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U.K. Court Trims £8.9 Billion Bitcoin SV Claim Against Binance
Binance secured a significant, though partial, courtroom victory this week when Britain’s Court of Appeal struck out the bulk of a £8.9 billion lawsuit tied to the delisting of Bitcoin SV in 2019. The judgment narrowed an investor claim that exchanges conspired to choke the token’s growth by removing trading pairs, effectively slashing potential damages from $11.9 billion to a fraction of that sum. Court rejects speculative losses In a written opinion, judges dismissed the so-called “foregone growth effect,” explaining that “BSV was obviously not a unique cryptocurrency without reasonably similar substitutes.” Plaintiffs had argued Bitcoin SV might have ascended into the digital-asset elite had liquidity remained intact, a scenario the court deemed too hypothetical for restitution. Mitigation duty emphasized Master of the Rolls Sir Geoffrey Vos wrote, “They had a duty to mitigate their losses,” adding, “They cannot recover losses that they could reasonably have mitigated.” The panel found that investors could have sold holdings or rotated into other coins, undercutting claims for windfall damages. ‘Loss of a chance’ theory fails Lawyers for the class tried to revive a “loss of a chance” doctrine, asserting that delisting deprived holders of future price gains. The court labeled the argument “flawed as a matter of principle,” stressing that “cryptocurrencies are, by their nature, volatile investments.” Implications for broader litigation The ruling may influence parallel suits targeting exchange decisions on token listings, reinforcing the idea that damages must be anchored to measurable economic harm. Binance, still facing limited residual claims from investors unaware of the delisting, welcomed the outcome as validation of its strike-out strategy. Separate FTX battle The exchange is also seeking to dismiss a $1.76 billion action brought by the FTX estate, insisting that mismanagement, not external manipulation, doomed the rival platform. With regulatory scrutiny intensifying worldwide, the U.K. decision offers Binance a precedent to cite in future cases involving allegations of market interference. For Bitcoin SV proponents, however, the latest setback highlights the uphill task of proving that missed market opportunities translate into legally recoverable damages. The case now proceeds with a sharply reduced scope, leaving remaining plaintiffs to quantify losses tied directly to the delisting date rather than imagined bull runs. Legal analysts say the judgment underscores the courts’ reluctance to back-stop speculative bets in an asset class famous for double-digit swings. Exchanges, they add, are likely to view the decision as affirmation that listing choices, while consequential, do not guarantee price trajectories. For investors navigating an ever-changing roster of tradable coins, the message is clear: diversification and timely risk management remain paramount. As digital-asset litigation matures, courts appear increasingly unwilling to entertain what one lawyer called “counterfactual moonshots” dressed up as damage claims. Binance’s limited victory may not end its legal headaches, but it sharply limits exposure on one of the more ambitious suits filed against a crypto exchange. The precedent could ripple through the sector, curbing similar claims and nudging market participants toward clearer contractual terms on token availability. For now, Bitcoin SV must seek relevance in the marketplace, not the courtroom.

