PANews

The article discusses how quick actions in response to problems can lead to misconceptions and emphasizes the importance of thinking before acting. By engaging in conversations with AI, individuals can identify their own strengths and establish an effective execution system framework. Reflection and summarization help to extract applicable decision-making models to enhance market responsiveness. Ultimately, understanding oneself and leveraging personal strengths are key to success.

Author: fiyalkin, Crypto KOL
Compiled by: Felix, PANews
Recently, crypto KOL fiyalkin summarized a list of Perp DEX projects that may conduct token issuance in 2026, including brief introductions, key data, and more. These projects are all in the early stages of development and have not yet issued tokens. Below are the details.
1. Variational
Variational is a decentralized peer-to-peer (P2P) derivatives trading protocol built on Arbitrum, focusing on on-chain trading, settlement, and clearing of broad derivatives such as perpetual contracts, options, and futures.
Based on the Variational protocol, several applications have been developed, including those for simple perpetual contract trading.

The privacy track will become the core of the crypto industry by 2026, as technological advancements enable privacy needs to coexist with compliance. ZEC performs strongly, indicating that privacy is no longer a pseudo-demand. It is recommended to pay attention to Zama, Anoma, and Boundless to address the evolution of privacy protection and market demand, forming a complete technological ecosystem and promoting the development of privacy projects.

NVIDIA CEO Jensen Huang, in a conversation with Lenovo CEO Yang Yuanqing, pointed out that generative AI has completed its evolution from text to multimodal. Future "agent-based AI" will possess reasoning and problem-solving capabilities, driving AI into the foundational productivity systems across various industries. This evolution will integrate public cloud and enterprise models to achieve truly scalable enterprise AI.

Last week, there were a total of 4 investment and financing events in the global blockchain industry, with a total scale of over $42.6 million. DeFi platform Haven raised $30 million, AIAV, which combines AI and Web3, raised $4 million, and SocialGood Inc. received $5.63 million. MMA announced the completion of a $3 million private placement, planning to build a Web3 platform.

Author: a16z
Translation: Deep潮 TechFlow
a16z (Andreessen Horowitz) recently released its list of "big ideas" that may emerge in the technology sector by 2026. These ideas are from its Apps, American Dynamism, Biotechnology, Cryptocurrency, Growth, Infrastructure, and Speedrun.

Boris Cherny, Claude Code Developer
Compilation & Editing: XiaoHu AI
You may have heard of Claude Code, or even used it to write some code or edit documents. But have you ever wondered: if AI is not just a "temporary tool," but a formal member of your development process, or even an automated collaboration system—how would it change the way you work?
As the father of Claude Code, Boris Cherny wrote a very detailed tweet sharing how he efficiently uses this tool, and how he and his team deeply integrate Claude into the entire engineering workflow in practical work.
This article will systematically organize and interpret his experience in a simple way.
How does Boris make AI an automated partner in his workflow?

Author: Azuma, Odaily Planet Daily
In the past two days, there has been a lot of discussion on X about the formula Yes + No = 1 in prediction markets. The origin can be traced back to a detailed analysis of Polymarket's shared order book mechanism written by the influential DFarm (@DFarm\_club), which resonated emotionally with the community about the power of mathematics — the original article titled "A Comprehensive Explanation of Polymarket: Why Must YES + NO Equal 1?" is highly recommended.
In subsequent discussions, several influential figures, including Blue Fox (@lanhubiji), mentioned that Yes + No = 1 is another minimalist yet powerful formula innovation following x \ y = k, with the potential to unlock a trillion-dollar-scale information flow trading market. I fully agree with this, but

Writing by: Xiao Bing | Deep Tide TechFlow
On January 3, 2026, the US military launched a "large-scale" attack on Venezuela, and President Maduro was swiftly arrested and transferred.
Someone commented, "The one who issued a Memecoin has been arrested, while the issuer of RWA Token remains free."
Indeed, this is the case.
On February 20, 2018, Venezuelan President Maduro announced the issuance of the world's first sovereign-backed digital currency, Petro, during a televised speech.
At that time, Venezuela was in the midst of its most severe economic crisis in history, with inflation soaring to nearly 1,000,000% (you read that right), and the national currency, the Bolivar, was depreciating like worthless paper. US sanctions further worsened the situation for this South American oil-rich country.
Maduro hoped that this digital currency could be the last straw to save the nation.

