Welsh warned others to stay away from crypto and said that she still does not understand anything about the sector more than a year later.

An attacker has exploited the Resolv USR stablecoin to mint 80 million tokens and has reportedly been able to cash out at least $25 million.

The exploit undermines trust in decentralized finance, highlighting vulnerabilities in smart contracts and the need for robust security measures.

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Musk's Terafab could revolutionize AI compute, enabling unprecedented space infrastructure and advancing human expansion beyond Earth.

The post Elon Musk unveils Terafab in bid to unlock massive AI compute in space appeared first on Crypto Briefing.

Into the Cryptoverse founder Benjamin Cowen has delivered a pointed message that crypto investors may want to sit with. According to the veteran analyst, Bitcoin is still the final destination for capital across the cryptoverse. Everything in the cryptoverse eventually just bleeds back to Bitcoin, which is in relation to a recurring pattern that continues to define multiple market cycles and Bitcoin’s market dominance.

A Pattern That Has Repeated Itself Across Every Cycle

Cowen shared an interesting take on the social media platform X by highlighting Bitcoin’s first-mover advantage in the crypto market. According to him, everything in the cryptoverse eventually just bleeds back to Bitcoin. People have engineered all sorts of different things, but after a cycle or two, it all just bleeds back to the king.

A close look at this statement would show that this view is not based on a single market phase. It reflects a structure that has played out repeatedly across Bitcoin’s history. Each cycle always begins with Bitcoin leading the market as new capital enters. Momentum then spreads outward, pushing investors toward altcoins in search of larger percentage gains. This phase, which is known as an altcoin season, often creates the illusion that capital has permanently shifted away from Bitcoin.

This dynamic was on full display in the most recent cycle. Starting in late 2024, the Bitcoin price rose from around $70,000 to $100,000 thanks to institutional demand from Spot Bitcoin ETFs. This capital eventually rotated into major altcoins, with Solana climbing to a peak of around $295 in January 2025, XRP climbing to a peak of $3.65 in July 2025, and Ethereum climbing to a peak of $4,946 in August 2025. Bitcoin, however, continued its ascent, ultimately reaching a record high of $126,000 in October 2025. 

Why Does Bitcoin Keep Winning?

The reason behind this recurring flow into Bitcoin is based on Bitcoin’s role within the market. Bitcoin is still the primary entry point for institutional capital and the benchmark against which the performance of other cryptocurrencies is measured. 

Even when new crypto projects attract attention, they often lack the durability to hold value across multiple cycles. We’ve seen this time and time again, with a recent example being the TRUMP meme coin, which surged to billions of dollars in market cap shortly after launch but has since collapsed by over 95% from its peak.

At the time of writing, Bitcoin is about 44% below its October 2025 all-time high, but it still maintains a huge market dominance. As of March 2026, Bitcoin is commanding 58.3% of the total crypto market capitalization, meaning that of every dollar currently invested in crypto, more than half of that is residing in Bitcoin. The takeaway is not that altcoins cannot perform, but that their strength exists within a larger cycle that still relies on Bitcoin.

Featured image from Pixabay, chart from TradingView

Dogecoin is entering a new phase of relevance as it becomes the latest focus for Qubic, a project aiming to transform blockchain networks into engines for distributed computation. This development signals a shift in how Dogecoin could be utilized, moving beyond its identity as a meme-driven asset toward a role in emerging compute-based ecosystems.

A Bigger Target Emerges In Dogecoin’s Mining Economy

Qubic’s expansion toward Dogecoin is a scaled-up continuation of the strategy it has already proven. In an X post, Qubic revealed that the firm went from controlling under 2% of Monero’s hasrate to demonstrating over 51% dominance in a live takeover event over the past year. This performance made headlines across the crypto media outlets such as CoinDesk, The Block, and Decrypt.

During the process, the network reportedly generated more than $3.5 million in mining revenue and mined over 26,000 XMR blocks. This shows that a decentralized AI-driven compute network could outperform an established proof-of-work chain through better economic incentives. 

Currently, Qubic is applying that same strategy to Dogecoin, but at a much larger scale. Data show that Dogecoin produces approximately 14.4 million DOGE per day, translating to around $1.44 million in daily emissions at current prices, which is roughly 10 times the output of Monero. For Qubic, it’s the same playbook they are applying to Dogecoin, but a much bigger target.

