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Trump tweeted congratulating the S\u0026P 500 for breaking 7000 points for the first time, with a nearly 5-year compound annual growth rate of 14.5%.

2 hours ago

On January 28, Trump took to Twitter to tout the S&P 500’s first-ever close above 7,000 points: “Historic First! The U.S. economy is back strong!!!” Per Bitget market data, the S&P 500 stood at roughly 1,450 points in early 2000. Over the past 26 years, it has delivered an annualized return of ~6.5%, with a dividend-inclusive compound annual growth rate (CAGR) of ~7.5%-8%. Over the last five years, the index has posted strong gains: it opened around 3,700 points in 2021, rising ~90% over the period for an annualized return of ~13.8%. Its dividend-inclusive CAGR reaches 14.5%. During the 2022 bear market, the S&P 500 only pulled back ~18%, and since 2023, it has benefited from sustained surges in AI, tech, and economic recovery.
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SEC Chairman: To Discuss Regulatory Coordination in the Crypto Space with CFTC Tomorrow

On January 29, SEC Chairman Paul Atkins announced he will join CFTC Chairman Mike Selig for a joint public event this Thursday at 2 p.m. EST to discuss regulatory coordination in the crypto space. Previously, Atkins noted the two agencies will collaborate to advance President Trump’s commitment to “make America the global capital of cryptocurrency.” The event will be held at CFTC headquarters, open to the public, and streamed live simultaneously online.

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The UK regulatory body has removed Coinbase ads over 'irresponsible' concerns

On Wednesday, January 29, the UK’s Advertising Standards Authority (ASA) criticized a Coinbase video ad and three posters that have been running in London’s tube and train stations since August. Thirty-five complainants told the ASA the ads were irresponsible, downplayed cryptocurrency risks, and implied Coinbase could solve people’s financial problems. The video ad showed common life struggles—like high living costs and unemployment—suggesting Coinbase is an alternative to traditional finance and can tackle life’s challenges and financial issues.

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Bridgewater Founder Expresses Strong Dollar View, Yen-Gold Retreats Short Term

**Jan 28 (Bitget Market Brief) —** U.S. Treasury Secretary Janet Yellen reaffirmed the U.S.’s longstanding strong dollar policy on Monday, noting Washington will not intervene in forex markets to prop up the yen. She also projected a narrowing U.S. trade deficit will lift the dollar. On equities, Yellen highlighted the S&P 500 Index breaking above 7,000 points for the first time today, crediting effective current growth-focused policies as a key driver. **Key Market Moves (via Bitget):** - USD/JPY plunged, snapping the yen’s three-day winning streak. - U.S. Dollar Index (DXY) climbed to 96.4, up 0.65% in 24 hours. - Spot gold extended a short-term decline, last trading at $5,277 per ounce.

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Coinbase to List Moonbirds (BIRB) Perpetual Contract Trading

Update (January 28): Coinbase will launch Moonbird (BIRB) Perpetual Futures trading on January 29. The BIRB-PERP market will go live at 00:30 or later, subject to liquidity conditions.

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Robinhood Plans to Enable 24/7 Trading and DeFi Access

On January 28, Robinhood CEO Vlad Tenev said the platform now offers over 2,000 tokens tied to US-listed stocks in Europe, with plans to roll out 24/7 trading and DeFi access in the coming months.

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Bitcoin Falls Below $89,000, 24-hour Gain Narrows to 1.4%

On January 28, Bitcoin dropped below $89,000, with its 24-hour gain narrowing to 1.4%, according to market data from HTX.

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