About
ME
Ended--
Last price (USDT)
2.41M
24h total (USDT)
3.06M
Total vol (USDT)
2024-11-22 12:00:00 ~ 2024-12-10 13:30:00
Trading time (UTC+0)
2024-12-10 15:00:00 ~ 2024-12-10 19:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
$ME is committed to supporting the MagicEden-led cross-chain ecosystem super dapp strategy, mainly focusing on acquiring more users from different public blockchain or other infrastructure, and allowing users to realize one-stop seamless trading of multi-chain assets.
Magic Eden's new buyback policy may only allow for about $20,000 worth of ME tokens to be repurchased monthly
BlockBeats News, January 19, according to nftpulse data, Magic Eden's trading volume in the past 30 days was $12.8 million, accounting for 9.1% of the NFT trading market share. The platform's 30-day revenue was only $267,000, with Solana chain trading revenue accounting for 74% and Bitcoin network trading revenue accounting for 25%. According to CoinGecko data, the current price of Magic Eden's platform token is $0.253, with a token market cap of $108 million, FDV reaching $253 million, and a 24-hour trading volume of $110 million. If the NFT market trading activity remains at its current level, and based on Magic Eden's "15% revenue invested into the ME ecosystem" strategy that will go live on February 1, this policy would only allow for about $20,000 per month to be spent on ME buybacks. As previously reported by BlockBeats, Magic Eden announced that starting February 1, 15% of its revenue will be directly invested into the ME token ecosystem. This portion of the revenue will be evenly split, with 50% used to buy back ME tokens on the open market and 50% distributed to ME stakers in USDC according to staking weight.
Magic Eden: Starting from February 1, 15% of all revenue will be directly injected into the ME token ecosystem
PANews, January 19 — According to official sources, Magic Eden announced that starting from February 1, the platform will inject 15% of all its 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 evenly allocated: 50% will be used to buy back ME tokens on the open market, and 50% will be distributed to $ME stakers in USDC according to staking weight. This move will replace the previous buyback mechanism, which was limited to market revenue only. USDC rewards can be claimed monthly, with the first claim available in March. Rewards must be claimed within 90 days, otherwise they will expire.
India Targets Crypto-Linked Scam After $1.3M Asset Seizure
India froze $1.3 million in property and cryptocurrency assets under PMLA rules. The fraud operation combined fake land sales with cryptocurrency return promises. Authorities traced $3.2 million in crime proceeds across cash, property, and tokens. India’s financial crime watchdog has frozen assets worth about $1.3 million, including cryptocurrency, as part of a wider $3.2 million investment fraud probe involving land and digital tokens. The Enforcement Directorate, operating through its Chandigarh Zonal Office, confirmed the action on January 13, 2026, under the Prevention of Money Laundering Act. Officials said the move followed an investigation into a scheme that combined fraudulent land sales with promises of high cryptocurrency returns, affecting roughly 20 investors. 🇮🇳India Freezes $1.3M in Crypto-Linked Fraud Case India’s Enforcement Directorate (ED) has frozen assets worth about $1.3 million, including cryptocurrencies, in a $3.2 million investment fraud case, according to @UEEx_official. Authorities said the assets—seized under the… pic.twitter.com/K2MWuR5J2a — ME Group (@MetaEraHK) January 15, 2026 Enforcement Directorate Moves to Secure Assets The Enforcement Directorate said it provisionally attached movable and immovable properties valued at Rs. 10.86 crore under the Prevention of Money Laundering Act, 2002. According to the agency, the attached assets include residential flats and land worth about Rs. 6.06 crore, alongside cryptocurrency holdings valued at roughly Rs. 4.79 crore. In an official statement, the agency said, “The Directorate of Enforcement (ED), Chandigarh Zonal Office has provisionally attached movable and immovable properties worth Rs. 10.86 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in a land fraud case.” Investigators disclosed that the seized digital assets mainly consisted of Ramifi tokens stored across multiple crypto wallets linked to the accused. The agency added, “The investigation leads to attachment of Flat & land worth Rs. 6.06 Crore and cryptocurrencies lying in the crypto wallets in the shape of Ramifi Tokens worth Rs. 4.79 Crore.” Details of the Alleged Fraud Scheme The case originated from a First Information Report filed by the Haryana Police against Sandeep Yadav and his associates. Authorities allege the group sold land plots fraudulently while simultaneously luring victims with claims of guaranteed cryptocurrency profits. Investigators said victims transferred funds after assurances of unusually high returns from combined property and digital token investments. During the probe, officials estimated that about 20 individuals suffered financial losses through the scheme. The Enforcement Directorate stated, “During a detailed financial investigation, it was found that Sandeep Yadav and his associates allegedly cheated around 20 people… by luring investors with promises of unusually high returns through cryptocurrency investments.” Officials assessed the total proceeds of crime at Rs. 26.54 crore, equivalent to about $3.2 million. Authorities stated that the accused routed funds through third-party bank accounts, withdrew large amounts in cash, and later used the money to acquire property and crypto assets. Related: India Tightens Crypto KYC As Nigeria Links Trades To Tax IDs Ongoing Investigation and Wider Context The Enforcement Directorate stated that the individuals concerned are habitual criminals and reiterated that the probe is still active. The agency’s intention behind attaching assets is to secure them from being moved or sold off while the court proceedings are under the PMLA law. The authorities clarified that provisional attachment is a means of preserving the value of the alleged proceeds of crime until an adjudicating body goes through the case. This measure is part of the larger initiative by the Indian government to combat financial crimes connected with cryptocurrency in conjunction with traditional fraud cases. In the past few months, the law enforcement agencies have been freezing not only bank accounts but also crypto wallets in similar investigations connected with digital assets. These matters frequently involve the use of cryptocurrency along with conventional asset fraud to hide money trails, thus attracting more attention from investigators.