Qubic has also revealed that on March 19th, the All-Hands recap signals a major acceleration phase, with multiple milestones converging into a significant month-to-date. One of the key headlines is the launch of the Vottun Brighe IPO, with mainnet scheduled to go live on April 2nd. Meanwhile, Dogecoin mining is confirmed for April 1st, with the dispatcher already active. 

On the research front, progress continues to build momentum. A second Neuraxon paper has been accepted for presentation in Berlin with Scopus indexing, and 2 additional papers are being prepared for major conferences such as ALife and AGI.

The network is also evolving rapidly. Tick speed has nearly doubled to 0.6 seconds, while guardian nodes have surged from 34 to over 150 in just two weeks. With major launches and integrations lined up, April is shaping up to be a defining period for Qubic as it pushes further into real-world execution.

Why This Long-Term Pattern Could Define DOGE’s Future

The long-term outlook for Dogecoin is showing one of its most bullish technical setups to date. An analyst known as Trader Tardigrade on X has highlighted that on the monthly timeframe, the DOGE chart is forming a massive bullish pennant, a pattern that can drive long-term moves in 10 to 30 years.

Trader Tardigrade argues that in the next 30 years, those who remain positioned over time may look back on this pattern as a defining moment, one that may potentially shape long-term outcomes well beyond the current market cycle.

One economic word could well define 2026: stagflation.

It is an ugly word that describes a regime where prices keep rising while growth loses force, labor weakens, and policymakers run short of easy options.

That combination changes the texture of daily life fast.

Households feel it in food, fuel, insurance, rent, transport, utilities, subscriptions, and credit. Businesses feel it in margins, demand, inventories, and financing costs. Markets feel it in rate uncertainty and slower earnings growth.

In a stagflation environment, we could expect Bitcoin to initially trade choppy with risk assets, then potentially outperform as markets price policy constraint, falling real yields, and stronger demand for scarce, non-sovereign stores of value.

That is why the term deserves attention today, rather than later in the year when it could become common shorthand. Just like ‘social distancing' and ‘Zoom' in 2020, and the ‘short squeeze' in 2021, understanding stagflation before it becomes cool may turn out to be the big-brain play of 2026.

The case for learning the word now is simple. A lot of people already live with the conditions that make the idea intuitive.

Since 2020, the price level has reset higher across much of the developed world. Wages have risen too, though often with less force than the lived increase in household costs.

Official inflation measures have cooled from their peaks, yet affordability has stayed under pressure. The gap between statistical relief and lived relief has remained wide.

That gap is where stagflation will start to make sense to the public.

What stagflation actually means

At the macro level, stagflation is a combination of three conditions:

Elevated inflation, weak growth, and a labor market that is losing strength.

The full version usually includes a fourth condition as well, policy constraint. Central banks cannot ease aggressively because inflation is still too high. Governments face fiscal limits, political constraints, or both. The normal playbook becomes harder to use.

That is the formal definition.

For ordinary people, the lived definition is clearer:

Everything costs more, but life does not feel richer.

That really captures the consumer side of the regime.

Pay may rise on paper. Spending may keep moving. The economy may still produce respectable aggregate numbers. Yet households still feel pinned, because the real experience is a steady squeeze on purchasing power.

A healthy inflation cycle usually comes with stronger demand, firmer wage growth, better hiring, more investment, and a general sense of expansion. People pay more, though they can often absorb more as well.

Stagflation brings a harsher mix. Prices rise, while growth support fades. Consumers pay more, while employers become more selective. Companies defend margins, while households cut discretionary spending. Policymakers talk about resilience, while the average family sees a monthly budget that offers less room than it used to.

That is why the word could land so hard once it enters mainstream use. It captures a regime that feels unfair, persistent, and resistant to clean fixes.

I save in Bitcoin, why should I care about stagflation?

In a stagflationary setup, where inflation stays sticky while real growth and labor momentum deteriorate, Bitcoin can help less as a clean “inflation hedge” and more as a policy-credibility and debasement hedge plus a liquidity-regime trade.

If investors conclude the central bank is constrained (can’t ease much without risking inflation, can’t tighten much without worsening growth), confidence in long-duration fiat purchasing power can weaken at the margin, and scarce, non-sovereign assets tend to look more attractive, especially if real yields fall or the market starts pricing renewed easing/financial repression.

Bitcoin also offers portability and censorship resistance, which can matter if stagflation spills into tighter capital controls or banking stress in parts of the world.

There is, however, a caveat: in the early phase of a stagflation shock, especially if energy spikes and risk assets de-rate, Bitcoin can trade like a high-beta liquidity asset and sell off with equities before any “store-of-value” narrative reasserts itself.

