Fetch.AI CEO Humayun Sheikh has escalated a bitter crypto feud by offering a $250,000 bounty to expose Ocean Protocol’s activities, alleging the project liquidated millions of FET tokens worth approximately $120 million. The accusations, which Sheikh characterized as a potential ‘rug pull,’ come just months after Ocean Protocol’s abrupt departure from their joint Artificial Superintelligence (ASI) Alliance and have triggered significant price declines and capital flight from the FET token.
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0 posts last weekFET Surges 5% After $50M Buyback Announcement
Fetch.ai’s FET token rose by 5% to $0.6797 after the Fetch.ai Foundation announced a $50 million buyback, signaling confidence in the project’s undervalued status. CEO Humayun Sheikh confirmed the buyback would occur across major exchanges, aligning with ongoing development of the ASI-1 language model and autonomous agent platform. Market activity spiked, with $45 million in USDT transferred to the ASI Alliance just before the announcement. Analysts noted FET’s rebound from a key technical support level, though some caution that buybacks don’t always guarantee long-term value. The ASI Alliance’s growing infrastructure and utility-driven demand suggest FET’s rise may be more than speculative hype.
about FET Surges 5% After $50M Buyback AnnouncementMetaplanet Hits 10,000 BTC Milestone with $210M Bond Buy
Metaplanet has bolstered its Bitcoin holdings to 10,000 BTC through strategic acquisitions funded by equity and zero-coupon bonds, including a recent $210 million issuance. The firm’s BTC Yield surged to 87.2% quarter-to-date, reflecting strong performance despite dilution. With this milestone, Metaplanet surpasses Coinbase’s holdings and aims to accumulate 210,000 BTC by 2027. The move aligns with a broader trend of companies integrating Bitcoin into their treasuries, as seen with Mercurity Fintech and K33. Metaplanet’s aggressive strategy highlights growing institutional adoption of Bitcoin as a treasury asset.
about Metaplanet Hits 10,000 BTC Milestone with $210M Bond BuyEcho Trade Review: Copy Pro Investors Easily
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about Echo Trade Review: Copy Pro Investors EasilyTRNR Launches AI-Driven Crypto Treasury with $500M FET Buy
Interactive Strength (TRNR), a Nasdaq-listed fitness technology company, is venturing into digital assets by launching an AI-driven crypto treasury, backed by a planned $500 million acquisition of Fetch.ai’s FET tokens. The initiative is supported by an initial $55 million investment from ATW Partners and DWF Labs, with BitGo handling custody. Fetch.ai CEO Humayun Sheikh confirmed the purchases are being made on the open market, not via OTC deals. The announcement spurred a 3% rise in FET’s price and a 12% surge in TRNR’s stock. TRNR chose Fetch.ai for its AI-blockchain synergy, aiming to enhance its digital fitness services and create shareholder value. Fetch.ai’s decentralized AI agents, part of the Artificial Superintelligence Alliance (ASI), optimize industries like healthcare and logistics.
about TRNR Launches AI-Driven Crypto Treasury with $500M FET Buy