Ukraine officially limits Polymarket access
Ukraine has officially limited access to Polymarket, citing the platform’s lack of a required license for activities classified as gambling. The decision to block was made by the National Commission for State Regulation of Electronic Communications (NCEC) based on Resolution No. 695. The ban on Polymarket in Ukraine followed a two-step regulatory process. On November 27, PlayCity, a state agency responsible for overseeing and regulating the gambling and betting sector, including online platforms, issued a decision. PlayCity’s role is to find out if operators are following Ukrainian laws, licensing restrictions, and policies that safeguard consumers. PlayCity marked Polymarket as non-compliant based on what it found. After that, this assessment went up to the National Commission for the Development of the Economy. The commission made a formal decision on December 10 that put the limitation into effect across the country. The polymarket.com domain enters the public registry of blocked resources In 2025, Polymarket found itself at the center of criticism in Ukrainian media for accepting bets on events related to the Russian-Ukrainian war, in particular on the timing of the possible occupation of cities in Donbas. For instance, in November 2025, there were 97 bets on the Russian-Ukrainian war on Polymarket, totaling $96.8 million. At the same time, it became known that Polymarket used the API of the Ukrainian OSINT project DeepState without permission to integrate with bets on the occupation of Ukrainian territory. The following month, the Institute for the Study of War (ISW) found itself at the center of a scandal over a change to its map of the war in Ukraine, which became the basis for betting on the Polymarket platform. “At the same time, foreign game enthusiasts are more outraged by data manipulation by map sources, which affects the results of such markets. They accuse ISW of allegedly deliberately introducing a fictitious Russian promotion on the map an hour before the market resolution and are asking for a change in map sources,” noted Ukrainian volunteer, blogger and activist Serhiy Sternenko. Ukraine bets on Polymarkets. Source: Polymarket In December ,the platform completed about 240 Ukraine-related bets, with a total volume of over $270 million. Another 120 active bets exceed $140 million. This month, the platform shows 77 bets just by clicking on Ukraine. The law has authorised providers of electronic communications services to restrict access to online resources used to organize, conduct, or provide access to gambling without a proper license. The polymarket.com domain has already been added to the public registry of blocked resources. However, according to reports, the blocking is uneven: for some Ukrainian users, the site is no longer available, while for others it is still open without restrictions. Polymarket faces growing regulatory scrutiny Polymarket, alongside Kalshi and Crypto.com, were ordered by Tennessee regulators to stop providing citizens with contracts for sporting events due to alleged violations of state gambling regulations today. According to Cryptopolitan, the platforms received letters dated January 9 from the Tennessee Sports Wagering Council. The letters demanded that the companies, which operate under federal CFTC supervision, must cease operations in Tennessee, nullify open contracts, and return user deposits by January 31st. The Tennessee letters demanded that failure to comply may result in criminal referrals for aggravated gambling promotion, a felony under state law, as well as civil penalties of up to $25,000 per infraction. In November, Romania added Polymarket to its blacklist of prohibited gambling sites. The regulator says Polymarket processed more than $600 million in bets on Romania’s presidential and local elections. Romanian officials say Polymarket operates as an unlicensed gambling service. The platform allows users to bet against each other on future events, which falls under the country’s gambling laws. France, Belgium, Poland, Singapore, and Thailand have also limited access to the site. Each country cited similar concerns about unlicensed gambling operations. The platform continues to operate in countries where it faces no restrictions and the US, where it recently got a green light. Don’t just read crypto news. Understand it. Subscribe to our newsletter.
Magic Eden launches Season 4, which will run until January 31.
Foresight News reported that the multi-chain trading platform Magic Eden announced on Twitter that its fourth season has begun and will run until January 31.
