Fed rate cut will crash the market - Arthur Hayes on Token2049 The Шncrypted team is on Token2049 right now. Here's what's happening on stage Ex-CEO BitMEX Arthur Hayes said the Fed will crash the market with its key interest rate cut. Products that can offer yields above U.S. Treasury bills will win, he said. Also, Hayes said, assuming a rate cut, Ethereum's best bet for growth is to become an onchain-interest bond. Ethena is also bullish. USDe gives a lot more holdings of T-Bills. T-Bills will rise, ENA price will rise as well.
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Notes from in Singapore. Day one 👀 After two days on the road, Шncrypted has arrived in Singapore for Еoken2049, the major crypto conference in the world. CEO of Incrypted, has written about the first day, shared impressions from side events, discussed the challenges of large popular events, and included some personal reflections. Enjoy the read! https://incrypted.com/en/notes-ded-singapore-day-one/
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The acceptance of bitcoin as legal tender in El Salvador has helped to attract investment and improve tourism. However, the cryptocurrency has not yet become as widespread in the country as previously expected, El Salvadoran President Nayib Bukele said in an interview with TIME magazine.
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