Weekly Highlights | BTC Continues to Fluctuate, AI Causes Panic, Market Urgently Needs a New Narrative

PANews Editor's Note: PANews has selected the best content of the week to help you catch up on anything you might have missed over the weekend. Click on the title to read.

Macro perspective

The Darkest Hour: Crypto in 2026 = The Internet in 2002

We have reached the most dangerous, yet most critical, turning point in the industry. We are witnessing the "elitization" of cryptocurrencies, and if we are not careful, we will let the real revolution die at the hands of "fintech wrappers."

The departure of a key figure in xAI deals a major blow to Musk's AI ambitions.

Behind the continuous financial losses, the issue may be more complex than just salary concerns. Why did Crypto fail to help AI, and instead, why is AI saving Crypto?

With shrinking salaries, higher entry barriers, and restrictions on residency status, is Web3 still worth pursuing in 2026?

The Web3 job market is being "demystified," bidding farewell to its unchecked growth and returning to rationality and common sense.

WLFI hosts a meeting, allies attend, Mar-a-Lago starts a crypto business.

In Palm Beach, Florida, Mar-a-Lago is far more than just Trump's private club. It's a power hub for American political and business elites, and a cash cow for the Trump family, generating tens of millions of dollars annually. And "Trump Avenue," leading to Mar-a-Lago, is already packed with discreet visitors.

Is RWA profitable? A comprehensive interpretation of the cryptocurrency regulatory policies outlined in the "2.6 Notice".

In terms of content, Notice 2.6 is not a completely independent normative document.

Institutional Thinking and Dynamics

Interview with Bitwise's Chief Investment Officer: Multiple factors combined led to the market crash; optimistic about future institutional buying.

The next wave of potential buyers of Bitcoin remains financial advisors, large brokerages like Morgan Stanley, family offices, insurance companies, and sovereign nations.

Eight insights from a conversation with Cathie Wood about her big plans for 2026.

We are at a turning point that occurs approximately every 125 years.

ARK Invest: Four Trends Are Boosting Bitcoin's Value

The question facing investors today is no longer "whether" to allocate to Bitcoin, but rather "how much" and "through which channels" to allocate it.

Goldman Sachs Embraces Crypto: $2.3 Billion Allotment for ETH

Goldman Sachs disclosed a $2.3 billion crypto allocation list. Despite a significant difference in market capitalization, BTC and ETH are roughly equal in size, suggesting that Wall Street institutions are casting a vote of confidence in the Ethereum ecosystem.

Crypto × AI from the Primary Market: An Experiment in the Illusion of Tokenization

Current viewpoints are balanced: divided into four quadrants, with AI Helps Crypto and Crypto Helps AI each accounting for half.

Betting on a Tesla-SpaceX merger? "Sister Wood's" space ETF makes its first Tesla purchase.

The Space Exploration ETF (ARKX) managed by "Sister Wood" has made its first purchase of 35,766 Tesla shares, accounting for 1.99% of its total assets. This move may be intended to position itself in advance for the anticipated restructuring of the "Musk empire" following the merger of SpaceX and xAI.

About AI

The next earthquake in AI: Why is the real danger not a SaaS killer, but a computing power revolution?

This revolution may bring an end to the grand party meticulously organized by the AI ​​shovel sellers sooner than anyone imagined.

Which assets will benefit from and which will suffer from Openclaw's agentic economy?

A deep dive into the asset repricing triggered by AI's shift from providing advice to autonomous execution: revealing the collapse of value in old assets that relied on human labor, and exploring the systemic migration of funds to computing power, automated settlement protocols, and embodied intelligent hardware.

The Seedance 2.0 shockwave: a cost collapse spanning e-commerce, gaming, and film.

A major industry reshuffle concerning beneficiaries and substitutes has already begun.

Beyond writing code, AI is reshaping the world in these 10 overlooked areas.

Your next startup idea is on this list from YC.

Market fluctuations

Meme wanes, narratives cool: Solana's cyclical boom ends as it falls below $80.

When the market turned bearish, the price of the coin fell, TVL was halved, on-chain transaction volume plummeted, and the growth flywheel stalled, Solana also faced its own various problems.

The Triple Resonance of Bitcoin's Bottom: The Ultimate Direction of Macroeconomics, On-Chain Economics, and Miner Economics

A deep dive into the physical and emotional bottom of Bitcoin's current cycle.

Robinhood achieved its best performance ever, but its stock price has fallen by nearly half.

For Robinhood, the real test is not the records in a bull market, but the floors in a bear market.

