Bitcoin fell below $65,000 and broader crypto markets softened ahead of the first FOMC decision under new Fed Chair Kevin Warsh. While no rate change is expected, traders focus on Warsh's press conference for inflation stance signals. Derivatives markets remain calm, with volumes and volatility declining. Uniswap's UNI surged 20% in 24 hours, buoyed by a Standard Chartered forecast of $100 by 2030 and deflationary tokenomics from its fee switch. Meanwhile, Cardano's ADA open interest nears record highs, but price slip and negative CVD suggest bearish trade flows. Other tokens like NEAR and BCH declined.

Key facts

• Bitcoin dropped below $65K, with CD200 index down 1.2% ahead of FOMC decision.
• Markets expect no rate change; focus on new Fed Chair Warsh's inflation views.
• Uniswap's UNI surged 20%, driven by Standard Chartered's $100 2030 target.
• UNI fee switch removed 106M tokens from supply, creating deflationary tokenomics.
• Cardano ADA open interest nears record, but negative CVD indicates bearish flows.

KeyAudit data perspective