PANews Editor's Note: PANews has curated a selection of high-quality content from the week to help you catch up over the weekend. Click the titles to read.
2025 Review and 2026 Outlook
a16z Predicts 2026, Announces Four Major Trends First
a16z's four investment teams provided key insights for 2026 from the perspectives of infrastructure, growth, healthcare, and the interactive world.
Seven Future Trends for 2026: From Appchain Revival to AI-Driven Crypto Networks
From the revival of appchains to AI-driven crypto networks, we are about to step into a more mature crypto world.
Bitwise CIO: The 2026 Crypto Market Will Be Strong, But the Driving Forces Have Changed
We are now just at the entrance of the next major growth cycle.
4 Key Themes, Sounding the 2025 Crypto Seasons
"Trump Effect", DAT, Stock Tokenization, "TACO" Trading, accompanied a year of crypto mainstreaming.
For more related content, visit the special topic—Through a Glass Darkly: 2025 Review and 2026 Outlook
Macro Perspective
Dialogue with Cycle Research Expert: Bitcoin is Finding a Bottom, Entering the Seasonally Most Bullish Period of the Year
Bitcoin is bottoming, gold will range-trade, the dollar may rebound. The "everything bubble" may burst in 2026, with the MOVE index being a key warning signal.
"A Cornered Beast's Fight": Crypto Treasury Companies Are Losing Their Ability to Buy the Dip
Behind the collective silence is not simply because "ammunition" was exhausted at highs or panic set in, but because the financing mechanisms highly reliant on premiums have experienced a systemic paralysis of "having money but being unable to use it" during the downtrend.
Why Might the Crypto Market Bottom Already Be Behind Us?
The real reason for the cryptocurrency crash in December.
Fed Cuts Rates Again: Internal Divisions Highlighted, Three Dissenting Votes a Rare Sight in Six Years
This decision further highlights unusual internal divisions within the Fed, marking the first instance of three dissenting votes since 2019.
Munger's "Error List": Bitcoin is Crap,马云 (Jack Ma) Too Arrogant,马斯克 (Musk) Quite Crazy
Charlie Munger had opinions on Bitcoin and Musk. Looking back today, some might be right, some wrong, and some of his reflections on errors might not be correct either (e.g., his failed investment in Alibaba, attributing the failure to it being a damn retailer).
AI Boom
Led by Pantera, Followed by Coinbase Ventures, What's So Special About Surf AI?
Cyber co-founder starts a new venture.
x402 V2 is Here, What Are the Major Upgrades in the New Protocol?
x402 V2 supports multi-chain by default and is compatible with traditional payment channels.
OpenMind Partners with Circle, Enabling Robots to Use x402 Protocol for Thousands of Real-Time Payments Per Second
The x402 protocol, as a major narrative for AI Agent payments, has become a hotly contested prize.
The True Holy Grail of DeAI: Talus's "Fully On-Chain" Solution
Talus has found a viable path through the trilemma of the DeAI赛道 (DeAI track), somewhat filling the gap in decentralized AI infra, but the road to decentralizing AI Agents remains long.
Seizing Opportunities
Market Turns Bearish, Listing 7 Recent Hot New Listings (打新项目)
Includes participation guide and details.
Amid Global Easing Expectations, ETH Has Entered the Value "Sweet Spot" (击球区)
Amid relatively loose expectations from China and the US, scenarios suppressing downside volatility of assets, and extreme panic where capital and sentiment haven't fully recovered, ETH is still in a good buying "sweet spot".
High-Leverage Stablecoin Arbitrage Tool?详解 (Detailed Analysis of) Fluid's 39x Leverage Strategy and the Double-Edged Nature of Its "Low Liquidation Penalty"
Fluid is an interesting, hard-to-understand, highly controversial DeFi protocol.
Market "Discount Season", What Are the Whales Accumulating?
During Bitcoin's consolidation period, whales are quietly accumulating XRP, ADA, UNI, AAVE, etc., positioning in payments, Layer 1, DeFi, Meme, AI, and storage sectors, seizing the pullback window for early accumulation.
Web3 Stories
"Tether's Favorite Son" Had a Rocky Start, Can Stable Stage a Comeback Story?
The Tether-supported stablecoin公链 (public chain) Stable saw its token price plummet over 60% after launch, mired in a rat trading trust crisis. While it optimizes payment experience with USDT for Gas fees, its token economic model and fierce competition cast doubt on its prospects.
