Circle minted 250 million USDC on the Solana network 6 hours ago

**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.

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.

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.

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

On January 28th, five major institutions—JPMorgan Chase, Citigroup, Barclays, Bank of America, and Wells Fargo—shared their outlooks on the Federal Reserve’s 2026 rate cuts and tonight’s policy decision. Here’s a breakdown: ### Barclays - **Rate Cut Outlook**: Total of 50 basis points (cuts in June and December). - **Key View**: The FOMC will likely signal no rush to cut rates further, noting balanced risks between downside employment risks and upside inflation risks. - **Powell Expectations**: He will reinforce the FOMC’s “no rush to ease” stance. ### Bank of America - **Rate Cut Outlook**: Total of 50 basis points (cuts in June and July). - **Key View**: Political factors may take focus at the January meeting; the Fed will hold policy steady with no change to its balanced risk assessment. - **Powell Expectations**: His press conference may center on political (not policy) issues—but current market pricing carries unexpected dovish risks. ### Citigroup - **Rate

On January 28th, Circle announced its CCTP mainnet cross-chain transfer proxy feature is now live. The launch reduces end-to-end transmission latency, cuts operational costs and third-party risks, and improves experience for both developers and users.