2025-05-22 19:44
Supra Introduces Their New AI Oracle Protocol, Making Web3 Smarter and More Secure
Zug, Switzerland, May 22nd, 2025, Chainwire Supra, the first Layer-1 blockchain built for Automatic DeFi (AutoFi) via vertical integration, today announced the debut of its latest innovation: Threshold AI Oracles, a breakthrough protocol that embeds rich data from on-demand AI queries natively on-chain for the first time. Their novel protocol brings intelligence to on-chain applications . This marks a new era of smart contracts with integrated intelligence, powered by real-time AI reasoning along with cryptographic proof, transforming how decentralized applications built on Supra will be able to interact with the real world. Oracles are the lifeblood of decentralized applications, but until now they’ve been limited to price feeds and raw data pipes. Supra’s Threshold AI Oracles introduce multi-agent AI committees that can reason, deliberate, and deliver cryptographically verifiable insights to smart contracts on-chain. This is a groundbreaking shift in the kind of data and information that dApps can access, bringing the fast-evolving world of AI-based queries to dApps securely, verifiably, and in a trustless manner. “Bringing intelligence on-chain is the natural next step for both AI and blockchain,” said Joshua Tobkin, CEO and Co-Founder of Supra. “Threshold AI Oracles will bring active reasoning and all kinds of rich information to dApps on Supra, way beyond just price feed data, while ensuring that every piece of data driving their smart contracts has been validated for security.” This evolution in AI and blockchain oracles opens up a world of new possibilities for dApps on Supra, unlocked by three novel capabilities: Context-Aware Reasoning: Unlike legacy oracles that stream raw inputs, Threshold AI Oracles deliberate over questions like “Did this regulatory change really occur?” or “Should this liquidation execute given the current market sentiment?” The threshold AI oracle protocol can query and return a consensus-based, verifiable response to such complex questions on-chain. Verifiable AI Logic: Each AI query response comes with a compact, threshold BLS signature, providing cryptographic proof that a quorum of AI agents reached the decision, verifiable in milliseconds, and trustless at scale. Just-in-Time Execution: These AI agents operate on-demand, only activating when a smart contract explicitly queries them or when a condition is met. This prevents gas bloating or wasted computation, resulting in lean and intelligent responsiveness. New Class of Intelligent On-Chain Applications From DeFi and DAOs to prediction markets and real-world event triggers, Supra’s Threshold AI Oracles open doors for a richer category of intelligent dApps that can now get datasets of complex information on demand natively, with no centralized off-chain intermediaries or unverifiable black-box AI outputs. “Until now, developers had to bolt AI onto crypto applications with off-chain hacks and centralized APIs to tap into this kind of intelligence,” said Jon Jones, CBO and Co-Founder of Supra. “But with Threshold AI Oracles being built into the Supra network, we can bring a new class of intelligence to on-chain applications natively with logic that is on-chain, verifiable, and secure.” This new oracle layer is planned to roll out in three progressive phases in upcoming network upgrades on Supra Layer-1: Phase 1, Numerical Judgments: Yes/no verdicts, sentiment numerical scores, and binary validations. Phase 2, Structured Commands: JSON-based automation instructions for DeFi logic and DAO actions. Phase 3, Code-Generating Oracles: Supra’s long-term roadmap includes full generation of smart contract logic, enabling dApps that adapt, evolve, and govern themselves adaptively. As the crypto industry matures and on-chain governance becomes increasingly autonomous, the need for intelligent, verifiable decision-making is now absolutely crucial. Supra’s Threshold AI Oracles address this importance, fusing LLM-powered reasoning with threshold cryptography, bringing intelligence on-chain without compromising decentralization or security . “AI-enabled Oracles are the missing link between data and decision,” added Tobkin. “Supra is proud to bring this to Web3 in a way that is scalable, verifiable, and deeply integrated into our Layer-1.” This protocol adds to Supra’s existing vertically integrated stack of native oracle price feeds, system-level automation and bridgeless cross-chain messaging — all of which are built into the Supra Layer 1 blockchain network. Supra’s distinguished Research Team is proud to have published an elaborate whitepaper on this pioneering technology, which was made available this week for free download and review. Supra invites developers to review and test the Threshold AI Oracle module (coming soon to public testnet) with support materials available through its Developer Hub . With Supra’s Threshold