OVERVIEW

Alts Just Bitch Slapped Bears 👋

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

TECHNICAL ANALYSIS
Well, That Escalated 😐️

Two weeks ago I wrote about the drama involving $OCEAN.X ( ▲ 12.9% ) leaving the $ASI.X ( ▲ 1.36% ) and how it turned into somewhat of a he said/she said round of accusations. At the time, it sounded like those issues were resolved. 👍️ 

Until this wonderful (#sarcasm) piece of news posted by $FET.X ( ▲ 60.17% )’s big wig, Humayun Sheikh:

Core Allegations

• Ocean founders misled the Artificial Superintelligence Alliance community about 700 million $OCEAN “community tokens” pledged for DAO incentives.

• Instead, they allegedly moved 661M OCEAN to 286M FET tokens, sold 263 M FET (10 % of supply), and kept profits > $100M.

• Ocean Expeditions (Cayman Islands) was created to transfer and control those assets.

• Ocean then abruptly left the ASI Alliance (Oct 9 2025) and relaunched $OCEAN with a buyback/burn plan using the proceeds.

Legal Claims

1. Fraud & misrepresentation - lied about DAO decentralization and token use.

2. Civil conspiracy - coordinated the dump and cover-up.

3. NY consumer law violations - deceptive acts and false advertising.

4. Breach of contract / good faith - broke the “covenant” with token holders.

5. Promissory estoppel - made public promises they never honored.

Claimed Impact

• FET price fell 60 % ($0.58 to $0.23).

• Confidence in the Alliance and decentralized-AI mission collapsed.

• Hundreds of thousands of token-holders allegedly affected.

What Plaintiffs Want

• Class certification under CAFA (>$5M controversy).

• Damages (compensatory, punitive, treble).

• Injunction to stop any further OCEAN to FET sales.

• Disgorgement, restitution, and attorneys’ fees.

In short: Fetch’s camp claims Ocean hijacked DAO funds, cashed out, and crashed FET - then used the money to revive OCEAN.

Now, there were some fears over the past couple days, chiefly because it looked like Binance put the kibosh on FET transfers and withdrawals for a day(ish). But everyone (well, except for Ocean Protocol fans) breathed a sigh of relief with this follow up from Humayun:

But how are FET/Artificial Superintelligence Alliance hodlers feeling? I think the Stocktwits Social Sentiment and Message Volume Scores speak for themselves:

And if that wasn’t enough, a +70% gain for the day speaks volumes, too.

We’ll keep you updated as this story continues to develop. 🧠 

CARDANO
So I Found A Solar Energy RWA Built On Cardano In Miami 😱

I hope to have a full breakdown of how the Blockchain Futurist Conference in Miami this week went next week. That makes sense if you read it twice, but slowly. 📕 

Anyway, I was honestly gobsmacked when I came across a booth with the Cardano logo on it. What I found was this thing called Kwarxs.

KWARXS: Solar, On-chain, And Allergic to Middlemen

Solar farms you can buy a slice of without begging a bank. KWARXS is taking utility‑scale solar and wrapping it in Cardano-native NFTs, so revenue from electrons can flow back to holders in ADA.

Who’s behind it? This guy, Sandro Gonzalez.

Co-founder Sandro Gonzalez isn’t new to dirt, panels, or debt schedules. He and the team points to 16 years in utility-scale solar and about 6 GW built across Europe, Japan, and South America.

Where It Sits Right Now

Pre‑launch, but funded. They just bagged ₳300,000 from Cardano’s Project Catalyst to push smart contracts, complete a CertiK audit, and keep working toward Dubai VARA registration.

How the cash flow is supposed to work, in normal-person English:

1. NFTs sell and finance solar assets.

2. Those assets generate revenue.

3. Revenue allocations appear on-chain.

4. Holders claim in ADA through the dApp.

5. Claim event burns the entitlement and remints the NFT clean for next time. Right, boring engineering stuffs (no offense wingineers), but that’s the point.

KWARXS brings a credible solar track record and a straightforward revenue‑share NFT design to Cardano. If they ship the audit, lock the license, and get the first farm paying out on-chain, this turns into a solid case study for energy RWAs done right. 👍️ 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🔐 Sui’s Seal Turns Encryption Into a Policy Engine

Seal flips access control by making encryption the rule and decryption the privilege. Instead of bolting on IAM spaghetti, data only opens when its on-chain policy says so, complete with audit trails on Walrus. In short, you stop handing out keys like Halloween candy and start letting math enforce your NDAs. Sui.

