ChainCatcher News: Arthur Hayes Predicts ETH Bull Run as Fed Approves Rate Cut

At the Token2049 conference on September 18, BitMEX founder and Maelstrom CIO Arthur Hayes delivered a keynote speech titled "Thoughts on Macroeconomics Current Events."

Hayes argued that today marks a “Fed Day” where the Federal Reserve will begin lowering interest rates. He believes Ethereum (ETH) is essentially an internet bond with a staking interest rate of approximately 4%. As the Fed cuts rates and the market anticipates U.S. Treasury bond yields falling below 4%, ETH will become more attractive, leading to a new ETH bull run.

Hayes also predicted that as the Fed lowers interest rates, the crypto landscape will see new winners and losers. He believes tokens that offer higher yields than U.S. Treasury bonds will be winners, including ENA, EHT, ETHFI, and PENDLE. Conversely, RWA tokens like ONDO are expected to be losers.