AI Oracles, the next generation of dApps can now reason, react, and evolve on-chain and in realtime. About Supra Supra is the first chain built for Automatic DeFi (AutoFi), a novel self-operating automated financial system that also serves as the perfect framework for crypto AI Agents, built upon its vertically integrated Layer-1 blockchain with built-in high-speed smart contracts, native price oracles, system-level automation and bridgeless cross-chain messaging. Supra’s vertical stack unlocks all-new AutoFi primitives that can generate fair recurring protocol revenue and redistribute it across the ecosystem, reducing reliance on inflationary block rewards entirely over time. This stack equips on-chain AI Agents with all the tools they need to run a wide variety of powerful DeFi workflows for users automatically, autonomously, and securely. Contact Marketing Manager James Preston SUPRA Foundation j.preston@supraoracles.com

2025-05-22 12:58
UGO Token Launches on PancakeSwap With Hybrid Model
SIngapore, SIngapore, May 22nd, 2025, Chainwire UGO , the latest innovation in the Gooo, UGO, and WeGo ecosystem, officially unveils its groundbreaking Hybrid Token Model now live for trading on PancakeSwap, introducing a new paradigm for crypto launches—one rooted in fairness, sustainability, and real-world utility. In a market saturated with speculation and short-term gains, UGO takes a bold step toward creating a more balanced and inclusive Web3 economy. Traders can now access UGO through decentralized trading on PancakeSwap, while the token’s user-centric reward structure seeks to empower users, promote longevity, and foster true ecosystem participation. “This isn’t just another token launch—it’s a reimagining of how Web3 ecosystems can and should operate,” said the UGO founding team. “We believe that sustainability, fairness, and utility must coexist from day one. The Hybrid Token Model is our answer to that challenge.” The UGO Difference: A Launch Built for Long-Term Value UGO moves away from traditional crypto launch tactics that favor insiders and early profit takers. Instead, it launches with a hybrid model engineered to protect users, encourage community participation, and support long-term growth: All VC and team tokens are fully locked for 12 to 48 months Only 5 percent of the token supply is unlocked at launch Pricing is driven by decentralized exchanges through automated market makers Everyone can participate freely with no whitelist or early-access restrictions This launch strategy combines the accessibility of fair launches with the capital efficiency of IDOs, while avoiding the flaws of both. 2024: A Breakout Year for UGO Security and Transparency UGO has achieved a 9.5 out of 10 security score from leading blockchain auditor Hacken. The token is live and actively trading on PancakeSwap and is fully verified on BscScan . UGO is also integrated with major platforms, including CoinMarketCap and MetaMask. Strong Traction Through Gooo Platform In Vietnam, a thriving pilot has already brought thousands of users into the Gooo app. These users are earning Gooo Points through everyday real-world activities. Global expansion is scheduled for the first quarter of 2025. WeGo Brings Financial Utility WeGo has successfully completed testing of its debit card prototype. Strategic partnerships have been secured to enable multi-currency support. UGO token integration is entering its final development phase, bringing real-world spending closer to reality. UGO Launch Highlights Transparent Tokenomics and Decentralized Access UGO’s launch structure solves many of the common challenges seen in the crypto space: With 95 percent of tokens locked at launch, price volatility is minimized Team and advisor tokens follow a strict four-year vesting schedule, ensuring aligned incentives Launch access is fully decentralized with no insider advantages Planned Developments for 2025 Global expansion of the Gooo rewards platform Listings on major centralized and decentralized exchanges Launch of the WeGo debit card with support for multiple currencies Development of DAO governance to give users control over the ecosystem’s future Availability UGO is currently available for trading on PancakeSwap. The token’s smart contract address is:0x66a2ed2F04BC7D2a03785DD04261A2FA595a5839 Users can trade $UGO on PancakeSwap About the Ecosystem T he Gooo, UGO , and WeGo ecosystem is a revolutionary platform that rewards users for performing their primary jobs, offering them Gooo Points as a bonus to their income. These points can be redeemed for goods and services or converted into UGO tokens for broader utility. Moving beyond rewards, the ecosystem’s third phase, WeGo, introduces neo-banking services, a multi-crypto wallet, and worldwide debit card solutions, bridging the gap between traditional finance and cryptocurrency. For more information, users can visit UGO’s website . Contact Charles Winn marketingteam@ugotoken.io

2025-05-22 08:45