PANews

The article discusses the evolution of prediction markets, particularly how Opinion Labs has made breakthroughs in liquidity and localized belief trading through AI technology. There are significant differences between Eastern and Western markets in terms of focus and participation methods; the East emphasizes content and entertainment, while the West is moving towards financialization. Ultimately, Prediction Market 2.0 has evolved into a culturally driven, diversified development path.

The article discusses whether stablecoin issuers like Circle and Tether building their own public chains could impact Ethereum's future. The conclusion is that Ethereum will not be "cooling off" because of this; instead, it will benefit from the multi-chain issuance of stablecoins and a good balance of fees and speed. Despite competition, Ethereum still dominates the stablecoin market and maintains strong network effects and a robust developer ecosystem.

Author: Huang Wenjing, He Weiyi
Introduction
As global anti-money laundering standards tighten and China's new Anti-Money Laundering Law is implemented, cryptocurrency crimes have exhibited characteristics of "high frequency, high amounts, and high concealment." From early fake trading platforms to now using smart contracts for on-chain phishing and fragmented money laundering, victims face not only asset losses but also difficulties in rights protection due to information gaps and challenges in providing evidence.
However, in judicial practice, victims generally face a core dilemma: knowing that funds are "still on the chain," but finding it difficult to push public security authorities to complete seizure, freezing, and disposal. This is often due to incomplete evidence materials, unclear reporting statements, and insufficient communication and cooperation, leading to missed optimal investigation opportunities.
This article combines the latest judicial practices and technical methods to provide victims with a clear and feasible response pathway, helping to break the deadlock in recovery efforts.
Possibility of On-Chain Asset Tracking
First point: How does the law view your cryptocurrency loss

Written by: Ada, Deep Tide TechFlow
Tuesday, February 24. Washington, Pentagon.
Anthropic CEO Dario Amodei sat across from Defense Secretary Pete Hegseth. According to multiple media outlets including NPR and CNN, the meeting was "polite," but the content was far from courteous.
Hegseth issued a final warning: by 5:01 PM Friday, lift the military restrictions on Claude and allow the Pentagon to use it for "all lawful purposes," including autonomous weapon targeting and domestic mass surveillance.
Otherwise, cancel the $200 million contract. Initiate the Defense Production Act, enforce compulsory requisition. List Anthropic as a "supply chain risk," which is equivalent to placing it on the blacklist of hostile entities from Russia and China.

Author: 137Labs
Recently, there have been several substantial developments in the tokenized US stocks (Tokenized Stocks) field:
Kraken launches on-chain tokenized stock platform xStocks
Coinbase is seeking regulatory approval
Solana submits blockchain-based tokenized securities framework
Robinhood launches tokenized stock products in the European market
Meanwhile, global market data shows that the scale of tokenized stocks is rapidly growing, providing important context for understanding this trend.
1. On-Chain 72-Hour Trading Mechanism
1. Traditional US Stock Trading Mechanism
The traditional US stock market has the following core features:
Fixed trading hours
The regular trading hours on weekdays are primarily during Eastern Time, with lower liquidity during pre-market and after-hours, and liquidity concentrated during main market hours.
T+1 settlement system

Author: Jae, PANews
Conspiracy theories often spread more widely than the truth, and the same is true in the crypto world.
Especially during periods of sideways price movement and market anxiety. When Bitcoin repeatedly struggles below $70,000, and every US stock trading day encounters strange sell-offs at 10 a.m., investors can't help but suspect that a mysterious hand is manipulating the market.
As Jane Street becomes embroiled in legal disputes with Terraform Labs and faces severe accusations in the crypto market, a fascinating phenomenon occurs: the so-called "10 a.m. dump" scenario, which was as precise as clockwork, mysteriously disappears.
This New York-based quantitative trading giant, known for its low-profile approach and high-frequency algorithms, happens to be an authorized participant (AP) for top Bitcoin spot ETFs like BlackRock and Fidelity.
On social media, Jane Street has already been identified as the one hiding in the shadows of algorithms.

This article explores the impact of different execution methods of the dual-coin winning strategy on returns through backtesting of Bitcoin and Ethereum from 2020 to 2026. The study shows that the standard dual-coin winning approach (dynamic selling of call options) performs excellently in balancing risk and reward, while the breakeven strategy (fixed strike price) results in significantly lower returns due to anchoring effects. The data emphasizes the importance of psychological factors in trading decisions, indicating that maintaining dynamic adjustments and discipline is far more crucial than blindly pursuing breakeven.

