Weekly Selection丨Crypto Welcomes New Regulations but Bitcoin Doesn't Rise, TAO Still Hot

marsbitPublished on 2026-03-21Last updated on 2026-03-21

Abstract

This weekly roundup from PANews covers major developments in crypto regulation, AI integration, and market trends. In a landmark move, US regulators SEC and CFTC jointly issued new guidance clarifying that most crypto assets are not securities, providing legal clarity for Bitcoin and major cryptocurrencies. Despite this regulatory progress, Bitcoin's price did not see significant gains. The AI sector remains a focal point, with discussions comparing Nvidia's Jensen Huang to Satoshi Nakamoto and exploring how AI is reshaping finance through tools like AI researchers and autonomous agents. Bittensor (TAO) continues to gain traction, with its subnetworks distributing substantial daily value. Institutional adoption accelerates as Nasdaq receives approval for tokenized stock trading, and S&P 500 indices debut on Hyperliquid. Meanwhile, meme coin platform Pump.fun surpasses $1 billion in cumulative revenue, though the NFT and metaverse real estate markets show signs of a severe downturn. Key market updates include MicroStrategy's continued Bitcoin acquisitions, FTX's planned $2.2 billion creditor distribution, and central banks maintaining steady interest rates. The intersection of AI and crypto is further highlighted by practical applications, such as AI-powered prediction markets generating profits.

PANews Editor's Note: PANews has selected high-quality content from the week to help everyone catch up over the weekend. Click the title to read.

Macro and Regulation

Milestone Guidance Lands: SEC and CFTC Join Hands, Crypto Circle Bids Farewell to the "Everything is a Security" Era

The U.S. SEC and CFTC jointly released 68 pages of new guidance, clarifying that most crypto assets are not securities, providing a legal moat for mainstream assets like Bitcoin. Regulatory direction is becoming clearer, market compliance discounts are expected to disappear, and the crypto industry is ushering in a new era of certainty.

Scooping Up Over 40,000 Bitcoin in a Week, Strategy Plays Fixed-Income Games with STRC

STRC, a financing tool focused on stable returns, successfully packages the highly volatile Bitcoin into fixed-income instruments favored by traditional finance, continuously attracting funds from Wall Street and becoming a new growth flywheel for Strategy.

2026 List of Crypto Project Shutdowns, Transitions, and Bankruptcies

Since Q1 2026, over 20 projects have announced shutdowns/transitions/bankruptcy.

IOSG: The Paradigm Leap in Power Flexibility, From Macro Assets to Distributed Intelligence Layer

The power flexibility market is at a structural inflection point, with surging AI data center demand and grid pressure creating new opportunities. Exploring how crypto-native DePIN models can revolutionize the power market, providing core support for AI and energy transition.

AI Watch

The AI Industry Has Its Own Satoshi Nakamoto—Jensen Huang

In the past, you had to believe to see that token; now, you can see it without believing.

The "Detroit: Become Human" Moment for Private Equity: When AI Takes Over Alpha, What's Left for Human Fund Managers?

AI is accelerating the replacement of financial practitioners. Private equity firms use AI researchers like OpenClaw to reduce costs and increase efficiency, with quant giants moving towards multi-agent unmanned factories. Faced with an efficiency revolution, where is the value of human researchers? This article explores how AI is reshaping the competitive landscape of the asset management industry.

Full Text of Jensen Huang's GTC Speech: The Era of Inference Arrives, Lobster is the New Operating System

Jensen Huang revealed "Token Factory Economics" and the trillion-dollar AI computing demand, detailing the Vera Rubin system's 350x performance leap and how Agents will reshape the future workplace.

Institutional and Celebrity Brainstorms

OKX Ventures: Deconstructing the AI Agent Economic Infrastructure (Part 1)—x402, ERC-8004, and Virtuals

OKX Ventures' in-depth research report reveals the path to the explosion of the AI Agent economy, focusing on three core protocols: the x402 payment layer, the ERC-8004 trust layer, and the Virtuals business layer, analyzing how applications like OpenClaw build autonomous economies.

From Binance to Middle East Listed Company CIO: Bill Qian on the Intersection of Crypto, AI, and Geopolitics

First-hand observations from Dubai, the duality of Bitcoin, the AI bubble, and asset allocation lessons in turbulent times.

Dialogue with U.S. Treasury Secretary Scott Bessent, Deconstructing the "World Imagination" Under the 2026 Macro Fog

U.S. Treasury Secretary Scott Bessent rarely shares his macro investment philosophy: how to challenge 85% of market consensus, find excess returns in the bond market and geopolitical conflicts, and first discloses his "lifeguard" survival rules and sci-fi thinking foundation.

Dialogue with Hyperliquid Founder: The Crypto Industry Doesn't Lack Talent, It Lacks Reverence and Execution for "Financial Sovereignty"

How to build decentralized global financial infrastructure through on-chain mechanisms like no internal market and automatic burning. Discussing how key modules like HyperEVM and HIP-3 realize the vision of "finance on-chain," challenging traditional centralized models.

Seizing Opportunities

Quick Look at Alliance's Latest 18 Graduated Projects: Who is the Next Pump.fun?

Results of the ALL16 batch of the Alliance incubator revealed, focusing on four major tracks: stablecoin payments, AI applications, prediction markets, and RWA tokenization. 18 startups are leading the next wave of blockchain innovation.

