Author: dmitriy.vasyura@gmail.com

Magic Eden is winding down its Ethereum, Polygon, and Bitcoin NFT marketplaces to pivot sources towards its Solana operations and rising iGaming platform, Dicey.

Replace on @MagicEden and @DiceyHQ:
It’s clear we're coming into a brand new period the place finance and leisure merge. We at the moment are 2 months into @DiceyHQ’s closed beta and are extremely bullish on how issues have developed (~200 customers, >$15M wagered).
To offer Dicey the main focus it…

— Jack (@0xLeoInRio) February 27, 2026

The choice, confirmed by CEO Jack Lu, is that the platform will stop help for non-Solana chains by early April 2025, following a broad collapse in cross-chain buying and selling volumes.

Key Takeaways:

• Magic Eden will terminate help for Bitcoin and EVM marketplaces beginning March 9, with full pockets shutdowns scheduled for April 1.
• The pivot follows inner information displaying Solana markets account for over 85% of quantity whereas multi-chain upkeep prices remained excessive.
• Sources will likely be reallocated to Dicey, a crypto playing platform that processed $15 million in wagers throughout its closed beta.

In his publish, CEO Jack Lu outlined a phased sundown for EVM and Bitcoin-based Runes and Ordinals markets.

Buying and selling help will finish on March 9, adopted by the Bitcoin API on March 27. The platform’s crypto pockets will swap to an export-only mode in the midst of March earlier than a full shutdown on April 1.

Lu acknowledged the corporate is “doubling down” on Dicey, citing a “huge alternative” within the intersection of finance and leisure. The on line casino platform’s closed beta lately noticed 200 customers wager over $15 million in simply two months.

The strategic shift mirrors a broader pattern the place crypto funds and firms are diversifying income streams; for example, enterprise agency Paradigm plans to develop into AI and robotics to seize worth past conventional digital belongings.

Magic Eden plans to copy this diversification by launching a sportsbook to compete with blockchain playing heavyweights like Stake.

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Falling NFT Quantity Forces Strategic Realignment

The retreat from multi-chain operations displays a stark consolidation of NFT liquidity on Solana.

Regardless of elevating over $130 million to develop help for Ethereum and Bitcoin Ordinals, market information signifies that Solana belongings continued to drive over 85% of the platform’s buying and selling quantity in late 2024.

Whereas Ethereum retains dominance in stablecoin infrastructure, its NFT sector has suffered extended decline, making the upkeep of cross-chain compatibility technically burdensome for lowering returns.

> be Magic Eden
> launch in 2021
> seize 90% of sol NFT quantity
> evolve right into a multi-chain NFT platform
> elevate $160m at $1.6 billion valuation
> ordinals protocol launches in 2023
> launch market for Ordinals in March
> be early winner of the ecosystem
> at peak management… pic.twitter.com/ZR3OcE1hlE

— Bando (@bandosei) February 28, 2026

Lu famous that the shift was in the end pushed by the truth that a lot of the platform’s non-Solana merchandise weren’t contributing considerably to revenues.

{The marketplace} had briefly ranked No. 1 globally in early 2024 following its Bitcoin enlargement, however sustained engagement did not materialize because the Ordinals and Runes hype cycles cooled.

Going ahead, the platform will completely concentrate on NFT packs that bundle random belongings, trying to gamify the remaining buying and selling expertise.

Will Magic Eden Exit Trigger Token Volatility and Liquidity Considerations?

The announcement precipitated extreme volatility for the ME token, which reportedly fell practically 2.5% within the final 24 hours, though this was broadly in step with Ethereum’s losses over the interval.

The exit additionally leaves a big vacuum within the Bitcoin Ordinals market, which can strengthen opponents like OKX and UniSat that stay dedicated to the Bitcoin ecosystem.

Magic Eden’s long-term valuation now hinges on its skill to transform NFT merchants into energetic gamblers on Dicey.

The platform’s consumer retention metrics after April 1 will likely be most insightful; if the pivot fails to seize the excessive quantity playing cohort, the whole lack of the multichain consumer base might isolate the protocol from future liquidity cycles on Bitcoin and Ethereum.

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The publish Magic Eden Winds Down EVM and Bitcoin NFT Markets in Strategic Pivot appeared first on Cryptonews.

The Primary Intelligence Directorate of the Ministry of Protection of Ukraine has printed technical documentation and an inventory of parts for the brand new Russian cruise missile "Izdelie-30". Microchips manufactured within the USA, Switzerland, China, and the Netherlands have been present in its navigation system.

The Primary Intelligence Directorate of the Ministry of Protection of Ukraine has revealed the detailed construction and logistical provide chains for the manufacturing of Russia's new cruise missile, the "Izdelie-30," which the enemy started utilizing on the finish of final yr. This was reported by UNN.

