Market Signal Briefing

Funded by Solayer Labs and Solayer Foundation, the effort targets onchain apps with revenue and high usage potential.

Bitcoin, Ethereum, and XRP have all moved lower over the past few weeks as the broader crypto market cooled after a strong start to the year. Bitcoin slipped back from highs near $98,000, Ethereum fell below $3,100, and XRP retreated from above $2.10 to around the $1.95 level.

The pullback shows a weaker risk appetite, profit-taking after January gains, and a broader slowdown across digital assets rather than problems specific to any one token.

XRP Still Holds Up Better Than Many PeersDespite the recent decline, XRP has remained relatively resilient compared with other large cryptocurrencies. The token rose more than 20% earlier in January and briefly overtook BNB to become the third-largest cryptocurrency by market value, excluding stablecoins.

While prices have since pulled back, analysts say that XRP has been a quieter outperformer over recent months, with steadier investor flows during periods when Bitcoin and Ethereum funds saw outflows.

Why XRP Is Being Watched CloselyXRP’s use case is focused on payments, particularly cross-border settlement. Ripple designed the token to act as a bridge between currencies, allowing funds to move between countries in seconds rather than days.

This sets XRP apart from Bitcoin’s store-of-value narrative and from stablecoins, which are tied directly to fiat currencies. Supporters argue that XRP targets financial infrastructure rather than speculative trading.

Regulatory Pressure Has EasedA change for XRP came in August 2025, when the long-running legal case between Ripple and the U.S. Securities and Exchange Commission formally ended. The closure removed a major source of uncertainty that had weighed on the token for years.

Since then, Ripple has expanded licensing across dozens of jurisdictions, making it easier for banks and payment firms to work with its network.

Breaking Down the Current Market AnalysisShort-term trend: All major cryptocurrencies are under pressure as risk sentiment weakens. XRP’s drop below $2 has come alongside falling trading volume, suggesting reduced short-term momentum.

Medium-term structure: XRP is stabilizing after recent selling, with buyers defending key support levels. They argue that XRP may begin moving more independently from Bitcoin if institutional demand remains steady.

Long-term view: Others point to XRP’s long accumulation phase and gradual adoption by financial institutions. From this perspective, XRP’s slower growth is seen as maturity rather than weakness.

Risks That RemainXRP still faces challenges. Ripple controls a large share of the token supply through escrow, raising concerns about centralization. Regulatory risk has declined but has not disappeared, and future policy changes could still affect the market.

Like the rest of crypto, XRP also remains sensitive to global macro conditions, including interest rates, trade tensions, and investor appetite for risk.

The Question Heading Into 2026With Bitcoin, Ethereum, and XRP all under pressure in recent weeks, markets are looking for signs of which assets can recover first. XRP’s supporters believe its payments-focused design and improved regulatory standing give it an edge.

Whether that is enough to make XRP the standout trade of 2026 will depend on whether real-world adoption continues to grow as speculative activity fades.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Trend Research has increased its ETH holdings to 636,815 ETH, valued at $1.98 billion at current prices. Onchain data shows that the firm bought 9,939 ETH for $30.85 million and sent it to Aave V3 before borrowing an additional $20 million in USDT to buy more Ethereum.

Hong Kong-based investment Trend Research has bought more Ethereum, according to onchain data from blockchain explorer and blockchain analytics platform Arkham Intelligence. The firm borrowed $30 million in USDT from Aave, a DeFi lending and borrowing platform, and bought 9,939 ETH for about $30.85 million from Binance.

Trend Research and BitMine buy more Ethereum as the crypto market dips  Trend Research has bought 9,939 $ETH worth $30.85M from #Binance and supplied it into #Aave V3 and borrowed $20M $USDT to buy more $ETH.

They now hold 636,815 $ETH, valued at $1.98Bhttps://t.co/xvp499tawt pic.twitter.com/AM8HL1CiW0

— Onchain Lens (@OnchainLens) January 20, 2026

Trend Research transferred the newly bought 9,939 ETH to Aave and then borrowed an additional $20 million in USDT to buy more ETH. The firm now has 636,815 ETH in its books, valued at $1.98 billion at current ETH prices.

Trend’s founder, Jack Yi, said last year that he was optimistic about crypto’s performance in the first half of 2026 and pledged to continue purchasing Ethereum until the bull market arrives.

On December 12, Trend Research wrote on X that it was staying bullish on ETH after the 1011 market crash and “remain optimistic about the future” due to the increased integration of crypto assets into traditional finance.

Bitmine Immersions Technologies also announced it bought more Ethereum. A press release dated January 20 detailed that the crypto company had bought an additional 35,268 ETH in the last week. According to Thomas Lee, Chairman of Bitmine, Ethereum’s price ratio to Bitcoin has been rising since mid-October, indicating that investors have recognized tokenization and other use cases being developed by Wall Street on the Ethereum network. 

Lee also emphasized that BitMine “has staked more ETH than other entities in the world” and added that the company’s “ETH staking fee is $374 million annually,” exceeding $1 million per day. 

A recent Cryptopolitan report dated January 20 highlighted that BitMine recently staked about 86,848 ETH, bringing its total staked ETH to 1.77 million ETH worth roughly $5.66 billion. The publication also noted that Ethereum supply on exchanges has declined and reported that the growing institutional demand for Ethereum from ETFs and public companies such as BitMine is the root cause of the supply squeeze.

According to Coingecko, a crypto data platform, BitMine Immersions leads all publicly listed companies in Ethereum holdings. The company has 4,203,036 ETH valued at $12.73 billion at current prices, and its ETH holdings represent 3.48% of Ethereum’s total supply. 

The data also shows that BitMine has added 235,826 ETH to its books in the last 30 days. According to data from Bitcoin Treasuries, BitMine holds 192 Bitcoins, valued at $17.39 million, and ranks 86th among the world’s largest corporate Bitcoin holders.

Spot Ethereum ETFs buy $584M worth of ETH as ETH prices dip U.S.-listed spot Ethereum exchange-traded funds have also added more Ethereum. The funds have accumulated $479.04 million in ETH in the last five days, according to data from the ETF tracking website SosoValue.

The data also shows that the ETFs received $584.91 million in inflows in January alone, with the month’s highest inflow of $175 million recorded on January 14. The funds hold $20.43 billion in Ethereum, representing about 5.14% of the crypto asset’s market capitalization.

Despite institutions’ massive buying activity, Ethereum has declined by 6.05% over the last 24 hours, bringing its seven-day decline to 4.46%.

Data from CoinGecko shows that the crypto asset is currently trading at $3,019 and is up 2.13% year-to-date at the time of this publication.

Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program

BitMine Immersion Technologies Inc. (NYSE:BMNR) on Tuesday dropped 7% despite revealing it now owns 4.203 million Ethereum (CRYPTO: ETH), representing 3.48% of all ETH in existence.

BitMine Now Owns 3.48% Of All EthereumBitMine disclosed total crypto and cash holdings of $14.5 billion as of January 19, comprised of 4.203 million ETH at $3,211 per token, 193 Bitcoin (CRYPTO: BTC), $22 million in Eightco Holdings (NASDAQ:ORBS), and $979 million in cash.

The company acquired 35,268 ETH in the past week alone, maintaining aggressive accumulation despite the stock’s 80% collapse from June’s $140 peak.

BitMine now controls 3.48% of Ethereum’s total supply of 120.7 million tokens—nearly 70% of the way to chairman Thomas “Tom” Lee’s stated goal of acquiring 5% of all ETH.

Shareholders Approve Share Increase Despite Stock CollapseDespite the stock trading near lows, BitMine stockholders voted overwhelmingly to support management’s plans at the January 15 annual meeting.

A critical vote to increase authorized shares passed with 81% approval, representing 52.2% of all outstanding shares voting in favor.

