The post The Grand Alliance Was Broken! Two Altcoins That Couldn’t Get Along Finally Found a Solution! A $120 Million Deal Reached! appeared on BitcoinEthereumNews.com. 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… The post The Grand Alliance Was Broken! Two Altcoins That Couldn’t Get Along Finally Found a Solution! A $120 Million Deal Reached! appeared on BitcoinEthereumNews.com. 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…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.