Fetch | Crypto

The Artificial Superintelligence Alliance, once hailed as crypto’s flagship AI collaboration, is now unraveling under the weight of internal conflict and competing interests. Formed to unify Fetch.ai, SingularityNET, and Ocean Protocol into a shared ecosystem, the alliance promised to accelerate decentralized AI development through token and governance alignment. But what began as a vision of […] The post Crypto’s flagship AI project fractures: Fetch sues Ocean over 263M FET ‘community’ sales appeared first on CryptoSlate.

Talks between Fetch and Ocean over FET have advanced: Humayun Sheikh has said claims will be dropped if 286M tokens are returned, while Ocean has denied misappropriation as mediation and arbitration have continued amid weak market sentiment. The post Fetch.ai and Ocean End $120M Token Feud – FET Holders Still Reeling From 93% Crash appeared first on Cryptonews.

Ocean Fetch.ai AI Token dispute has intensified as Ocean has exited the ASI Alliance and formal arbitration has begun. Accusations over 286M FET conversions, Binance’s deposit change, and price declines have unsettled governance and left holders seeking clarity. The post Ocean vs. Fetch.ai Turns Ugly: Inside the $84M ASI Token Scandal Tearing Crypto’s AI Giants Apart appeared first on Cryptonews.

Fetch.ai CEO Humayun Sheikh accused Ocean Protocol of mishandling ASI tokens, pledging to fund class-action suits to “expose the truth.” A feud between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Foundation has escalated into legal threats, onchain accusations, and a reaction from Binance, all centering on about 286 million Fetch.ai (FET) tokens worth roughly $84 million. The conflict stems from the Artificial Superintelligence (ASI) Alliance, a 2024 merger that combined AI-focused crypto projects Fetch.ai, Ocean Protocol and SingularityNET under a shared token framework.  On Wednesday, Sheikh alleged that Ocean Protocol minted and transferred millions of OCEAN tokens before the merger. He said the project later converted them into FET and moved large sums to centralized exchanges and market-making firms without proper disclosure. Read more

Interactive Strength (TRNR), a Nasdaq-listed fitness technology firm, is entering the digital asset space by launching what it describes as the first artificial intelligence-driven crypto treasury. The company plans to acquire $500 million worth of Fetch.ai’s FET tokens, according to a June 11 announcement. TRNR has started building its token position, backed by an initial […] The post Interactive Strength to launch AI-driven crypto treasury with $500 million Fetch.ai token acquisition appeared first on CryptoSlate.

Interactive Strength aims to launch the world’s largest corporate AI-crypto treasury to boost shareholder value and incorporate AI tools. Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trent Ward, the CEO of TRNR. Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries. Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens, according to a Wednesday announcement shared with Cointelegraph. Read more