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- 01:04US stock valuations questioned, Asian stock markets generally declineChainCatcher News, according to Golden Ten Data, Asian stock markets followed the overnight sell-off in U.S. stocks on Wednesday, as investor concerns over excessive valuations weakened market confidence. The MSCI Asia-Pacific Index fell by 1%, with the South Korean stock market leading the decline, dropping more than 4%. Chris Weston, Head of Research at Pepperstone Group, stated that the market lacks short-term catalysts and there are few reasons to buy. The CEOs of Morgan Stanley and Goldman Sachs questioned the sustainability of sky-high valuations, intensifying market concerns about an overinflated stock market.
- 01:04Time.fun announces closure of creator token platform, transitioning to a crypto social applicationChainCatcher News, Timefun founder Kawz stated that Time.fun will gradually shut down its existing creator token platform, and in the future, the platform will only retain fund withdrawal and asset transfer functions to complete the transition to a brand-new product form. The new application will completely abandon the creator token model and instead build a next-generation social platform based on cryptographic technology. He pointed out that although the team still believes in the long-term potential of creator tokens, the current market shows a significant lack of user activity and trading demand, making it difficult for the model to support sustainable product development. Kawz further stated that the new social platform will be designed around "on-chain identity and social incentives," aiming to allow users to naturally generate on-chain assets and reputation systems through social interactions, rather than relying on speculation-driven token issuance. The new product has entered the internal testing phase, and a product preview and test invitation plan will be announced in the coming weeks.
- 01:04Data: "Maji" once again took a high-leverage long position on ETH, has been partially liquidated, and total account losses have expanded to $15.16 million.ChainCatcher News, according to Onchain Lens monitoring, "Maji" has once again deposited 275,000 USDC into HyperLiquid and opened a long ETH position with 25x leverage. He was partially liquidated in this trade, and the total loss in his account has now reached 15.16 million USD.