PANews

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.

Author: Miles Deutscher, Crypto KOL
Translation: Felix, PANews
OpenClaw (formerly Clawdbot) is an open-source autonomous AI agent tool developed by Peter Steinberger. In early 2026, especially after the name was finalized, it quickly became popular and turned into one of the hottest projects in the global AI community. Behind the hype, it's worth considering whether OpenClaw is truly user-friendly and suitable for most people. Crypto KOL Miles Deutscher, after using OpenClaw for some time, believes that OpenClaw is not actually suitable for most users and recommends beginners start with other tools. Below are the details.
I know the title of this article is quite ironic, after all, a large part of my AI work

Written by: CoolFish
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> A company with 3,000 employees earns more than Citibank and Bank of America. It doesn't advertise, has no CEO, and doesn't sign non-compete agreements. Its name rarely appears in the news until it appears in the defendant's seat.
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On February 24, Terraform's liquidation party sued Todd Snyder for suing high-frequency trading giant Jane

Author: Changan, Biteye Content Team
A few days ago, many KOLs on X suddenly discovered that the badges symbolizing their partnership with Kalshi had disappeared from their accounts.
Prediction News reported on this incident, and soon a hilarious screenshot surfaced: Polymarket's official account quietly liked the report.
The business rivalry between Polymarket and Kalshi has been ongoing for a long time, and the prediction market is entering a true duopoly era.
On one side is the crypto-native Polymarket, and on the other is the compliant financial system's

Circle releases 2025 financial report, with the stock price rising 35% to $83. Allaire stated on CNBC that USDC accounts for 50% of stablecoin transactions, with on-chain transaction volume increasing 250% year-over-year. AI payments are a key growth area for USDC, surpassing the error correction capabilities of traditional financial systems.

Author: Yuan Hong, Global Times
On February 26, the China National Computer Virus Emergency Response Center and other departments jointly released the latest report showcasing how the United States leverages technological dominance to harvest global virtual currency assets. According to incomplete statistics, from 2022 to 2025, the U.S. has confiscated over $30 billion worth of global virtual currency assets through various cases, with the Chen Zhi case alone accounting for $15 billion, or 50% of the total.
On the 26th, the China National Computer Virus Emergency Response Center, the National Engineering Laboratory for Computer Virus Prevention and Control Technology, as well as 360 Digital Security Group and Ant Technology Group Co., Ltd., jointly published "The 'Number One Player'—An In-Depth Analysis of the U.S. Technological Hegemony and Global Virtual Currency Asset Harvesting Operations." The report, combining typical cases such as the Chen Zhi case and Zhao Changpeng case, explores the background of blockchain technology and security risks, systematically analyzing how the U.S. exploits technological dominance to harvest global assets.

Author: Frank, PANews
An on-chain transaction costing less than $0.10 can instantly wipe out market-making orders worth tens of thousands of dollars from Polymarket's order book. This is not just a theoretical scenario; it is happening in reality.
In February 2026, a user disclosed a new type of attack against Polymarket market makers on social media. Blogger BuBBliK described it as “elegant & brutal,” because the attacker only needs to pay less than $0.1 in Gas fees on the Polygon network to complete an attack cycle in about 50 seconds. The victims—market makers and automated trading bots that display real buy and sell orders on the order book—face multiple blows: forced removal of orders, passive exposure of positions, and even direct losses.
PANews reviewed a report about this attack.

Author: Cambrian Network
Translation: Deep Tide TechFlow
Deep Tide Introduction: This is the most comprehensive quarterly industry report on the integration of "AI Agent + Blockchain Infrastructure," published by Cambrian Network. The report not only provides a checklist but also analyzes the overall market evolution logic: from decision rule automation to LLM intelligence, from user key ownership to autonomous Agent execution, as well as the latest developments in key infrastructure standards like x402 payment standard, ERC-8004 identity protocol, and more. This report is essential for understanding the current landscape of the AgentFi sector and its trajectory toward 2026.
Full text below:
Since we published the previous issue of "Agentic" in December 2025

Author: Deep Thought Circle
Have you ever thought that the goals you desperately pursue might actually be the things preventing you from success? Promotions, salary increases, titles, social status—these seemingly natural milestones in life—may actually be trapping you in a carefully designed trap. Recently, I watched a video where Chamath Palihapitiya, an early Facebook executive and well-known investor, summarized his 30 years of business experience in 13 minutes. One sentence he said completely shocked me: "It took me 30 years to realize that all the goals I once desperately chased were foolish." This is not a cliché motivational quote, but a profound reflection from a billionaire after experiencing countless successes and failures.
Chamath's resume itself is legendary. He was a core member of Facebook's growth team and later became a venture...

Written by: Cosmic Wave Naruto, Deep Tide TechFlow
In February 2026, the tech stock market is experiencing a systemic crash that some media are calling "SaaSpocalypse" (the end of SaaS).
Salesforce's stock price has fallen nearly 40% from its peak in 2025; after the quarterly earnings report, ServiceNow's stock plummeted by over in a single day.

Tether achieved a net profit of $13 billion in 2024, becoming the world's most profitable stablecoin issuer. Through the "Stablecoin Floating Reserve Game," it invests customer funds in high-yield U.S. Treasury bonds while also holding gold and Bitcoin. Tether is restructuring traditional payment and financial models to improve efficiency and reduce costs, actively investing in Bitcoin mining farms and AI sectors. Its development indicates that the definition of currency is gradually shifting toward digital networks, challenging the traditional financial system.