The US is approaching a stagflation confirmation test

Right now, prices remain elevated. Growth has slowed. Payroll revisions have exposed a weaker labor market than the real-time prints implied. The next question is whether a fresh cost shock reaches consumers before disinflation completes its work.

The US has not completed a textbook stagflation confirmation.

It is, however, moving closer to that threshold than the cleaner market narrative suggests. The distinction is important for regime analysis.

Inflation remains above target. Growth has decelerated sharply from the pace seen in late 2025. Payrolls have softened and then been revised lower.

At the same time, the next cost shock is forming in energy and tariffs before it fully appears in backward-looking inflation data.

The useful question is not whether households have felt squeezed since 2020. They plainly have.  The CPI index stood at 258.678 in February 2020 and 326.785 in February 2026. That is a cumulative rise of roughly 26%.

For consumers, that is the part of the picture that should carry the most weight. Inflation slowing from the 2022 peak never meant prices returned to prior levels.

It meant the rate of increase moderated. In that sense, the public's view that life has become structurally more expensive rests on the price level itself.

What “confirmation” actually requires

Stagflation is a macro condition with a wider scope than a consumer complaint. Companies raising costs and passing them through is one channel within that condition.

The fuller structure is more demanding. Prices stay firm or re-accelerate. Real activity weakens.

Labor softens enough to make the slowdown visible beyond anecdotes. Policy then becomes constrained because the central bank has limited room to ease into sticky inflation.

That leaves a three-layer test: inflation persistence, growth deterioration, and policy constraint.

The US has clearly met the first layer, is moving through the second, and is approaching the third.

Start with inflation persistence. February CPI rose 0.3% month over month and 2.4% year over year, while core CPI rose 0.2% on the month and 2.5% on the year.

Those readings do not show a fresh break higher in the official consumer data. They also leave little basis for an all-clear.

January PCE rose 2.8% year over year, while core PCE ran at 3.1%.

Producer prices are firmer still. February final-demand PPI rose 0.7% on the month and 3.4% on the year, the largest 12-month increase since February 2025.

Put simply, the consumer-facing print is cooler than the pipeline. That setup can change quickly if a new cost shock becomes persistent.

The growth layer already shows visible deceleration. BEA’s second estimate showed real GDP growth at 0.7% annualized in the fourth quarter of 2025, down from 4.4% in the third quarter.

Atlanta Fed GDPNow nowcasts first-quarter 2026 growth at 2.3%.

That pace still sits above recession territory. It also leaves the economy with much less margin for error than a few months ago.

An economy growing at 0.7% in one quarter and roughly 2% in the next can still avoid contraction. It is far more exposed to an inflation shock than an economy growing at 3–4%.

The labor layer is where the argument that we're “very close to confirmation” gains force.

February payrolls fell by 92,000, and unemployment held at 4.4%. On a standalone basis, that reads as soft rather than decisive. The revisions carry more weight.

BLS benchmarked the payroll series lower, revising 2025 job growth from +584,000 to +181,000. That revision shows a labor market that was materially weaker than the real-time prints suggested.

A labor market slowing from visible strength produces one interpretation. A labor market that was overestimated on the way down produces another.

Policy constraint and the next cost shock

That still leaves room before a final verdict.

In his March 18 press conference, Powell said unemployment has changed little in recent months, job gains have remained low, and other indicators such as openings, layoffs, hiring, and nominal wage growth generally show little change.

The Fed’s own median projections still place 2026 real GDP growth at 2.4%, unemployment at 4.4%, and both headline and core PCE inflation at 2.7% by year-end.

Those figures describe a central bank that still sees moderate expansion ahead, alongside inflation that remains above target and a labor market that has lost momentum.

When we come to policy constraints, the current setup becomes more uncomfortable than the surface inflation data alone would imply.

The Fed left the policy rate at 3.5–3.75% in March. Powell said the implications of developments in the Middle East for the US economy remain uncertain.

The median projected federal funds rate for end-2026 remains 3.4%, which still points toward eventual easing.

That projection now sits beside higher inflation forecasts than the Fed published in December and growth risks that lean lower. The policy path still points down, while the room to move down cleanly has narrowed. That is how a policy bind starts to form.

To make things worse, the economy now has to deal with greater uncertainty around a major factor of inflation: energy. The Strait of Hormuz closing due to the Iran war means the oil channel is the clearest near-term threat to that balance.

