The U.S. Federal Reserve just deployed $2.5 billion into the banking system through overnight repurchase agreements. This move signals the Fed's continued attention to liquidity conditions in financial markets. Overnight repos remain a critical tool for managing short-term funding pressure, and injections of this scale often ripple through broader asset markets—including crypto markets where traders closely monitor macro monetary conditions. Market participants will be watching how these liquidity interventions evolve and what they signal about future interest rate trajectory and financial system health.