“We view the fact that 81% of votes cast favored increasing authorized shares as a message from BitMine stockholders that they understand our accretive ETH accumulation strategy,” Lee said.

The company has now over 500,000 individual stockholders and emphasized it has not sold shares below modified net asset value (mNAV), a key metric for treasury companies.

$200M Beast Industries Investment Adds Creator Economy ExposureBeyond crypto accumulation, BitMine invested $200 million into Beast Industries on January 15, targeting the creator economy through MrBeast, whose bi-monthly videos average 250 million views—matching Super Bowl audiences.

Lee noted MrBeast’s content scores 13.1 in usage metrics versus Disney’s 9.7 and Netflix’s 8.7. 

“His audience is 35% larger than all of Disney’s media and 50% larger than Netflix,” Lee said.

Staking Revenue Could Hit $374M AnnuallyBitMine has staked 1.838 million ETH worth $5.9 billion, up 581,920 ETH in the past week.

Once all 4.2 million ETH gets staked through MAVAN (Made in America Validator Network) launching Q1, the company projects annual staking revenue of $374 million—over $1 million per day.

Why ETH Over BitcoinLee explained the Ethereum bet centers on Wall Street’s adoption of tokenization and institutional use cases being built on Ethereum’s blockchain.

“Ethereum’s price ratio to Bitcoin, or ETHBTC, has been steadily climbing since mid-October,” Lee said. 

“This reflects investors recognizing tokenization and other use cases being developed by Wall Street are being built on Ethereum,” he added.

The Ethereum Foundation listed 35 examples of major financial institutions building on Ethereum recently.

Stock Breaks Triangle Support Despite Bullish Holdings Data

Despite the positive announcements, BMNR dropped around 7% and broke below $31 support that held since December.

The stock formed a descending triangle between $28-34. Today’s breakdown confirms bearish continuation, projecting targets toward $24-26.

BMNR trades below all moving averages: 20-day at $31.04, 50-day at $33.95, 100-day at $36.24, and 200-day at $33.18.

Critical levels for BMNR Ahead Immediate support: $28.99 Major support: $24.43 (December low) Breakdown risk: $20 if $24 fails First resistance: $31.04 (must reclaim immediately) Major resistance: $34.74, then $36.37 The stock needs to reclaim $31 immediately to invalidate today’s breakdown. Loss of $28.99 opens a direct path to retest $24.43.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TLDR: Pendle achieved $5.7 billion average TVL in 2025, up 76% year-over-year with peak of $13.4 billion New sPENDLE token features protocol revenue buybacks and 14-day withdrawals or instant 5% fee option Platform generated $44.6 million in total fees during 2025, marking 134% increase from previous year Boros rates trading venue reached $6.9 billion open interest just four months after official launch Pendle has introduced sPENDLE, a major upgrade to its native token designed to enhance liquidity and diversify revenue streams.

The world’s largest crypto yield trading platform achieved $5.7 billion in average total value locked during 2025, marking a 76% year-over-year increase. 

This development positions Pendle alongside leading DeFi protocols while expanding its capabilities in onchain yield and rates trading.

Platform Achieves Record Growth Across Key Metrics Pendle recorded substantial growth throughout 2025, reaching a peak total value locked of $13.4 billion. 

The platform generated approximately $44.6 million in total fees, representing a 134% increase from the previous year. Holders’ revenue climbed to $34.9 million during this period.

Monthly notional trading volume averaged $54 billion over a 90-day trailing period. Daily volumes frequently reached nine-figure amounts, demonstrating consistent demand for fixed yield products. 

These metrics place Pendle among major DeFi protocols including Uniswap, Aave, and Hyperliquid in terms of market presence.

The platform has established itself as a primary venue for tokenized yield trading. Reported realized fees and liquidity depth surpassed several comparable platforms operating in the fixed income sector. 

This performance reflects growing institutional and retail interest in structured yield products within decentralized finance.

TN Lee, co-founder and CEO of Pendle, emphasized the strategic importance of the upgrade. “This upgrade is a structural improvement as we scale both Pendle and Boros,” Lee stated. 

He added that the goal has always been to bring the efficiency and scale of traditional fixed income markets into DeFi, making Pendle a more robust and institution-ready yield infrastructure.

Token Architecture Introduces Enhanced Flexibility The sPENDLE upgrade implements several operational changes to improve user experience and capital efficiency. Protocol revenue will fund PENDLE token buybacks, with distributions directed to active sPENDLE holders. 

This mechanism creates a direct value flow between platform performance and token holder benefits.

The new liquidity model features a 14-day withdrawal period for standard redemptions. Alternatively, users can access instant redemption by accepting a 5% fee. This dual-option structure balances liquidity needs with protocol stability requirements.

The upgraded token functions as a composable and fungible asset compatible with any decentralized application. 

This design eliminates previous trade-offs between ecosystem participation and liquidity access. Users maintain flexibility regardless of their investment time horizon.

An algorithmic emission model will replace the manual voting system currently in place. This change targets a 20-30% reduction in PENDLE emissions while improving allocation efficiency. 

Existing vePENDLE locks will pause on January 29th, with current holders receiving multipliers up to 4x based on remaining lock duration.

Boros, Pendle’s onchain rates trading venue, has achieved $6.9 billion in open interest four months post-launch. 

The platform generated $301,000 in fees while accumulating $6.8 million in deposits by year-end 2025. 

Boros tokenizes perpetual funding rates, converting previously untradable yield streams into tradable instruments. 

The venue recently listed NVDAUSDC-Hyperliquid, enabling speculation on funding rates for equity perpetual markets.

Journalist

Posted: January 20, 2026

Tether and Circle minted a combined $1.5 billion in stablecoins over two hours, signaling a notable expansion in on-chain dollar liquidity following recent market volatility.

On-chain data shows that Tether issued $1 billion USDT, primarily on the Tron network. Also, Circle minted roughly $500 million USDC, including fresh supply on Solana. 

The issuance comes after a sharp crypto market pullback that briefly pushed Bitcoin below $93,000 and triggered widespread liquidations.

Stablecoin mints signal liquidity positioning, not Immediate buying Large stablecoin mints are often misunderstood as instant bullish signals. In practice, newly issued USDT and USDC are typically sent to treasury or intermediary wallets before being deployed. 

These funds may later flow to exchanges, market makers, or institutional desks, depending on market conditions.

As a result, stablecoin issuance usually reflects liquidity positioning rather than immediate risk-on behavior.

Minting follows period of market stress The timing of the $1.5 billion mint aligns with a broader risk-off move across crypto markets. 

Over the past week, heightened volatility and macro uncertainty led to sharp drawdowns across major assets, with total market capitalization falling and leveraged positions unwinding.

During such periods, stablecoins often serve as a liquidity buffer, allowing traders and institutions to park capital while waiting for clearer market direction.

USDT and USDC continue to dominate stablecoin supply On Ethereum, USDT and USDC account for nearly 90% of the circulating stablecoin supply, according to Dune Analytics data. This reinforces their role as the primary dollar rails for crypto trading and settlement. 

Tether remains the largest stablecoin issuer by market capitalization with 60%, while Circle’s USDC maintains its position as the second-largest with 30%.

Source: Dune Analytics

The latest minting activity further strengthens their dominance across major blockchains, including Tron, Ethereum, and Solana.

What comes next depends on deployment Whether the newly minted stablecoins translate into renewed buying pressure will depend on follow-through indicators, such as inflows to centralized exchanges or increased spot market demand.

Historically, sustained price recoveries tend to follow stablecoin deployment, not issuance alone. Without clear evidence of capital moving onto exchanges, large mints should be viewed as capital readiness, not confirmation of a market reversal.

For now, the surge in stablecoin supply suggests that liquidity remains engaged with the crypto ecosystem, even as traders remain cautious amid ongoing macro and market uncertainty.

