This week’s developments highlight crypto’s deepening ties to macro, AI, and traditional finance. Bitcoin slid amid geopolitical tensions, underscoring its sensitivity to global risk. Meanwhile, Bittensor’s decentralized AI milestone drew attention from Nvidia’s Jensen Huang, signaling growing legitimacy for onchain innovation. Institutional momentum remains strong, with most investors planning to increase exposure, while FTX’s multibillion-dollar repayments mark progress in resolving past crises. At the same time, Hyperliquid’s launch of an S&P 500 perpetual brings a major TradFi benchmark onchain, pointing to a future of always-on global markets.
Bittensor Subnet Breakthrough, Institutional Confidence, and More – Week In Review
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WEEK IN REVIEW
BTC Falls Below $69K Amid Iranian and Qatari Gas Field Strikes
Bitcoin fell below $69,000 amid a global sell-off driven by escalating Middle East tensions that also caused energy prices to surge… read more
Editor’s comment:
Price often precedes narrative, and while the situation in the Middle East is absolutely throwing a wrench in global markets, it’s entirely possible Bitcoin was going to hit a wall of resistance somewhere in the $70,000s. It is, after all, in quite early innings of its bear market, time-wise.
Bittensor Training Milestone Draws Spotlight From Chamath Palihapitiya and Nvidia CEO Jensen Huang
A decentralized AI experiment once confined to crypto circles just earned a public nod from Nvidia CEO Jensen Huang, signaling that distributed model training may be inching closer to the mainstream.… read more
Editor’s comment:
Covenant-72B is a landmark 72-billion-parameter large language model (LLM) pre-trained in a fully decentralized, permissionless manner on Bittensor. Some have called it the “most asymmetric bet in crypto” right now as it competes with multi-hundred-billion-dollar AI LLM models, while only sitting at a $100 million market cap on Bittensor.
73% of Institutional Investors Plan to Increase Crypto Holdings in 2026, Coinbase Survey
Institutional investors are accelerating crypto exposure while tightening risk controls, signaling a shift toward regulated access, stronger governance… read more
Editor’s comment:
We’ve been seeing surveys and reports with similar findings for years now, and prices haven’t exactly reacted, at least outside of Bitcoin. It may take, as Luke Gromen has said, “nuclear printing” before the real repricing and a flow further out the risk curve into other digital assets. Overall, it’s definitely a fundamental that bulls want to see.
FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%
FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29… read more
Editor’s comment:
FTX continues to handle the bankruptcy in a surprisingly fair manner. Sam Bankman-Fried also won’t go quietly into the night, and many think he is fishing for a pardon from the President. Without the crash of FTX, he may have been one of the wealthiest venture capitalists in the world right now, rather than inmate #37244-510.
Hyperliquid Lists First Official S&P 500 Perpetual
The S&P 500 has entered the world of decentralized finance with the launch of its first perpetual contract on Hyperliquid. The move signals… read more
Editor’s comment:
Hyperliquid continues to be one of the main stories in crypto, achieving clear product market fit, not just for crypto-natives, but now edging into tradfi. HYPE is also one of the only altcoins consistently in the green this year, currently up 33% this month.
FAQ 🔎
- Why did bitcoin drop below $69K this week?
Bitcoin fell alongside global markets as Middle East tensions pushed energy prices higher and triggered a broad risk-off move. - What is Bittensor and why is it getting attention?
Bittensor is a decentralized AI network, and its recent large-scale training milestone—highlighted by Nvidia’s Jensen Huang—signals growing credibility for distributed AI models. - Are institutions still buying crypto despite volatility?
Yes—Coinbase data shows 73% of institutional investors plan to increase crypto exposure in 2026, with a focus on regulated and infrastructure-driven access. - What does the FTX payout mean for the market?
FTX’s $2.2B distribution marks a major step in resolving the collapse, with some creditors recovering up to 120%, helping restore confidence in the ecosystem.
