The Federal Reserve is set to inject $680 million into the financial markets through repurchase agreements (repos) tonight at 10 PM Beijing time. This move is part of a broader strategy to support liquidity, with the Fed having already added $38 billion over the past 10 days. Repos are commonly used to manage year-end financial pressures and recent adjustments to the standing repo facility. While officials describe the action as routine, some crypto investors view it as a potential boost for risk assets, including cryptocurrencies. The injection aims to stabilize markets amid ongoing global financial challenges, including efforts to counter the financing of terrorism.