Final Thoughts The $1.5 billion stablecoin mint suggests liquidity is being positioned on-chain. Still, it does not yet confirm renewed risk appetite across the market. Whether this capital translates into upside will depend on broader macro conditions and follow-through in spot and derivatives demand.

Chainlink said on Monday it has launched new data feeds that allow blockchain-based platforms to access U.S. stock and exchange-traded fund (ETF) prices nearly around the clock.

The new service, called 24/5 U.S. Equities Streams, provides pricing data during pre-market, regular trading hours, after-hours, and overnight sessions. Until now, most blockchain markets relied on limited stock data that only reflected standard U.S. trading hours.

Bringing U.S. Stocks On-ChainThe launch is aimed at expanding the use of real-world assets on blockchains. U.S. equities represent an estimated $80 trillion market, but have so far been difficult to integrate into decentralized finance systems that operate continuously.

Chainlink said the new feeds include more than just prices. They also deliver bid and ask levels, trading volume, market status indicators, and freshness signals, which help reduce risks during volatile or low-liquidity periods.

Use in DeFi and Tokenized MarketsThe data streams are designed to support on-chain products such as stock-linked perpetual contracts, prediction markets, synthetic equities, lending platforms, and other tokenized asset products.

Several trading platforms have already begun using the feeds, including Lighter, BitMEX, ApeX, and Orderly Network, according to Chainlink.

Addressing a Market GapOne challenge for blockchain-based equity products has been the mismatch between 24/7 crypto trading and limited stock market hours. During off-hours, outdated or incomplete price data can increase the risk of incorrect liquidations or pricing errors.

Chainlink said the continuous data coverage is intended to close those gaps and allow developers to build markets that more closely reflect real-world trading conditions.

Growing Interest in Tokenized AssetsThe move comes as interest in tokenized real-world assets continues to grow. Analysts estimate that on-chain versions of traditional assets such as stocks, bonds, and funds could reach tens of trillions of dollars over the next decade if regulatory and technical hurdles are addressed.

Chainlink said the new equity feeds are now live across more than 40 blockchain networks, allowing developers to integrate U.S. stock data into applications that operate beyond traditional market hours.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

The Canton Network price continues to draw attention as institutional finance and crypto are converging around real-world utility. Now, as CC crypto is witnessing massive rise in its onchain adoption, large-scale collateral activity, and even sees renewed technical strength, its turns Canton Network’s position as a serious infrastructure layer for regulated financial markets more vividly.

Canton Network’s Institutional Design Comes Into FocusThe Canton Network crypto ecosystem is designed as a purpose-built institutional finance platform that blends privacy, compliance, and scalability within a public yet permissioned framework. 

As discussions across traditional finance and blockchain intensify, RWA’s are displaying their edge with most potential for growth and projects surrounding these narratives could tend to grow faster, and here Canton Network is a clear example.

Notably, public commentary from major financial and blockchain infrastructure players has also strengthened Canton Network’s credibility as a settlement-grade blockchain.

Onchain Collateral and Always-On MarketsMoreover, in a recent post on X, the network mentioned a core inefficiency in global finance, where they highlighted that trillions of dollars in collateral remained idle due to operational friction. 

By enabling real-time onchain collateral mobility, Canton Network seeks to address delivery failures, excess postings, and high trade operating costs that still dominate offchain systems.

In practice, Canton Network enables instant delivery-versus-payment settlement, allowing collateral to be financed, reused, and optimized intraday. 

As a result, capital previously locked overnight can remain productive. This shift supports intraday repo markets, after-hours collateral mobility, and continuous precision rather than batch-based uncertainty.

Today, trillions in collateral sit idle, over-posted, or trapped overnight, when it could be working intraday.

The unlock is real-time collateral mobility onchain.

Let’s dive in👇 pic.twitter.com/MJ113f33B6

— Canton Network (@CantonNetwork) January 20, 2026 Use cases such as repo markets, high-quality liquid assets, tokenized funds, and digital money for settlement are already forming the backbone of this always-on architecture. 

Consequently, Canton Network price forecast discussions are increasingly tied to usage metrics rather than speculative narratives alone.

Ecosystem Growth and Onchain MetricsAccording to official data, the Canton ecosystem has surpassed $6 trillion in onchain value, including roughly $4 trillion in monthly repo activity and more than $300 billion in daily repo volume. The validator network has expanded to over 600 validators, supported by 30 super validators, reinforcing operational resilience.

Adoption metrics further support this trend. Cumulative unique participants have climbed past 237,000, while daily active users hover near 38,000. Daily transactions exceeding 700,000 illustrate consistent usage growth, contributing to broader confidence in Canton Network price USD performance.

Canton Network Price Chart Signals Decision PointFrom a technical perspective, the Canton Network price chart reveals a developing cup-and-handle structure on the daily timeframe. Price action is approaching the pattern’s upper boundary, while the recent rebound from the $0.11 support zone signals renewed demand. 

At the time of writing, Canton Network price today trades near $0.1289, following a notable intraday recovery.

In addition, an ascending channel remains intact, reinforcing a constructive bias as long as key support holds. If momentum continues, discussions around a short-term Canton Network price prediction toward the $0.20 area may gain traction. 

However, failure to hold structural support would invalidate the setup and shift sentiment accordingly.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Comparing Dogecoin to NVIDIA may seem illogical at first. One is a speculative digital asset rooted in internet culture, while the other is a leading equity in the AI and tech sector. However, a chart shared by cycle analyst @Cryptollica reframes the comparison by stripping away narrative and focusing on capital flows. Rather than asking which story is more compelling, it examines how money has historically rotated between established market leaders and high‑risk assets as cycles mature.

What The Dogecoin—NVIDIA Chart Is Showing Investors The chart posted by Cryptollica tracks the DOGE-to-NVIDIA ratio across multiple market cycles, emphasizing relative performance rather than absolute price. This perspective matters because it highlights where capital has generated the highest marginal returns over time. Historically, the ratio has moved within a clearly defined downward channel, with major turning points occurring when the price reaches the lower boundary of that structure.

During both the 2017 and 2021 cycles, the ratio compressed into this same support area. In each case, NVIDIA had already realized significant upside, while Dogecoin remained heavily discounted in relative terms. What followed was not a breakdown in NVIDIA’s price, but a period where Dogecoin significantly outperformed as speculative capital rotated back into higher-risk opportunities.

The current structure mirrors those earlier conditions. The ratio is again testing long-term support, signaling a familiar imbalance: extended gains already priced into NVIDIA, and suppressed relative value in Dogecoin. In previous cycles, this setup preceded sharp shifts in relative performance as liquidity began favoring assets with greater upside sensitivity.

What A Rotation Environment Means For Dogecoin The pattern highlighted by the chart centers on rotation rather than decline. When leading trades lose momentum, capital typically stays within the market and seeks higher beta exposure. Historically, Dogecoin has benefited during these transitions, serving as a vehicle for speculative flows once dominant growth assets reached saturation.

Source: X This does not imply weakness in NVIDIA’s underlying fundamentals. Its valuation remains tied to sustained AI-driven growth expectations. Dogecoin, however, operates under a different dynamic, driven largely by sentiment and liquidity conditions. When markets move from concentration into dispersion, assets like DOGE have previously delivered outsized percentage gains.

The chart suggests that a similar environment may be forming again. At comparable points in past cycles, Dogecoin outperformed after NVIDIA-like leaders had already completed their primary expansion phase. If the ratio holds its historical support, the data points to a renewed window where DOGE could outperform on a relative basis.

Rather than predicting hype-driven rallies, the chart highlights a recurring structural relationship between capital leaders and speculative assets. Whether the pattern repeats will depend on liquidity and risk appetite, but the setup reflects a consistent historical behavior that has appeared more than once across market cycles.

DOGE fails to establish support | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

XRP price rejected from a major volume resistance near the point of control, confirming another lower high and keeping downside risk active toward the $0.58 range low.

