Bitcoin Reclaims $64K as Market Awaits FOMC Decision, 1inch Launches Aqua

Bitcoin (BTC) reclaimed $64,000 in value as the market waited for the outcome of the Federal Open Market Committee (FOMC) meeting. This price increase comes ahead of the FOMC's decision on a potential rate hike.

The total cryptocurrency market cap saw a 1% increase overnight to reach around $2.28 trillion, with daily trading volume sitting at $61.9 billion, down from yesterday's $66 billion.

Meanwhile, 1inch has launched Aqua, a new liquidity layer for decentralized finance (DeFi). This system allows liquidity providers to manage multiple trading positions using a single wallet balance without locking assets in liquidity pools.

Aqua operates on a registry-based model and enables tokens to be committed only when a trade is executed. This approach enhances capital efficiency and addresses the issue of idle liquidity, which can amount to significant amounts. For example, $100,000 in assets can support up to three separate positions with a total quoted liquidity of $300,000.

In other news, shares of Ionic Digital rose over 25% on their first day of trading on Nasdaq after the company's direct listing under the ticker IOND. Ionic Digital was formed from the assets acquired by Celsius Network in its bankruptcy and restructuring process.