PANews

Author: Kaff
Compiled by: Yuliya, PANews
TL;DR
Bittensor is composed of 128 independent subnets, each functioning like a startup with its own token (Alpha), revenue model, and team.
There are two ways to earn money: TAO emissions (protocol subsidies based on staking inflows) and Alpha token P&L (capital gains derived from subnet performance).
Since Taoflow in November 2025, subnets with negative net staking inflows will receive zero emissions, and will either go live or be phased out.
Approximately 3,600 TAO (~$960,000) is distributed daily across all subnets, with the top ten controlling about 56% of the total share.

In 2025, China's DeepSeek-R1 model launched and quickly attracted global attention, driving a decline in AI stocks. In 2026, Bittensor successfully released Covenant-72B, becoming the largest decentralized large language model. The model broke through the bottlenecks of decentralized training, demonstrated commercial competitiveness, and garnered widespread market attention, marking a new future for decentralized AI.

@RayDalio
Compiled by: Big Pliers | PANews Lobster
Comparing what is happening now with similar situations in history, and cross-referencing with wise, well-informed leaders and experts, has always helped me make better decisions. I have found that most wars are filled with great disagreements about outcomes and unexpected variables. However, in this Iran war, one thing is evident, and nearly everyone reaches consensus: everything ultimately depends on who controls the Strait of Hormuz. Whether it is government leaders of various countries, geopolitical experts, or people around the world, they all tell me: if Iran still retains control over passage through the Strait of Hormuz, or even merely retains it as a negotiating chip, then:
1. The United States will be determined to have lost this war, and Iran will be determined to be the winner.
Because Iran, using the Strait of Hormuz as a weapon, will have clearly demonstrated that the United States has no capability to

Author: Frank, PANews
On March 8, Pump.fun's cumulative revenue exceeded $1 billion, making it the first platform on Solana to reach this milestone and firmly establishing itself as the most prominent money-printing machine in the MEME sector. However, as the hype subsides, the question is no longer "who earns the most," but rather how much business these MEME-originating platforms still have left.
Looking at leading ecosystem projects such as Pump.fun, GMGN, Four.meme, Axiom, as well as Photon, BullX, and BONK, the answer is becoming increasingly clear: MEME has not disappeared; instead, business is becoming more concentrated at the top, with the differentiation between chains and platforms becoming more pronounced.
Pump.fun: The "absolute oligopolist" spanning bull and bear markets, with hundreds of millions in profit yet struggling to consolidate gains.

Huang's GTC speech was sensational again. He said that in the future, engineers will receive not only a base salary, but companies will also provide an additional Token budget equal to half their salary, allowing each person's efficiency to be multiplied by 10 times. The new recruitment question in Silicon Valley will become — "How many Token allocations come with this job"
The global enterprise is experiencing an AI agent renaissance transitioning from 2 trillion to tens of trillions in value. Are you ready?

⬅️ Two months ago: CES Conference
Jensen Huang brought the "WALL-E" robot
Can't talk, but already amazing
➡️ Two months later: GTC Conference
Jensen Huang brought the robot version of "Olaf"
Can walk · Can think · Can talk · Can even talk back to Huang himself 😂
NVIDIA × Disney × DeepMind, Physical AI + Omniverse training, bringing classic IP characters into the real world.
This is the speed of AI development—measured not in years, but in months!

Author: CryptoPunk
Many crypto traders have experienced the same disappointment: strategies that appear stable and profitable in backtests quickly see their returns shrink when actually deployed, sometimes turning from profit into loss. The issue is often not "misjudging the direction," but underestimating trading costs, especially slippage.
In crypto markets where bull and bear phases switch more rapidly, volatility is more intense, and order books are more fragmented, slippage is not a trivial decimal point—it is the real threshold that determines whether a strategy can survive. A deviation of just 2 or 3 basis points can, in high-turnover strategies, completely wipe out the theoretical alpha.
Based on long-term backtests of BTC/USDT and ETH/USDT, this article aims to answer a very practical question: to what extent does slippage erode strategy returns, and which strategies are most likely to be killed by slippage?
1. Introduction: Why Slippage