Founder's "First Aid Guide": Well-Known Global Accelerator Programs to Apply for in 2026

Institutions offering accelerators include Y Combinator, a16z Speedrun, Sequoia Arc, etc.

Using AI to Play Weather Prediction, Earning $200 a Day Lying Down

Last Friday, Polymarket launched a prediction market for the day's highest temperature at Shanghai Pudong Airport. The editor built a prediction system over a weekend and made $200.

After Institutional Support and Price Rises, Re-examining the Real Value of Bittensor's 128 Subnets

Approximately 3600 TAO (about $960,000) is distributed daily across all subnets, with the top ten controlling about 56% of the share.

Prediction Market Practical Guide: How to Use OpenClaw to Connect to Polymarket and Hyperliquid

Step-by-step guide on using OpenClaw to connect to Hyperliquid and Polymarket, letting AI place orders for you.

Web3 Things

Re-examining RWA: Nearly 50,000 People's First On-Chain Transaction Was Not Bitcoin, But Trading Stock Indices and Crude Oil via Hyperliquid

RWA is not just about Trading and Holding; it is also spawning new downstream demand: on-chain stock options, on-chain stock lending markets...

Pump.fun Breaks into the Billion-Dollar Club, How Much Business is Left for the "MEME ATM" Now?

Pump.fun's cumulative revenue has exceeded $1 billion, firmly holding the top spot in the Solana MEME track. This article provides an in-depth analysis of the current state of leading platforms like Pump.fun and GMGN, revealing that the MEME market is accelerating towards concentration at the top, with an increasingly明显的 industry structure.

Hyperliquid "Invades" Wall Street: On-Chain Whale Playground, Facing Compliance Pressure Head-On

Hyperliquid is having its "breakout moment," with decentralized pricing power becoming a focus of discussion on Wall Street, and a large number of whale players are pouring in. But as on-chain trading volume continues to expand, the balance between decentralized innovation and compliance regulation is becoming an unavoidable challenge.

Wall Street Accelerates On-Chain: Nasdaq Approved for Tokenization Pilot, S&P 500 Makes First Official Entry

The SEC formally approved Nasdaq's pilot for tokenized stock trading, and the S&P 500 index was officially authorized to launch on Hyperliquid for the first time. Traditional financial giants are accelerating the push for asset on-chain, and the era of tokenized stocks is accelerating.

Metaverse Real Estate Victim's Account: My $1.2 Million is Now Only $6,400

The metaverse real estate bubble bursts. A digital real estate tycoon recounts his investment blood and tears. From a peak of $1.2 million to a residual value of $6,400, a deep analysis of the "diamond hands" mentality and NFT, virtual land investment traps.

Key News

  • Jupiter has launched Pre-IPO stock token trading functionality

  • Crypto exchange Gemini has laid off about 30% of its staff since the beginning of the year

  • Six nations issue joint statement: Prepared to take measures to ensure the security of the Strait of Hormuz

  • Animoca Brands has invested in AVAX tokens, planning to promote Avalanche's expansion in Asia and the Middle East

  • Bank of England kept rates unchanged at 3.75% as expected

  • Bank of Japan stood pat as expected

  • Fed maintains expectation for one rate cut in 2026

  • FTX to redistribute $2.2 billion to creditors starting March 31st

  • Fed announced keeping rates unchanged, in line with market expectations

  • Analysis: Strategy used preferred shares as its main financing tool to increase Bitcoin holdings for the first time last week

  • Hyperliquid HIP-3 market single-day open interest reached $1.43 billion, a record high

  • U.S. SEC and CFTC issue new cryptocurrency guidance, clarifying most digital assets are not securities

  • Iran has designated multiple replacements for key national positions, after the Secretary of the Supreme National Security Council was confirmed dead

  • DAO governance platform Tally to shut down operations, citing relaxed regulations reducing demand for decentralization

  • Sharplink: Staking rewards were 493 ETH last week, cumulative staking rewards reach 15,464 ETH

  • Analysis: For Strategy to hold 1 million Bitcoin by year-end, it needs to add about 6,158 coins weekly

  • Commerce Ministry responds to "US initiating 301 investigation against 16 economies including China": Already made representations to the US side

  • 315 Gala exposes AI large models "being poisoned", "brainwashing" AI has become an industry chain

Related Questions

QWhat was the significance of the new guidance issued by the SEC and CFTC regarding crypto assets?

AThe SEC and CFTC issued 68 pages of new guidance, clarifying that most crypto assets are not securities, providing a legal framework for mainstream assets like Bitcoin. This shift towards regulatory clarity is expected to eliminate compliance discounts and usher in a new era of certainty for the crypto industry.

QDespite new crypto regulations, why didn't the price of Bitcoin rise significantly according to the article's title?

AThe article's title suggests Bitcoin's price did not see a significant increase despite the new regulatory clarity, but the specific reasons for this lack of price movement are not detailed in the provided text.

QWhat is TAO and why is it still receiving significant attention as mentioned in the title?

ATAO is the native token of the Bittensor network. It is still receiving significant attention because a substantial amount of TAO (approximately 3,600 tokens worth about $960,000) is distributed daily across its 128 subnets, with the top ten subnets controlling about 56% of the share.

QWhat major development did Hyperliquid achieve as mentioned in the 'Key Information' section?

AHyperliquid's HIP-3 market reached a record high of $1.43 billion in single-day open interest.

QWhat new function did the Jupiter exchange launch according to the 'Key Information'?

AJupiter exchange launched a Pre-IPO stock token trading function.

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What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

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