💳 Alchemy Pay Expands Faster Than Stablecoins Can Inflat

 Alchemy Pay invested in MiCA-licensed ZBX, integrated Agora’s $AUSD, and added support for five more tokens - all while hosting 8th-anniversary no-fee parties. The company now connects fiat rails in 173+ countries and just launched Brazil’s PIX support. Alchemy Pay.

💾 Motoko Makes Blockchain Upgrades Pain-Free

Motoko’s new Enhanced Orthogonal Persistence kills the dreaded state-serialization headache. No migrations, no data loss, no crying in the console - just automatic persistence across upgrades. Developers everywhere just exhaled for the first time in years, well, at least those working with Dfinity’s shtuff. Internet Computer Protocol.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🏦 Plume Flexes Its RWA Muscles With $645M Locked

Plume wrapped its first full quarter since mainnet and already owns half the RWA market with $645M TVL and 280K holders. SEC approval as a registered transfer agent, new partnerships with Apollo, EY, Mastercard, and Ant Group - it’s basically TradFi in DeFi cosplay. Plume Network.

🔄 0x Swap API Supercharges Monad’s DeFi Playground

Monad’s testnet is live, and 0x is powering everything from HaHa Wallet to Atlantis DEX with instant swaps and best-price routing. The API aggregates liquidity so devs can embed swaps in minutes instead of building a DEX from scratch. Basically, Monad’s getting Ethereum’s liquidity without Ethereum’s attitude. 0x.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

💥 Polkadot’s DeFi Bootcamp Picks Its First All-Star Squad

Velocity Labs just picked five DeFi startups out of 75 for its first Polkadot Builders cohort - Joinn, SigilSafe, WinCoins, Koni Finance, and TidalX. They’re tackling everything from yield wallets for Latin America to perpetual DEXs and estate planning for crypto users who plan to die rich. Call it a 12-week accelerator for the next generation of DeFi nerds (I count myself among you) with functioning roadmaps. Polkadot.

🔥 PancakeSwap Keeps Burning CAKE Like It’s Cardio

Ultrasound money? Nah - ultrasound pastries. October saw another -1.4% drop in CAKE’s total supply, marking 26 straight months of burns. Over 5.6M tokens vanished, most of it from trading fees and lottery games, because nothing says “sound economics” like setting your own currency on fire. PancakeSwap.

👑 King Protocol Crowns Saga With Unified Staking Yield

King Protocol’s $KING token turns scattered staking rewards into one liquid asset and is now collateral on Saga’s Mustang credit engine. That means staking yield can back loans, fuel trades, and loop liquidity - royalty treatment for passive income. Saga.

NEWS IN THREE SENTENCES
Protocol News 🏦

🌐 Cosmos Labs Claims the Crown for Enterprise Chains

Cosmos Labs spent Cosmoverse bragging that Fortune 500s are choosing its stack for payments, tokenization, and even CBDCs. Two new central bank projects, a Cosmos EVM for institutions, and a tokenomics overhaul for $ATOM all point to one thing. Ethereum’s too congested - Cosmos is where the suits are moving in.Personal anecdote: while at the Blockchain Futurist Conference, I met two entities who have built their businesses/chains on Cosmos. Cosmos.

⚡ Stacks Votes 99.99% Yes on Clarity 4

When your chain gets 99.99% agreement, either it’s a cult or the update actually works. Stacks just passed SIP-033 with nearly unanimous support - 208 million STX voted yes, one dude voted no, probably by accident. The Clarity 4 upgrade brings faster execution, smoother syntax, and better tooling for developers. Stacks.

🧾 1inch Wallet Ends the Era of Blind Signing

 Goodbye blind trust, hello informed paranoia. 1inch’s clear-signing feature finally tells users what they’re approving instead of showing random hex vomit. It spells out every token move and contract permission before you hit confirm - transparency so obvious even your grandma could trade safely. 1inch.

🛰️ MultiversX Launches the $100K ‘Battle of Nodes’ War Games

The network’s new Supernova upgrade is getting stress-tested by validators, builders, and users in a $100K competition called Battle of Nodes. Everyone from RPC providers to app devs will push the system until it cracks - then brag about who broke it first. Think of it as crypto’s version of a LAN party (#mourn-the-loss-of-this-experience) with real money. MultiversX.

⚙️ Kaspa and Dymension Tag-Team for Smart Contract Power

Kaspa’s proof-of-work chain finally gets brains by pairing with Dymension to launch KAS-powered rollups. The bridge lets users mint wKAS, fund launchpads, and run L2s with Kaspa as the gas token. Translation: the world’s fastest PoW chain just got a graduate degree. Dymension.

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