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The NFT market Magic Eden announced that its native wallet will enter export-only mode on April 1 and will completely cease operations on May 1. Users must export their private keys or mnemonic phrases before this date, or they will not be able to recover their assets. The wallet has been removed from major app stores, and new wallets cannot be downloaded or restored.Magic Eden had previously closed its Ethereum and Bitcoin markets, shifting its business focus to entertainment and the Dicey app. The ME token will still serve as the core of ecological incentives, with stakers able to earn USDC rewards, and the project team has established a ME buyback plan.

Musk stated on the X platform that the core of AI development lies in video understanding and generation, and claimed that "photons are the highest bandwidth form of communication," with related technologies becoming important tools for achieving general artificial intelligence. He also pointed out that xAI's image generation tool Grok Imagine has achieved positive gross profit and is not a loss-making project.This statement comes in the context of OpenAI's recent shutdown of the video platform Sora. Public reports indicate that since its launch, Sora has generated approximately $2.1 million in revenue, with an average daily operating loss of about $1 million. Musk did not disclose specific revenue figures for Grok Imagine but previously stated that he would continue to increase investment, believing it has significant strategic value.

Elon Musk responded to the community on the X platform, stating that Grok Imagine will have a major update next week.It is reported that Grok Imagine is a video generation tool built by xAI around the Grok chatbot.

The multi-chain trading platform Magic Eden announced that it will increase the core revenue ratio used for ME token buybacks and staker dividends from the previous 15% to 30% in the third quarter.

The Solana ecosystem NFT market MagicEden will gradually cease support for the Ethereum Virtual Machine and the Bitcoin Runes and Ordinals markets. CEO and co-founder Jack Lu stated that the relevant markets will stop operating on March 9, the Bitcoin API will be shut down on March 27, and the cryptocurrency wallet service will end on April 1.Jack Lu mentioned that the company will terminate the NFT buyback program and redirect resources to its prediction market Dicey. He stated that most of the platform's costs are concentrated on products that contribute little revenue, and in the future, they will retain the more profitable NFTPack product and focus on the development of the crypto entertainment business.

According to sources cited by Blockspace, Magic Eden will shut down its Bitcoin and EVM markets and stop supporting its multi-chain wallet.Sources say that Magic Eden is expected to announce a gradual exit from the related business as early as Friday, and will close its Bitcoin and EVM markets in the first week of March.Shortly thereafter, Magic Eden also plans to stop its cross-chain wallet service, which will enter an asset export-only mode in mid-March and completely cease operations in early April. Sources also clarified that Magic Eden will continue to support NFTs and assets on Solana.

Elon Musk announced that Grok Imagine version 1 is now fully released. Grok Imagine 1 is the latest achievement in AI audio and video generation from xAI, capable of generating 10-second videos at 720p resolution and significantly improving audio quality. During the 30-day trial period, users have generated over 1.245 billion videos using it.

According to official news, Magic Eden announced that starting from February 1, it will directly invest 15% of its revenue into the ME token ecosystem. This portion of revenue will be evenly distributed, with 50% used to buy back ME tokens on the open market and 50% distributed to ME stakers in the form of USDC based on staking weight.The original "market transaction fee only" ME buyback mechanism will be upgraded to a revenue distribution system covering the entire ecosystem. Staking weight depends on the amount staked and the duration of staking. USDC rewards can be claimed monthly, with the first claim (corresponding to the February activity) opening in March. Rewards must be claimed within 90 days.

According to Binance spot data, the market has experienced significant fluctuations. AUDIO has dropped 7.7% in 24 hours, CTSI has fallen 8.96%, POWR has decreased by 7.24%, STEEM has declined by 7.11%, MAGIC has dropped 9.92%, SPK has decreased by 10.51%, and a "pullback" situation has occurred.At the same time, FXS has slightly increased by 3.2% within 5 minutes.

The founder of Blueport Interactive, Wang Feng, expressed his views on the new high of gold and the future trend of Bitcoin yesterday, stating: "The gold price has broken through $4,400 per ounce. There's no need to sigh over missed opportunities; humanity's return to the golden age is essentially a search for a scarce universal consensus. Compared to the Cold War between major powers and regional conflicts, the wave of artificial intelligence (including robotics) technology is pushing any sovereign currency towards decline. Regardless of any monetary policy, during this new round of explosive productivity, currencies including the US dollar will inevitably face severe devaluation. The price of Bitcoin, surpassing imagination, is bound to come. Don't rush; let the bullets fly for a while."

The multi-chain trading platform Magic Eden tweeted that it has launched the Ordinals buyback program, where 15% of the platform's fees will be used to purchase Ordinals and store them in a permanent collection series, and the buyback will be conducted automatically.

Elon Musk tweeted that Grok Imagine has supported the text-to-video feature. The upgraded audio and 10-second video generation capabilities are expected to be released this weekend.

According to on-chain analyst Yu Jin's monitoring, Ma Ji went long again from last night to early this morning: he deposited 1 million USDC and then went long on 13.35 million dollars worth of ETH and 830,000 dollars worth of HYPE. The opening price for ETH was 2,883 dollars, and the liquidation price is at 2,716 dollars. Currently, his long position has an unrealized profit of 280,000 dollars.

According to Binance spot market data, the market has experienced significant fluctuations. TNSR has risen by 146.56% in the last 24 hours and is in a rebound state after hitting a low.At the same time, MAGIC has shown a "high and then low" state, with a 24-hour decline of 6.59%. Among other tokens, POLYX has reached a new low for the week, with a decline of 14.29%; XPL, GLMR, TIA, VELODROME, MINA, and CVX have all hit new lows today, with declines of 16.12%, 6.32%, 5.75%, 6.15%, 9.34%, and 7.4% respectively.

The encrypted entertainment platform Magic Eden today announced the launch of its first buyback program, a strategic initiative aimed at strengthening coordination between the company, the community, and the ecosystem.Magic Eden will commit 15% of its NFT marketplace revenue to buy back its native token $ME, and another 15% to purchase NFTs from collections listed on the platform as part of the initial ecosystem support program. All repurchased NFTs will be permanently stored in the on-chain public asset repository "Garden of Eden."Token buybacks will commence immediately, with the NFT buyback program starting with the Solana ecosystem and gradually expanding to Bitcoin, Ethereum, Monad, and other public chain ecosystems within 2025.Jack Lu, co-founder and CEO of Magic Eden, stated, "By allocating a portion of the revenue generated by the platform to token and NFT purchases, we are creating direct incentives for our creators, collectors, and the broader ME community who support us in the long term."

ChainCatcher news, according to The Miner Mag, Bitmain has filed a motion in a U.S. bankruptcy court to reclaim thousands of Bitcoin mining machines hosted by Orb Energy, accusing the Texas-based company of misappropriating digital assets, obstructing access, and damaging equipment worth millions of dollars.In an emergency motion submitted on August 27, Bitmain stated that under the hosting sales agreement, the 2,700 Antminer servers located at Orb Energy's Van Vleck facility still belong to Bitmain and should not be included in Orb's bankruptcy assets.