I'm sorry you had a problem with the saw. However, from your second and third photographs, it is very clear that your blade guide was incorrectly set.
When you are setting your blade guides, the pendulum action is at its minimum position (regardless of the lever position), so you may not realize that during normal operation the blade will slide between the jaws of the guides much deeper than during your setting. If you adjusted your blade guides only to the V-portion of the guides without realizing that the blade needs to land much deeper between the jaws, then this can cause the overheating that you experienced.
Picture #2 clearly shows the little molten blob of metal from the blade itself getting cut by the carbide jaws of the blade guides.
Picture #3 clearly shows that the area of the blade being overheated coincides with the location of the carbide jaws of the blade guide.
I am really glad you posted this. This is something very important to know that should be passed on to future owners of the saw in terms of the importance of properly setting the jaws of the guides. I suspected that there may be a risk of users setting the jaws too tight, and you have supported the need to make sure that people better understand this. I will do what I can to make sure this is better understood in the Supplemental Manual.
Edit: By the way, picture #2 is fantastic. You must have used a nice macro lens for that. Nice shot!