PANews

This article discusses the legal regulations requiring Chinese tax residents to report and pay taxes on income obtained through cryptocurrency transactions. Regardless of the transaction method, crypto gains are considered "property transfer income" and are subject to a 20% personal income tax rate. Anonymous transactions also carry the risk of being traced; failure to report may result in back taxes and fines. Investors are advised to proactively organize their transaction records, report promptly, and retain proof to avoid legal risks. Voluntary compliance and reporting are important measures to protect one's credit and assets.

Author: Avichal Garg, Curtis Spencer, Ken Deeter, Maria Shen, Ren
Translation: Deep Tide TechFlow
Introduction: The investment blueprint for 2026 released by Electric Capital marks a turning point where "user sovereignty" moves from concept to large-scale implementation.
The author profoundly points out that, against the backdrop of institutional trust collapsing globally and the concentration of AI power, cryptography is not only a financial tool but also a core infrastructure for defending individual sovereignty. From private AI agents that can run on local desktops to stablecoin finance that enables 4 billion people to access dollar yields, the article outlines 6 major areas with a total of 26

Today's News Highlights:
David Sacks: Banks and the crypto industry will eventually merge into a single "digital asset industry"
Bloomberg: Wall Street institutions are withdrawing from Bitcoin "buy-and-sell arbitrage" trading
Space responds to community questions about fundraising limits and refund transparency, deciding to refund $7.3 million in excess funds
$FIGHT will fully refund ICO participants and simultaneously airdrop tokens
David Sacks: Banks and the crypto industry will eventually merge into a single "digital asset industry"
Vitalik proposes the "Native DVT Staking" plan to enhance Ethereum's security and decentralization
"Insider Whale 1011" agent: The increase in institutional participation did not end the crypto bull market but shifted from speculation to allocation structure
Zhao Changpeng's Davos speech: Some reserve system models are the root cause of banking liquidity crises, and the demand for physical banks will in the next decade

Author: 137Labs
Robots are transitioning from closed systems to on-chain economic entities. As AI, automation, and Web3 infrastructure mature, robots are beginning to possess identity, incentive, and settlement capabilities, enabling participation in real-world production and collaboration. This article systematically reviews the development background of the Web3 Robots track and highlights representative projects such as OpenMind, Konnex, peaq, Virtuals, Geodnet, XMAQUINA, covering robot operating systems, decentralized physical labor markets, machine economy Layer1, AI agent tokenization, and DePIN infrastructure, helping readers quickly understand the current state, participation methods, and potential opportunities of this emerging track.
Robots, once only appearing in science fiction novels, are now becoming

Written by: DaiDai, Maitong MSX Maidian
Netflix (NFLX.M) Q4 2025 financial report presents a highly fragmented narrative.
It is worth noting that, driven by the phenomenal series "Stranger Things" final season, Netflix delivered an almost impeccable performance this quarter: revenue increased by 18% year-over-year to $12 billion, global paid memberships surpassed 325 million, and free cash flow (FCF) for the quarter reached 19

In AI investment, Tom Lee pointed out that in the next ten years, no more than 10% of AI companies may succeed, similar to the internet bubble era. Although over 90% of companies may fail, a few top winners can generate significant excess returns. Therefore, it is recommended to build an "index-like portfolio" covering the entire AI ecosystem rather than investing in a single company.

Author: ARK Invest
Translation: Felix, PANews (This article has been edited)
ARK Invest publishes its flagship research report, "Big Ideas," every year. The report filters out short-term disturbances and aims to identify and interpret technologies that are reshaping the global economy. In this year's report, ARK explores a wide range of topics.

Author: Uncle Zuo
Out of money, I can only keep your attention
At 6 PM, I end the broadcast, change into OK's clothes, and head out to drink a few beers during Binance's big liquidation.
In the Meme counter's crazy Perp marketplace, earning some rebates by using mom KYC.
The big show of 2026 begins, witnessing the collapse of the exchange's skyscraper, unlike previous direct explosions such as major liquidations or triggering public opinion, now the public no longer focuses on the exchange, reflected in Binance Square and OKX Planet's inability to attract new users.
When even the inspiring stories of beautiful female dealers go unnoticed, the exchange has to come out and shout, "Look at the kids, you get to watch for free and even get paid!"
This article commemorates the first anniversary of Chuanbao's ascension, a presidential-level stunt that gives us full emotional value.
Lie back and wait for the money
If you don't explode in silence, you'll perish in silence.
In 2025, the exchange did nothing wrong, embracing Per

Since Q4 2025, on-chain activity on Avalanche has rebounded, with frequent institutional trading, especially Galaxy Digital successfully issuing a $75 million debt tokenized loan on its platform. Avalanche attracts financial institutions through its high-performance public chain and dedicated services, facilitating asset onboarding. Despite the increase in on-chain activity, token value remains under market pressure, with AVAX prices remaining subdued. To promote ecosystem development, Avalanche launched a $1 million developer contest and increased investment in infrastructure development, looking ahead to 2026.