EIA data already shows how fast the transmission can start. US regular gasoline rose from $3.015 a gallon on March 2 to $3.720 on March 16. On-highway diesel jumped from $3.897 to $5.071 over the same span.

Those are large moves over a short window.

If sustained, they can alter inflation psychology, freight costs, and near-term household expectations even before they dominate the full CPI basket.

Tariffs sit in the same category.

The Supreme Court ruled in February that IEEPA does not authorize the president to impose tariffs.

That ruling briefly suggested a legal break in the inflationary trade impulse. The White House then moved under Section 122 to impose a temporary 10% ad valorem import surcharge for up to 150 days.

USTR has since opened new Section 301 investigations. The market loses precision when it treats the court ruling as the end of the tariff issue. The better frame is a legal transmission.

One channel closed. Others remain open. For prices and business planning, the uncertainty still leans in the same direction.

Where the line sits right now

There is still an important caveat. Inflation expectations have yet to show a full regime break.

The New York Fed’s February Survey of Consumer Expectations showed one-year inflation expectations at 3%, with three-year and five-year expectations also at 3%. That leaves a signal worth respecting.

Households still remain uncomfortable, while the longer end of expectations has yet to show a clear break higher. That is one reason we can't call stagflation. The framework is historical first and causal second.

It can describe a setup that resembles the entry phase of a stagflation regime without claiming the final state has already arrived.

The distinction between lived experience and macro confirmation sits at the center of the debate. For households, the past six years have carried a stagflationary feel. Prices climbed sharply. Affordability deteriorated.

Many services that define daily life, groceries, insurance, housing-linked costs, subscriptions, and transport, moved higher and then stayed there.

Wage gains helped in nominal terms, though they often failed to repair the full affordability hit created by the price-level jump. Consumers do not live inside month-over-month base effects. They live inside the cumulative level.

That consumer reading should have analytical value because price-level damage changes behavior long before the formal macro label changes.

Households cut discretionary spending. Small businesses adjust inventory and hiring plans. Firms test pricing power more aggressively.

Political tolerance for further cost increases falls. Central banks face a narrower path because inflation fatigue weakens confidence in repeated assurances that the next quarter will look better.

In that sense, lived experience can lead formal diagnosis.

The macro diagnosis still needs a threshold. Weak growth and weaker labor have to sit beside sticky or rising inflation in the same window.

The US is moving closer to that configuration. The labor revisions show the slowdown is more advanced than the real-time prints implied.

The inflation data show disinflation has progressed, while the last mile remains incomplete.

Oil and tariffs show the next inflation impulse may already be entering the system. That combination narrows the distance to confirmation.

I feel that the most defensible take is pretty straightforward.

The lived experience since 2020 has been stagflationary in the way ordinary people use the term: prices rose far faster than comfort, affordability did not recover, and lower inflation never repaired the level damage.

The macro label still requires one more layer. Labor deterioration and growth weakness have to sit beside sticky or rising inflation at the same time.

The US is now very close to that test. If the next round of data shows labor weakening further while core inflation stops improving, the debate shifts from stagflation risk to stagflation confirmation.

Bitcoin thrives during long-term persistent inflation

Over the long run, the case for Bitcoin as an inflation hedge is less about matching CPI prints quarter to quarter and more about protecting against persistent monetary dilution and negative real returns in traditional cash and sovereign bonds.

Because Bitcoin’s supply schedule is credibly capped and not subject to discretionary issuance, it can function as a “hard money” alternative when investors expect multi-year deficits, debt monetization risk, or policy that keeps real rates structurally low to manage debt burdens.

In that framework, the hedge is about preserving purchasing power across cycles, especially in a world where fiat purchasing power erodes steadily, even if the path is volatile and punctuated by drawdowns.

The trade-off is that Bitcoin’s long-term inflation-hedge appeal is probabilistic rather than mechanical: it may outperform over multi-year horizons when debasement fears rise and real yields compress, but it can still underperform for long stretches if liquidity tightens, real yields rise, or risk appetite collapses.

In the current ETF era of Bitcoin, we may be about to find out how Bitcoin performs amid persistent inflation, tight liquidity, and high institutional exposure.

The post Stagflation: The word of the year for 2026 and why Bitcoiners need to know what it means appeared first on CryptoSlate.

The SEC and CFTC just gave crypto its clearest and most straightforward regulatory guidance in years. Most crypto assets will no longer be treated as presumptive securities, and the agencies drew a sharper line between open crypto markets and tokenized versions of traditional financial products.

