurrency has recorded a massive rally over the past few months, reaching a new all-time high (ATH) of $1,375 nearly two weeks ago.
Altcoin Sherpa highlighted the altcoin’s price action amid the recent market performance. However, he expressed doubt about whether BNB will “continue being the strongest major or not,” at least in the short term.
He suggested that Solana (SOL) could have a better performance in the coming weeks, arguing that “both ETH and BNB had incredible runs previously and probably need more time to chill out.”
Since last Friday’s correction, BNB has been trading within the $1,050-$1,125 range, failing to break out of the upper level for the past six days. Analyst Open4Profit noted that if the altcoin reclaims the range’s resistance, the price could rally toward its ATH levels and continue its price discovery uptrend toward the $1,500 target.
Market watcher CW pointed out that BNB has two key sell walls ahead, one at the $1,180-$1,190 area and another between the $1,200-$1,220 mark, suggesting that the altcoin could face resistance around these levels if the price breaks out.
As of this writing, BNB is trading at $1,116, a 10.5% increase in the monthly timeframe.
BNB’s performance in the one-week chart. Source: BNBUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
PANews reported on October 24th that the dispute between Fetch.ai and the Ocean Protocol Foundation may be coming to an end, with both parties working to resolve misunderstandings through an agreement to avoid litigation. According to Fetch.ai CEO Humayun Sheikh, if Ocean Protocol returns the 286 million FET tokens sold during the merger, Fetch.ai will withdraw all legal claims and be willing to cover related legal costs. Ocean Protocol, in turn, stated that it would agree to return the tokens if the proposal was formally submitted in writing.
Previous reports revealed that blockchain data indicated that wallets associated with Ocean Protocol had exchanged approximately 661 million Ocean tokens for 286 million FET tokens, valued at approximately $120 million at the time. Some of these tokens were transferred to Binance and GSR Markets. However, Ocean Protocol denied the allegations and stated that its decision to withdraw from the ASI Alliance was unrelated to the token transfer. Ocean Protocol founder Bruce Pon stated that the decline in FET token prices was primarily driven by market sentiment and the sell-off by SingularityNet and Fetch.ai, and was unrelated to Ocean's departure from the ASI Alliance.
The two parties are currently seeking to resolve the dispute through an agreement to avoid further damage to their reputation and finances.
Earlier news, Ocean Protocol explained the reasons for its withdrawal from the ASI Alliance, accusing two partners and saying that it had filed a lawsuit .
FET price may have bottomed at $0.23, showing signs of easing bearish pressure as the Ocean Protocol saga unfolds and Fetch.ai announces a weekly 50 FET burn per wallet registered on asi1.ai.
Summary
FET price has bounced from a $0.23 bottom, with technicals (7-day SMA, RSI) suggesting bearish momentum may be easing. FET recent crash was driven by renewed U.S.–China trade tensions and the Ocean Protocol fallout. Fetch.ai CEO Humayun Sheikh plans to pursue class-action lawsuits across multiple jurisdictions over the disputed token transfers by Ocean Protocol. The Fetch Foundation announced weekly burns of 50 FET per wallet registered on asi1.ai. Fetch.AI (FET) price appears to be in the early stages of a potential recovery after what looks like a bottom around the $0.23 level. The token has bounced from that zone, currently trading near $0.26.
Importantly, FET price is attempting to reclaim the 7-day SMA, a sign that short-term momentum is beginning to shift back in favor of buyers. The RSI is also showing the first signs of divergence: while FET price recently made a lower high, RSI formed equal highs. The indicator is now curling upward from deeply oversold territory near 27, suggesting that bearish momentum may be nearing exhaustion.
If FET price can sustain above the newly established support zone at $0.23 — ideally with decreasing selling volume — accumulation could gradually build, laying the groundwork for a potential recovery toward $0.40 (the 0.382 Fib level, which was broken on October 10 during the broader crypto market sell-off triggered by renewed trade tensions). A successful rebound above this level could pave the way for a further push toward $0.60, the previous consolidation base that gave way prior to the October 10 flash crash.
Looking ahead, a successful reclamation of $0.40, along with RSI recovery above 30 from deeply oversold territory, would serve as an early signal that a reversal may be underway.
FET 1D chart | TradingView Why did FET price crash? FET crashed 30% on October 10 amid the broader crypto market bloodbath, which was triggered by escalating U.S.-China trade tensions. President Donald Trump’s announcement of a 100% tariff on Chinese tech exports and export controls on critical software led to a sharp market reaction. Bitcoin (BTC) dropped 8.4% to $104,782, and Ethereum (ETH) fell 5.8% to $3,637, with many altcoins suffering double-digit losses.
On October 9, just a day before the broader market crash, Ocean Protocol—a major partner in the Artificial Superintelligence Alliance—withdrew from the collaboration. Subsequent on-chain data revealed that a multisignature wallet associated with Ocean Protocol converted 661 million OCEAN tokens into 286 million FET tokens on July 1. Those tokens were then distributed, with approximately 270 million FET sent to exchanges such as Binance and GSR Markets. As a result, Humayun Sheikh—Fetch.ai’s CEO—announced plans to fund class-action lawsuits across three or more jurisdictions.
If you are or were a holder of $fet and have lost money during this Ocean action be ready with your evidence. I am personally funding a class action in 3 or possibly more jurisdictions. I will be setting up a channel for all to submit your claims. Hold tight and be ready!
— Humayun (@HMsheikh4) October 16, 2025 On October 21, Sheikh also offered a $250,000 bounty for information leading to the identification of the signatories behind Ocean Protocol’s multisig wallet, aiming to uncover the individuals responsible for converting and distributing the disputed 286 million FET tokens, valued at around $120 million, to exchanges without proper disclosure.
The bounty has now been concluded. According to Sheikh, all necessary information has been received from verified contributors, and the $250,000 reward will be distributed accordingly.
On October 23, Sheikh announced that for every Fetch wallet that creates an account on asi1.ai, the Fetch Foundation will burn 50 FET tokens. The burns and reconciliations are scheduled to occur weekly, aiming to restore value for FET holders.