Summary

XRP failed at POC volume resistance, signaling supply overhead Rejection confirmed a lower high, keeping the bearish trend active Next downside objective remains the $0.58 range low XRP (XRP) price is showing continued weakness after the latest rally failed at a key volume-based resistance level, reinforcing the broader bearish market structure. The rejection occurred near the Point of Control (POC), a major high-volume node where heavy trading activity has previously concentrated.

When price fails to reclaim and hold above the POC, it often signals that supply remains dominant and that buyers lack conviction at higher levels.

XRP price key technical points XRP rejected from volume resistance at the Point of Control (POC) The rejection formed another lower high, maintaining bearish structure Downside rotation remains active toward the $0.58 range low XRPUSDT (1D) Chart, Source: TradingView The Point of Control is one of the most important volume profile levels in range structures. It represents the price level where the highest volume has traded and often acts as a pivot between bullish and bearish market phases. When XRP trades below this level, the market tends to remain weak and range-bound, with resistance overhead continuously pressuring upside attempts.

XRP’s recent rejection at this volume node signals that sellers are still active at that price zone. Rather than breaking through and sustaining higher value, price stalled and reversed, showing that demand was not strong enough to absorb supply at resistance.

This is a key detail because rallies that fail at high-volume resistance often lead to deeper rotations lower. The market effectively “rejects” the attempt to move into higher-value territory, and the price returns to test lower-liquidity zones where buyers may step in again.

Lower high confirms bearish market structure From a market structure perspective, XRP is still trading in a bearish framework characterized by lower highs and lower lows. The most recent rejection from the POC has confirmed another lower high, indicating the bearish trend remains intact and the market has not yet entered a bullish reversal phase.

Lower highs are significant because they show that sellers remain in control of the trend. Even when XRP rallies, it continues to fail at resistance and cannot reclaim key levels on a closing basis. This behavior keeps downward momentum active and increases the likelihood that the market will revisit prior support levels.

Until XRP can reclaim the POC and hold above it, the structure remains bearish. Any rally into resistance is likely to be treated as a corrective move rather than a confirmed trend reversal.

$0.58 range low becomes the next objective The next major downside target is the $0.58 range low, which represents a critical support level in XRP’s macro trading environment. This zone has been tested multiple times, and each test previously triggered a bullish reaction and short-term bounce.

Because of this repeated behavior, $0.58 remains a key liquidity and demand area where buyers may attempt another defense. However, it is important to recognize that even if XRP bounces from $0.58 again, that bounce may still be part of a broader sideways range rather than the start of a true trend reversal.

In range markets, price often rotates between resistance and support repeatedly before a decisive breakout occurs. A bounce from the range low can continue the sideways structure, while a breakdown below it can trigger accelerated downside continuation.

Bearish candle follow-through strengthens rejection The rejection has not been minor. XRP has printed multiple bearish follow-through candles after failing at the POC, confirming that downside momentum is active. Follow-through candles are important because they validate that sellers are not only defending resistance, but also pressing price lower with strength.

This matters because weak rejections often lead to sideways consolidation. Strong rejections with follow-through typically lead to continuation moves, where the market rotates lower toward the next liquidity zone.

In XRP’s case, bearish follow-through suggests the market is likely to continue moving lower unless buyers step in aggressively to reclaim structure. The longer XRP remains capped below the volume resistance zone, the more likely it is that price continues rotating toward the range low.

What to expect in the coming price action XRP remains weak after rejecting from the high-volume Point of Control, confirming another lower high and maintaining bearish market structure. As long as price stays capped below volume resistance, the probability favors continued downside rotation toward the $0.58 range low.

If XRP reaches $0.58, a bounce is possible given historical reactions, but it would likely continue the broader sideways range unless a structural breakout occurs. A decisive breakdown below $0.58 would shift momentum further bearish and open the door for deeper downside targets.

Gaming tokens SAND, AXS, and MANA are up by 6-15%. BTC and ETH are testing critical resistance levels amid the crypto market decline. The Bank of Japan (BoJ) is likely to hike its rate, adding volatility. Three gaming tokens are defying the ongoing decline across the global crypto market. These are SAND, AXS, and MANA, noting a surge between 6-15% as the article is being written. The current downswings in the crypto market are rooted to the rising uncertainty in international trade – likely to be more complicated after the Bank of Japan (BoJ) hints at hiking its rates.

Gaming Tokens on the Rise The Sandbox, SAND, is up by 7.55% over the last 24 hours. It is now trading at $0.1468. The value is also up by 25.35% in the last 7 days. However, it has retraced its steps back by almost 1.94%. Nevertheless, it is defying market momentum with an upswing along with Axie Infinity (AXS) and Decentraland (MANA).

AXS has recorded the highest surge in 24 hours and also in 7 days. The token is up by 15.77% and 110.55% in the respective timelines. It is now trading at $2.02 with a slight slip of 0.83% in the last 1 hour. MANA has made decent gains to $0.1593. It is up by 6.76% in 24 hours and 10.86% in 7 days.

Notably, top gaming tokens like RENDER and FLOKI have shed 5.08% and 0.47% in 24 hours, applicable in the same order.

Global Crypto Market Loses Momentum The global crypto market has lost its momentum with BTC and ETH testing critical resistance levels of $90k and $3k, respectively. BNB and SOL are attempting to reclaim highs, but they continue to be pulled back by losses over 24 hours and 7 days. BNB is listed at $913.16, and SOL is at $129.13.

The struggle of the crypto market is also evident in a decline of 1.90% in its market cap along with a shift to 42 points in the FG Index. The meme crypto segment does not have a lot of winners as well, considering DOGE and SHIB are down by 9.74% and 8.86% over the last 7 days, respectively.

Will BoJ Increase Volatility? Volatility in the crypto market depends on multiple factors; however, some of the attention is on the Bank of Japan, or BoJ. It has hinted at the possibility of raising rates following the yen depreciation. Ayako Fujita, Japan’s Chief Economist at JPMorgan Securities, has said that the BoJ has a negative stand on hiking the rate consecutively. Ayako, as reported by Reuters, added that the recent Yen depreciation may prompt a change here.

Notably, the BoJ raised interest rates to 0.75% in December last year (2025), making it the highest in 30 years. A decision is likely to be announced on January 23, 2026, at 03:30-04:30 GMT.

Highlighted Crypto News Today:

Bermuda Partners with Circle and Coinbase for World’s First On-Chain National Economy

Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything.

MegaETH mainnet goes live Jan 22 with a high-load global stress test. Project targets near-instant Ethereum transactions at massive scale. MegaETH, a high-performance blockchain, has announced that its mainnet will launch on January 22, 2026, starting with a global stress test designed to evaluate the network’s performance under heavy transaction loads. The initial launch will be limited in access, allowing only selected users and applications to participate rather than opening the network to the public immediately.

Early access will mainly be given to applications that require high transaction speed, such as trading platforms, gaming applications, and payment services. Once the stress testing phase is completed and network stability is confirmed, MegaETH plans to gradually open access to the wider public. 

The MegaETH Global Stress Test

11B transactions in 7 days.

On Jan 22nd, we’re opening mainnet to users for several latency-sensitive apps while the chain is under intense sustained load.

Ultra-low fees. Real-time transactions.

Public Mainnet in the days that follow. pic.twitter.com/ZIOZnctCZJ

— MegaETH (@megaeth) January 19, 2026 MegaETH Stress Test Aims to Prove Ethereum-Scale Speed at Low Cost According to the project team, MegaETH aims to process up to 11 billion transactions in 7 days by keeping very low transaction fees and delivering near instant transaction confirmations. The team will monitor network stability, confirmation times, and actual fees under heavy load during the test. 