Author: Zui Feng Trading Platform
When discussing AI, most people are still worried about "jobs being taken away." But Deutsche Bank believes that this perspective might be a bit narrow.
According to Zui Feng Trading, in a recent report by George Saravelos, Head of Global Foreign Exchange Research at Deutsche Bank, two extreme scenarios of AI development are explored:
The first scenario is "complete replacement." Similar to Marx's prophecy over 180 years ago and Elon Musk's current vision: in the economic factors of production, "capital" itself becomes "labor," rendering the value of labor zero, and capitalism becomes obsolete. AI massively replacing human jobs would lead to wealth and income being highly concentrated among a few capital owners, while ordinary people's income and demand are weakened, causing the economy to fall into a dilemma of "many goods, but no one can afford to buy."
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> Did Marx predict artificial intelligence? About 200 years ago, he wrote a book about "machines

Written by: imToken
On February 18, the Ethereum Foundation (EF) released the "Protocol Priorities Update for 2026." Compared to previous fragmented updates centered around EIPs, this roadmap resembles a strategic schedule, clarifying the upgrade pace, priority allocation, and the three main focus areas for the protocol layer in the coming year: Scale, Improve UX, and Harden the L1.
Behind this, from the successful delivery of two hard forks in 2025 (Pectra/Fusaka) to Glamsterdam in 2026 and

Host: Mr. Z, 168X
Guest: Dovey Wan, Founder of Primitive Ventures
"Bitcoin can no longer keep up with ARKK — AI is draining global liquidity, and the crypto market hasn't even reached true dead silence yet." Dovey Wan, founder of Primitive Ventures, shared her insights in an interview on the East-West Capital Dialogue program "168X." With years of practical experience spanning the Chinese and American tech and finance circles, she deeply analyzed how AI is disrupting the global liquidity landscape, the survival crisis faced by white-collar workers, and the philosophy of "dullness" for survival during the crypto bear market.
With a technical background, Dovey Wan holds a master's degree in Information Systems from Carnegie Mellon University. She previously served as Managing Director at Danhua Capital (DHVC), where she led investments in

Bitcoin's performance in 2026 was poor, with a decline of 24%, marking the worst start to the year in nearly a decade. This collapse occurred without any obvious reason, intensifying market panic. Currently, the bottom-fishing indicator has not yet reached the bottom, and future trends remain uncertain.

Crypto KOL Alexander Lin points out that prediction markets have 23 flaws, including low capital efficiency, insufficient liquidity, lack of natural hedgers, and market manipulation risks. These issues make prediction markets difficult to become mainstream financial tools, contrasting with the effectiveness and liquidity of traditional financial institutions.

Author: Black Lobster, Deep Tide TechFlow
In the summer of 1858, a copper-core cable crossed the Atlantic Ocean, connecting London and New York.
The significance of this event has never been about transmission speed, but about power structures—who laid the submarine cable could siphon off the flow of information. The British Empire, through this global telegraph network, held the intelligence of colonies, cotton prices, and war news in its hands.
The empire's strength was not only its fleet but also that cable.
Over 160 years later, this logic is being reenacted in an unexpected way.
By 2026, China's large-scale models are quietly taking over the global developer market. According to the latest data from OpenRouter, Chinese models dominate 61% of token consumption among the top ten models on the platform, with the top three all from China. Developers in San Francisco, Berlin, and Singapore send out A

Author: Haseeb, Managing Partner at Dragonfly
Translation: Peggy, BlockBeats
Editor's Note: Amid the recurring cycle of "Crypto is Dead" proclamations, author Haseeb Qureshi (Managing Partner at Dragonfly) shares his personal experience, reviewing the process of a crypto VC from inception to scale, discussing fundraising, positioning, winning deals, post-investment support, and team building.
This article dissects the operational logic of VC from a practical perspective: within a structure where returns follow a power-law distribution, how to understand "non-consensus judgment," how to view hit rate and heavy allocation strategies, why "winning deals" is more critical than "picking the right projects," and why this is a business that requires long-term patience.
For those wanting to understand how VC operates, this is a straightforward and concrete experience sharing.

After NVIDIA's earnings report was released, market sentiment stabilized, and the stock price hovered around the $200 mark, reflecting the convergence of extreme divergence in individual stock performance. Market attention has shifted to the macro theme of "discrete convergence," which may influence capital flows and trading strategies. Large-scale government bond settlements have also caused frequent liquidity fluctuations, and investors should pay attention to macro policies and performance diffusion to adjust their investment allocations.

The cryptocurrency market in 2026 is becoming more rational, with institutional capital gradually entering. Bitcoin and Ethereum continue to lead, while emerging public chains like Solana are gaining prominence. Stablecoins are gradually becoming liquidity management tools. Investors need to assess risks and monitor market trends.