For every fetch wallet which creates an account on https://t.co/N2w9qm1YdZ , fetch foundation will burn 50 $fet. Reconciliations and burn every week. Let’s push the utility and create value.
Fetch.ai and Ocean Protocol move toward resolving dispute over 286M FET tokens worth $120M. CEO Humayun Sheikh offers to drop legal claims if Ocean returns tokens before merger finalization. The Fetch.ai project and the Ocean Protocol Foundation are now on the path to resolving the dispute over the 286 million FET tokens worth about $120 million. The proposal would conclude a flare-up of tensions between the blockchain projects, while avoiding time-consuming legal proceedings that would damage the reputation of both projects.
While attending a public chat on social media platform X on Thursday, Fetch.ai CEO Humayun Sheikh proposed a simple solution. He stated that, prior to the merger, they will drop all legal claims if Ocean Protocol returns the tokens they allegedly sold as part of the merger. Sheikh reiterated how simple his offer is, adding that the community deserves the tokens back in return for dropping every legal claim against the foundation.
The CEO committed to paying for any legal fees related to the current contract to help recover the tokens. Ocean Protocol seems open to the offer as soon as things are made official, GeoStaking, the validator node that helped facilitate things, said. According to Sheikh, the official offer could be prepared and submitted by as early as Friday, which is pretty quick to resolve the issue.
Background of the Controversy The dispute arose after blockchain analysis showed that a wallet linked to Ocean Protocol had swapped out 661 million Ocean tokens for 286 million FET tokens. Platform Bubblemaps tracked 160 million FET tokens moved to the Binance exchange, and 109 million FET tokens moved to trading firm GSR Markets. Ocean Protocol exited the Artificial Superintelligence Alliance on October 9, issuing an announcement that did not mention those token transactions.
The FET token price has fallen 93% since the establishment of the ASI Alliance in March of 2024, from its peak price of $3.22. Ocean Protocol founder Bruce Pon does not believe he should be blamed for the price drop, arguing it was caused by more significant market factors and liquidity. Pon indicated that general market volatility and the sale of large amounts of tokens by other alliance members were more responsible for the price collapse.
Pon promised a comprehensive response dealing with all of the accusations while still emphasizing that Ocean Protocol made the ethical business decision to leave the partnership.
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Key Takeaways Why does this dispute matter? Because the return of the 286M FET tokens could remove a major supply-overhang risk and restore trust in the AI-crypto alliance.
What changed this week? During an X Space, both sides signaled willingness to settle, but no official agreement has been signed yet.
The long-running dispute between Fetch.ai and Ocean Protocol over roughly 286 million FET tokens [worth about $120 million] appears to be moving toward resolution.
The development surfaced during a community X Space, where Fetch.ai signaled willingness to settle. However, no official joint statement or signed agreement has been released, leaving the situation unresolved.
Background: A dispute that shook the “AI crypto alliance” On 21 October, AMBCrypto reported that Fetch.ai accused Ocean Protocol Foundation of converting OCEAN tokens into FET.
They then moved a portion of the holdings to centralized exchanges, including Binance and market-maker GSR.
At the time, these transfers raised concerns about potential sell-pressure and intentional token dumping.
This triggered sharp community backlash and damaged trust across the AI-crypto coalition that previously included SingularityNET.
Since then, FET has suffered a steep decline, falling over 90% from its annual peak, and crashing to the $0.23–$0.26 range in recent trading.
The latest update: Ocean signals willingness to return FET tokens During the X Space discussion, Fetch.ai signalled willingness to drop the lawsuit against Ocean Protocol if they returned the FET tokens.
Ocean Protocol reportedly indicated its readiness to return the FET tokens, provided it receives a formal written settlement proposal from Fetch.ai.
Fetch.ai representatives stated that they will withdraw legal claims if the tokens are returned in full.
For now, the arrangement remains conditional and informal. Additionally, there is no signed settlement document, and neither project has issued a formal public announcement.
This leaves the community cautiously optimistic, but not convinced.
Market reaction: FET stabilizes but remains deeply oversold The FET price chart indicates that the token has entered deep oversold territory, with the RSI hovering near 27.
This is a historically significant region associated with reversal attempts. As of this writing, it was trading at around 0.27, with an increase of over 3%.
Source: TradingView However, traders appear hesitant to position aggressively until the token-return details are clarified — particularly around:
Where the returned tokens will be held Whether vesting/lockups will apply Who controls treasury governance in the future Without these answers, supply-overhang risk remains a core concern.
What comes next? If the agreement is finalized and tokens are returned under transparent lockup terms, the move could restore credibility and relieve sell-pressure fears on FET.
If negotiations stall — or if tokens re-enter circulation without controls — market confidence could weaken further.
For now, the market is waiting, and the alliance’s future hinges on whether the two teams can document and execute what they just signaled in public.
As you may recall, in the first days of October, the Ocean Protocol (OCEAN) Foundation announced its withdrawal from the Artificial Superintelligence Alliance (ASI), which it formed together with Fetch.ai (FET) and SingularityNET (AGIX).
Following this news of the split, the price of ASI dropped by double digits. Following the collapse of the trilateral alliance, a dispute arose between Fetch.ai and the Ocean Protocol Foundation.
However, the duo decided to resolve their ongoing token disputes without going to court and reached an agreement.
Accordingly, the agreement in question includes the return of 286 million Fetch.ai (FET) tokens worth approximately $120 million.
What happened? Fetch.ai CEO Humayun Sheikh said on Thursday that his team would cease all legal action if Ocean Protocol returned the 286 million FET tokens allegedly sold during the merger.
“They are waiting for a legal offer from us to return the tokens. You can receive my letter tomorrow.
The offer is simple: Give the tokens back to my community. I will waive any legal claims.
GeoStaking, a validator node affiliated with Fetch.ai, reportedly mediated the talks, and Ocean Protocol agreed to the rollback after a formal proposal was submitted.
The agreement will allow both parties to resolve their disputes without the need for lengthy litigation that could damage their reputations and finances.