Author: danny





As cryptocurrency policies become clearer, mainstream capital is entering the crypto market in large quantities. As industry leaders, Binance and BNB's valuation logic has undergone a structural transformation. BNB is no longer just a simple functional token for exchanges but has matured into a complex, multi-dimensional, composite asset that requires a multi-faceted valuation framework.
This article proposes a "Three-Phase Growth Model" to assess its fair market value. The model isolates and analyzes three unique but interconnected economic engines: the Exchange Curve (driven by implicit dividends and structural deflation), the Public Chain Curve (driven by on-chain commodity demand, liquidity, and staking), and the emerging Digital Asset Treasury (DAT) Curve (driven by institutional capital access and arbitrage).
Regardless of bullish or bearish sentiment, this article aims to discuss the valuation of this multi-dimensional, composite cryptocurrency.

By 2025, public blockchains may no longer be the sexy track of grand narratives, because what users truly care about is no longer throughput, the size of funding rounds, or the豪华 backing behind them, but whether there are real users experiencing genuine growth. Are there on-chain transactions with real value? Are there developers who can stay long-term, and applications that can grow beyond the circle? During this year, some public chains have transitioned from "being discussed" to "being used," some have chosen to slow down and refine their underlying capabilities, and others have validated their long-term paths through market fluctuations.
"2025 OKX Public Chain Friends" is not a review of a grand narrative, but an invitation for frontline participants to clarify what has truly been achieved this year, which judgments have been proven correct, and where further adjustments are needed—because these are the core issues that communities and users care about most. By 2025, OKX's collaborations with multiple public chains will no longer be limited to single instances.

Author: Frank, PANews
Recently, the popularity of prediction markets has continued to rise, especially with smart money's arbitrage strategies being regarded as the gold standard. Many have begun to imitate and experiment, as if a new wave of gold rush has started.
But behind the hype, how effective are these seemingly clever and reasonable strategies? How exactly are they executed? PANews conducted an in-depth analysis of 27,000 transactions by the top ten profit-making whales on Polymarket in December to uncover the true nature of their profits.
After analysis, PANews found that although many of these "smart money" operations employed hedging arbitrage strategies, this hedging differs significantly from the simple hedging described on social media. The actual strategies are more complex, involving not just straightforward "yes" or "no" combinations, but rather utilizing rules like "over/under" and "win/lose" in sports events to perform combined hedging.

Author: Frank, PANews
In the cyclical ups and downs of cryptocurrencies, the standard for measuring an exchange's scale is often not its expansion speed during smooth sailing, but how stable it remains in the face of headwinds. Bybit's performance in 2025 not only exemplifies this resilience but also unexpectedly staged a "countertrend comeback."
On December 22, Bybit's 24-hour spot trading volume exceeded $9 billion, surpassing Binance to top the market share in crypto spot trading volume. Observing its recent trading volume curve, one can see a explosive growth trend: starting from $2.2 billion on December 16, it took only a week to peak above $9 billion on December 22, with a weekly increase of over 4 times.
This performance is not a coincidence but a demonstration of the resilience dividend released by Bybit after undergoing extreme stress testing. For Bybit

Abu Dhabi Investment Authority has allocated approximately $520 million in Bitcoin assets, demonstrating its long-term investment strategy and commitment to asset diversification. This move is seen as Middle Eastern sovereign capital's participation in crypto assets, while also providing additional support and credibility to the market.

The 2025 cryptocurrency market experienced rapid shifts in narratives, with some short-lived narratives failing to develop into long-term applications. However, important trends that drive industry development also emerged, such as increased emphasis on privacy needs and the demonstration of real-world application scenarios, indicating that the foundation of market participation is continuously expanding.