The DePIN Explorer - DePIN Scan

SEC Settlement with Nova Labs Over Helium Network Dispute The US Securities and Exchange Commission (SEC) recently settled a lawsuit with Nova Labs, the developer of the decentralized wireless network Helium. The agreement involved the dismissal of allegations regarding the issuance of unregistered securities and a $200,000 civil penalty. The lawsuit, filed in January 2025 during former Chair Gary Gensler's tenure, marked one of the SEC's final enforcement actions against a cryptocurrency developer before his departure. The settlement, which includes a dismissal with prejudice, signifies that Nova Labs cannot face similar charges related to the issuance of its native token Helium (HNT) in 2019. The company clarified in an April 10 blog post that the distribution of HNT, IOT, and MOBILE tokens through the Helium Network is not considered securities, as confirmed by the outcome of the settlement. Nova Labs also agreed to pay the SEC $200,000 to settle civil securities fraud charges without admitting or denying wrongdoing. This development highlights the evolving regulatory landscape in the crypto industry and the implications for blockchain developers and token issuers.

AI Unbundled: Advancing AI Innovation in Web3 Aethir, a pioneer in decentralized cloud infrastructure for AI and gaming, has launched 'AI Unbundled,' a new industry alliance aimed at advancing artificial intelligence innovation within the web3 ecosystem. The initiative aims to streamline access to critical infrastructure for AI development, providing AI startups with funding, access to decentralized resources, and opportunities for collaboration through co-branded events. Through AI Unbundled, AI builders can tap into high-performance, cost-efficient infrastructure crucial for training and deploying advanced models. The alliance, led by Aethir, brings together key decentralized infrastructure providers, blockchain networks, and investment firms such as 0G Labs, Biconomy, Polyhedra, Oasis Protocol Foundation, and more. AI startups can benefit from joint grant funding, subsidized access to decentralized GPU infrastructure, and access to tools like ERC-7857 for securing AI agents. The program also includes industry events, workshops, hackathons, and shared resource hubs for ecosystem introductions and technical mentorship.

Artificial intelligence (AI) is making significant inroads into various industries, but according to Mitch Liu, CEO of Theta Labs, the sports fandom sector represents a particularly promising frontier. Unlike other fields where AI primarily automates tasks, sports offer a unique opportunity for AI to enhance the fan experience. With structured data such as statistics, schedules, and performance metrics, AI can analyze and present information in ways that resonate with fans. The cyclical nature of sports seasons allows for continuous data collection and feature testing, making it an ideal environment for AI integration. Recent studies indicate that AI is already transforming the sports landscape through improved analytics and personalized fan interactions. For instance, the NFL's Digital Athlete program utilizes machine learning to assess player data and predict injury risks, which not only safeguards athletes but also enriches fans' understanding of the game. Additionally, NHL teams like the Vegas Golden Knights and New Jersey Devils have partnered with Theta Labs to create AI-powered chatbots that assist fans with inquiries about games, tickets, and team news. These innovations are enhancing the fan experience by providing timely, accurate information through interactive platforms. The potential for AI in sports extends beyond traditional leagues to esports, where digitally native environments offer even greater opportunities for engagement. AI can facilitate hyper-personalized experiences, catering to both casual and dedicated fans by providing tailored insights based on real-time game data. However, sports organizations must implement these technologies thoughtfully, ensuring they augment rather than replace the core emotional elements of fandom. As AI continues to evolve, the sports industry stands at the cusp of a transformative era, with the potential to redefine how fans interact with their favorite teams and enhance the overall experience of sports consumption.

Helium (HNT) has recently shown signs of a potential bullish trend, despite experiencing a retracement of nearly 24% from its local high of $4.5. On April 12, HNT broke through a significant resistance level at $3.4, suggesting an end to the downtrend that had persisted since the end of January. This bullish structure indicates that Helium bulls are attempting to establish an upward trajectory, although the market remains sensitive to broader cryptocurrency movements, particularly those of Bitcoin (BTC). Currently, HNT is facing crucial support levels at $3 and $2.25, which could come into play due to two primary factors. First, the volatility surrounding Bitcoin poses a risk; if BTC falls below $83k, it could trigger widespread selling across the market, negatively impacting HNT. Secondly, the buying pressure for HNT has not been overwhelming, as indicated by the On-Balance Volume (OBV), which has struggled to surpass its February highs. A sustained uptrend in the OBV could signal a stronger rally for Helium in the near future. On the 4-hour chart, the Relative Strength Index (RSI) indicates a slowdown in momentum over the past week, with the price action revealing resistance at the bearish breaker block around $3.7. As of now, HNT is trading near the 50% retracement level, with the potential to bounce back above $3.7, contingent on increased buying pressure. However, if Bitcoin drops below $83k, the short-term outlook for Helium could turn bearish, prompting traders to consider selling opportunities targeting a retracement to the $2.75-$3 range.