Fetch.ai Vows Legal Action as ASI Alliance Crumbles Over Token Swap Dispute

AllianceBernstein Holding L.P. reported a significant decline in net income for the third quarter of 2025, with $73.8 million in net income for the period—a 42% drop year-over-year—primarily due to lower equity ownership interest and adjusted net income per unit. The investment management firm also noted a 31.4% decrease in nine-month net income to $218 million, attributed to a prior period gain in 2024, according to its SEC 10-Q report. Despite the earnings dip, the firm maintained its distribution policy, declaring an 11.7% increase in quarterly distributions per unit to $0.86, reflecting non-GAAP adjustments, as the same filing shows.

In the cryptocurrency market, Hyperliquid (HYPE) has drawn attention as whale activity signals a potential shift in momentum. The token, currently trading near $35.6, faces critical support levels around the 200-day moving average. Analysts suggest that whale accumulation during recent volatility could set the stage for a rebound if macro conditions stabilize. However, risks remain, including a lack of retail participation or broader market selloffs, according to a futures indicator report.

Meanwhile, the Artificial Superintelligence (ASI) Alliance, a $84 million collaboration between Fetch.ai, Ocean Protocol, and SingularityNET, faces existential threats after Ocean Protocol's abrupt exit. The feud centers on accusations that Ocean Protocol minted and swapped 719 million OCEAN tokens for FET tokens during the merger, a move Fetch.ai CEO Humayun Sheikh labeled a potential "rug pull." Binance's recent decision to halt Ocean's ERC-20 token deposits has further escalated tensions, with Sheikh vowing legal action against the foundation, as reported by Analytics Insight.

On the energy sector front, enCore Energy Corp. (NASDAQ: EU) has entered a confidential settlement with its former CEO, William Goranson, under which the company agreed to pay $922,033.62, according to an SEC filing. This follows a Seeking Alpha warning that EU's poor financial metrics—such as a -17.44% return on total assets and an EV/Sales ratio of 12.18—justify a "Sell" rating. The firm ranks 182nd in its sector, with historical data showing stocks rated "Sell" or worse underperforming the S&P 500 by 20% annually over the past decade.