PANews

Podcast: a16z
Translation: Deep Thought Circle
If someone told you that the current AI boom is just another bubble, would you believe it? Skyrocketing valuations, influx of capital, everyone talking about AI—this indeed seems like history repeating itself. But after listening to Ben Horowitz's recent talk, my perspective completely changed. This co-founder of Andreessen Horowitz, with his 16 years of experience managing top venture capital firms and a deep understanding of the tech industry, provided a thought-provoking answer: this time is different. Not because the technology is so cool, but because the demand is unprecedentedly real.
I've been pondering a question: why can some investors consistently find great companies, while most can only rely on luck? In this talk, Ben revealed some perspectives I had never considered before. He discussed how to manage a team that is smarter than you.

The Sui blockchain recently experienced a nearly 6-hour network outage, freezing assets worth approximately $1 billion. This is the second major failure since its independent launch. The incident has sparked in-depth reflection on the relationship between the complexity and fragility of high-performance blockchains, while also highlighting that decentralization does not necessarily mean high availability. At the same time, the market's psychological threshold for technical outages has increased, with greater focus on long-term stability and the team's response capabilities. Moving forward, Sui needs to enhance engineering trust to ensure similar issues do not occur again.

Author: Stacy Muur
Translation: Felix, PANews
The original "Fat Protocol" theory suggested that the value of cryptocurrencies would disproportionately flow to the underlying blockchain rather than applications. This view is no longer valid.
By 2026, value will flow to "control points": interfaces that understand user intent, trading venues that internalize liquidity, issuers holding asset liabilities, and entities capable of tokenizing inefficient assets. Regardless of which chain ultimately wins, which application becomes popular, or which narrative dominates, these entities will be able to collect fees.
This ranking, based on metrics such as revenue, user count, ARPU (average revenue per user), market dominance, and capital efficiency, clearly shows where the true "fat" is in value today, why it has become "fat," and where the next wave of marginal value will flow.
1. "Fat" Wallet

Highlights of this Issue
The weekly coverage period for this issue spans from January 9, 2026, to January 16, 2026.
This week, the total on-chain RWA market cap steadily increased to $21.22 billion, with the number of holders surpassing 630,000. The growth is mainly driven by the expansion of the investor base; the total market cap of stablecoins remained relatively flat, but the monthly transfer volume surged by 45.63%, with a turnover rate reaching 27.3 times, highlighting that the market has entered a phase of “stock game deepening.” Institutional large-scale settlements and derivatives collateralization are driving high-speed circulation of existing funds, forming a unique pattern of “high liquidity, low growth.”
On the regulatory front, the US is experiencing a heated “internal war” over stablecoin yields. Coinbase is actively lobbying against restrictions but has been rebutted by executives from JPMorgan and Bank of America. The CLARITY Act has become a focal point of contention between traditional banks and crypto, with a hearing postponed to January 27; Dubai is tightening stablecoin regulations, while South Korea has approved securities-type tokens.

Mid-January 2026, the United States begins to withdraw some personnel from the Middle East, and the market remains cautious. Due to escalating geopolitical risks, the prices of gold and Bitcoin have risen, with Bitcoin performing particularly well amid panic expectations. The future market focus will be on the nature of the escalation of the conflict and its impact on liquidity, rather than simply whether military action occurs. Overall, the market is pricing in potential risks rather than merely reacting to individual events.

Compiled by: gonka.ai
Core Summary: As global capital floods into OpenAI, attempting to build algorithmic walls through centralized data centers, Silicon Valley's most legendary "visionaries" Liberman brothers (Daniil & David Liberman) have issued a warning. As serial entrepreneurs who sold their company for $64 million to Snapchat, they are now making a comeback with the decentralized AI computing network Gonka. They predict that the future Earth will usher in an era of 10 billion robots, and in the face of this productivity singularity, humanity must either reclaim computing sovereignty through decentralized technology or forever become digital tenant farmers for algorithm giants.
1. The Truth About the Productivity Singularity: Everyone's "Fourfold Speed" Clone
From the perspective of the Liberman brothers, AI is not a

Spot silver prices rise, impacting manufacturing costs, and market outlook for copper demand adjusts. Bitcoin's rebound faces resistance, Ethereum consolidates. Institutional funds continue to flow in, with two major ETFs experiencing net inflows. Market enthusiasm declines, retail investor interest remains low. Multiple token unlocks and new listings influence future trends.

Author: Cat Teacher scupt
YZi Labs (CZ related) + Hyperliquid collaboration, is it truly "secure" or just marketing? Let's analyze the evidence and risks one by one.
1) What does the project do? What problem does it solve?
One-sentence positioning: A private, non-signed on-chain trading terminal that provides professional DeFi users with unified access to cross-chain spot, perpetual, pre-issuance tokens, and yields.
Target users and pain points
Target users:
- High-frequency traders
- Narrative-driven speculators
- Whale wallet holders
- Advanced native DeFi users
- Institutional asset allocators
Core pain points:
- DeFi fragmentation: multiple clicks to trade, complex Gas management, frequent cross-chain wallet switching
- Lack of CEX-level experience: unable to achieve the speed, privacy, and aggregation capabilities of centralized exchanges, leading to trading

Looking back at 2025, Bitcoin reached a new all-time high of $126,000 after touching a low of $74,500. Trump's coin issuance sparked a celebrity Meme trend, and the narrative of AI and Crypto integration remained prominent throughout the year. Projects like Virtuals, Base, Pump, Monad, and Berachain garnered significant attention in 2025. Aster's airdrop unexpectedly boosted Perp