MegaETH is designed to make the Ethereum ecosystem faster and cheaper. While Ethereum prioritizes strong security and decentralization, this makes transactions slow and costly. MegaETH tries to solve this by handling the transaction faster and more efficiently while remaining compatible with existing Ethereum tools. 

According to the team, the network is built to support real-time applications, including on-chain trading, gaming, real-time payments, and fast DeFi applications. Unlike many scaling solutions that mainly focus on reducing the fees, MegaETH focuses on reducing the delay in transaction processing.  

Industry observers say that the launch will be closely watched to see whether MegaETH can remain stable under pressure, how fees behave during peak usage, and whether developers will adopt the platform. The January 22 test will help to determine how quickly the network opens to more users and how important it could become for the ethereum based applications. 

Highlighted Crypto News:

MemeCore (M) Price Prediction 2026, 2027-2030   

Key NotesStrategy paid an average of $95,284 per Bitcoin during the January 12-19 acquisition period.The company has now spent $53.92 billion acquiring Bitcoin at an average cost of $75,979 per coin.Strategy sold company shares to fund the purchase, raising $2.125 billion in the process. Strategy disclosed its third and largest Bitcoin BTC $90 565 24h volatility: 2.6% Market cap: $1.81 T Vol. 24h: $47.71 B acquisition of 2026 on January 19, purchasing 22,305 BTC for approximately $2.13 billion.

The company’s total holdings now stand at 709,715 BTC, representing roughly 3.38% of Bitcoin’s total 21 million supply.

The acquisition occurred between January 12 and January 19 at an average price of $95,284 per coin, according to the company’s SEC filing.

Strategy has acquired 22,305 BTC for ~$2.13 billion at ~$95,284 per bitcoin. As of 1/19/2026, we hodl 709,715 $BTC acquired for ~$53.92 billion at ~$75,979 per bitcoin. $MSTR $STRC https://t.co/pJM0Yuy32w

— Michael Saylor (@saylor) January 20, 2026

Executive Chairman Michael Saylor confirmed the purchase on X, sharing the company’s updated holdings. Saylor hinted at new Bitcoin accumulation on January 19 by posting his familiar “₿igger Orange” signal before the regulatory filing.

Bitcoin Treasury Expansion The acquisition follows Strategy’s previous $1.25 billion purchase of 13,627 BTC disclosed on January 12. The company has added 37,218 BTC to its treasury in January 2026 alone, including an earlier 1,286 BTC purchase.

Top 100 public companies by Bitcoin treasury holdings as of January 20, 2026. | Source: BitcoinTreasuries.net

Strategy holds more Bitcoin than any other publicly traded company in the world. Its position is over 13 times larger than the second-largest corporate holder, MARA Holdings, which owns 53,250 BTC as of January 20.

Capital Raise Program Strategy funded the purchase by selling company shares on the open market. The company raised $1.827 billion from common stock sales and $297.7 million from preferred share offerings.

The capital raise has exceeded Strategy’s original $42 billion target under its 21/21 Plan. Strategy reached the goal in approximately 13 months, ahead of the original three-year timeline.

Strategy’s ATM share sales breakdown for the week ending Jan. 19, 2026. | Source: SEC Form 8-K

The company can raise an additional $38 billion through future share sales, according to the filing. Strategy’s stock closed at $173.71 on January 17.

The stock has declined approximately 66% from its 2025 peak, and the company’s share count has grown from 77 million to roughly 267 million since 2021 as Strategy funds Bitcoin purchases through equity sales.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X

Solana ecosystem tokens fell this week amid heightened geopolitical turbulence and uneven sentiment across the network’s most prominent market segments.

Solana ecosystem tokens fell this week amid heightened geopolitical turbulence and uneven sentiment across the network’s most prominent market segments.

The total market capitalization of Solana-based tokens declined more than 9.4% week-over-week (WoW), broadly tracking the performance of Solana (SOL), which fell around 9.5% over the same period, according to data from CoinMarketCap.

The Solana ecosystem market cap dropped from over $202 billion on Jan. 13 to less than $184 billion on Jan. 20, per the data.

The sell-off mirrored broader market volatility amid rising diplomatic tensions between the United States and European countries.

Solana ecosystem tokens declined 9.4% this week. Source: CoinMarketCap

InfoFi logged especially sharp losses. Kaito (KAITO), widely considered Solana’s flagship InfoFi token, fell nearly 25% after social media platform X imposed access restrictions on the project. InfoFi projects use tokens to monetize user engagement and information sharing.

By contrast, tokenized real-world assets (RWAs) on Solana reached a record total market cap of more than $1 billion as financial institutions continued to embrace the blockchain network. RWAs are on-chain representations of traditional financial instruments.

KAITO Slides as X Throttles InfoFi On Jan. 15, X restricted access to the platform for InfoFi projects. Source: X/Nikita Bier

KAITO fell sharply after X revoked API access for InfoFi projects on Jan. 15.

“We will no longer allow apps that reward users for posting on X (also known as ‘infofi’),” Nikita Bier, X’s head of product, said in a post. “This has led to a tremendous amount of AI slop and reply spam on the platform.”

Kaito aggregates performance data for posts on X and rewards users whose content drives engagement.

KAITO has fallen roughly 30% since Jan. 15, declining from a market cap of more than $165 million to less than $110 million by Jan. 20, according to data from CoinMarketCap.

The token’s Fully Diluted Value (FDV), which reflects the value of all circulating and non-circulating tokens at current prices, stood at over $450 million as of Jan. 20, CoinMarketCap data showed.

RWAs on Solana Surpass $1 Billion Total market cap of Solana RWAs broke $1B this week. Source: Capital Markets

Tokenized real-world assets on Solana surpassed $1 billion in total market capitalization this week as traditional financial institutions continued to gravitate toward the blockchain network.

On Jan. 15, tokenized RWAs reached a total market cap of $1.15 billion, according to Capital Markets, a Solana network–affiliated account on X.

The figure represents an increase of more than 500% YoY, reflecting growth across multiple tokenized asset classes, including U.S. Treasury debt, equities, alternative assets, and corporate debt, the data shows.

ZORA Expands to Solana The ZORA token is now tradable on Solana. Source: X/Zora

On Jan. 16, Zora (ZORA), a Web3-native social media platform built on Coinbase’s Base network, expanded to Solana, making its ZORA token tradable natively on the network.

Zora lets users turn posts, images, and videos into tradable coins that generate fees for creators.

The ZORA token can now be traded through applications including Jupiter Exchange, Phantom, Meteora and Raydium. The Base network continues to host Zora’s Web3 application and core liquidity pools.

As of Jan. 20, ZORA had a market capitalization of about $141 million and an FDV of roughly $315 million, according to data from CoinMarketCap.

In a Jan. 16 post on X, Solana’s consumer ecosystem lead Pedro Miranda said that “more fun assets like Zora” are expected to launch on the network soon.

By the Numbers Total Solana Ecosystem Market Cap: $183.6B

Top 5 Solana Coins by Market Cap:

Solana (SOL): $72.7B ChainLink (LINK): $8.8B World Liberty Financial (WLFI): $4.2B Uniswap (UNI): $3.0B Aave (AAVE): $2.1B Source: CoinMarketCap

Most Visited Solana Coins:

Masters of Trivia (MOT) Solana (SOL) ChainLink (LINK) Axie Infinity (AXS) Terra Classic (LUNC) Source: CoinMarketCap

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.

XRP's on-chain structure now mirrors a precarious moment from early 2022, when short-term accumulation beneath longer-term cost bases set the stage for prolonged sideways chop.

Glassnode flagged the pattern on Jan. 19: investors active over the 1-week to 1-month window are buying below the realized price of the 6- to 12-month cohort.

That age-band inversion means newer buyers hold a better average entry than prior “top buyers,” and as the configuration persists, psychological pressure on underwater holders intensifies.