Brazil, the Top Player in Latin America's Crypto Market, an Underestimated "Top Student" (优等生)
As a top-ten global economy with a unique geographical location, Brazil is also trying to extend its强国梦 (dream of being a powerful nation) into the cryptocurrency world, becoming the main battlefield for digital asset experiments in Latin America.
UAE, the Crypto Giants' "New Switzerland"
From crypto payments随处可见 (seen everywhere) on the streets, to national sovereign wealth funds亲自下场 (personally entering the fray), to clear and transparent regulatory frameworks, the UAE has rapidly ascended as a crypto hub connecting East and West. Particularly Abu Dhabi, with recent gatherings of crypto giants like Binance, Tether, Circle, Ripple, this bustling city is becoming a new global crypto stronghold.
Hyperliquid Whale Chronicles: Some Turned Their Fortunes Overnight, Some Died by Their Convictions
Delving into on-chain data, these whales exhibit diverse styles: some are "contrarian indicators" with heavy capital but repeated failures, some are "snipers"潜伏 (lurking) for half a year for a single decisive strike, and others are "cold-blooded machines" harvesting retail users with algorithms every second.
Aevo Co-founder: I Wasted 8 Years in the Crypto Industry
Aevo联合创始人 (Co-founder) Ken Chan posted reflections, saying he wasted 8 years of youth in the crypto industry, believes the industry has devolved into the largest casino in human history, betraying the original intent of decentralized finance, revealing issues of lost faith and collapsed values.
120 Seconds to Change Trading Perception: Why Is Intraday Short-Term Trading Just Gambling for Retail Investors?
Making money in trading, many think isn't that hard; what's truly difficult is how to hold onto the money you've made.
The World Beyond SWIFT: Russia and the Crypto's Clandestine Economy
If you measure by mining, on-chain transaction volume, stablecoin inflows, trade settlement reliance, Russia is a crypto power center the world cannot ignore.
The World Beyond SWIFT (Part II): Moscow's Underground Ledger
In this network, USDT is the blood, PSB's ruble deposits are the skeleton, Garantex / Cryptex are the capillaries, and A7A5 is a newly grown heart valve—its existence is to keep this circulation beating outside of SWIFT.
Montenegro Crypto Investigation: Street OTC Thriving in a Regulatory Vacuum
Cryptocurrency trading in Montenegro is in a "gray area" due to regulatory gaps, with cash transactions conducted via Telegram groups and intermediaries, annual transaction volume reaching millions of euros, involving money laundering risks. Legislative processes have started but progress is slow.
From Finney to Saga to Xiaomi, Web3 Phones March Toward an "Experience-Driven" Mass Era
After years of niche experiments, are Web3 phones really ready to enter the mainstream public's view?
USDT Rating Storm: S&P's "Stability Ruler", Tether's "Market Debate", and the Transformation into a "Shadow Central Bank"
ME, in conjunction with CoinFound, analyzes the USDT rating storm from event review, historical structural changes to market trends.
Key News
Changpeng Zhao: Crypto Market May Enter a "Super Cycle", Bitcoin's "Four-Year Cycle" May No Longer Apply
Bloomberg Analyst: BTC Could End Year Below $84,000, "Santa Claus Rally" Might Not Appear
Binance: Confirmed Employee Abused Position for Personal Gain, Has Been Suspended and Legal Liability Will Be Pursued
Bitget Wallet Former Founder Reveals Bitget Wallet is Raising Funds at a $2 Billion Valuation
He Yi: Personally Will Compensate Users Who Suffered Losses Due to WeChat Theft with BNB Airdrops
Binance Announces Global Operations Move to Abu Dhabi Global Market, Has Received Full Regulatory Authorization Locally
Strategy Submits Formal Objection to MSCI's Proposal to Exclude "Digital Asset Financial Companies"
Tom Lee: Ethereum Has Bottomed, So BitMine is Actively Buying
Keel Launches $500 Million Plan to Promote RWA Development on Solana
HASHKEY Discloses IPO Details: Plans to Raise Up to HK$1.67 Billion, Expected to List on December 17
Circle to Launch USDCx Stablecoin Supporting "Bank-Grade Privacy", Deployed on Aleo Blockchain
US SEC Chair: Entire US Financial Market Could Be On-Chain Within Two Years
Fed Cuts Rates by 25 Basis Points, Expects Only One Rate Cut in 2026
