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Top asset management team helps you profit without hassle
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Stake BTC and earn 10% APR
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New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Fetch.ai and Ocean Protocol have reached a token FET agreement worth 120 million dollars.
The dispute between Fetch.ai and the Ocean Protocol Foundation may soon be resolved peacefully as both parties express a willingness to negotiate and avoid litigation. The tension stems from a brief merger period in the Artificial Superintelligence Alliance and revolves around allegations that Ocean Protocol sold approximately 286 million FET tokens ( valued at ~120 million USD) from unauthorized wallets.
Fetch.ai proposed to withdraw all complaints if Ocean Protocol returns this amount of tokens. In a speech on X Spaces, the CEO of Fetch.ai, Humayun Sheikh, committed to covering legal costs; Ocean Protocol is said to agree under the condition of receiving a written proposal. If the agreement is signed, this will be an important turning point in ending the dispute and restoring trust in the crypto community.