Source: Wall Street Journal
On March 16, 2026, NVIDIA's GTC 2026 conference officially opened, with NVIDIA founder and CEO Jensen Huang delivering the keynote address.
At the conference, regarded as the "annual pilgrimage of the AI industry," Huang outlined NVIDIA's transformation from a "chip company" to an "AI infrastructure and factory company." Addressing the market's most pressing concerns about sustained performance and growth potential, Huang detailed the underlying business logic driving future growth — "Token Factory Economics."
Guidance is extremely bullish, "At least $1 trillion in demand from 2027 onwards"
Over the past two years, global AI compute demand has exploded exponentially. As large language models have evolved from "perception" and "generation" to "reasoning" and "action (task execution)," computational consumption has surged dramatically. Regarding orders and revenue that the market is highly focused on...

Hyperliquid, as a leading Perp DEX, is rapidly rising and attracting whale players, with massive trading volume and users exceeding 1.729 million. However, facing the rapid development of on-chain finance, compliance and regulatory challenges are becoming increasingly prominent. Hyperliquid has established a policy center to address these issues and seek legitimate status in mainstream finance.

Author: RWA Institute
In March 2026, a set of data drew widespread attention in the digital asset industry. According to data from RWA.xyz, as of March 8, the total on-chain value of tokenized real-world assets (RWA), excluding stablecoins, exceeded $25 billion. This represents nearly a fourfold increase from approximately $6.4 billion a year earlier, with a year-over-year growth of 289%.
Almost simultaneously, a series of moves by traditional financial giants came to light. BlackRock expanded its tokenized fund BUIDL to five public blockchains: Aptos, Arbitrum, Avalanche, Optimism, and Polygon, making it the largest publicly traded blockchain-based money market fund. JPMorgan Chase renamed its blockchain division Onyx to Kinexys, marking a formal transition for this leading global financial institution from "exploring blockchain" to a more advanced stage.

On March 12, an anonymous investor attempted to purchase AAVE on the Aave protocol using $50.43 million USDT but received only approximately $36,000 in tokens due to extreme slippage, resulting in a loss of nearly $50 million. The incident quickly sparked widespread discussion, raising controversies surrounding user responsibility and protocol design. Experts recommended preventing slippage risks through methods such as batch trading and limit orders. Meanwhile, MEV bots profited from the situation, triggering discussions about DeFi fairness. This incident serves as a reminder for users to carefully review warnings before trading to avoid repeating such mistakes.

The article discusses issues with RWA (Real World Assets) projects, arguing that many projects fail to understand the essence of tokens, resulting in continuous price declines. The author points out that relying solely on token subsidies cannot attract users. Instead, projects should focus on finding high-quality RWA assets, such as those with high APY, strong market recognition, and stability, to support token value and achieve a positive feedback loop.

Author: Coingecko
Compiled by: Felix, PANews
Following a turbulent end to 2025, Bitcoin continued to fluctuate downward in early 2026. Meanwhile, geopolitical and macroeconomic events have driven the rise in gold, silver, and recently crude oil prices. As cryptocurrencies continue to be adopted by the mainstream as an asset class, many Wall Street investors may be experiencing their first crypto bear market. Coingecko examined how cryptocurrencies performed relative to other traditional asset classes at the beginning of 2026.
With the outbreak of the Iran war, crude oil prices have surged faster than all other asset classes since early 2026.
Since the start of 2026, crude oil prices have been gradually increasing due to escalating tensions in the Middle East and critical shortages in market supply. However, as the United States and Israel launched operations on February 28,

# Author: Michel Athayde, Bitget Wallet BD Ambassador
## Abstract
In traditional financial markets, long-term purchases of deep out-of-the-money (OTM) puts are often viewed as a classic "black swan insurance" strategy: consistently losing premium in normal times, but breaking even or making significant profits in a single event when extreme risks occur. The question is: does this logic still hold in the crypto market with higher volatility and more frequent crashes?
The backtesting results presented in this report provide a nuanced answer. Based on historical data from 2018-01-01 to 2026-03-14, we conducted an analysis of

NVIDIA GTC 2026 conference will be held in San Jose, California in March 2026, focusing on core technology topics in artificial intelligence, including Agentic AI, AI Factories, Physical AI, and AI Inference, showcasing AI applications in industries such as healthcare and finance. The conference will impact the technology industry and capital markets, establishing itself as an important bellwether for the AI sector.