Additionally, the agreement will enable both projects to focus on collaboration and innovation in the field of decentralized artificial intelligence and Web3.
How Did the Dispute Begin? Founded in March 2024, ASI aimed to unify the Fetch.ai, SingularityNET, and Ocean Protocol ecosystems under a single, unified AI token. This process involved converting AGIX and OCEAN tokens into Fetch.ai's FET token at fixed rates, after which FET was rebranded as ASI. Because no new smart contract was created, most exchanges and data platforms still list the token with the ticker symbol FET.
However, Ocean Protocol announced its withdrawal from the trilateral alliance. The dispute between Fetch.ai and Ocean Protocol began after Fetch.ai accused Ocean Protocol of converting 661 million OCEAN tokens into 286 million FET tokens through a multi-signature wallet affiliated with the project. Ocean Protocol founder Bruce Pon denied the allegations, stating that the recent drop in the FET price had nothing to do with Ocean's exit from the ASI Alliance, which was formed by the merger of Fetch.ai, Ocean Protocol, and SingularityNET.
*This is not investment advice.
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If you follow AI, then you’ve probably seen this big story that, for some reason, not many people are talking about. I’m talking about Ocean Protocol leaving the ASI Alliance. It’s a complex decision with lots of factors to take into consideration. Let’s look at the events behind Ocean’s departure.
Intro to The Main Players First, we have the 3 projects involved in the alliance, and it was the biggest crypto merger involving tokens that we’ve seen so far. We have
Ocean Protocol Fetch.ai Singularity Now, I’m not getting too deep into all the projects. Yet, one of the reasons for conflict and this ultimate business divorce is that the projects focus on different areas. Ocean in particular. Both Fetch and Singularity have a focus on building and deploying autonomous AI agents. So they are building out things such as agent app stores and such so you can find an agent for financial tasks or health care. And that’s great. But that’s not what Ocean does.
Ocean is more involved in decentralized AI infrastructure. This includes things like access for AI models and datasets, as well as the computing power that AI models need. Both are great goals and necessary developments for AI in crypto to be successful. And yet, they are very different from each other.
A Simple Question But first, a simple question. You get married. Then you find out that your spouse expects access to your accounts at all times but does not give you access to theirs. The moment something goes wrong, everything is your fault. Instead of trying to talk it out, the first step is to threaten to go to lawyers. You marry your spouse, yet you find out that their mother controls their entire financial life.
What do you do? Do you stay married? Or do you acknowledge you made a mistake and cut your losses? Well, keep that in mind for what you are about to hear…..
Now onto the events that led to Ocean’s departure.
The Announcement and Short Honeymoon The announcement of the alliance took place in March 2024. Immediately after, Humaun Sheikh, CEO of Fetch.ai, made some forceful and (some would call) shady decisions. These include the need to use the Fetch L1 chain that would lock out a number of Ocean’s pre-existing partners.
And we know this is not the way to start a successful, new marriage, business or otherwise. Everyone needs to compromise on something.
I guess this is why we have annulments. But what’s the business equivalent?
Less than 2 months later, seeing that the Ocean team had made a mistake, they asked to be let out of the Alliance. All of this was done in private and in good faith to inform both Fetch and Singularity.
Sheikh’s first reply, and you can see his email on this blog post in the April 2024 section, was to threaten lawsuits with major damages if Ocean leaves. The legal disputes started in May. And they are still going on now…….
Meanwhile, starting in the Summer of 2024 and continuing now, Fetch and Singularity have sold $500 million worth of tokens. And Ocean has sold none. This does not account for the reckless spending and questionable ethics on moving money & tokens to and from the Singularity Treasury wallet, as reported in December 2024.
Put simply, there was a lot of shady stuff going on, leaving Ocean and its community holding the bag. It’s been Ocean’s position all along that Sheikh, who controls Fetch, has not been acting in good faith with them as a full partner should.
Remember my simple question earlier?
The TRNR Deal So Ocean’s partners are freely spending Ocean’s money. Or trying to. And it’s capped off with this deal on TRNR in June 2025. You can see here from the same blog post that Ocean says they were never consulted.
Imagine having a partner who pledges a huge chunk of their Treasury to back a loan you don’t know about or approve of. And using volatile crypto assets can lead to margin calls.
It’s ridiculous, right? I mean, who would do that? Well, read on to see…..
Independent of Ocean, and Ocean isn’t even mentioned in the SEC filings, Fetch was working on an ETF deal. It would include funding from Treasuries (including Ocean’s) and a $50 million loan to ISI and market maker DWF. It’s a pretty arrogant move on Fetch’s part to think they can make a deal this big that involves Ocean’s Treasury and not even consult them or mention them, let alone get them to sign off on it. It’s ridiculous. No one would put up with that type of behavior in a partnership.
That was June. Then, thanks to market volatility and the huge October 10th liquidation event, large amounts of $FET used to back this deal got liquidated.
What a mess. $FET was the collateral for the ETF deal and the loan, and it was called and liquidated. There wasn’t even any good reason why, except either the ego boost from having an ETF or deepening a relationship with one of the industry’s biggest and also most controversial market makers. It just makes no sense at all.
Response to Claims of Ocean Token Mismanagement Then there are the claims of mismanagement by the Ocean team of trying to “drain” the Alliance Treasury. Now with no access to Fetch or Singularity funds, this claim seems a little silly. But what the team did, and the response is below on X, is convert $OCEAN to $FET, as was their right, and then move tokens to OTC providers to have liquidity for private trades. While we don’t always love that projects do this, it is both an accepted and legal way to help manage your Treasury and earn on those tokens. You could argue our markets might be better and more open without OTC and market makers like DWF and Wintermute. But they’d also be less liquid, harder to trade, and institutions would likely not be in the market at all. So it’s not an all-or-nothing deal.
The ASI Alliance from Ocean’s Perspective
By @brucepon
People are rightly angry and frustrated. No one is a winner in this current state of unease, lack of information and transparency, and mudslinging. Ocean doesn’t see the benefit of throwing around unfounded and false… pic.twitter.com/YUfTQmvhxZ
— Ocean Protocol (@oceanprotocol) October 23, 2025
OceanDAO Adds Services In the meantime, Ocean still works to make things better for its community. And one way of doing that is through adding services like yield generation for $OCEAN token holders.