Particulars

In a particular part of the Conflict&Sanctions portal, intelligence officers printed an interactive 3D mannequin of the munition, which has an 800 kg warhead and a spread of over 1,500 km. Along with technical traits, the GUR recognized 20 Russian enterprises concerned within the cooperation for the manufacturing of this weapon, which is predicated on the developments of the OKB "Zvezda."

Use of Western applied sciences and overseas parts within the navigation system

Analysis into the missile's remnants revealed that its satellite tv for pc navigation system is constructed on a mixture of blocks from two completely different Russian firms, however important elements are of overseas origin. Microchips manufactured within the USA, Switzerland, China, and the Netherlands have been discovered within the "Kometa-m12" jam-resistant sign system and the receiving-computing blocks.

This means that regardless of sanctions, the Russian military-industrial complicated continues to combine Western applied sciences into its latest long-range weapon methods by means of middleman networks.

Unification of technical options and the function of Russian microcontrollers

Evaluation of the design confirmed a excessive stage of unification of the "Izdelie-30" with different Russian missiles, such because the Kh-35U and Kh-101, significantly by way of pneumatic methods and catapult units. On the similar time, the digital management unit for the warhead, BUBS-30, is predicated on a Russian 32-bit microcontroller from the "Milandr" firm.

The Primary Intelligence Directorate of the Ministry of Protection of Ukraine continues its systematic work on finding out new enemy developments and informing the world with the purpose of collectively countering threats

— emphasize the intelligence company, calling on the worldwide neighborhood to strengthen export controls.

Lockheed Martin efficiently completes assessments of extended-range ER GMLRS missiles15.02.26, 04:25 • 5246 views

Crypto are underneath strain as warfare round Iran intensifies and merchants start pricing within the unthinkable: disruption within the Strait of Hormuz.

If that chokepoint closes, oil spikes. And if oil spikes, inflation follows. That places the Federal Reserve in a nook, forcing charges to remain larger for longer.

Crypto shouldn’t be immune. Whereas there was some speculative shopping for on regional capital flight headlines, the broader macro image is heavy. Bitcoin is transferring extra in sync with conventional threat property, not decoupling from them.

As a substitute of appearing like digital gold, the market is behaving as if liquidity is the true secure haven. In a real power shock state of affairs, the primary response shouldn’t be rotation into crypto. It’s de-risking throughout the board.

Key Takeaways:

• Bitcoin volatility has spiked as merchants hedge towards a possible Strait of Hormuz closure that might disrupt one-fifth of worldwide oil flows.
• Surging Oil Worth ranges above $90/barrel would doubtless stick inflation larger, doubtlessly taking a Q2 Fed price reduce off the desk.
• Whereas Capital Flight into USDT gives localized help, international risk-off flows are dominating market construction and capping upside momentum.

Bitcoin Crypto Volatility Spikes as Iran Conflict Jitters Set off $128M Liquidations

The primary crypto response to the Iran warfare was chaos, not readability. CoinGlass information reveals greater than $128 million in liquidations in simply 4 hours after stories of the IRGC’s “Operation True Promise 4.” Practically 80% had been longs. Leverage merchants had been leaning the improper approach and obtained wiped quick.

Bitcoin initially dropped towards $63,000 on the headlines, then bounced as extra particulars got here out. However the rebound feels mechanical, not assured. Open Curiosity has cooled sharply, which tells you desks are reducing threat, not aggressively shopping for dips.

That is basic panic conduct. Promote first. Reassess later.

Equities are displaying the identical sample. The S&P 500 has seen outflows, and Bitcoin’s correlation with tech stays tight throughout stress occasions. Regardless of the digital gold narrative says, in moments like this BTC trades like a high-beta threat asset, not a secure haven.

Oil Worth Surge Threatens to Derail Fed Pivot Plans

The true threat to crypto won’t be the headlines; it may very well be oil. If the Strait of Hormuz is disrupted, as much as 21 million barrels per day may very well be affected. That’s round 20% of the worldwide provide. Even partial disruptions traditionally set off prompt worth spikes.

If crude holds above $100, inflation comes again quick. That traps the Federal Reserve. Price cuts get delayed. Liquidity stays tight. And crypto suffers in a higher-for-longer surroundings.

Some analysts are floating excessive draw back eventualities once more. Whereas most institutional desks nonetheless see $58,000 to $60,000 as Bitcoin’s key help zone, that flooring relies upon closely on the Fed not turning extra hawkish.

There’s a counter-force: capital flight. Stablecoin demand in components of the Center East has jumped as native currencies wobble. Bitcoin and USDT change into escape valves. However retail flows from disaster areas not often offset massive institutional outflows pushed by macro tightening.

Altcoins are already displaying the pressure. With out recent liquidity, Ethereum and the broader sector wrestle to maintain rallies. If yields on the U.S. 10-year push again towards 5% on energy-driven inflation, threat property doubtless keep capped.

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The submit Crypto, Iran Conflict, and Oil Worth: Geopolitical Shock May Delay the Crypto Bull Run appeared first on Cryptonews.