Under normal conditions, that kind of clarity should have been a major bullish catalyst, but it wasn't.

The market’s lack of response showed that traders no longer see regulatory goodwill on its own as enough to rerate the sector.

What crypto wants now is something the agencies can’t deliver by themselves: durable legal certainty from Congress.

For years, the central problem for crypto in the US was basic regulatory uncertainty. Projects could launch, exchanges could list tokens, and capital could keep moving, but the SEC still had room to argue that much of the sector belonged inside securities law.

That overhang was what shaped everything from valuations, product design, and listing decisions, to custody models and where companies were willing to build.

This latest guidance changes that picture in a meaningful way, as it gives the industry a clearer framework than it has had in years.

However, it also exposed a new reality: clarity from regulators is no longer enough to convince the market that the US crypto rulebook is settled.

A real policy win that still fell short

The new guidance is a real change.

The SEC said it's creating a token taxonomy that separates digital commodities, digital collectibles, digital tools, payment stablecoins, and digital securities. Chairman Paul Atkins said the agency now recognizes that most crypto assets are not themselves securities. However, he also clarified that a non-security token can still fall under securities law if it is offered and sold as part of an investment contract.

The release also addressed staking, airdrops, mining, and wrapped versions of non-security crypto assets, giving the industry a broader map than it has had under federal law in years.

That's the kind of clarity crypto has been lobbying for since the first SEC cases made its legal perimeter tighter. If founders now know the baseline classification of an asset, they can structure their launches with more confidence. If exchanges know which regulator has primary jurisdiction, they eliminate almost all listing risk. If investors know a token won't be exposed to a sudden reclassification fight, the discount attached to US regulatory uncertainty should shrink.

So on paper, this had every reason to look bullish.

But Bitcoin didn't jump on the announcement. Prices remained tied to the same forces that have been driving broader risk markets for the past month.

Even Citi cut its 12-month targets for BTC and ETH because progress on US market structure legislation has stalled. Broader markets have also been wrestling with the energy crisis and inflation fears brought on by the conflict in Iran.

That helps explain why the response to this was so muted. It seems that traders have already moved on to a harder question than whether this SEC is friendlier than the last one. They now want to know whether the rules will survive politics, litigation, and the next administration.

Congress is now the real bottleneck

That gets to the heart of what changed this week.

The industry used to be stuck at the first bottleneck: agency hostility and interpretive ambiguity. Now it's stuck at the second: durability.

Guidance and interpretation help, but rulemaking would help much more. Still, none of those is the same thing as statute. Congress is the institution that can lock jurisdictional lines into law and define when a token is a commodity or security. It can also give spot market oversight to the CFTC with enough force and certainty to last longer than a single administration.

That's why the market barely moved on a regulatory change that would have felt huge just a couple of years ago. Crypto is no longer satisfied with knowing that some policymakers in Washington understand the sector. It wants concrete proof that the framework in which they're operating will be solid.

A positive view and a favorable interpretation can be narrowed, challenged, and replaced endlessly. Even the SEC framed its action as “complementary” to congressional efforts, rather than a substitute for them.

There's also another important twist to this.

The same regulatory clarity that gives crypto more breathing room may also accelerate tokenization in tradfi faster than it helps permissionless markets. The SEC has been explicit that tokenized stocks and bonds are still securities, as laid out in its January statement on tokenized securities. Then this week, the SEC approved Nasdaq’s plan to let certain stocks and ETFs trade and settle in tokenized form.

That's a strong signal about where Washington seems most comfortable: blockchain inserted into a familiar, supervised market infrastructure. That tells us that the next phase of adoption most likely won't belong just to crypto native companies. If tokenized equities, ETFs, Treasuries, and other regulated instruments move faster because incumbents can put them on a blockchain, Wall Street could capture a large share of the upside that many crypto companies assumed would reach them first.

So the market’s shrug wasn't apathy. Traders heard the message, accepted that it was a step forward, and then priced the remaining gap.

That gap is Congress. Until there's meaningful movement on legislation and visible evidence that exchanges, issuers, and custodians can build around a durable framework, this kind of regulatory goodwill will keep trading at a discount.

The SEC can draw cleaner lines, and the CFTC can claim more ground, but the next full rerating will probably wait for something larger: a law that survives the next election, lawsuit, and political turn in Washington.

The post Crypto finally got SEC clarity. Why didn’t the market care? appeared first on CryptoSlate.