Polymarket Points Finger to Third-Party Provider in Multiple Account Hack
Decentralized prediction marketplace Polymarket accused a third-party authentication provider of being responsible for a recent breach on its platform. This comes after users who were affected by the said hack took to X and Reddit to report their losses. Polymarket Users Exposed to Vulnerability by Magic Eden Polymarket did not attempt to deny that some of its users were affected by a security breach on its platform. Instead, it pointed to a third-party authentication provider, blaming it for the exploit that resulted in asset losses for several users. One of these users reported the breach on Reddit, stating that there have been three attempts to log into their Polymarket account. This user clarified that his device has not been compromised, nor did Google find anything suspicious. “All other services are fine,” the user wrote on Reddit. When he later gained access to his Polymarket account, he realized that all his “deals were closed, and the balance is $0.01.” His ordeal was confirmed in the comment section by another user, who claimed to have had the same experience. He also received notification of three login attempts before funds were drained from their Polymarket account. This user mentioned that he has two-factor authentication enabled on their email and did not click any links. One thing that is common among the affected Polymarket users is that they signed up for the decentralized prediction market platform via Magic Eden. Many crypto newbies prefer this route because it lets them sign in via email addresses and creates non-custodial Ethereum wallets. So these first-time crypto users do not necessarily need a separate digital asset wallet. Polymarket Expands with More Deals The incident comes at a time when Polymarket is gaining massive traction and expanding its operations. Back in October, it recorded $3 billion in volume and 338,000 unique traders. At the time, it was said that Polymarket is leading the sector with both high trading activity and a large, active user base. Not too long after this, the US Commodity Futures Trading Commission (CFTC) issued an Amended Order of Designation to the prediction market company. This permits the platform to run an intermediated exchange under the full regulatory regime for federally supervised venues. next Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites. Share:
Yuga Labs protects NFT royalties ahead of Magic Eden's Ethereum marketplace launch
In a move that may be more symbolic than consequential for now, top NFT studio Yuga Labs announced it will no longer support marketplaces that don't honor creators' royalties. The decision comes on the eve of Magic Eden launching its Ethereum marketplace on Tuesday. "Yuga and Magic Eden are taking a big step forward to bring us back to a creator led web3. In sync with the marketplace launch, tomorrow we will be sunsetting our support for marketplaces that don't support royalties for all creators," the company posted to X on Monday. "This means that our collections with a royalty filter will only be traded on marketplaces that respect creator royalties." The move comes more than a year after Blur managed to capture the majority of NFT trading volume. This success was largely predicated on that marketplace doling out generous incentives while also introducing a radically reduced royalty structure. OpenSea, the leading marketplace up until that point, later followed suit, lowering its royalty fees in the hopes of competing with Blur. The lower royalty structure coupled with declining trading volumes for NFTs caused Yuga Labs's revenues to decline significantly last year. Then in November, Magic Eden announced it had partnered with Yuga Labs in order to launch a marketplace for Ethereum NFTs that is contractually obligated to enforce creator royalties. Bored Apes and Mutant Apes absent While the Yuga Labs announcement may some day prove to be a seminal moment, for now, its decision may not have much of an impact in dollar terms. The company is not ending support for its two top collections by trading volume, Bored Ape Yacht Club and Mutant Ape Yacht Club. "The vast majority of royalty generating NFTs from Yuga Labs’ collection fall under the Bored Ape Yacht Club and Mutant Ape Yacht Club brand, which are not impacted by this change," said Steven Zheng, research analyst at The Block Research. "Thus, this update doesn’t move the needle much, in terms of royalty revenue, for Yuga Labs, but does incentivize the team to build out and provide value to its Otherside collections." Yuga Labs posted a list of the collections that, going forward, will only trade on marketplaces that protect the payment of royalties. The brands Yuga Labs intends to protect include several Otherside collections, which are tied to the company's metaverse platform currently under development, and some Moonbirds NFTs, a collection Yuga Labs recently acquired.
Magic Eden undergoes an epic transformation into entertainment!
Recently, Magic Eden's strategic transformation has once again become a market focus. Once dedicated to the NFT market, Magic Eden is now shifting its business focus from NFT trading to a broader, gamified crypto entertainment platform. This means the platform is not only seeking new opportunities in NFT trading, but is also striving to address regulatory challenges and the dilemma of low valuations. Analysis of the Causes The market environment is undergoing dramatic changes, with the NFT market significantly undervalued and the regulatory environment becoming increasingly stringent. In response to this situation, Magic Eden's transformation strategy is particularly important. - News-driven factors: The Packs feature launched by Magic Eden in October 2025 became the direct catalyst, generating approximately $15 million in revenue in its first week, demonstrating strong market demand. - Capital flow trends: Data shows that during this transformation period, token trading revenue accounted for more than 30% of total revenue, indicating positive user feedback towards the platform's new business model. - Sentiment amplification: The community's anticipation and recognition of Magic Eden's entertainment features have led to a continuous rise in FOMO sentiment, laying the foundation for attracting new users to the platform. In-depth Logic This fluctuation is not an isolated event; it is highly related to the current regulatory environment and market structure. In the face of increasing regulatory pressure, Magic Eden has adopted a geo-blocking strategy, prioritizing experimentation in markets such as South Korea. In this way, it seeks new user sources and supports the company's global expansion. At the same time, the high valuations in the NFT market in recent years have been accompanied by large-scale corrections. Magic Eden's transformation provides an effective solution to cope with the challenges of market adjustment. Bull and Bear Game Optimists believe that Magic Eden's transformation is an effective response to a sluggish market; gamified features not only enrich the product line but also add new sources of revenue for the platform. Meanwhile, pessimists worry that the uncertainty of regulatory policies may affect the platform's long-term development. In particular, whether the upcoming buyback plan can be as effective as expected is a concern for some investors. Outlook In the short term, the market needs to pay attention to the specific implementation of Magic Eden's buyback plan. The platform has committed to using 30% of market revenue for buybacks, with 15% to buy back ME tokens and 15% to buy back NFT collections. This initiative not only ties revenue to token value but also provides protection for community interests. This means that in a market full of uncertainties, there may be rare opportunities for strategic positioning. As Magic Eden deepens its layout in the entertainment sector, its future performance in the crypto market will be worth continuous attention from investors.