Since Fetch acted unilaterally in the TRNR deal, Ocean was looking to protect the community through its incorporation of Ocean Expeditions in the Cayman Islands.
Not surprisingly, Sheikh saw this as a betrayal since the Ocean Treasury would not be wide open for pledging or pilfering or committing in ways the community may not approve of.
You can see the ongoing themes here. Fetch wants to control all funding and tokenomics decisions. Even where Ocean and its community are concerned. It’s a good reason to worry.
$FET Price Tanks Now, we get to the finger-pointing. Fetch is down 90% since the Alliance announcement. And to be fair, most of the market outside the top 20 or 30, and a few memecoins have been awful in this same period.
And yet, while Fetch mismanages its Treasury with deals like this TRNR deal with stupidly volatile collateral, Ocean gets accused of tanking the $FET.
Hardly.
It’s pretty clear that Fetch brought this on themselves and are looking for someone else to blame.
Ocean Exits The Alliance After 18 months of this back-and-forth nonsense, Ocean Protocol finally had enough and said “we’re out”. That was around the same time as the TRNR collateral liquidation. And on the day of the announcement, $FET only dropped by 2 cents from 55c to 53c.
The Alliance had no enforcement mechanisms built in to hold the partners to the decisions they make. It was also not very decentralized, something important to Ocean and its community. Not when you consider all the control Sheikh has over Fetch and thus the partnership.
What’s Next? This is an important question. Ocean has a proud, active community. And some of them converted their tokens, while others didn’t. We will be discussing that and its effects in a follow-up article.
As of now, there are some legal things to work out. And no one knows how long that will take. Ocean Protocol project will continue. They will continue to build out a decentralized infrastructure network for data and AI. That’s so developers and small projects can get what they need to build out their apps, protocols, or agents.
The Artificial SuperIntelligence Alliance is something that seemed like a good idea. Three projects that had taken time to establish themselves. And they wanted to push themselves and AI forward. With no means of enforcement, rules, or ways to engage and manage disputes fairly, it seems now that the Alliance was doomed from the start. Ocean Protocol is ready to move on and look to the future.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. This post is sponsored by Ocean Protocol.
PANews reported on November 8th that, according to CryptoSlate, Fetch and three token holders have filed a class-action lawsuit in the Southern District of New York, accusing Ocean Protocol and its founders of misleading the community and causing misunderstandings about the autonomy of OceanDAO. The lawsuit, case number 1:25-cv-9210, was filed on November 4, 2025. The defendants include Ocean Protocol Foundation Ltd., Ocean Expeditions Ltd., OceanDAO, and Ocean's co-founders Bruce Pon, Trent McConaghy, and Christina Pon.
The plaintiff alleges that Ocean falsely stated that hundreds of millions of OCEAN "community" tokens would be reserved for DAO rewards, but in reality, after joining the ASI consortium, it converted and sold these tokens, thereby depressing the value of FET and undermining the governance model claimed by the DAO. The lawsuit claims that over 661 million OCEAN were converted into approximately 286.46 million FET, and subsequently approximately 263 million FET were released into the market, equivalent to more than 10% of the then-circulating supply, causing downward pressure on the price of FET during and after Ocean's withdrawal from the market.
The document states that Ocean transferred OceanDAO assets to the Cayman Islands entity Ocean Expeditions in late June, began converting OCEAN to FET in early July, liquidated most of the resulting FET on a centralized trading venue, and withdrew from the ASI consortium in October.
Episode 3 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and a16z Crypto Founder Chris Dixon.
Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].
Chris Dixon is a managing partner at a16z and the founder of a16z crypto.
In this episode, Dixon gives an overview of his new book, Read Write Own: Building the Next Generation of the Internet, and explains how blockchains have the potential to create more equatable online experiences.
OUTLINE
00:00 Background
08:04 New Book
11:13 Crypto Skeptics
14:56 Tech Centralization
19:53 Web2 vs Web3
24:11 Networks vs Tokens
31:12 Platform Ownership
33:49 Platform Take Rates
37:49 Consumer Crypto
40:49 Regulatory Uncertainty
47:29 Venture Landscape
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
The world’s largest crypto exchange Binance on Tuesday said it has expanded support for three trending altcoins for spot trading. Binance will enable new trading pairs and trading bot services for ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR) this week, bringing further rally as these rallied massively last month.
Binance periodically reviews listed cryptocurrencies to increase users’ trading experience and lists new pairs witnessing massive demand.
3 Binance-Picked Altcoins To Buy Crypto exchange Binance in an official announcement on June 4 stated that it has expanded spot trading choices for ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR), enhancing users’ trading experience.
Binance users can start trading for HIGH/TRY, PEOPLE/FDUSD, and TNSR/USDC pairs at 08:00 UTC on June 5. Users will enjoy zero maker fees on PEOPLE/FDUSD and discounted taker fees on TNSR/USDC pair, bringing a potential upsurge in prices due to high trading volumes.
In addition, Binance will enable trading bots services and spot algo orders for the above-mentioned trading pairs on June 5. The aforementioned trading pairs remain unavailable in countries: Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Meanwhile, the crypto exchange is delisting and ceasing support for Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). The prices of these crypto fell over 25% in a day.
Also Read: FDIC Says 63 Banks Faces Collapse, Bitcoin Price To Fall or Rise?
PEOPLE, HIGH and TNSR Rallied Massively PEOPLE price rallied over 300% in a month, with the price hitting a local high of $0.13. In the last 24 hours, price dropped 4% to $0.10 on profit booking by traders. Moreover, the trading volume fell 47% in the last 24 hours, but still remains one of the top trading among in the crypto market today.
HIGH and TNSR prices have soared over 50% in a month, but witnessing a selloff in the last 24 hours. HIGH price dropped 23% to $5.98 and TNSR price fell 2% to $1.30.
