Crypto markets rebound across the board: PayFi sector leads gains of over 7%, ETH breaks through $3,400

PANews reported on November 8th that, according to CryptoSlate, Fetch and three token holders have filed a class-action lawsuit in the Southern District of New York, accusing Ocean Protocol and its founders of misleading the community and causing misunderstandings about the autonomy of OceanDAO. The lawsuit, case number 1:25-cv-9210, was filed on November 4, 2025. The defendants include Ocean Protocol Foundation Ltd., Ocean Expeditions Ltd., OceanDAO, and Ocean's co-founders Bruce Pon, Trent McConaghy, and Christina Pon. The plaintiff alleges that Ocean falsely stated that hundreds of millions of OCEAN "community" tokens would be reserved for DAO rewards, but in reality, after joining the ASI consortium, it converted and sold these tokens, thereby depressing the value of FET and undermining the governance model claimed by the DAO. The lawsuit claims that over 661 million OCEAN were converted into approximately 286.46 million FET, and subsequently approximately 263 million FET were released into the market, equivalent to more than 10% of the then-circulating supply, causing downward pressure on the price of FET during and after Ocean's withdrawal from the market. The document states that Ocean transferred OceanDAO assets to the Cayman Islands entity Ocean Expeditions in late June, began converting OCEAN to FET in early July, liquidated most of the resulting FET on a centralized trading venue, and withdrew from the ASI consortium in October.

The post The Elite Advisory Board Raising the Bar for Crypto Credibility! appeared on BitcoinEthereumNews.com. Crypto Presales Explore how BlockDAG’s world-class advisory board, led by Dr. Maurice Herlihy, turned academic excellence into real blockchain innovation! When most crypto projects struggle to prove their credibility, BlockDAG went a different route; it built one. Instead of relying on hype or flashy marketing, it assembled a board of advisors whose resumes could power an entire university department. This group doesn’t just lend prestige; it validates the technology behind BlockDAG’s hybrid Proof-of-Work and Directed Acyclic Graph system. Among them is Dr. Maurice Herlihy, one of computer science’s most decorated minds and a true authority in distributed computing. The strategy here is simple yet brilliant: combine practical blockchain expertise with academic strength to create a foundation built on real innovation and proven knowledge, not speculation. The Vision: Build More Than a Team BlockDAG understood early that innovation needs more than developers; it needs thinkers who have shaped the field itself. The leadership, headed by CEO Antony Turner, chose to build what they call a “Genius Bar” of blockchain intellect. This idea came from the realization that credibility in crypto doesn’t come from influencers or endorsements; it comes from having the right people asking the right questions. Turner’s background in fintech and Swiss regulation gave him the insight to merge institutional discipline with crypto creativity. This approach reshaped how investors perceive early-stage blockchain ventures. Instead of anonymous teams, BlockDAG offered transparency, leadership, and a network of experts who have not only theorized innovation but also implemented it at scale. That’s why it has become the best-performing crypto today, combining logic, structure, and execution. Dr. Maurice Herlihy: The Academic Powerhouse Every innovation needs an anchor, someone who ensures the foundation is scientifically sound. For BlockDAG, that anchor is Dr. Maurice Herlihy. As a professor at Brown University and winner of the Gödel…

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