PANews

PANews Editor's Note: PANews has selected a week's worth of high-quality content to help everyone identify gaps and improve over the weekend. Click on the title to read.
Macro Perspective
Why haven't rate cuts and balance sheet reductions seen substantial changes since Warsh took office?
It is expected that Warsh will not immediately implement the policies of rate cuts and balance sheet reduction upon taking office. Tight interbank liquidity limits the space for balance sheet reduction, and the interest rate path is constrained by employment and inflation data. His policy framework may lack flexibility and needs to balance the FOMC's stance with relations to Trump.
Gold crash, dollar rally—Is Warsh an enemy or a friend?
Markets are highly volatile due to Kevin Warsh potentially taking the helm at the Federal Reserve. His contradictory stance of supporting rate cuts while insisting on balance sheet reduction has triggered a sharp decline in gold and silver prices and a strengthening dollar. Investors are worried about liquidity tightening, and Wall Street shows clear divisions over his independence and policy influence.
The U.S. Senate Agriculture Committee passes the CLARITY Act

The Office of the Comptroller of the Currency has issued five national trust bank licenses, and crypto institutions like Circle and Ripple are officially transforming into federal-level banks. This marks a deep integration of crypto assets with traditional finance. The "banking" transformation will improve regulation of crypto assets, enhance settlement efficiency, promote the development of the stablecoin market, and could reshape the global financial landscape.

Author: Crypto Salad
On February 3rd, the tokenization platform for real-world assets Ondo Finance announced the launch of its "Ondo Global Listing" service, claiming it can bring U.S. stocks that are IPO'd to the blockchain in a "near real-time" manner, enabling trading on major blockchains on the first day of listing.
This move not only aims to eliminate the "IPO time lag" between Wall Street and the crypto world but also, with its over $2.5 billion in assets under management and a total trading volume of $9 billion, demonstrates its ambition to shift from "intermediaries" to "digital underwriters."
However, no matter how high-profile or revolutionary Ondo is, it remains a "downstream breakthrough" initiated by native crypto protocols. The true limit of the U.S. stock tokenization wave will still be determined by traditional infrastructure giants. On January 19, 2026, the New York Stock Exchange (N

This article discusses investment strategies during market crashes, emphasizing the importance of long-term holding and adding positions during downturns. The author shares their experience in the crypto market, highlighting the mindset and self-judgment skills needed to cope with market volatility. Investors are advised to stay confident in times of panic, bravely buy the dip to achieve long-term gains, and patiently wait for the market to recover.

The global decentralized prediction market platform Polymarket has launched a Simplified Chinese interface, sparking discussions about its business model and legal risks under Chinese law. The platform has a betting nature and may be deemed an illegal financial activity and online gambling, posing legal risks for participants. It is recommended that practitioners and users stay compliant and avoid crossing legal boundaries.

Author: David Ondrej
Translation: Deep Tide TechFlow
Introduction: Last Monday, Anthropic released a set of plugins for Claude Cowork. It’s not a new model, not an upgrade to the chatbot, but plugins. Within 24 hours, the software stock market value evaporated by $285 billion. A single-day announcement of a plugin marketplace wiped out more wealth than most industries produce in a year. Wall Street is no longer afraid of AI; they are afraid of what AI might replace.
David Ondrej points out that what is dying is a very specific type of software business—one built on a fragile moat of "beautiful UI + integration + per-seat charging."

Bitcoin is entering the corporate structure for the first time as a "contribution asset," with Tianruixiang Holdings exchanging 15,000 Bitcoins for equity, marking Bitcoin's redefinition of corporate capital. The Bitcoin Treasury Company is gradually taking shape, demonstrating its importance in the global capital markets.

Author: Hu Yong, Tencent News Big Think (Professor at Peking University School of Journalism and Communication)
Editor｜Su Yang
Moltbook, a social platform specifically designed for AI intelligent agents, has recently become very popular.
Some believe it marks the "very early stage of the Singularity" (Elon Musk), while others think it is merely "a website where humans play the role of AI agents, creating the illusion that AI has perception and social interaction capabilities" (Renowned tech journalist Mike Elgan).
Putting on an anthropologist's perspective, I took a stroll and browsed through posts written by intelligent agents themselves. Most of the content was meaningless AI-generated nonsense. But amidst the noise, there were also poems, philosophical reflections, cryptocurrencies, lottery games, and even discussions where intelligent agents attempted to form unions or even robot alliances. Overall, it felt like wandering through a dull, mediocre fair, with most of the goods being wholesale market items.

Author: CoinW Research Institute
Summary
With the development of applications such as DeFi, account abstraction, and AI Agents, on-chain authorization is evolving from one-time signature confirmations to a form of permission that can be effective long-term and reused repeatedly. At the same time, new changes are also occurring: AI Agents are beginning to have the ability to automatically request services and complete payments automatically. For example, the x402 protocol uses the HTTP 402 status code to enable Agents to make instant payments in stablecoins for resources and services without human intervention. This transforms on-chain actions from isolated transactions into continuous automated collaborative processes.
Against this backdrop, the issue of authorization is further amplified. The current authorization methods within the Web3 ecosystem remain vague and roughly expressed, often only addressing whether assets can be used, but struggling to specify what exactly is permitted to do.

The Wall Street market has recently shifted towards risk aversion, with popular assets such as technology stocks, gold, and cryptocurrencies experiencing a broad decline as investors begin to retreat due to overvalued assets. The market is uneasy about investments in AI technology and the future of Federal Reserve monetary policy, leading to a sharp drop in cryptocurrencies like Bitcoin. Overall sentiment is leaning towards defensive strategies, reflecting fear and uncertainty.

Author: Changan I Biteye Content Team
In Biteye's previous article, we introduced the basic arbitrage logic of prediction markets. (Read more: Dissecting Polymarket's Five Major Arbitrage Strategies: How Ordinary Players Can Capture Million-Dollar Opportunities?) For advanced traders, Polymarket's profit core is no longer just event prediction, but systematic arbitrage based on information transmission order, contract analysis boundaries, and probability mismatches.
While ordinary investors receive delayed information on social media, professional traders have already monitored raw data sources and completed the harvesting of pricing deviations before market consensus is reached.
This article by Biteye will deepen your understanding:
Information Transmission Order: Seize the first point of raw data to implement lightning-fast trading strategies similar to news equations
Top Trader Case Study: Dissecting million-dollar profit strategies

Charlie Munger emphasized in an interview that experiencing market fluctuations is normal in long-term investing, and the key is to stay calm. Facing major market shocks with composure is a necessary condition for becoming a successful shareholder. Excellent investors can maintain a philosopher's calmness amidst volatility; technical analysis is not the key to gaining an edge.