Tencent's "Deep Dive": The Lesson of $700 Million – The "Old Narrative" of the Crypto Market is Dead

A Chinese whale lost $770 million in six days, a priceless "public execution".

Seize the opportunity

The "Performance Pains" of Traditional Giants: Warnings from Coinbase and Robinhood's Q4 Earnings Reports

For Coinbase and Robinhood, the "record-breaking" year of 2025 is history. The theme for 2026 will no longer be "growth," but "resilience." In 2026, the two giants must prove to the market that they have enough cash flow to survive until next summer.

LayerZero, who never plays in low-elo games, has spent two and a half years developing a major new feature.

LayerZero teased a major event on February 10th, after which the ZRO token price rose. Tether invested in LayerZero to support interoperability technology and announced the launch of the L1 blockchain Zero in the fall.

BlackRock's "bet" on UNI: Deconstructing the business logic behind its partnership with Uniswap

BlackRock deployed a $22 billion BUIDL tokenized fund on UniswapX and purchased UNI tokens, marking the widespread adoption of DeFi in terms of institutional liquidity and compliance.

2026 Forecast Market: A Battle of Titans – 7 Differentiated Breakthrough Strategies for New Players

These seven factors determine the depth of the moat.

MegaETH mainnet launched: Eight must-have dApps.

Including Euphoria, Blackhaven, Bad Bunnz, CAP, Legend, HelloTrade, Funes, and World

Web3 Matters

Undeterred by Bull and Bear Markets: The Rules of Crypto Survival

It took me 13 years to understand the game of the crypto world.

After betting $23.3 million on whether to stay or leave, why did NBA star Giannis Antetokounmpo's investment in Kalshi cause public outrage?

In an era of gambling and prediction markets, doubts and controversies cannot be quelled by self-justification. The more difficult challenge lies in restoring fairness, ethics, and trust.

CZ's Rise, Fall, and Rebirth: Starting with Selling His House and Betting $600 Worth of BTC

You don't need to be too stupid, but you don't need to be exceptionally smart either. Make a little progress every day, and stick to it for thirty years, and you're likely to be quite successful.

An article garnered millions of views in the community; the founder of Flap told us the story of how their product triumphed over "Shandong Studies" (a Chinese academic approach to learning from the West).

In the interview, Flap founder Cedric shared the original intention behind writing the viral article and recounted the real entrepreneurial journey of how a grassroots team abandoned impetuosity, relentlessly pursued product-market fit (PMF), and ultimately achieved growth in a sluggish market.

A careless act at age 10 yielded a 700,000-fold return 30 years later: The man behind the ai.com domain.

The most legendary domain name investment in history: how did $100 turn into $70 million?

Key Information

• Coinbase announces $39 million increase in Bitcoin holdings

• Aave Labs has proposed transferring 100% of its protocol revenue to the DAO in exchange for operating funds.

• Coinbase released its Q4 financial report: a net loss of $667 million and a 20% drop in revenue.

• Lighter and Circle reach a USDC deposit earnings sharing agreement

• The Bhutanese government sent 100 BTC, worth $6.77 million, to QCP Capital.

• Coinbase CEO sells approximately $550 million worth of Coinbase stock in the past year.

• Binance has confirmed that the SAFU fund has completed the purchase of the final batch of 4,545 BTC, bringing its total BTC holdings to 15,000.

• Ethereum Holdings Report: Over 60% of total supply is held in ETH2 deposit contracts; Rain Lohmus is the largest individual holder.

• Alameda's bankruptcy administration distributed over $15 million in SOL (Social Security) to creditors.

• Arkham: Trend Research's final loss on ETH in this round was $869 million.

• The largest ETH bullish whale on Hyperliquid added 5,000 ETH to its long position.

• Goldman Sachs disclosed that it indirectly holds $2.361 billion in cryptocurrencies through ETFs.

• Leung Fung-yee announced three new measures for the regulation of virtual assets in Hong Kong, including margin financing and perpetual contracts.

• Bitmine pledged over 140,000 ETH again 4 hours ago, equivalent to approximately $282 million.

• Robinhood shares fell after the earnings release, as its Q4 cryptocurrency revenue declined by 38%.

• LayerZero will launch a new blockchain called "Zero" for traditional finance, with Citadel, ICE, and Cathie Wood involved.

• A Hyperunit whale who once held over $10 billion in BTC lost $250 million due to going long on ETH on Hyperliquid.

• The EU plans a comprehensive ban on cryptocurrency transactions with Russia to curb sanctions circumvention.

• Polymarket partners with Kaito AI to launch a social data-driven attention market.