Feixiaohao Technology Inc. recently signed a letter of intent to acquire UTime Limited (Nasdaq: WTO), a Nasdaq-listed company. UTime intends to acquire 100% of Feixiaohao's equity for US$80 million ($64 million in shares/convertible bonds + US$16 million in cash). The core assets of this transaction include Feixiaohao's technology stack and database, and more importantly, the "Feixiaohao Index 100," hailed as a bellwether for the crypto market, and its associated pricing model. As a Web3 data platform serving millions of users, Feixiaohao's index system has become an important reference for asset pricing in the industry. UTime plans to deeply integrate this index capability into its mobile hardware, pioneering a new paradigm of Web3 data services: "real-time index + hardware terminal."