ChainCatcher reports that, according to Hyperinsight monitoring, the crypto market experienced a rapid decline this afternoon at 16:00, with Ethereum dropping over 2% in a short period. During this time, some long positions on Magic Ethereum were partially liquidated again. As of press time, the 25x ETH long position has been reduced to only 1,360 ETH, with the liquidation price dropping to $1,929.

Magic Eden announces it will shut down Ethereum EVM and Bitcoin trading services on March 9, and will focus on the Solana ecosystem and crypto gambling Dicey in the future. This move marks a strategic restructuring, aiming to transform in response to market changes and concentrate on growth potential.

Magic Eden will shut down its Bitcoin and EVM markets and cease support for multi-chain wallets. The related services are expected to close in early March, and cross-chain wallet services will stop in early April, but support for NFTs and assets on Solana will continue.

Odaily Planet Daily reports that according to Onchain Lens monitoring, as the market declines, Big Brother Magic (0x020...5872)'s 25x leveraged ETH long position is once again facing partial liquidation. Currently, its loss has reached $27.56 million, with only a 4% price drop remaining before the next liquidation.

Gate News Bot Message, February 12 — According to CoinMarketCap data, as of press time, ME (Magic Eden) is trading at $0.16, up 19.72% in the past 24 hours, reaching a high of $0.17 and a low of $0.12. The 24-hour trading volume is $31.2 million. The current market capitalization is approximately $74.3 million, an increase of $12.2 million from yesterday. ME represents the most powerful cross-chain trading, minting, and wallet protocol suite, adopted by Magic Eden as its official token, representing the largest on-chain user community. The ME community has the most influential protocols supporting end-to-end user journeys for NFTs and tokens, deployed across 8 blockchains including Solana, Bitcoin, and Ethereum, with over 3.5 million wallet users, $7 billion in transaction volume, and 7,000

Magic Eden CEO and Co-Founder Jack Lu recently stated on the X platform that as prediction markets, sports betting, and online entertainment rapidly expand, a "super cycle of deep integration of finance and entertainment for speculation" is forming. Magic Eden has already completed its strategic layout in advance to prepare for this structural opportunity. Jack Lu pointed out that speculative behavior is becoming mainstream. Prediction markets frequently appear on mainstream media outlets, and gambling has become the second fastest-growing industry in the United States, second only to artificial intelligence. Sports betting sponsorships are deeply integrated into major event broadcasts, and the boundaries between hyper-casual games and real-money betting are gradually disappearing.

Foresight News Report: Magic Eden announces that starting from February 1, it will directly invest 15% of its revenue into the ME token ecosystem. This revenue will be distributed evenly, with 50% used to buy back ME tokens on the open market, and 50% distributed to ME stakers in USDC proportional to their staking weight.

PANews January 19th News, according to official sources, Magic Eden announced that starting from February 1st, the platform will inject 15% of all revenue directly into the ME token ecosystem to establish long-term value sharing between the platform and the ecosystem. This portion of revenue will be distributed evenly: 50% will be used for open market repurchases of ME tokens, and 50% will be distributed to $ME stakers in USDC based on staking weight. This move will replace the previous buyback mechanism limited to market revenue. USDC rewards can be claimed monthly, with the first claim opening in March. Rewards must be claimed within 90 days; overdue claims will expire.

Gate News Bot Message, January 19th, according to CoinMarketCap data, as of press time, ME (Magic Eden) is currently priced at $0.27, up 13.79% in the past 24 hours, with a high of $0.33 and a low of $0.20. The 24-hour trading volume reached $289 million. The current market capitalization is approximately $115 million, an increase of nearly $13.9 million compared to yesterday. $ME represents the most powerful cross-chain trading, minting, and wallet protocol suite. As the official token of Magic Eden, $ME will represent the largest on-chain user community. Users can claim and stake $ME to unlock rewards for trading all assets across all chains. The $ME community has the most influential protocol providing end-to-end user experience for NFT and token trading. Currently, $