Sentient Releases Tokenomics: Community Activities and Airdrops Account for 44%
Open-source AI platform Sentient has released an overview of its tokenomics. The total supply of SENT tokens is 34,359,738,368. The initial distribution by percentage of total supply is as follows: community allocation accounts for 65.55% (including 44.0% for community activities and airdrops, 19.55% for ecosystem and R&D, and 2.0% for public sale), team accounts for 22.0%, and investors account for 12.45%. The community incentives and airdrops will be unlocked 30% at TGE, with the remaining 70% linearly released over 4 years. The early circulating supply mainly consists of allocations to the community, ecosystem, and public sale. The team and investor allocations will be unlocked later and gradually vested over several years. The annual emission rate is set at 2%, released into a dedicated community emission pool, which is part of a broader

Author: DAN KOE
Translation: randomarea
Introduction
Society makes you think that having a wide range of interests is a flaw.
Go to school.
Get a degree.
Find a job.
Retire at some point.
But this sequence of life has too many problems.
We no longer live in the industrial age. Betting everything on a single skill is almost like slow suicide. Today, we probably all realize: mechanical lifestyles and siloed learning are extremely dangerous to your mind and soul. People can also feel that we are experiencing a “Second Renaissance.” Your curiosity and desire to learn are advantages in the modern world — but there’s still a missing piece.
For a long time, I kept learning, learning, learning. I was trapped in “tutorial hell.” Some people might call it “shiny object syndrome.”

Author: danny
True liquidity is not about Uniswap/order book depth, nor is it about digital balances within wallets, but the ability to instantly and losslessly transfer purchasing power from point A to point B in the world without the permission of the SWIFT system.
In the world of Web3, we are accustomed to talking about TPS and scaling solutions. But off-chain, in that gray area forgotten by the SWIFT system, the true "scaling" was completed a hundred years ago. This article peels back the glamorous algorithmic exterior of DeFi and turns its gaze to the real backbone supporting the global circulation of crypto assets—the final settlement layer composed of kinship, clans, and underground contracts.
This article will discuss how the ancient network known as "Qiaopi" parasitized, devoured, and ultimately formed the real Layer 0 of modern crypto finance.
Who would have thought that this shadow liquidity, spanning thousands of years,

Author: Huobi Growth Academy|
Summary
As institutional funds continue to increase their share in the crypto market, privacy is shifting from a marginalized anonymous demand to a critical infrastructural capability for integrating blockchain into the real financial system. Blockchain's transparency and openness have long been regarded as its core value proposition, but as institutional participation becomes the dominant force, this feature reveals structural limitations. For enterprises and financial institutions, full exposure of transaction relationships, position structures, and strategic rhythms inherently poses significant business risks. Privacy is thus no longer an ideological choice but a necessary condition for blockchain to achieve scaled and institutionalized applications. The competition in the privacy track is also shifting from "anonymity strength" to "system compatibility capability."
1. The Institutional Ceiling of Fully Anonymous Privacy: Advantages and Dilemmas of the Monero Model
Represented by Monero, the fully anonymous privacy model constitutes the earliest...

MegaETH ecosystem project Noise recently completed $7.1 million in funding but chose to shift to Base, drawing market attention. Noise aims to capture trends and provide quantitative trading tools. Although diverging from MegaETH brings risks, the more stable user base of Base may help its development. This event highlights the retention challenges faced by MegaETH, losing core projects again after GTE, but also demonstrating its incubation strength.

As 2026 approaches, fiscal and monetary policies are clearly boosting risk appetite, with investment opportunities in artificial intelligence, gold, India, and cryptocurrencies significantly increasing. Although AI stocks became more attractive after a correction in 2025, gold continues to serve as an important monetary asset, and the yields and valuations of commercial development companies have also improved. While the short-term trend of cryptocurrencies is complex, they have upward potential in the long run.

Author: FinTax
Introduction
By 2026, global tax information exchange will enter the CRS2.0 era. In response to the rapid development of asset forms in the digital economy, the Organisation for Economic Co-operation and Development (OECD) officially released the revised Common Reporting Standard (CRS2.0) in 2023. Compared to version 1.0, CRS2.0 enhances due diligence procedures, strengthens tax identity verification requirements, and formally includes digital assets such as central bank digital currencies and specific electronic money products into the reporting scope, filling regulatory gaps in the digital financial era and further promoting international tax transparency.
Currently, multiple jurisdictions have designated 2026 as a key milestone for the implementation of CRS2.0 and are advancing local legislation and updating supporting measures. Among them, the British Virgin Islands and the Cayman Islands will be the first to implement C

Written by: imToken
The term "Impossible Triangle," have you heard it so many times that your ears are numb?
In the first decade since the birth of Ethereum, the "Impossible Triangle" has been like a physical law hanging over every developer's head—you can choose any two among decentralization, security, and scalability, but never all three.
However, looking back from the beginning of 2026, we find that it seems to be gradually transforming into a "design threshold" that can be crossed through technological evolution, as the disruptive view pointed out by Vitalik Buterin on January 8: "Compared to reducing latency, increasing bandwidth is safer and more reliable. With PeerDAS and ZKP, Ethereum scalability can be increased by thousands of times, and this does not conflict with decentralization."
So, the "Impossible Triangle," once considered insurmountable, as of 2026, really has the potential to be overcome with the advancement of technology.