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X-Agent AI MCP Hackathon starts on September 2nd

X-Agent announced that the X-Agent AI MCP Hackathon 2026 will officially launch on September 2, calling for global developers and teams to submit practical, verifiable Agent and MCP applications. This event is an online global competition supported by OlaXBT.The hackathon features two tracks: the Open Innovation Track encourages participants to develop any practical API-driven Agent or MCP capabilities around AI, crypto assets, data, automation, and Agent infrastructure; the OlaXBT × X-Agent Trading Challenge allows participating teams to access the OlaXBT Nexus MCP, supporting their use of strategy development, backtesting, performance analysis, and market data capabilities to validate trading strategies and build related Agent or MCP applications.The total rewards for this event include USDT and X-Points. The first-place team in each track will receive a reward of 500 USDT; the top five teams in each track will collectively earn X-Points. X-Points can be used to participate in the X-Agent airdrop token $XAGT exchange. Award-winning and selected projects will also have the opportunity to receive support for MCP standardization, ecological exposure, market integration, and paid call commercialization. The registration and development period for the event is from September 2 to September 19, with technical reviews and evaluations taking place from September 20 to October 1, and the winners' list is expected to be announced between October 2 and 4. Participating projects must be submitted through the official GitHub repository.

hot_img Yushu Technology starts subscription, Meituan and Sequoia may become the biggest external winners, DJI misses out on approximately 3.7 billion yuan in floating profits

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.
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