Bitcoin Holds $64K as FOMC Meeting Looms; 1inch Launches DeFi Layer

Bitcoin Steadies Ahead of Federal Reserve Decision

Bitcoin climbed 1% overnight to reclaim the $64,000 level ahead of Tuesday's Federal Open Market Committee meeting, according to market data cited in reports. Liquidations declined to just over $420 million from $605 million the previous day, signaling reduced forced selling pressure across derivatives markets. The majority of remaining liquidations were from long positions, though the scale of capitulation has eased notably in the past 24 hours.

1inch Unveils New DeFi Liquidity Infrastructure

1inch announced the launch of a new DeFi liquidity layer, though specific operational details and deployment timeline were not disclosed in available reporting. The move follows increasing competition among DEX aggregators and routing protocols to deepen on-chain liquidity access. Further technical specifications and rollout phases remain unclear from the source material.

Ionic Digital Debuts on Nasdaq

Ionic Digital, a cryptocurrency-focused company, shares rose 25% on their first day of trading on the Nasdaq exchange. The company's listing marks another entry point for institutional investors seeking direct equity exposure to the digital assets sector. The magnitude of the opening-day move underscores investor appetite for crypto-native public vehicles, though the broader market implications of the listing are still being assessed.

Why It Matters

For Traders

FOMC outcome in hours will likely set intraday volatility; $64K now serves as a key technical level to monitor for resistance or support through the announcement.

For Investors

Fed rate policy remains the primary macro driver for risk assets including crypto; declining liquidations suggest less acute panic selling, a stabilization signal.

For Builders

1inch's new liquidity layer could alter routing economics and MEV distribution for DEX aggregation; details on its design and deployment will matter for protocol integration decisions.