Coinbase Will Not Facilitate Ocean-Fetch AI Token Merger

Thursday, June 27, 2024 12:16 AM
890
Coinbase Will Not Facilitate Ocean-Fetch AI Token Merger cover

Coinbase has announced that it will not facilitate the upcoming merger of the Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens related to the Artificial Superintelligence Alliance (ASI). The exchange will continue to support trading for both tokens until further notice but will not execute migrations on behalf of users. Instead, Coinbase will allow users to perform migrations through self-custodial wallets, including Coinbase Wallet. The token merger aims to promote the growth of decentralized AI infrastructure and challenge Big Tech’s dominance in the AI sector. The ASI token is expected to become the largest decentralized AI token by market cap, with a combined cap of $5.8 billion for the three existing tokens. Other exchanges, such as Bitfinex, HTX, Bitget, Binance, and Crypto.com, have announced plans to support the merger and automatically merge the tokens for users, although the exact timeline varies.

Buy Now at

Related News

DePIN Tokens Surge Amid Cloudflare Outage: A Look at TFUEL, GRASS, and IAG cover
a day ago
DePIN Tokens Surge Amid Cloudflare Outage: A Look at TFUEL, GRASS, and IAG
The recent Cloudflare outage has underscored the vulnerabilities of centralized web systems, while simultaneously highlighting the resilience of Decentralized Physical Infrastructure Network (DePIN) projects. During the outage, several DePIN cryptocurrencies, including Theta Fuel (TFUEL), GRASS, and Iagon (IAG), experienced significant price rallies. This surge in value was attributed to the stable performance of DePIN projects, which operate through decentralized nodes, contrasting sharply with the disruptions faced by centralized platforms. As Cloudflare services have now been restored, the question remains whether these tokens can maintain their upward momentum. Theta Fuel (TFUEL) emerged as a standout performer, witnessing a 20% price increase shortly after the Cloudflare incident. This surge pushed TFUEL to a new monthly high, aided by a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator. The breakout above the upper trendline of its falling channel suggests a potential trend reversal. However, the continuation of this bullish trend is contingent on sustained demand; if selling pressure increases, TFUEL could see a pullback toward $0.020. Similarly, GRASS and Iagon (IAG) also benefited from the outage, with GRASS rising 16.60% and IAG increasing by 13%. GRASS broke above a descending triangle, signaling a potential shift in market direction, although it still faces resistance from the Supertrend indicator. IAG's price action indicates buyers are gaining control, with a positive Chaikin Money Flow suggesting improved capital inflows. Both tokens have the potential for further gains, but their bullish outlooks depend on maintaining momentum and overcoming resistance levels.
Theta Launches TPulse Subchain to Enhance AI Interaction Transparency cover
2 days ago
Theta Launches TPulse Subchain to Enhance AI Interaction Transparency
The Theta ecosystem is set to revolutionize decentralized media and AI interactions with the introduction of the Theta Pulse Subchain, or TPulse. This innovative subchain is designed to enhance transparency and data integrity across the Theta EdgeCloud network, which has already seen significant adoption by major brands such as the Vegas Golden Knights and Olympique de Marseille. With the increasing demand for scalable and verifiable analytics, TPulse aims to track and validate AI interactions, turning each engagement into a cryptographically verifiable transaction. This not only ensures transparency but also creates new economic models for brands and developers in the rapidly evolving Web3 landscape. The need for blockchain in EdgeCloud analytics arises from the limitations of centralized systems, which struggle with transparency and data portability. TPulse addresses these issues by recording every user interaction—whether it’s asking a question, watching a video, or making a purchase—as an immutable event on the subchain. This creates a tamper-proof record of engagement that can be utilized by various applications within the Theta ecosystem, including loyalty programs and NFT platforms. The subchain also enhances the economic viability of EdgeCloud by providing transparent AI compute usage and revenue distribution, ultimately driving demand for Theta’s distributed compute network. Scheduled to launch on November 18, the TPulse subchain will initially scale to support a significant portion of live partner implementations. As it rolls out, it will facilitate a new era of on-chain AI analytics, transforming how brands, developers, and users interact within the Theta network. With its focus on verifiable analytics and decentralized compute, Theta is positioning itself as a leader in the convergence of AI and blockchain technology, paving the way for innovative applications and stronger partnerships across various sectors.
Render Token (RNDR) Surges 10%: A Promising Investment Opportunity cover
8 days ago
Render Token (RNDR) Surges 10%: A Promising Investment Opportunity
Render token (RNDR) has recently experienced a significant surge, increasing by 10% and reaching a price of $2.58. This impressive performance is attributed to the convergence of two major trends: Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN). The bullish momentum surrounding RNDR reflects a growing interest in the potential of decentralized computing solutions, particularly as the demand for GPU power continues to rise in various applications, including AI and 3D rendering. From a technical standpoint, RNDR is showing strong signs of bullish momentum. The token has successfully transformed a crucial resistance level into support, indicating a potential for further price increases. However, RNDR faces a significant resistance zone between $2.81 and $3.10, which must be overcome for the bullish trend to continue. Analysts suggest that if this resistance is breached, RNDR could target $3.60 initially, with a more ambitious goal of $4.00 in sight. The increasing network activity on Solana and the growing on-chain demand further bolster this optimistic outlook. The fundamentals supporting RNDR's rise are robust. The Render Network connects users needing GPU computing power with those possessing unused GPU capacity, positioning itself at the forefront of the DePIN narrative. As the DePIN sector is projected to reach $3.5 trillion by 2028, Render's status as the second-largest project in this space, following Filecoin, makes it an attractive investment. Additionally, the insatiable demand for GPU computing power driven by AI applications highlights Render's potential as a cost-effective and efficient solution, solidifying its role as a critical infrastructure provider for the future of computing.