Also Read: Bitcoin Miners Diversifying Into AI Projecting Billions in Revenue
ConstitutionDAO Coin is the native cryptocurrency of ConstitutionDAO, a decentralized autonomous organization (DAO).
What is ConstitutionDAO (PEOPLE)?The Ethereum $1,623-based PEOPLE token was distributed as a refund mechanism to contributors of ConstitutionDAO, an iconic decentralized autonomous organization (DAO). ConstitutionDAO is a leaderless online collective created to reach a common goal of purchasing the Constitution. Participants could claim or use 1 Ethereum worth of PEOPLE. Although the tokens have no intrinsic value, they increased by 12,000% from their $0.0009 price on November 21st.
According to the ecosystem, PEOPLE has no governance rights and offers no management options to its holders. However, this cryptocurrency has progressed to the point where it could reach the market, targeting CMC millionaires.
In the community’s announcement, it was stated that all actions organized to achieve their goals were completed. Fundraising was conducted, the Sotheby’s bid was placed, but as it was lost, the community was fully refunded as promised. After losing the auction and the core team stepping down, it was reiterated that there were no management or usage rights for the token holders.
Additionally, holding PEOPLE tokens and conducting the desired transactions is an option. It is clear that some sections of the community want to include them in future projects. ConstitutionDAO has not confirmed or supported any future plans for the token. Nothing here constitutes financial advice.
Where to Buy PEOPLE Coin?PEOPLE Coin can be bought and sold securely through Binance, the largest cryptocurrency exchange in the world in terms of trading volume. PEOPLE Coin is traded on Binance in PEOPLE/BTC, PEOPLE/USDT, and PEOPLE/BUSD pairs.
To buy ConstitutionDAO (PEOPLE), you must first become a member of the Binance exchange. Once the membership process is complete, you need to transfer cryptocurrency or fiat currency to your Binance wallet. After the transfer is completed, you can purchase PEOPLE Coin from any of the three pairs mentioned above. To buy from the PEOPLE/USDT trading pair, first, navigate to the interface of this pair. In the limit section, enter the amount you wish to purchase. After specifying the amount, complete the purchase by placing a PEOPLE Buy order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Leading political finance (PolitiFi) coins have defied the broader market trend, experiencing price declines in the past 24 hours. ConstitutionDAO (PEOPLE) and Maga (MAGA) saw their values drop despite overall market stability.
These movements come as the US election day, set for November 5, approaches, adding uncertainty to the performance of these politically linked tokens.
ConstitutionDAO Loses SteamPEOPLE currently trades at $0.08, registering a 2% drop over the past 24 hours. During that period, its trading volume has surged by 17%. A price drop accompanied by rising trading volume suggests that many traders are selling the asset, creating downward pressure.
PEOPLE’s negative Chaikin Money Flow supports this bearish bias. As of this writing, it is at -0.01 and in a downward trend.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
PEOPLE CMF. Source: TradingViewWhen both price and CMF are declining, the bearish sentiment is strengthened. The falling price shows weakness, and the negative CMF confirms that traders are not accumulating the asset, further reinforcing the downward momentum.
If the downtrend continues, PEOPLE’s price could drop by 26%, reaching $0.06. Should the bulls fail to defend this support level, a further decline to $0.05 may occur.
PEOPLE Price Analysis. Source: TradingViewThe Demand for MAGA Grows WeakerMAGA is another leading PolitiFi coin whose value has plunged over the past 24 hours. The meme coin currently trades at $0.00014, noting a 10% price drop during the period on review. Its technical setup, assessed on a 12-hour chart, confirms the waning accumulation.
For example, readings from its moving average convergence/divergence (MACD) indicator show its MACD line (blue) below the signal line (orange). This indicator tracks a trend’s momentum. When set up this way, it signals weakening momentum and indicates a downward price trend.
Additionally, MAGA’s Elder-Ray Index has fallen below zero, sitting at -0.000027. This indicator assesses the strength of buyers and sellers, with a negative value signaling that sellers are currently stronger, reflecting bearish market sentiment. If this trend continues, MAGA’s price could decline by 57%, potentially reaching $0.000061.
Read more: Best Crypto To Buy Now: Top Coins To Keep an Eye on in October 2024
MAGA Price Analysis. Source: TradingViewHowever, if the altcoin witnesses a resurgence in demand, MAGA’s price may rebound and climb toward $0.0031, invalidating the bearish projection.
Remember when ConstitutionDAO tried (and failed) to buy a copy of the U.S. Constitution? Well, now there’s a project aiming to do much the same with a nuclear bunker.
The creators of doomsday-themed Solana project Meatbags hope to purchase a nuclear bunker built during the Cold War in Rutland, England. To do this, 100,000 Billionaire Bunker Club NFTs will be offered for sale at $14 a pop in an attempt to raise $1.4 million, with NFT holders forming a decentralized autonomous organization or DAO collective that will vote on what to do with the property.
The site spans 1.4 acres with a nuclear bunker and former reservoir, according to SDL Property Auctions, and was built in 1960 to act as a British Royal Observer Corps (ROC) Cold War monitoring post. This was one of 1,500 underground monitoring posts built across the United Kingdom, during a time of heightened fear of nuclear war.
Photo of the nuclear bunker and reservoir. Image: SDL Property Auctions.Planning permission has already been secured for the site by its current owners to turn it into a luxury home with two floors of “cathedral-type ceilings,” a large glass frontage, and views across the Leicestershire countryside. Meatbags claims to have an estimate on how much these plans will cost, and the team has factored this into the NFT raising price.
The attempt recalls the well-publicized effort from ConstitutionDAO, which formed in late 2021 in an attempt to purchase a copy of the U.S. Constitution at auction.
We’re giving Doomsday Preppers around the world a chance to reserve their slice of the Billionaire Bunker Club—a Cold War artifact and the first historic site ever fractionalized into a fully decentralized, community-governed real-world asset on-chain.
— MEATBAGS (@mfmeatbags) April 19, 2025
Despite raising about $47 million to further such aims, the DAO failed to win the auction, losing out to billionaire Citadel CEO Ken Griffin. ConstitutionDAO eventually refunded its participants, which Meatbags has also pledged to do if it can’t secure the aforementioned bunker or an alternative site within six months of its bid being rejected.
