Pump.fun introduced the Pump Fund, a $3 million program aimed at financing early‑stage teams based on public traction, starting with a build‑in‑public hackathon. Over the past week, platform fee revenue climbed to an estimated $7.6 million and the 30‑day total rose to $24.8 million, while the PUMP token stalled in a consolidation phase.

The combined stablecoin market cap has climbed to a record $307.7 billion, while tokenized funds and other RWAs are also at all-time highs. At the same time, Bitcoin's market cap has dropped faster than stablecoin supply, driving the Stablecoin Supply Ratio sharply lower and signaling unusually large sidelined buying power. This pattern has historically appeared near local market bottoms, with on-chain liquidity waiting for clearer risk conditions before rotating back into volatile assets.

Over the past week, FARTCOIN slumped 18.5%, leading losses across major memecoins as risk appetite faded. Technical gauges signaled weakness, while derivatives data showed lower open interest and softer funding, and fellow tokens including DOGE, SHIB, PEPE, BONK, FLOKI, WIF, PENGU, and SPX also ended the week in the red.

Bitcoin briefly approached $92,000 during early Asian trading after President Donald Trump threatened 10% import tariffs on eight European countries from February 1, with a possible rise to 25% by June if talks fail. With U.S. cash markets closed for a holiday, global futures and safe-haven FX moved, while gold jumped 1.5% and silver hit an ATH. European investors’ $8 trillion in U.S. assets has become a focal risk.

Bitcoin traded around $95,000 at press time, according to TradingView, after rebounding from the $91,000–$92,000 demand zone. Liquidity gauges highlighted on X show the Global Liquidity Index at a new cycle high, while CryptoQuant's UTXO age bands indicate short‑term holders are in profit and risk is being redistributed toward mid‑term cohorts. Immediate resistance lies at $97,000–$98,000.

Over the week, Bitcoin and Ethereum rose nearly 5% and 7%, while several altcoins diverged. DASH led with a 115% surge to about $80, as Story [IP] and Pump.fun [PUMP] gained roughly 20% and 17%. Polygon [POL] fell nearly 14% to around $0.142, and Midnight [NIGHT] slipped roughly 12%.

Hedera's HBAR declined 12% over the week as the network prepares a mainnet upgrade to v0.69 on January 21. RSI hovered near 44 and open interest around $55 million, with funding slightly positive, signaling consolidation. Developer activity ranked fourth globally, raising the question of whether the upgrade can improve sentiment.

In 2025, stablecoin issuers generated roughly $5 billion from deployments on Ethereum, according to X. Startups reported a 400% year-over-year rise in stablecoin card usage and payment volumes, while ERC20 stablecoin activity approached record highs, per CryptoQuant. U.S. lawmakers are also weighing changes to yield rules, with a markup set for the 15th of January.

Over the past week, Bitcoin and Ethereum both slipped less than 2%, while several altcoins saw sharp moves in both directions. Polygon's POL token surged close to 50%, supported by steady on-chain activity, and Virtuals Protocol and JasmyCoin also booked double-digit gains. In contrast, Midnight and Zcash dropped more than 20% from recent highs, with several privacy-focused coins and major tokens like UNI and DOGE also ending the week in the red.