Arthur Hayes: If the Federal Reserve lowers interest rates to below 4%, the ETH bull market will rise again

ChainCatcher news, at Token2049 held on September 18, BitMEX founder and Maelstrom CIO Arthur Hayes delivered a keynote speech titled "Thoughts on Macroeconomics Current Events."

He stated that today is Fed Day, when the Federal Reserve will begin to cut interest rates, and ETH is an internet bond with a staking rate of about 4%. As long as the Fed's rate cuts lead to market expectations that U.S. Treasury yields will fall below 4%, ETH will become attractive, and an ETH bull market will emerge again. He also mentioned that with the Fed's rate cuts, there will be new winners and losers in crypto tokens, with those tokens that exceed U.S. Treasury yields being the winners, such as ENA, EHT, ETHFI, and PENDLE, while RWA tokens like ONDO will be the losers.