But other DAO-driven efforts have had more success fulfilling their aims—such as LinksDAO, which purchased the Spey Bay Golf Club in Scotland in 2023 and is overhauling the site.
Robert, the pseudonymous co-founder and CEO of Meatbags creator Dead Bruv, told Decrypt that the team has scoped out a couple of alternatives already, some of which are also in the United Kingdom—but they’re open to landing a site elsewhere, too.
“We’re confident we'll be able to get our hands on a bunker,” he added.
Photo of proposed refurbishment of property. Image: SDL Property Auctions.Billionaire bunker clubIf the Meatbags collective successfully purchases the property as the result of the upcoming “Buy the Bunker” campaign, it will allow the newly formed DAO to vote on what will be done with the property.
“I guess the idea would be to be able to have people come to the property, stay on it. Either I think it will turn into a tourist attraction, or I think it could also go down the route of being an insane property on Airbnb,” Robert told Decrypt. “Ultimately, it’ll come down to what the DAO votes [for].”
Meatbags is a narrative-driven NFT project about doomsday preppers living in a world that is coming to an end, called Surviville, which mirrors real-world concerns like war tensions, global pandemics, and the rise of powerful AI. As such, the community already has its toe in the world of doomsday prepping—so there’s a chance the DAO could vote to use the property as a functional bunker if the worst was to happen.
Aside from participating in the DAO, Billionaire Bunker Club holders will also receive an on-chain land deed verifying that they own a share of the bunker, and will be invited to an opening party.
Robert claims to have reached out to the auctioneers via email and said they appear open to the NFT project buying the property. SDL Property Auctions did not respond to Decrypt’s request for comment.
The site is currently listed for a guide price of over £650,000 (or about $862,000) plus fees. Meatbags aims to raise $1.4 million so it can also refurbish the place, create wiggle room for negotiating, and pay management, operating, and legal fees incurred throughout the campaign. The DAO will vote on how any remaining funds will be used.
Billionaire Bunker Club NFTs will go on sale on Monday at 8am ET, with users able to purchase using Solana Pay or credit card via the Dead Bruv website.
ConstitutionDAO fell short of its own goal, and attempting to sell 100,000 NFTs in 2025 at any price might seem like a Herculean task. Even so, the team is confident in its chances to pull this off.
“I’m about as optimistic as you can be when betting on crypto and the apocalypse at the same time,” pseudonymous co-founder and creative director Psychrome told Decrypt.
Edited by Andrew Hayward
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CBPAY Token Airdrop campaign launches on XDB CHAIN in conjunction with the announcement of a major travel payments partnership between Coinbar and Tech scale up Utravel by Alpitour Group.
In a pioneering move set to redefine the intersection of the cryptocurrency and travel sectors, XDB CHAIN is thrilled to unveil the launch of the CBPAY Airdrop. This groundbreaking development is part of a broader initiative, announcing a major tech ecosystem partnership in the travel industry, highlighting a collaborative effort with Coinbar and Utravel, Tech Scale up by Alpitour Group
About Utravel and Alpitour Group
Utravel is a GenZ focused Tech Scale Up company of Alpitour Group, It has experienced rapid growth due to its deep understanding and innovative responses to the unique needs of this age group and it has swiftly become a key player for its target market, forming an active community of travelers, content creators, and photographers. This community is united by the pursuit of economically accessible travel that resonates with their identity and values. For the generation born between 1995 and 2012, travel is a top priority, characterized by a quest for authentic experiences that foster a connection with the world and its communities.
Alpitour Group embodies innovation and excellence by standing at the forefront of Italy’s travel industry, one of the biggest in the world. Operating in over 30 countries with a network spanning more than 2,500 points of sale worldwide, Alpitour Group has established itself as a titan in the field, boasting a turnover of €2.0 billion. The group’s extensive portfolio, which includes tour operations, hotel management, and airline services, underscores its dedication to providing superior travel experiences, marked by quality, customer satisfaction, and innovative solutions that make travel more accessible and enjoyable.
CBPAY Airdrop: A Gateway to the Digital Payment Revolution
The CBPAY Airdrop signals a key advancement in digital payments, providing users with an unparalleled opportunity to engage with the cryptocurrency and blockchain technology landscape. CBPAY Airdrop aims at distributing CBPAY tokens to a wide audience, the Airdrop seeks to facilitate the adoption and use of digital payments across various platforms and services within intrinsic utility leveraged by CoinbarPay platform.
Airdrop participants will gain first hand exposure to CBPAY’s integration capabilities for travel bookings through Utravel, designed to incentivize early adopters and foster a broader acceptance of cryptocurrency transactions in daily life. This initiative is geared towards educating and engaging a global audience in the digital payment revolution and it is expected to launch in June 2024.
For additional information on the CBPAY Airdrop and to understand the complete terms and conditions, interested individuals are encouraged to visit https://xdbchain.com/
Strategic Development and Embracement of Real World Assets (RWA)
The strategic collaboration between Coinbar and Alpitour Group’s Tech Scale Up brand Utravel marks a significant milestone in the application of Real World Assets (RWA) within the blockchain ecosystem and particularly within XDB CHAIN, in the brand new blockchain asset category RWA. This partnership, enabling the utilization of cryptocurrencies for travel bookings, not only demonstrates the tangible application of digital currencies but alsostrenghten the position of XDB CHAIN’s in the RWA landscape. Leveraging XDB CHAIN’s advanced technology, fast and seamless transactions, perfectly aligning with the dynamic needs of contemporary travelers.
Youth tourism industry as a driving force
Youth tourism is a market segment experiencing strong growth, with a global value estimated at over $340 billion in 2023. According to the World Tourism Organization, travelers under 35 account for 20% of all international tourists, and their spending is increasing by 5% annually.
Expanding Horizons with Binance Partnership
This initiative gains further momentum with the recent announcement of the CoinbarPay and Binance partnership, extending its potential reach to Binance’s 175 million users worldwide. This collaboration not only showcases the scalability and promise of cryptocurrency payment solutions but also marks a significant leap towards mainstreaming digital currency use in the travel sector and beyond.