Moca Network launches the first MocaPortfolio rewards; MOCA stakers can use points to redeem ME tokens.
According to Odaily, the chain-agnostic decentralized identity network Moca Network has announced that Magic Eden token (ME) is the first token to be launched to users via MocaPortfolio. MocaPortfolio is a platform that provides the Moca Network community with opportunities to allocate tokens from Animoca Brands’ portfolio projects. MocaPortfolio has locked tokens worth $20 million from projects within the Animoca Brands ecosystem. The launch of the Magic Eden token marks the beginning of a series of token reward releases on MocaPortfolio, with more tokens from Animoca Brands ecosystem projects to be announced in the future. The details of the first MocaPortfolio release are as follows: Project: Magic Eden token Total allocation: 2,195,000 ME Eligibility: MOCA stakers can consume between 5,000 and 2,000,000 staking points to participate Registration window: December 18, 13:00 UTC - December 29, 01:00 UTC Allocation mechanism: Flexible mode — ME tokens will be distributed based on the proportion of staking energy consumed by each participant
MocaPortfolio Goes Live with Magic Eden ($ME) Token Drop
MocaPortfolio, a platform offering the Moca Network community disclosure to token allotments from ‘Animoca Brands’ portfolio projects, is now live streaming. The main purpose of Magic Eden Token ($ME) is to educate users about the ‘Animoca Brands’ ecosystem tokens. MocaPortfolio has allotted US$20 million worth of tokens from projects in Animoca Brands’ ecosystem. This is the first drop from the list of planned drops on MocaPortfolio, with further tokens from projects from within Animoca Brands’ ecosystem will come soon in the future. MOCA Stakers Get Access to $ME Token Drop via MocaPortfolio The inauguration ceremony of the MocaPortfolio drop will be followed according to the plan. This systematic plan includes: featured projects of Magic Eden ($ME) token with total allocation of 2,195,000 ME, and registration window starting from Dec 18, 13:00 UTC- Dec 29, 01:00 UTC. Moreover, the eligibility criteria allow MOCA stakers can burn between 5,000-20,000,000 Staking Power to participate. In addition, MocaPortfolio permits a flexible mechanism in which ME tokens will be divided on a proportional basis according to the amount of Staking Power burned by each participant. Moreover, MocaPortfolio also gave clear instructions for participants to take part in. MocaPortfolio Opens Magic Eden Token Drop to Existing and New MOCA Stakers Through this strategy, existing MOCA Stakers can review by visiting the above link to enter the Magic Eden token drop. There is a fast pathway option open for new participants: staking 57,870 MOCA tokens for only 24 hours will empower the participants with enough Staking power to join the Magic Eden token drop. In this scenario, Kenneth Shek, Project Lead of Moca Network, expressed his views. He said, “MocaPortfolio is curated with tokens in Animoca Brands’ portfolio to help portfolio projects grow token distribution, and to enable token holders to accumulate a collection of tokens and grow along with their chosen projects. Holding MOCA gives the holders the ability to build up their own portfolios along the principles that Animoca Brands uses for its own ecosystem of token investments.”
Magic Eden’s Bold Evolution: Transforming into a Premier Crypto Entertainment Platform
Is your favorite NFT marketplace about to become your go-to destination for digital fun? According to a new report from Tiger Research, Magic Eden is undergoing a significant transformation. It’s shifting from a straightforward marketplace into a full-fledged crypto entertainment platform, aiming to captivate a mainstream audience. This strategic pivot could redefine how we interact with Web3. What is a Crypto Entertainment Platform, and Why Does It Matter? You might wonder what separates a simple marketplace from a crypto entertainment platform. The key difference lies in engagement. A marketplace facilitates transactions, while an entertainment platform creates an experience. Magic Eden’s move signals a broader trend in Web3: the need to build engaging, sticky environments that offer more than just buying and selling. This approach is crucial for attracting the next wave of users who seek value beyond financial speculation. How is Magic Eden Building Its Entertainment Foundation? Tiger Research’s analysis highlights a clear, two-phase strategy. First, Magic Eden focused on robust infrastructure. The platform built multi-chain wallets and reliable asset exchange tools, ensuring smooth financial operations. Think of this as building the stage and the payment systems for the main show. Next, the platform introduced gamified layers to boost user interaction. Key features include: Lucky Buy & Packs: These elements add surprise and delight, similar to opening a digital trading card pack or participating in a raffle. Token Buyback Program: Committing 30% of revenue to buy back its token demonstrates a long-term commitment to its ecosystem’s value. These steps transform routine actions into engaging activities, a core principle for any successful crypto entertainment platform. What’s Next for This Evolving