Rise in Some Play-to-Earn Sector Tokens, Fusionist (ACE) Surges Over 60% in a Single Day

September 11th. Magma Finance has officially announced today the launch of its innovative product ALMM (Adaptive Liquidity Market Maker), becoming the first Adaptive & Dynamic DEX on the Sui blockchain. ALMM, as an improved version of DLMM, significantly enhances liquidity efficiency and trading experience through discrete price bins and a dynamic fee mechanism, marking a major upgrade to the DeFi infrastructure in the Sui ecosystem. Magma Finance is a DeFi protocol innovator in the Sui ecosystem. The launch of ALMM this time addresses the pain points of traditional AMMs in terms of capital efficiency, slippage control, and fee adaptability. Its core features include: discrete price bins to achieve zero slippage within bins; dynamic adaptive fees that automatically adjust according to market fluctuations to enhance capital efficiency; flexible liquidity deployment strategies that support single-sided liquidity provision, and more. On the eve of the launch, Magma has shown strong mome

On September 11th, the blockchain-native lending company Figure Technology Solutions, which is led by SoFi co-founder Mike Cagney, announced the pricing of its initial public offering (IPO) on Wednesday evening. It issued 31,500,000 shares of Class A common stock. The company set the offering price at $25 per share, which is higher than the range of $20 to $22 per share disclosed earlier in the S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC) on the same day. At the announced price, Figure plans to raise $7.875 billion through the IPO (previously projected at $6.93 billion), and the company's valuation is approximately $53 billion (previously $47 billion). After the offering, a total of about 211.7 million shares of Class A and Class B common stock will be outstanding, excluding the underwriters' over-allotment option. The offering includes 23,506,605 shares of Class A common stock issued by Figure and 7,993,395 shares of Class A common stock sold by certain ex

September 11th. According to official channels, the RWA.ART miner is set to be officially launched for sale at 20:00 (UTC+8) on September 11th. The initial batch of miners will number 500 units, with each priced at 200,000 BUCOIN. As per the official introduction, the RWA.ART miner serves as a key infrastructure of the RWA.ART platform. Users can sustainably generate the platform's token $ART by purchasing the miner and partake in subsequent airdrops and ecosystem benefits. Furthermore, the miner has a synthetic upgrade mechanism, enabling users to obtain higher returns through synthesis. In the event of failure, users will also receive double coinage rights as compensation. RWA.ART declared that the miner is not merely a tool for earning ART platform token rewards but also a crucial entry point for users to engage in ecosystem development. It can assist community members in sharing the platform's long-term growth value.

September 11th. According to official channels, MEXC launched Holoworld AI (HOLO) at 18:38 (UTC+8) on September 11th and opened HOLO/USDT and HOLO/USDC trading pairs. There are zero trading fees for spot trading within 14 days! On the same day, HOLO USDT-margined contract trading was opened, with support for 1-50 times leverage. At 19:38 (UTC+8), the instant exchange function was launched, enabling seamless and instant exchange with other assets. Previously, MEXC introduced the Airdrop+ event with a total prize pool of $100,000 worth of HOLO + 15,000 USDT. The event is ongoing and will end at 18:00 (UTC+8) on September 20th.

Rhythm BlockBeats Exclusive News: On September 11th, China's renowned e-commerce platform Mogu Street (MOGU Inc.) declared that during the second quarter of this year, the company's board of directors gave the green light to a strategic allocation of corporate assets towards digital currency. This mainly encompassed Bitcoin, Ethereum, and Solana, along with relevant securities and investment products. Simultaneously, by leveraging the company's profound AI research and development capabilities, this move will expedite the company's entry into decentralized AI applications and services on one hand and enhance fund diversification and long-term value preservation on the other. As part of the strategic roadmap, the company is constructing a blockchain-enabled ecosystem. In AI products, digital assets will serve as the primary means for users to access and interact. Users can utilize their owned digital assets to obtain AI applications, services, and advanced features, and earn or consume

On September 11th, according to Caixin, major domestic Internet companies may start to gradually withdraw from cryptocurrency-related business. Additionally, several central enterprises and Hong Kong institutions of Chinese banks may also not participate in the ongoing application for Hong Kong stablecoin licenses.