Envisioning the Future
This landmark partnership announcement represents a bold step forward in the fast forward development of RWA and in the real world integration of digital payments within the travel industry, offering unparalleled convenience and flexibility to travelers worldwide. As digital and physical realms continue to converge, these developments stand as a testament to the spirit of advancements driving the future of Real World Assets on the blockchain, of the travel industry and the web3 transactions as a whole.
XDB CHAIN, a pioneering blockchain platform, is revolutionizing the Real World Assets (RWA) market. By creating token representations of branded interactions—such as product usage and community membership—XDB CHAIN transforms intangible assets into valuable digital ones. This innovative approach can position XDB CHAIN as a leader in the evolving RWA category.
In an era where digital transformation is reshaping business, XDB CHAIN offers a groundbreaking solution: the tokenization of branded interactions and community engagement. Instead of digitizing brands, XDB CHAIN converts engagements—like product usage and community participation—into tradable digital assets. This process enhances the value of these interactions while opening new, secure, and efficient trading avenues in the digital marketplace. With Web3 and XDB CHAIN, opportunities that were once the domain of Web2 giants are now accessible to all.
XDB CHAIN’s innovation lies in recognizing that intangible assets—driven by AI, consumer interactions, content creation, and personal branding—could represent a larger market than traditional tangible assets. By converting consumer engagement and brand loyalty into digital tokens, XDB CHAIN empowers brands to leverage the dynamic nature of digital interactions fully.
Central to the XDB CHAIN ecosystem is its native coin, XDB, which facilitates the entire tokenization process. XDB enables users and brands to seamlessly engage with these tokenized interactions, providing a secure and efficient means of trading and valuing branded experiences.
Through tokenizing branded interactions, XDB CHAIN has carved out a prominent position in the RWA category, expanding the very definition of Real World Assets. Upcoming products integrations like those with The Sandbox Group (SBX), CoinbarPay (CBPAY), and others will further diversify its ecosystem, while aiming for a position as a key player in the tokenization of intangible assets.
Daniele Mensi, founder of XDB CHAIN, shared his vision for the platform’s future: “I am excited to develop the RWA market with XDB CHAIN and our partner brands. This advancement redefines DeFi, attracting institutions, brands, and consumers. AI will drive unprecedented growth in blockchain, enabling personal brands to wield the same influence as corporations—a process made seamless by XDB CHAIN.”
As XDB CHAIN continues to lead the digital asset transformation, brands and consumers will shape the future of the web3 digital economy. With its robust legal framework, exclusive rights, and the power of the XDB coin, they are not just revolutionizing the RWA space—but unlocking the limitless potential of digital consumer interactions.
About XDB CHAIN XDB CHAIN is an open-source blockchain platform designed to revolutionize the interaction between brands and consumers in the digital world. The platform supports complex smart contracts, expanding its utility across various industries. What sets XDB CHAIN apart is its innovative tokenomics, featuring branded tokens (BCOs) and a dynamic token burn mechanism directly tied to on-chain value creation, fostering real-world use and driving platform adoption. XDB CHAIN pioneers borderless innovation and empowers brands to engage with their audiences through cutting-edge reward and loyalty schemes powered by communities. The platform is GameFi ready, enabling new ways for brands to interact with users through gaming incentives and community-driven rewards.
For more information, users can visit: Twitter | Discord | Telegram
The Ice Open Network (ION) ecosystem welcomes XDB CHAIN as a revolutionary step in Web3 interoperability and user-friendly blockchain solutions. Through their partnership, XDB CHAIN will add its capabilities to the Online+ social platform, where it will unlock innovative decentralized opportunities and enhanced cross-chain interoperability.
🌟 We’re excited to welcome @XDBchain to Online+ and the Ice Open Network ecosystem!
As a user-friendly, open-source blockchain, XDB CHAIN is built to help brands and consumers easily adopt digital assets, including branded coins, NFTs, and payment tokens.
🔥 Through this… pic.twitter.com/X8dBdv49dy
— Ice Open Network (@ice_blockchain) April 16, 2025 A User-Friendly Blockchain Built for Brands and Consumers The real-world blockchain, XDB CHAIN, enables ordinary users, together with businesses, to easily adopt digital assets. The blockchain supports branded coins, NFTs, and payment tokens, which makes it an ideal platform for Web3 entry by companies. XDB CHAIN strengthens its technical and expansion capabilities through its partnership with Ice Blockchain.
Through this partnership, XDB CHAIN will create a social community app within the Online+ platform by using the ION dApp Framework. Users can utilize blockchain-based tools because of this advanced integration that creates a simple point of access on social platforms. This new ecosystem growth will have the Ice Open Network framework as its fundamental backbone since it offers acknowledged speed, scalability, and robust privacy protocols.
XDB CHAIN and the Ice Open Network team declared on X their joint mission to “break down blockchain community barriers while building brand engagement techniques for the future.” The companies aim to unite their goals in developing blockchain technology, which offers straightforward usage for business operations and general users.
Blockchain companies are demonstrating a new trend where different platforms join forces to create better solutions for cross-chain functionality systems. This cooperation shows great promise for reshaping digital asset management through enhanced ecosystem connectivity between systems that users and developers need.
What This Means for the Future XDB CHAIN and Ice Open Network have formed a benchmarking partnership by working together on community development and technology integration, and real-world application initiatives. Through this platform, brands and creators, together with consumers, now have access to new possibilities in digital interaction between their communities.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
XDB CHAIN (XDB) announces a strategic partnership with Alchemy Pay, a fiat-to-crypto payment gateway. The collaboration advances XDB CHAIN’s roadmap as a blockchain for branded real-world asset (RWA) adoption and introduces its first dedicated fiat on-ramp supporting eligible users in the United States, where permitted, while expanding access worldwide.