Platform? Magic Eden isn’t stopping at games and rewards. The report indicates the platform is leveraging its agility to expand into high-value verticals. Two major areas of focus are: Prediction Markets: This allows users to speculate on future events, adding a layer of interactive forecasting to the platform. Mobile Wallet Integration: By simplifying access on smartphones, Magic Eden aims to become a primary gateway for everyday users entering the Web3 space. This expansion is about creating a one-stop hub. The goal is to be the place where you check NFT prices, play a quick prediction game, and manage your assets—all within a single, entertaining ecosystem. What Are the Challenges and Opportunities Ahead? This ambitious evolution is not without its hurdles. Regulatory landscapes for prediction markets remain uncertain in many regions. Furthermore, captivating a mass audience requires impeccable user experience, something many Web3 projects still struggle with. However, the opportunity is immense. By blending finance with fun, Magic Eden could successfully onboard millions who find traditional crypto interfaces intimidating. If it executes well, this crypto entertainment platform model could set a new standard for the entire industry. Conclusion: A New Chapter for Web3 Engagement Magic Eden’s journey from marketplace to entertainment hub is a fascinating case study in Web3 maturation. It reflects a growing understanding that sustainable growth requires more than financial utility—it demands engagement, enjoyment, and ease of use. By building on solid infrastructure and layering in gamification and new product lines, Magic Eden is positioning itself at the forefront of the next wave of crypto adoption. The success of this crypto entertainment platform vision could very well chart the course for the future of consumer-facing blockchain applications. Frequently Asked Questions (FAQs) What is Magic Eden originally known for? Magic Eden is primarily known as a leading multi-chain NFT marketplace, serving as a hub for buying, selling, and discovering digital collectibles. What does ‘crypto entertainment platform’ mean? A crypto entertainment platform integrates blockchain-based financial tools with engaging, gamified experiences. It goes beyond transactions to offer activities like games, predictions, and interactive rewards, all within a Web3 environment. What is the ‘Lucky Buy’ feature? Lucky Buy is a gamified feature on Magic Eden that adds an element of chance to purchases, often offering users the opportunity to acquire NFTs at a discount or with special bonuses through a lottery-style mechanism. How does the token buyback program work? Magic Eden allocates 30% of its platform revenue to periodically buy back its native token from the open market. This can help support the token’s value and reward long-term ecosystem participants. Why is mobile wallet integration important for this evolution? Mobile integration is crucial for reaching a mass audience. It lowers the barrier to entry by allowing users to interact with the platform’s entertainment and financial features directly from their smartphones, making Web3 more accessible. What are the potential risks of this expansion? Key risks include navigating unclear regulations for new features like prediction markets and the ongoing challenge of creating a user experience simple and secure enough for mainstream, non-technical users. Join the Conversation Do you think blending entertainment with finance is the key to mainstream crypto adoption? Share your thoughts on Magic Eden’s ambitious transformation and tag a friend who’s curious about the future of Web3! Let’s discuss the evolution of the digital landscape together.
Magic Eden: The sixth round of airdrops has been completed, and Season 3 has ended
Foresight News reported that the multi-chain trading platform Magic Eden announced via Twitter that its sixth round of airdrops has been completed, and the third season has ended. The fourth season will be launched soon.
Magic Eden to expand $ME buybacks in 2026 using revenue from Swaps, Lucky Buy, and Packs
Key Takeaways Magic Eden will broaden its $ME token buyback program in 2026. Revenues from Swaps, Lucky Buy, and Packs will fund buybacks of $ME tokens and NFTs. Share this article Magic Eden, an NFT marketplace platform, will expand its $ME token buyback program in 2026 to include revenue from three key products: Swaps, Lucky Buy, and Packs. The expansion will direct revenue from these entertainment-focused features toward on-chain buybacks of $ME tokens and NFTs. Swaps enables users to exchange digital assets within the Magic Eden ecosystem, while Lucky Buy offers a gamified purchasing mechanism where users acquire NFTs through randomized processes. Packs provides a pack-ripping experience that allows users to open virtual packs for NFTs and other digital items, emphasizing gaming elements in crypto trading. The initiative aims to strengthen the $ME token economy by aligning community incentives with product revenues. Magic Eden positions the expansion as part of its strategy to build a fun-oriented crypto ecosystem that integrates trading, gaming, and entertainment features to enhance user engagement and foster long-term growth in crypto culture.