XRP's 6-12 month cohort (yellow line) holds cost bases above current spot price, creating overhead resistance as newer buyers accumulate lower.Each rally toward their breakeven becomes a potential exit ramp, turning relief into resistance.

The question isn't whether pressure exists, it does. The question is whether that pressure is translating into actual distribution, and whether leverage is positioned to amplify the next move.

Supply in profit sits near healthy levels, but cohort stress persistsSantiment data shows that 71.5% of the XRP supply is in profit as of Jan. 19, with the token priced at $2.01. That places the market within the range typically associated with healthier bull structures, where the majority of holders sit comfortably above water.

But the aggregate figure masks the structural tension Glassnode identifies: the six-to-12-month cohort holds cost bases materially above where recent participants are accumulating.

XRP realized profit/loss spiked sharply in early January while the percentage of supply in profit declined from prior highs.Markets don't move through aggregate averages. Instead, they move through clustered layers of supply at distinct cost bases. When short-term buyers accumulate stressed longer-term holders, rallies encounter fresh selling pressure from cohorts seeking to reduce risk or exit positions that have tested conviction for months.

The cohort inversion matters more when the broader market is already skewed toward profits. With over 70% of supply in the green, rallies face higher odds of profit-taking layered on top of breakeven selling from top buyers.

That dual pressure can cap momentum before it builds.

Realized profit and loss patterns reveal distribution into ralliesIf top buyers are cracking, it shows up as realized losses on downswings and realized profits in relief rallies. Santiment data tracks the pattern: XRP realized profit and loss jumped from 5.15 million on Jan. 12 to 104.2 million on Jan. 14, before cooling to 1.42 million by Jan. 16.

XRP's realized profit/loss ratio spiked sharply in early January, indicating heightened on-chain spending activity during price volatility.That mid-week spike coincided with price volatility around the $2 zone, capturing on-chain spending behavior as stressed cohorts moved coins in response to short-term price action.

When realized profits spike during rallies while the cohort inversion persists, it reads as relief-rally selling and top buyers getting out. When realized losses spike without price making materially lower lows, it can signal capitulation, the final wave of discouraged sellers exiting before sentiment shifts.

The distinction determines whether current price action represents a floor or simply a pause before deeper selling.

Exchange flows confirm accumulation bias despite cohort stressCryptoQuant data shows XRP exchange reserves on Binance at 5.55 billion tokens as of Jan. 17, with daily outflows of 1.1 million XRP outpacing inflows of 629,500 XRP.

XRP exchange inflows (top) and outflows (bottom) spiked in mid-December, with outflows consistently exceeding inflows through mid-January, indicating net self-custody movement.That net-outflow dynamic persists even as the age-band inversion creates overhead supply, suggesting newer participants are absorbing coins and moving them to self-custody rather than leaving them on exchanges for near-term sale.

If overhead supply were cleared by selling, exchange inflows would rise around the same periods when realized profits jump.

The current flow pattern of net outflows, while realized profit and loss remain elevated, supports an accumulation read. Pressure exists, but it hasn't yet been translated into sustained market sell flow.

That can change quickly if stressed holders decide relief rallies are their last chance to exit.

Derivatives reset removes forced-selling fuel but limits breakout powerCoinGlass data shows XRP open interest at $3.58 billion as of Jan. 19, with funding rates at 0.0041% and $42.44 million in liquidations over the prior 24 hours.

That configuration reflects a market where leverage has been significantly reduced from prior highs, stripping out the speculative positioning that fueled October's rally.

Lower open interest reduces the risk of cascading liquidations, as underwater longs have already been flushed. Still, it also removes the reflexive leverage bid that typically powers clean breakouts through overhead resistance.

Cohort pressure becomes reflexive when leverage builds on top of it. Rising open interest and one-sided funding can turn normal sell pressure into cascades.

The current setup of muted funding and moderate open interest suggests the structure is more likely to play out as spot-led chop and slower grind, where pressure builds but forced flow remains limited.

Three paths forward, each data-dependentThe next two to six weeks will clarify which scenario takes hold.

Continued net outflows, stabilizing realized profit and loss, and muted funding would confirm absorption and constructive positioning.

Rising exchange inflows, realized profits spiking into rallies, and funding re-accelerating would validate the “sell-the-rips” thesis, confirming that the age-band inversion is actively translating into distribution.

Rising inflows, paired with realized-loss spikes and liquidation bursts, would flag capitulation risk, even with open interest below prior cycles. February 2022 took months to resolve.

XRP's current structure is healthy on the surface but strained beneath the surface. It suggests the same patience will define the next phase.

Mentioned in this article

Solana (SOL) price dropped below $130 for the first time since Jan. 2 as onchain data suggested that a strong recovery could be in the cards for the top-10 altcoin.

Key takeaways:

SOL dips below $130 amid marketwide pullback, but whales remain confident as they load up more tokens. 

SOL exchange supply falls to two-year lows, signaling a reduction in sell pressure.

Recovery in network activity boosting onchain demand for SOL.

SOL’s accumulation trend strengthensSOL whales remain confident about the prospects of a further rally, using the pullback to $120 seen at the end of 2025 to accumulate more tokens. 

Data from Glassnode reveals that whale addresses holding between 1,000 and 10,000 tokens have increased sharply since late November 2025, as shown in the chart below. These entities now hold approximately 48 million SOL, about 9% of the total circulating supply. 

Addresses with at least 100,000 tokens now hold 362 million tokens, up from 347 million tokens on Nov. 17, 2025, representing 64% of the total supply.

SOL: Number of whale addresses holding 1K-100K tokens. Source: GlassnodeOther data also suggests that the market has been in an accumulation phase as long-term holders (LTHs) buying pressure increased.

The Hodler net position change has been positive since the final week of December 2025, rising to a 15-month high of 3.85 million SOL on Sunday. In other words, holders have returned to accumulating SOL in anticipation of further price increases.

SOL LTH net position change. Source: GlassnodeThe last time LTH accumulation reached such levels was in October 2024, which preceded a 95% SOL price rally.

SOL supply on exchanges at two-year lowsThere is a substantial decrease in the SOL supply on exchanges since late November 2025, as evidenced by data from Glassnode. The chart below shows that the SOL balance on exchanges dropped by 5 million to 26,058,693 on Jan. 14, levels last seen on Jan. 12, 2023. 

SOL reserve on exchanges. Source: GlassnodeA reducing balance on exchanges suggests a lack of intention to sell by holders, reinforcing the upside potential.

Solana network activity shows signs of recovery Strong onchain metrics, indicative of an active ecosystem, support SOL’s potential to stage a parabolic rally over the next few weeks.

Daily active addresses have increased by 51% over the last seven days to a six-month high above 5 million this week, according to data from Nansen. This reflects robust user engagement and demand for Solana’s decentralized applications and staking services.

Daily average transactions climbed by 20% over the same period to 78 million on Tuesday, levels last seen in mid-August 2025. This underscores the network’s scalability and growing adoption.

Ethereum daily active addresses and transaction count. Source: NansenMeanwhile, Solana’s stablecoin supply has skyrocketed over 15% in the last seven days, surging to an all-time high of $15 billion, according to data from Token Terminal.

This indicates potential shifts in crypto liquidity dynamics, reinforcing Solana’s ecosystem stability and attracting investor focus.

Solana: Stablecoin supply. Source: Token Terminal 
The surge in Solana’s stablecoin supply “represents new liquidity entering the network,” analyst Milk Road said in a recent post on X, adding

“In practical terms, more stablecoins on $SOL means more capital available for trading, settlement, and application activity.”Increasing stablecoin supply signals surging onchain demand, boosting network utility, fees, and adoption, which supports the bullish case for SOL price. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Analysts, CoinDesk reporters and longtime industry participants weigh in on today's bitcoin, crypto and market price action.