Crypto Market Recovery: Spotlight on DeepSnitch AI and Promising Altcoins cover
9 days ago
Crypto Market Recovery: Spotlight on DeepSnitch AI and Promising Altcoins
The second full week of November has brought positive news for the cryptocurrency market, primarily fueled by developments in the U.S. government. The Senate has made progress in efforts to end the government shutdown, while President Trump announced a $2,000 dividend for citizens funded by tariff revenues. This combination of events has rekindled risk appetite among investors, leading to a notable recovery in crypto markets. Bitcoin surged to $106,000, a level not seen in nearly a week, while major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also experienced significant gains, with XRP rising by 12% following the announcements. As investors seek the best altcoins to capitalize on this bullish momentum, two notable contenders have emerged: Litecoin (LTC) and Filecoin (FIL). Litecoin, often regarded as the original altcoin, has shown signs of recovery after a recent decline, trading above $105. Meanwhile, Filecoin has seen a remarkable rebound, nearly tripling in value to around $2.50 after hitting a low of $1.31. Both coins are considered undervalued and present potential growth opportunities as the market evolves. However, the standout in the current landscape is DeepSnitch AI, an innovative AI coin designed to bridge the information gap in crypto investing. With a presale that has already raised over $510,000 and an entry price of just $0.02244, DeepSnitch AI is positioned for exponential growth. Its unique value proposition, combining advanced AI technology with an engaging meme character, sets it apart from traditional altcoins. Investors are encouraged to act quickly to participate in the presale, as the potential for 100x returns is on the horizon. As the crypto market continues to evolve, identifying promising projects like DeepSnitch AI could lead to substantial rewards in the coming years.
Get Goated Season 2: Nubila Network Airdrop Announcement cover
10 days ago
Get Goated Season 2: Nubila Network Airdrop Announcement
The fifth reward phase of the Get Goated Season 2 has officially launched, highlighting the Nubila Network ($NB) as the latest DePIN project to join the initiative. This phase marks a significant step in the community rewards journey, building on the momentum of previous rounds. Participants who missed earlier rewards can refer to guides for Phases 1 through 4 to catch up. The timeline for this phase is crucial, with the eligibility review and zkPass completion window open from November 8 to 16, leading up to the token airdrop on November 17. Nubila Network is set to revolutionize the DePIN ecosystem by creating the Physical Perception Layer of the Autonomous AI Economy. This innovative project aims to establish a global network of hyperlocal weather and real-world sensors that convert chaotic offline environmental data into reliable on-chain data streams. By integrating verifiable real-world intelligence into AI, DeFi, and prediction markets, Nubila empowers autonomous agents to better understand and interact with their physical surroundings, enhancing risk pricing and real-time value coordination. The reward distribution model for the Nubila Network is designed to promote community engagement and contributions. It allocates 30% of rewards to users completing social tasks, 55% based on participants' BinoBits (BB), and 15% reserved for initial liquidity on Mimo. This structured approach ensures that rewards are reflective of active participation. As the airdrop approaches, participants are encouraged to verify their eligibility and allocations to seize this opportunity to be part of Nubila Network's growth within the IoTeX ecosystem.
BlockDAG Sets New Standard Amidst Crypto Market Volatility cover
10 days ago
BlockDAG Sets New Standard Amidst Crypto Market Volatility
Recent market analysis highlights the volatility of cryptocurrencies, particularly focusing on Bittensor (TAO) and FET. The price fluctuations of these assets underscore the speculative nature of the crypto market, raising questions about the sustainability of such chaotic cycles. Bittensor experienced a significant price surge following the launch of Europe’s first staked Bittensor ETP, reaching a 10-month high of $539, only to see a sharp 20% pullback as traders took profits. This has left the TAO price fluctuating between $382 and $386, with analysts monitoring key support levels as they anticipate the upcoming halving event in December 2025, which could impact supply and price dynamics. In contrast to the unpredictable nature of Bittensor and FET, the BlockDAG (BDAG) project is setting a new standard in the crypto space with its structured approach to presales. With over $435 million raised and a working testnet, BlockDAG has established a definitive presale end date of February 10, 2026. This strategic decision aims to create urgency based on a finite timeline and inherent scarcity, moving away from the typical marketing tactics seen in the industry. CEO Antony Turner emphasizes a shift towards a 'value era,' where the focus is on technology and fixed supply rather than promotional gimmicks. The contrasting strategies of BlockDAG and the volatility seen in Bittensor and FET illustrate the diverse landscape of the cryptocurrency market. While many projects are subject to speculative pressures and market noise, BlockDAG's clear timeline and substantial backing provide a stable opportunity for investors. This methodical approach not only enhances investor confidence but also signals a potential shift in how top-rated cryptocurrencies are launched, prioritizing structural certainty over chaos.
Signup for latest DePIN news and updates