Lite Strategy Reports First Quarter Fiscal Year 2026 Results, Highlights Successful Launch of $100 Million Litecoin Treasury Strategy and Movement In
November 17, 2025 – San Diego, United States LITS is the first and only US publicly traded company to gain institutional exposure to LTC, holding 929,548 LTC tokens. Lite Strategy, Inc. (NASDAQ: LITS) (‘Lite Strategy’ or ‘LITS’) today reported results for its first quarter ended September 30, 2025, and highlighted recent corporate events related to the company’s digital asset treasury strategy as well as its pharmaceutical operations. Charlie Lee, board member for LITS, said, “Our first quarter was incredibly successful for LITS. “We launched our digital treasury strategy, positioning ourselves as the leading public holder of LTC, and updated our corporate profile to reinforce our new focus. “We recently celebrated Litecoin’s 14th anniversary and its unblemished track record of reliability and uptime. “LITS provides investors the only US publicly traded company to gain institutional exposure to Litecoin, both for portfolio diversification and long-term value.” Jay File, CEO and CFO of LITS, said, “Fiscal year 2026 will showcase the results of the transformative steps taken by Lite Strategy. “Since the start of our strategic alternatives process in fiscal year 2025, we have prioritized maximizing the value of our assets for stockholders. “Starting with the successful sale of our clinical asset, ME-344 (now known as WE-868), currently being developed for adults with obesity at Aardvark Therapeutics , and continuing through the close of our $100 million PIPE offering in July 2025 that kicked off our Litecoin digital asset treasury strategy in the first quarter of this fiscal year.” First quarter fiscal year 2026 and recent highlights Raised $100 million in aggregate gross proceeds, commencing the company’s long-term strategic plan with Litecoin as a digital asset treasury reserve asset. Officially became the first US-listed public company to adopt Litecoin as a primary reserve asset with the acquisition of 929,548 Litecoin (LTC) tokens, implementing a new strategy built on a digital asset infrastructure and long-term capital innovation. Entered into a strategic partnership with GSR, a leading crypto investment firm, to guide LITS’ digital asset treasury strategy, ensuring robust governance, execution and market expertise. Brought on world-class board members, Charlie Lee, creator of Litecoin, and Joshua Riezman, US chief strategy officer at GSR. Rebranded from MEI Pharma to Lite Strategy, including changing the company’s corporate name and NASDAQ stock market ticker from MEIP to LITS, and unveiling a new corporate logo and website. The rebranding underscores the company’s commitment to building a long-term corporate strategy around LTC as its primary reserve asset. In October, announced a $25 million share repurchase program, advancing LITS from the initial phase of Litecoin accumulation to active capital market operations and allowing LITS to leverage our nearly one million LTC treasury – a key differential from passive investment structures like exchange-traded funds. Jay File added, “As we progress further into fiscal year 2026, we continue to evaluate our clinical assets including the commencement of pre-clinical studies with voruciclib in non-oncology disease indications for potential licensing to third parties and pursuing licensing or sale opportunities with zandelisib. “We will consider opportunities to deploy our recently announced $25 million stock buyback program until our discount to NAV is normalized. “We look forward to executing on all our corporate objectives as we progress through fiscal year 2026.” As of September 30, 2025, the company had $12.21 million in working capital with no outstanding debt. To learn more about Lite Strategy, visit the company’s homepage . To learn more about Litecoin and its role in Lite Strategy’s treasury, visit the ‘about Litecoin’ page here . To learn more about the transaction with Aardvark, read the Form 8-K filing here . For current holdings and related company metrics, visit Lite Strategy’s dashboard . About Lite Strategy, Inc. (LITS) Lite Strategy, Inc. (NASDAQ: LITS) is the first US publicly traded company to adopt Litecoin as its primary reserve asset. Formerly MEI Pharma, the company has expanded its business model beyond its portfolio of drug candidates to focus on pioneering institutional-grade digital asset treasury strategies, in partnership with leading innovators across blockchain, finance and technology. Contact Justin J File , CEO and CFO of Lite Strategy, Inc.
Magic Eden launches buyback program: 15% of NFT marketplace revenue will be used to buy back ME, and another 15% will be used to buy back NFTs
Foresight News reports that the multi-chain trading platform Magic Eden has announced its first buyback program, pledging to use 15% of its NFT marketplace revenue to buy back its native token ME, and an additional 15% to purchase NFTs listed on the platform as an initial ecosystem support plan. The acquired NFTs will be stored in The Garden of Eden, a public on-chain asset vault. The token buyback will begin immediately, while the NFT buyback will start with Solana-based collections and gradually expand to Bitcoin, Monad, Ethereum, and other ecosystems throughout 2025.
Magic Eden’s ME token rockets 35%, what is happening?
Magic Eden’s native token, ME, just pulled a digital Houdini in the crypto circus, rocketing 35% in a day. The jump helped reclaiming the $0.60 throne for the first time since that October 11 dip. Like a thrilling sequel, bulls are pushing ME over a key resistance at $0.50, setting sights on psychological glory at $1. Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀 Sideways or upward? Let’s talk numbers. Analysts shared that according to CoinMarketCap, ME’s volume exploded to $129 million, 1,280% volume spike as traders tossed chips on the table. That’s not just a cosplay victory, it outshines other headline grabbers like Zcash, whose $270-to-$350 dance can’t quite steal ME’s spotlight. Despite flirting with a peak that’s light years from its all-time $13.24 high, industry obeservers are agree that ME’s resilience shines, bouncing back from a lowly $0.23 floor. Technicals whip up the excitement, ME’s RSI hitting 60 suggests bulls still have more room to spree before a cooldown. Expect some sideways jockeying around $0.50-$0.55 before a fresh sprint upwards, because in crypto, patience is the second greatest virtue after crazy hope. The Kraken connection? What’s fueling this ride? Early on, Magic Eden X teased the faithful with a cryptic ‘Big week ahead’ post on X, sparking a frenzy among the community. Sometimes, a well-timed vague promise can be the whip cracking a stampede of retail excitement. Underlying that hype is the buzz around Fireblocks swallowing up Dynamic on October 23, an announcement sending ripples through users like Magic Eden. Dynamic, the backstage wizard behind over 50 million on-chain accounts for giants like Kraken and Magic Eden itself, brings slick developer tools and seamless onboarding. Translation, Magic Eden’s arsenal just got bigger and badder. Macro factors Overlay all this with the market vibe, Bitcoin flirting with $116,000, Ethereum holding strong above $4,100, and a potential Federal Reserve rate cut stirring speculators. So, is Magic Eden cooking up a comeback story fit for the blockchain history books? With a blend of solid tech partnerships, hype, and macro tailwinds, this altcoin’s story is a must-watch plot twist in this year. Written by András Mészáros Cryptocurrency and Web3 expert, founder of Kriptoworld LinkedIn | X (Twitter) | More articles With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype
Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50. Trading volume jumped 1,280% to over $129 million to signal buying pressure. “A big week” ahead and other potential catalysts could boost ME bulls. Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours. Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier. As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up. But what could help ME price in the short term? Magic Eden among top gainers as price pumps 35% Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today. The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours. This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash. ZEC hovered around $270 on October 24, but was near $350 at the time of writing. On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60. While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23. ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark. RSI at 60 suggests bulls have more room to aim for gains. Magic Eden price chart by TradingView What could help Magic Eden price higher? Several factors appear to have converged to ignite this pump. Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.” This post , which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth. Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment. ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23. As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration. Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash. Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains. The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance. Overlaying these platform-specific tailwinds is a broader crypto market rebound. While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited. The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds. The macroeconomic lift could spill over to altcoins like Magic Eden.