TL;DR

Pump.fun launched the $3M Pump Fund “Build in Public” hackathon to back 12 projects, requiring founders to keep at least 10% supply. The 30-day sprint targets $250,000 per winner at a stated $10M valuation, tying selection to shipping, roadmaps, traction, and mentorship. Activity has cooled: volume fell from $11.75B in Jan 2025 to $2.43B in Dec; PUMP is about 70% below September highs near $0.0026, and daily launches topped 30,000. Pump.fun is pushing beyond rapid memecoin launches with a new $3M initiative called Pump Fund. The core message is that early-stage funding can be crowdsourced through transparent building and token market feedback. The program kicks off with a “Build in Public” hackathon that aims to back 12 projects. Instead of pitching to venture firms or judge panels, teams launch a token and let market participation help decide what rises. Builders must retain at least 10% of their token supply so founders keep meaningful exposure to upside.

Introducing the $3,000,000 Build in Public Hackathon

Brought to you by Pump Fund – pump fun’s New Investment Arm

It’s time to completely reimagine how early-stage projects are built and funded.

Learn more 👇 pic.twitter.com/l1TJcxv1J0

— Pump.fun (@Pumpfun) January 19, 2026

How the $3M Hackathon Works and What It Changes for Builders in Practice The hackathon runs for 30 days and distributes $3M across 12 winners, effectively $250,000 per team at a stated $10M valuation. Teams are expected to ship quickly and share regular public updates so supporters can track execution in real time. In this format, price discovery and shipping velocity become the screening layer, not a private pitch deck. Pump.fun says it will weigh product delivery, roadmap communication, organic traction, and long-term viability, while offering direct mentorship from its founders for long-term alignment. It also says backed ventures do not need to be crypto-native.

The pivot lands as the platform’s core trading numbers have cooled. Monthly trading volume reportedly peaked at $11.75B in January 2025 and fell to $2.43B by December, underscoring waning appetite for speculative memecoins. Launching a builder fund looks like a portfolio diversification play to smooth activity through the cycle. PUMP has also struggled: since an all-time high in September, it is described as down roughly 70% to about $0.0026. Still, daily token launches recently topped 30,000 in a single day after creator incentives were updated. It says it raised over $1B within minutes when PUMP debuted.

Co-founder Alon Cohen says demand for strong founders remains high and argues tokenization enables projects to receive capital directly from users, with instant liquidity as the differentiator. If the market rewards real progress, Pump Fund could turn speculation into an accountable, repeatable startup funnel. The model still layers venture-style checks and mentorship on top of the market signal, and the 10% founder hold keeps teams exposed to both upside and downside. Pump.fun says it facilitated the launch of millions of tokens across 2024 and 2025 and generated hundreds of millions in fees.

Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesJan 20 (Reuters) - Billionaire Michael Saylor's bitcoin-focused firm Strategy (MSTR.O), opens new tab said on Tuesday it bought about $2.13 billion worth ​of bitcoin over the past eight days, ‌stepping up purchases even as its stock has been pressured by cryptocurrency volatility.

The company acquired roughly 22,305 bitcoin between the ‌period of January 12 and January ​19, according to a regulatory filing.

Sign up here.

Saylor said in an X post on Tuesday ‍that Strategy holds 709,715 bitcoin as of January 19.

Shares of the company slid about 6.6% as ⁠bitcoin fell 2.4%, underscoring the stock's sensitivity ‍to moves in the cryptocurrency.

Strategy said the purchases ‌of ‌bitcoin were funded with proceeds from its at-the-market offering program.

Earlier this month, Strategy reported an unrealized loss of $17.44 billion on its ⁠digital assets ⁠in ​the fourth quarter, reflecting a drop in the value of its bitcoin holdings in the quarter, a ‍paper hit that has weighed on investor sentiment alongside sharp crypto-market swings.

Strategy, which started out ​as software company MicroStrategy, ‍began buying and holding bitcoin in 2020.

Reporting by Prakhar ​Srivastava in Bengaluru; Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles., opens new tab

U.S. Treasury Secretary Scott Bessent offered one of the clearest public explanations to date of the Trump administration’s approach to the Strategic Bitcoin Reserve (SBR) and broader digital-asset policy framework, saying the government has halted all Bitcoin sales and will continue adding seized BTC to federal holdings once legal proceedings are complete. 

His comments came during a recent interview in which he was pressed on the future of America’s Bitcoin strategy and the political tensions surrounding high-profile crypto seizures.

The remarks arrive at a pivotal moment: the United States now controls hundreds of thousands of BTC across various agencies, and implementation of the 2025 executive order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile has proceeded more slowly than expected due to interagency legal constraints.

Administration Reverses Prior Approach, Digital Assets Are Coming “Onshore”Speaking in an interview today, Bessent emphasized that the administration is determined to position the United States as the world’s leading regulatory jurisdiction for digital assets, highlighting recent bipartisan legislative wins such as the Genius Act, which is the first comprehensive federal stablecoin statute.

“We want to be the best regulatory regime for digital assets and creativity to spark innovation,” Bessent said, drawing a distinction from what he described as the prior administration’s “extinction-event” approach to crypto companies.

The comments reflect a broader policy shift since 2024: rather than pushing crypto activity offshore through enforcement-heavy measures, the White House and Treasury are now presenting digital-asset engagement as an element of economic competitiveness.

Seized Bitcoin Will Be Added to Federal Reserves — Not SoldAsked directly about the growing volume of Bitcoin seized in federal cases, including recent actions in the Southern District of New York involving developers linked to Tornado Cash,  Bessent avoided specific legal commentary but confirmed the government’s policy direction.

“If anything was seized, I believe it would have been seized from the founders,” he said. “And the policy of this government is to add seized Bitcoin to our digital asset reserve after the damages are done.”

He underscored that the first step in implementing the Strategic Bitcoin Reserve was to “stop selling,” a major reversal from years of U.S. Marshals Service auctions that periodically disposed of billions of dollars in seized BTC.

The Strategic Bitcoin Reserve: From Executive Order to Slow ImplementationThe Strategic Bitcoin Reserve, created under a March 2025 executive order, designates Bitcoin as a long-term strategic asset similar to gold or petroleum stockpiles. Under current policy:

Bitcoin placed in the SBR cannot be sold.

Additions currently come almost exclusively from asset forfeitures.

Specific guidelines for custody, reporting, and interagency coordination remain in development.

Meanwhile, the Digital Asset Stockpile, a companion program, is intended to hold non-Bitcoin crypto assets such as ETH, XRP, and SOL that enter federal ownership through enforcement or penalties.

Yet, despite the legal framework being in place, full operationalization has been delayed by what one White House advisor previously described as “obscure legal provisions” involving the Department of Justice, Treasury, and the Office of Legal Counsel.

Balancing Policy, Politics, and InnovationBessent’s comments indicate the administration wants to thread a needle: enforce existing law, encourage onshore digital-asset growth, and preserve seized Bitcoin as part of a national strategic hedge.

He avoided definitive statements about future Bitcoin purchases, an area where new congressional authority would likely be required. Current law allows the reserve to grow primarily through seizures, not market acquisitions.

Ripple has quietly built a broad financial infrastructure through a series of acquisitions, prompting some market experts to say the blockchain firm is now moving faster than traditional banking giants.

Speaking in a recent discussion, expert Allan Staple said Ripple’s purchases of firms such as Hidden Road, now rebranded as Ripple Prime, along with treasury and payments-focused platforms, marked a turning point in how the company is positioning itself.

He said the Hidden Road acquisition in particular was a “warning shot,” noting the brokerage’s large annual transaction volumes and its role in institutional markets.

From Crypto Firm to Full Financial PlatformStaple said Ripple is no longer acting like a narrow crypto company. Instead, he described it as building the foundations of a full-scale financial institution.

According to him, Ripple has already secured important pieces of the financial system, including brokerage services, payments infrastructure, stablecoin rails and early positioning in exchange-traded fund (ETF) products.