CoinFound's "Annual Report" analyzes the trend of integration between TradFi and Crypto, predicting 2025 as the critical point of convergence and 2026 as the acceleration period for programmable finance. The report mentions important macro trends such as the fiat trust crisis, the rise of AI and on-chain assets, and the transparent transformation of private credit. It is expected that the RWA market will explode in 2026, with increased liquidity and risk management becoming key. The overall outlook is that TradeFi and Crypto will merge in the "On-chain Finance" movement.

Author: Kanjian Finance
The arrival of a new cycle in non-ferrous metals has made the gold sector the biggest winner.
As the largest company by market capitalization in the A-share gold sector, Zijin Mining has also become one of the ultimate winners.
On January 6th, Zijin Mining experienced a “historic moment,” with its stock price soaring over 6%, and its market value once surpassing 1 trillion RMB. Looking back at the entire 2025, Zijin Mining’s performance in the capital market has been outstanding, with an annual stock price increase of 135.77% and a total market value growth of 525.8 billion RMB.
In the long term, this marks the sixth consecutive year of rising stock prices for Zijin Mining. At the beginning of 2020, Zijin Mining’s stock price was only 3.15 RMB per share, and now the stock price has increased more than tenfold.
Behind the surge in Zijin Mining’s stock price, the rising prices of precious metals such as gold, silver, and copper are naturally important drivers, especially gold. According to media reports, in 2025, precious metals are expected to continue to rise.

The US stock market rebounded sharply after Trump's reassurance to the market, with the S&P 500 index rising 1.16%. Trump mentioned negotiations with Denmark over Greenland and stated that no force would be used. Despite the bullish market sentiment and rising bond yields putting pressure on stocks, investment capital inflows supported the market. Gold prices rose again after declining due to geopolitical risks, and gold is expected to further increase in the future.

AI startup Humans& completes $480 million seed round funding, valued at $4.48 billion
According to TechCrunch citing The New York Times, the human-centered AI company Humans&, co-founded by former members of Anthropic, xAI, and Google, has completed a $480 million seed round funding, with a valuation of $4.48 billion. Investors include Nvidia, Jeff Bezos, SV Angel, GV, and Emerson.

Grayscale launches Ethereum Staking ETF (ETHE), enabling traditional investors to earn native yields generated by the Ethereum network, marking Ethereum's gradual transition from a highly volatile asset to a stable income investment. The Ethereum staking rate hits a record high, with funds willing to lock in Ethereum for the long term, indicating a trend of acceptance by traditional finance. Although facing structural risks and compliance challenges, Ethereum's staking economy is gradually maturing.

The article discusses human psychology and biological instincts in trading, emphasizing that investors tend to take profits too early out of fear when they are profitable, and chase losses to avoid admitting mistakes when they are losing. The author cites Kahneman's theory, suggesting that human risk attitudes exhibit a "split personality." The article recommends overcoming these psychological barriers through hard stop-losses, setting circuit breakers, and redefining principal, emphasizing the importance of self-discipline in financial markets to avoid emotional decision-making.

Article by: EeeVee
"As long as you don't invest in Crypto, everything else can be profitable."
Recently, the crypto world and other global markets seem to be experiencing two completely different extremes.
Throughout 2025, gold surged over 60%, silver skyrocketed 210.9%, and the US stock Russell 2000 index rose 12.8%. Meanwhile, Bitcoin, after a brief new high, closed the year with a downward trend.
At the start of 2026, the divergence continues to intensify. On January 20, gold and silver reached new highs again, the US Russell 2000 index outperformed the S&P 500 for 11 consecutive days, and the ChiNext 50 index in A-shares increased by over 15% in a single month.
In contrast, Bitcoin experienced six consecutive declines starting January 21, dropping from $98,000 and falling back below $90,000 without hesitation.
Silver's performance over the past year
Funds seem to have been...