Fireblocks buys crypto authentication startup Dynamic, completing its offerings from 'custody to consumer'
Major crypto infrastructure firm Fireblocks has purchased Dynamic, an a16z-backed wallet platform used by the likes of Kraken, Stripe, and zerohash, among many onchain protocols. Dynamic provides tools to help developers embed crypto tech into “any application,” particularly simplifying top-of-the-funnel needs like user onboarding and authentication, wallet connections, and asset bridging, the companies wrote in a statement on Thursday. Co-founder Yoni Goldberg previously described the offering as "Auth0 for web3.” Fireblocks, meanwhile, is a leading blockchain infrastructure platform that provides secure custody, transfer, and management solutions. The company deploys advanced cryptography and hardware isolation to protect against hacks, enabling institutions — from crypto-native exchanges to fintechs — to handle trillions in transactions without counterparty risk. "Dynamic has built the most elegant wallet infrastructure for consumer-facing applications, with intuitive web3 onboarding and multi-chain support,” Fireblocks CEO Michael Shaulov said. “Together, we now offer something the industry has never had: the complete stack for onchain finance, from custody to consumer, all on one secure, scalable platform." Terms of the deal were officially undisclosed. A representative for the project noted the "unofficial" total is around $90 million. Mergers and acquisitions The move comes amid a spate of mergers and acquisitions in the crypto and surrounding fintech sphere. As part of this purchase, Dynamic's 30-person team and presumably much of its existing customer base will join Fireblocks. The startup has reportedly set up over 50 million onchain accounts for applications like Kraken’s Inky, Lighter’s decentralized perps exchange, Magic Eden’s onchain collectibles market, Ondo’s tokenization offerings, and zerohash’s payments portal. On Wednesday, Dynamic rolled out a new feature called Delegated Access that enables crypto apps to act on behalf of users to automate payments, manage funds, and rebalance portfolios, among other tasks. Founded in 2022 by Israeli-born MIT graduates and Juul alums Itai Turbahn and Yoni Goldberg, Dynamic has raised a total $21 million in funding to date, including a $13.5 million Series A in December 2023 led by a16z crypto and Founders Fund, following an earlier $7.5 million Seed round. Other backers include heavyweights like Breyer Capital, Castle Island Ventures, Circle Ventures, Hypersphere, and Solana Ventures.
The 2025 Velo Global Technology Awards Carnival (Singapore) Concludes Successfully
Original Source: Veloza From October 13 to 14, 2025, the highly anticipated 2025 Veloza Global Technology Awards Ceremony Carnival (Singapore Station) was successfully held at the Marina Bay Sands International Convention and Exhibition Center in Singapore. This grand event was co-hosted by Veloza, Nexus 2140, and ME, with APG and OWAA as the main title sponsors. Moore Labs, Feixiaohao, ODAILY, BlockBeats, and ChainCatcher served as co-organizers. The event brought together thousands of representatives from the technology, finance, and blockchain sectors from more than a dozen countries worldwide, where participants jointly explored innovation and the future of the digital economy. With the theme of "Empowering the Real Economy, Driving the Digital Future," the summit deeply focused on cutting-edge topics such as Web3 decentralized technology, artificial intelligence (AI), real-world asset (RWA) tokenization, cross-border payment innovation, and blockchain gaming ecosystems. Academic institutions, foundation representatives, business leaders, and technical experts from the United States, United Kingdom, Singapore, China, the Middle East, and Southeast Asia gathered together, creating a lively atmosphere with frequent exchanges of ideas. The Summit Focuses on Cutting-Edge Technology, Empowering the Global Digital Economy With the theme of "Empowering the Real Economy, Driving the Digital Future," the conference focused on core topics such as Web3 decentralized technology, artificial intelligence (AI), real-world asset (RWA) tokenization, cross-border payment innovation, and blockchain gaming ecosystems. Representatives from global academic institutions, renowned foundation leaders, business executives, and industry experts delivered insightful speeches at multiple high-level forums, engaging in heated discussions on topics such as "How Technological Innovation Empowers the Real Economy" and "The Prospects for the Integration of AI and RWA," providing new ideas and directions for the development of the digital economy. Strong Lineup of International Guests · Fusion of Ideas and Perspectives Several foundation representatives from the United States delivered high-level keynote speeches and case studies, including: Allan W. Jennings, Esq (Vice Chairman of Veloza Foundation North America / NASA Advisor), who explained the cross-disciplinary integration from space technology to blockchain trust mechanisms; Gerard Mc Keon (Publisher of Black Tie International magazine), who shared the new role of Web3 in global media and brand communication; Juan Ardila (New York State Assemblyman), who interpreted the U.S. policy trends on digital assets and Web3 innovation; Paul Sladkus (CBS reporter, Emmy Award winner) and Edward Cologna (SRTV producer) discussed the integration trends of AI, film and television, and blockchain technology. At the same time, in-depth analyses from Rich Teo, co-founder of Paxos stablecoin, Wall Street investor Jesse Weiner, and international financial analyst Ivy Ma (CFA) brought global perspectives on fintech to the event. Their speeches were pragmatic and