He added that only a small number of digital assets have gained access to ETF markets so far, and those that did benefited from greater regulatory clarity and investor access.

Comparison With JPMorganStaple argued that this pace of execution has allowed Ripple to move ahead of legacy institutions such as JPMorgan Chase, particularly in terms of technology and speed.

He said traditional banks face structural limits that make it harder for them to adapt quickly, while Ripple has been able to build modern systems designed specifically for global, real-time money movement.

“JPMorgan is behind them now in that race,” Staple said, referring to the competition to modernize financial infrastructure.

What an IPO Could MeanStaple also said a potential Ripple initial public offering could attract strong interest from investors, if it happens this year. He described Ripple as a company focused on future financial technology rather than short-term trends.

While no IPO timeline has been confirmed by Ripple, the discussion shows growing market focus on how major crypto firms are evolving into broader financial players.

Staple added that investors who claim deep knowledge of the crypto sector but ignore Ripple’s role may be overlooking a key part of where global finance is headed.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

In brief Shares of Strategy, SharpLink Gaming, MARA Holdings, and other top crypto stocks fell as Bitcoin hovered around $90,000. Bitcoin lost 2.5% in 24 hours while trading volume increased 14% to $68.6 billion amid post-holiday trading resumption. Trump's tariff threats on European nations over Greenland added to market uncertainty and geopolitical tensions. Strategy, SharpLink Gaming, and MARA Holdings took a dive with the rest of the crypto equities category as Bitcoin dipped below $90,000 on Tuesday morning.

At the time of writing, Bitcoin has been hovering between the $90,000 and $91,000 marks after having lost 2.5% since this time yesterday, according to crypto price aggregator CoinGecko. The price of Bitcoin dropped as low as $89,929 on Tuesday before rebounding to $90,535 as of this writing.

Bitcoin trading volume has gained 14% in the past day, rising to $68.6 billion, according to blockchain analytics platform CoinGlass.

Most U.S. institutions—including the New York Stock Exchange and Nasdaq—were closed on Monday in observance of Martin Luther King Jr. Day. Although crypto exchanges never close, increasing participation from institutional traders has meant that trading activity sometimes mimics that of traditional finance.

But traders are also dealing with the fallout of President Donald Trump's latest geopolitical saber rattling. The president vowed to "100%" follow through on a treat to impose tariffs on European countries who oppose his bid to take control of Greenland.

"The immediate market response to the proposed Greenland tariffs has been muted, but it adds another layer to the expected lasting geopolitical uncertainty that tariffs have established over the past year," Bitfinex analysts told Decrypt.

Major U.S. stock indices are down more than 1% so far Tuesday, but top crypto stocks have fallen much harder.

Bitcoin treasury giant Strategy, which just announced the purchase of $2.1 billion worth of Bitcoin, has seen its shares tumble more than 6% since the opening bell in New York. MSTR, which trades on the Nasdaq, was recently changing hands for $162.60 after falling to a weekly low under $160.

Meanwhile, Ethereum treasury firm SharpLink Gaming has seen its shares, which trade on the Nasdaq under the SBET ticker, fall 7.8% to trade for $10.14. The company now has roughly $2.4 billion worth of ETH in its treasury, in what the CEO recently called "permanent capital."

“2025 was a year that DATs did their initial accumulation, 2026 needs to be the year of productivity,” SharpLink CEO Joseph Chalom said last week on "FOMO Hour," a show from Decrypt’s sister company, Rug Radio.

And Bitcoin miner MARA Holdings has seen its shares drop 5.7% to trade at $10.70 at the time of writing. Late last year, the company signed a letter of intent for midstream energy infrastructure company MPLX to supply natural gas to its data center campuses in West Texas—including the creation of new facilities.

It tends to be the case that Bitcoin miners, like MARA, take a hit when BTC drops. Wintermute analysts said in a note shared with Decrypt that while Bitcoin's dip is troubling, they're not convinced that this is the preamble to a free fall.

"[The] setup feels like we're coiling rather than breaking down, however we need the psychological level of $90K to provide good support here or we risk testing mid-$80K again," they wrote.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

LOS ANGELES, Jan. 20, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bitdeer Technologies Group (“Bitdeer” or “the Company”) (NASDAQ: BTDR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 6, 2024 through November 10, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before February 2, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Bitdeer consistently made positive statements to investors while concealing the true status of its SEALMINER A4 project. The Company failed to inform investors that its A4 rigs would not be capable of utilizing the SEAL04 chip to achieve energy efficiency because the chip was not ready for production. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Bitdeer, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

3 Marijuana Stocks To Watch As The Market Heats Up

3 minute read How To Buy Marijuana Stocks In 2026 That Will Make You Money Most marijuana stock investors have gotten used to how the sector behaves in certain scenarios. For example, history has shown that political news on reform, mainly in the USA, leads to better trading. As well as news on a company strong enough to move the stock up becuase of it, like strong earnings or a strategic partnership. Right now, there is high speculation on what will occur in 2026. This year is another pivotal one, already bringing many changes to the cannabis industry as a whole.

Ideally, one day, you would want a truly global industry where cannabis companies can collaborate across the world. At this moment, the United States and Canada are the true front-runners of the industry, making the most headway. In the U.S specifically, there is much to be done with the recent rescheduling of cannabis. Now that cannabis is a class 3 substance to the federal government, this could help the public sector.

Cannabis in the USA can now be tested and expanded on further without fear of federal trouble. This can help companies grow further, expand operations, and have the success needed to thrive in this industry. As 2026 is just starting, now is a good time to learn about the industry if you have an interest in investing. Below are some top marijuana stocks to watch that could soon begin to trade up in the stock market.

Top Marijuana Stocks Today Green Thumb Industries Inc. (OTC:GTBIF)
Greenlane Holdings, Inc. (NASDAQ:GNLN)
Curaleaf Holdings, Inc. (OTC:CURLF)

Green Thumb Industries Inc. Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods.

The last time Green Thumb provided a company update was back in 2025. On November 5th, the company reported its Q3 2025 earnings.

Q3 Highlights Key Mentions Revenue of $291.4 million, an increase of 1.6% over the prior year. Cash at quarter end totaled $226.2 million. GAAP net income of $23.3 million or $0.10 per basic and diluted share, excluding the one-time gain on asset sales, GAAP net income would have been $9.7 million or $0.04 per basic and diluted share. Adjusted EBITDA of $80.2 million or 27.5% of revenue. Cash flow from operations of $74.1 million. [Read More] 3 Canadian Marijuana Stocks For Investors In 2026

Greenlane Holdings, Inc. Greenlane Holdings, Inc. engages in the development and distribution of cannabis accessories, vape devices, and lifestyle products in the United States, Canada, Europe, and Latin America.

In recent updates, the company has held its annual stockholder meeting. During this meeting, it was announced that Canopy Growth Co founder Bruce Linton will join Greenlane’s board of directors.

[Read More] Top Ancillary Cannabis Plays Investors Are Watching in January 2026

Curaleaf Holdings, Inc. Curaleaf Holdings, Inc. produces and distributes cannabis products in the United States and internationally. In recent news, the company reported strong preliminary unaudited Q4 2025 results.

Q4 2025 Unaudited Highlights Fourth quarter net revenue excluding the discontinued businesses is expected to be at least $330 million. Fourth quarter adjusted gross profit margin(1) excluding the discontinued businesses is expected to be approximately 48.5%. MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

LOS ANGELES, Jan. 20, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Gauzy Ltd. (“Gauzy” or “the Company”) (NASDAQ: GAUZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between March 11, 2025 and November 13, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before February 6, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Multiple subsidiaries of Gauzy located in France could not repay debts as they became due. Based on this failure, the Company’s senior secured debt facilities faced the potential of a default. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Gauzy, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm