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Techub News reports, according to Cointelegraph, the U.S. Department of Justice will not retry the insider trading case against former OpenSea manager Nathaniel Chastain. The Manhattan federal court received a notice from prosecutors on Wednesday stating that they had reached a deferred prosecution agreement with Chastain and would dismiss the case in one month. Manhattan U.S. Attorney Jay Clayton stated that, considering Chastain has already served three months in prison and agreed not to contest the forfeiture of 15.98 ETH valued at $47,330, the decision was made not to retry the case. Previously, Chastain was convicted in 2023 of wire fraud and money laundering for using his position to purchase NFTs that were about to be featured on the OpenSea homepage and selling them for profit after their prices increased.
Techub News: Last night, Doomer tweeted that Coinbase had posted information about OpenSea conducting a $150 million ICO next week, then deleted it. In response, OpenSea CMO Adam Hollander commented "Fake."
Techub News, OpenSea CEO @dfinzer tweeted that the plan is to launch the SEA token in the first quarter of 2026. The foundation has confirmed that 50% of the supply will be allocated to the community, with over half distributed through initial claim rewards. OG and participants in the OpenSea rewards program will have other allocation methods. At launch, 50% of the revenue will be used to purchase SEA. SEA will be deeply integrated with OpenSea, including staking SEA for users' favorite NFTs.
Techub News, OpenSea will launch AI trading service OpenSea Intelligence, which is currently open for waitlist registration. The service is powered by OpenSea MCP.
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