forward-looking, resonating widely with attendees and drawing rounds of applause in a vibrant atmosphere. APG Launches Global Initiative, Leading a New Era of Privacy Finance As the main title sponsor of this summit, APG (Advanced Privacy Global) made a major announcement during the event, launching the APG Global Launch Conference. As a global compliant privacy payment platform upgraded through the strategic acquisition by GCEX Group, APG is centered on zero-knowledge proof technology (zk-SNARK), integrating cross-border clearing networks and intelligent compliance systems, and is committed to building a new financial infrastructure that is "privacy-protecting, compliance-first, and globally accessible." At the conference, APG showcased its latest achievements in cross-border payments, digital identity verification, DeFi compliance services, and Web3 financial ecosystem development. It also announced strategic partnerships with multiple international foundations and institutions to jointly promote the global standardization of privacy finance and compliance technology. These initiatives won high recognition from attending experts and institutional representatives and were regarded as an important milestone in the process of Web3 financial compliance. The two-day summit was filled with lively discussions and fruitful results. Whether it was in-depth exchanges of ideas or the signing of international cooperation intentions, it marked that the Veloza Tech Innovation Expo has become an important bridge connecting Eastern and Western technological innovation and digital financial ecosystems. The successful hosting of this event not only demonstrated Singapore's international influence as a global center for technology and finance but also further established the Veloza Global Technology Awards Ceremony Carnival as a global benchmark in the fields of Web3 and innovative technology. The 2025 Veloza Global Tech & Innovation Expo & Awards has come to a successful conclusion, but the journey of technological innovation continues. The resonance of ideas among global technology leaders will continue to drive the digital economy toward a more open, intelligent, and sustainable future.
Decentralized exchanges post record $1.43T Q3 volume: What it means for price discovery?
Decentralized exchanges (DEX) registered $1.43 trillion in spot volume during the third quarter, marking the strongest quarterly performance on record and signaling a structural shift in how crypto markets establish prices. The figure represents a 43.6% increase from the $1 trillion registered in the second quarter, and surpasses the previous record of nearly $1.2 trillion set between January and March. August and September delivered the second- and third-largest monthly volumes in history, at $510.5 billion and $499.1 billion, respectively, trailing only January 2025’s $560.3 billion. Additionally, DEXs captured 17.7% of the total crypto spot volume traded by their centralized counterparts, according to data from The Block. The percentage beats the second quarter’s ratio and the previous record by 0.1%. The milestone demonstrates that decentralized platforms kept pace with centralized counterparts during a period of elevated trading activity, a feat that suggests maturing infrastructure and deepening liquidity pools. Price Discovery Shifts On-Chain The volume surge coincides with a fundamental change in market conditions. Analyst Ignas noted in January that tokens recently listed on Binance underperformed the broader market, indicating price discovery occurs on decentralized exchanges before centralized platforms serve as exit liquidity venues. Simon’s Cat (CAT) and Magic Eden’s ME token both experienced a drop of approximately 70% after their listings. Meanwhile, Velodrome’s (VELO) Binance listing exemplified the pattern. The token plunged nearly 70% to $0.1154 after trading pairs launched, confirming that centralized exchanges increasingly function as exit liquidity rather than discovery venues. The analyst noted: “Previously, price discovery occurred in private VC markets, with CEXs as exit liquidity. Now, DEXs are for price discovery and CEX for exit liquidity.” The predominance of sophisticated traders classified as “smart money” on decentralized platforms drives this transition. Repeated $100 billion-plus monthly volumes on Uniswap and its peers mean more price ticks are set in automated market maker curves and request-for-quote auctions, rather than order books at custodial venues. Infrastructure implications Despite Ignas’ observations from January, the decentralized trading venues have shown sustained usage by investors. This growth reconfigures market plumbing, altering who sets prices, bears risk, and directs liquidity. When decentralized exchanges consistently post triple-digit billion monthly volumes, the dynamic reweights indices, market-making models, and oracle design toward DEX liquidity sources. The result produces more transparent, programmatic markets where custody and execution converge in a single wallet. Liquidity, pricing, and risk management are migrating to smart contracts and solver networks, while regulators, indexers, and market makers are increasingly treating on-chain venues as primary rather than peripheral sources of truth. Having exit liquidity streams through centralized exchanges remains healthy for the market, providing outlets for position unwinding and capital rotation. The two-tiered structure enables price formation on decentralized rails while maintaining deep exit venues for traders seeking immediate liquidity on a large scale. The post Decentralized exchanges post record $1.43T Q3 volume: What it means for price discovery? appeared first on CryptoSlate.
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