Trump: Another government shutdown is possible. Pump.fun adjusts its fee structure.

Headline

▌Trump: Another US Government Shutdown Possible on January 30

Trump stated that another US government shutdown is possible on January 30.

▌Pump.fun Adjusts Creator Fee Mechanism, Daily Token Issuance Hits New High Since Last September

Solana Meme coin issuance platform Pump.fun announced adjustments to its creator fee system, stating that the existing mechanism has failed to effectively influence ordinary Meme coin deployers and may instead weaken trading activity. CEO Alon Cohen stated that while Dynamic Fees V1, launched last September, successfully attracted project teams and increased on-chain activity, creator fees, to some extent, incentivized low-risk token issuance rather than high-risk trading.

Policy

▌Bessenter: If the court rules against the Trump administration (tariff policy), the Treasury has sufficient funds to pay any tariff refunds

U.S. Treasury Secretary Bessenter: If the U.S. Supreme Court rules against the Trump administration (tariff policy), the Treasury has sufficient funds to pay any tariff refunds. (Jinshi)

▌30 Democrats, including former House Speaker, support anti-insider bill targeting prediction platforms

30 Democrats, including former House Speaker Nancy Pelosi, are actively supporting legislation that would prevent elected officials from engaging in politically related gambling in prediction markets, following previous gambling incidents linked to the arrest of former Venezuelan President Nicolás Maduro. The bill, titled the "Public Integrity Act for Financial Forecasting Markets of 2026," was formally introduced on Friday by New York Representative Rich Torres. This comes amid growing concerns about insider trading following a Polymarket account betting on Maduro's resignation at the end of the month and profiting $400,000. Three U.S. senators have called on Apple and Google to remove X and Grok from their app stores. The U.S. Supreme Court is expected to issue its ruling on the tariff case on Wednesday, January 14.

Blockchain Applications

▌Polymarket Appointed Prediction Market Partner for Hollywood Golden Globes

Polymarket announced on the X platform that it has been appointed as the exclusive prediction market partner for the Golden Globes.

Polymarket announced on the X platform that it has been appointed as the exclusive prediction market partner for the Golden Globes.

According to on-chain analyst @ai_9684xtpa, smart money 0x69b...0e37 re-established its ETH position after two weeks, withdrawing 1139 ETH from #Binance 10 hours ago, worth $3.5 million, at a withdrawal price of $3071.68; it just made a profit of $807,000 on its ETH trading between December 28, 2024 and January 6, 2025.

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▌1confirmation Founder: Allowing Insider Trading Can Push Prices Towards Their True Value Faster, Which Is Good for the Whole Market

1confirmation founder Nick Tomaino posted on the X platform, stating, "Prices are real, narratives are deceptive. The discussion of insider trading is complex. It's easy to say 'insider trading is bad,' but things aren't that simple. The purpose of the market is to aggregate information into prices. Insider trading is based on more accurate information. Allowing insider trading can push prices to their true value faster, which is good for the whole market. More truth." Currently, insider trading is prohibited in the securities market by the U.S. Securities and Exchange Commission (SEC). The benefit of this is that, in theory, it can enhance public trust and protect people, but Nancy Pelosi has already made $130 million through the stock market during her 37-year political career!

▌Altcoins now account for approximately 50% of total cryptocurrency trading volume, surpassing Bitcoin and Ethereum

According to Coin Bureau, altcoins now account for approximately 50% of total cryptocurrency trading volume, exceeding Bitcoin (27%) and Ethereum (23%), reflecting traders' shift towards high-beta assets.

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Important Economic Developments

▌Federal Reserve's Barkin: Employment Report Shows Low Hiring Environment Persists

Federal Reserve's Barkin stated that the latest employment data shows moderate job growth and a continued sluggish hiring environment. Data released by the U.S. Bureau of Labor Statistics on Friday showed that employers added 50,000 jobs last month, and the unemployment rate fell slightly to 4.4%.

Golden Encyclopedia

▌Will Stablecoins Possess an Existential Threat to Bitcoin?

Stablecoins have grown from almost nothing a decade ago to a market capitalization in the tens of billions today, with monthly trading volumes exceeding $1 trillion. But do stablecoins have inherent limitations? Are their practical uses limited to certain specific areas? Three main reasons for the current popularity of stablecoins stand out. First, price stability; compared to other cryptocurrencies whose expected value will continue to rise, price stability is undoubtedly an advantage. Second, portability; many users find it more efficient to convert fiat currency into stablecoins in bulk, and then easily transfer value between various cryptocurrencies as needed. Third, taxation; the price stability of stablecoins can help them avoid taxable events in daily payments. Stablecoins are highly centralized in both their value source and actual operation, which is why regulators have been busy issuing various rules recently.