Songshu Response to Swarms: Accusations are Baseless, SWARMS Not Sold and Still Held

By: theblockbeats.news|2026/03/28 16:00:11

BlockBeats News, September 10th, Songshu stated in the community that they have not sold and still hold Swarms, 「I have been supporting Swarms from the launch to now, and even continued to invest in the Swarms ecosystem when the market value reached as high as $30 million, with a focus on AI development.」

As for Kye's accusations, Songshu responded that they are baseless, 「Kye once asked for a 10% fee from the ssi platform, which was agreed upon, but then Kye changed his mind. Kye should have already sold his own SWARMS and has issued new projects multiple times, such as YCAI and USAI」.

Songshu stated that as a community supporter, they participated in establishing the foundation holding Swarms and invested in some AI ecosystem projects, also participating in investing in the ssi platform ecosystem project.

Previously reported, Swarms accused foundation DAO member 「SongShu Swarms」 (@imsongshu) of deceiving investors and attempting to manipulate the Swarms market.

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know

Why is PAXG different from gold? Learn the 5 key reasons PAXG and XAUT prices can trade above or below spot gold, including liquidity, funding rates, futures basis, and weekend trading effects.

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities

Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Overview of Important Market Events on June 23

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin

Strategy CEO responds for the first time to the controversy over the sale of 32 bitcoins: testing internal processes and breaking the "death spiral" rhetoric, maintaining long-term holding faith, and revealing how the 60 trillion AI intelligence will reshape the bitcoin trading landscape.

TRON revitalizes the image of the bull, creating a more approachable brand character

From Logo to BoNiu, TRON further enhances its brand visual assets.

Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?

Whether this mechanism is a "stabilizer" or an "accelerator" lies in the upcoming prices and interest rates.

The foundation retreats, Ethlabs steps forward: Ethereum welcomes its largest restructuring in history

The Ethereum Foundation is repositioning itself as a lighter protocol governance and maintainer, rather than a primary core builder.

NYSE Parent ICE and OKX Launch Joint Venture: What It Means for Tokenized Stocks

ICE and OKX have announced a joint venture focused on tokenized stocks, but stock futures are already live across crypto markets. Here's what the partnership means, how stock futures work, and why traders are paying attention.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24