XDB CHAIN and its native coin XDB are built to support the tokenization and use of branded and payment tokens, NFTs and other utility assets for Web3 payments and brand-led ecosystems. Alchemy Pay complements this with on- and off-ramp infrastructure across more than 50 fiat rails and multiple jurisdictions, aligning an RWA-oriented chain with a compliant fiat gateway. Alchemy Pay also provides product infrastructure including crypto payment cards, NFT checkout solutions, and crypto payment processing used by thousands of merchants around the world.
XDB is already accessible through Alchemy Pay’s website, enabling users to acquire XDB on XDB CHAIN via fiat currencies. Additional on-ramp entry points will be embedded into dApps and websites connected to the XDB CHAIN ecosystem using API integration.
From launch, eligible users in the United States and abroad will be able to purchase and access XDB through familiar fiat payment methods and participate in decentralized applications built on XDB CHAIN.
The partnership also sets a roadmap for phased support of additional XDB CHAIN ecosystem tokens, including CBPAY (web3 reward ecosystem), BEEFI (the GameFi ecosystem token) and HONEY (the token of XDBees).
About XDB CHAIN
XDB CHAIN is a user-friendly, open-source blockchain platform purpose-built to enable real-world asset (RWA) adoption for brands and consumers. It powers digital assets such as branded coins, NFTs, and payment tokens, providing the technological and economic rails for branded-token economies and Web3 native interactions.
About Alchemy Pay
Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.
Regulatory and Risk Notice
Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy any security, nor any financial, legal, or tax advice. References to XDB, CBPAY, BEEFI, HONEY or any other digital asset are for informational purposes only. Availability of any digital asset may be limited or restricted in certain jurisdictions, including specific U.S. states. Users should conduct their own due diligence and consult their own professional advisers before acquiring or using any digital asset
XDB CHAIN (XDB) announces a strategic partnership with Alchemy Pay, a fiat-to-crypto payment gateway. The collaboration advances XDB CHAIN’s roadmap as a blockchain for branded real-world asset (RWA) adoption and introduces its first dedicated fiat on-ramp supporting eligible users in the United States, where permitted, while expanding access worldwide.
XDB CHAIN and its native coin XDB are built to support the tokenization and use of branded and payment tokens, NFTs and other utility assets for Web3 payments and brand-led ecosystems. Alchemy Pay complements this with on- and off-ramp infrastructure across more than 50 fiat rails and multiple jurisdictions, aligning an RWA-oriented chain with a compliant fiat gateway. Alchemy Pay also provides product infrastructure including crypto payment cards, NFT checkout solutions, and crypto payment processing used by thousands of merchants around the world.
XDB is already accessible through Alchemy Pay’s website, enabling users to acquire XDB on XDB CHAIN via fiat currencies. Additional on-ramp entry points will be embedded into dApps and websites connected to the XDB CHAIN ecosystem using API integration.
From launch, eligible users in the United States and abroad will be able to purchase and access XDB through familiar fiat payment methods and participate in decentralized applications built on XDB CHAIN.
The partnership also sets a roadmap for phased support of additional XDB CHAIN ecosystem tokens, including CBPAY (web3 reward ecosystem), BEEFI (the GameFi ecosystem token) and HONEY (the token of XDBees).
About XDB CHAIN
XDB CHAIN is a user-friendly, open-source blockchain platform purpose-built to enable real-world asset (RWA) adoption for brands and consumers. It powers digital assets such as branded coins, NFTs, and payment tokens, providing the technological and economic rails for branded-token economies and Web3 native interactions.
About Alchemy Pay
Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.
Regulatory and Risk Notice
Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy any security, nor any financial, legal, or tax advice. References to XDB, CBPAY, BEEFI, HONEY or any other digital asset are for informational purposes only. Availability of any digital asset may be limited or restricted in certain jurisdictions, including specific U.S. states. Users should conduct their own due diligence and consult their own professional advisers before acquiring or using any digital asset
Alchemy Pay, the fiat-to-crypto payments gateway, announced on Wednesday that it has entered a partnership with XDB CHAIN to give eligible users in the United States and customers in jurisdictions worldwide, where permitted, direct fiat access into the XDB CHAIN ecosystem. The tie-up allows people to buy XDB and other XDB-native tokens using U.S. dollars and a wide range of local fiat currencies, with payment options that include Visa and Mastercard, popular mobile wallets and domestic bank transfers.
According to the companies, the integration makes XDB available through Alchemy Pay’s existing on-ramp infrastructure and extends that reach to 173 countries, lowering the technical and regulatory friction for newcomers to Web3. The firms say the goal is to provide a compliant, familiar entry point for users who want to participate in branded token experiences, loyalty programs and other consumer-facing blockchain use cases built on XDB CHAIN.
For XDB CHAIN, a Layer-1 platform pitched as a blockchain optimized for brands and real-world asset (RWA) use cases, the partnership is positioned as a practical bridge to U.S. customers and broader global audiences without forcing brands or end users to become crypto experts. XDB CHAIN supports branded coins, NFTs and tokenized consumer experiences, and the Alchemy Pay integration aims to make those assets more spendable and discoverable through conventional payment rails.
Brands Get an Easier Path to Web3 Brands building on XDB CHAIN should see a more straightforward path to onboarding U.S. consumers, the companies said, enabling use cases such as blockchain-powered loyalty programs, tokenized payments and community engagement that rely on accessible fiat on-ramps. By embedding Alchemy Pay’s API into dApps, wallets and merchant sites connected to the XDB ecosystem, projects can accept card and local payment methods while keeping the user experience familiar to mainstream customers.
Looking forward, both teams said they will continue refining the integration, improving user interfaces, smoothing payment flows and expanding regional payment coverage to further streamline how people and brands enter the XDB CHAIN ecosystem. The announcement frames the partnership as an example of connecting a mature payments infrastructure with a blockchain network focused on practical, consumer-facing utility.
The move comes as a lot of projects are trying to make tokenized assets and branded currencies simple enough for everyday people to actually buy and spend, not just trade for speculation. For XDB CHAIN, adding Alchemy Pay’s on-ramp is a practical, user-friendly step toward that goal, making branded tokens and real-world asset use cases easier for both consumers and brands to adopt.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
