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According to market news, BitMEX co-founder Arthur Hayes stated in a recent article that the continuous decline in Bitcoin prices while the Nasdaq 100 index remains relatively stable may be signaling an early warning of tightening credit in the dollar economy, indicating that a broader credit crisis is on the horizon.He described Bitcoin as a "fiat liquidity fire alarm," reacting faster than traditional indicators like stocks. Hayes pointed out that Bitcoin is highly sensitive to changes in the financial system, and its price decline while the Nasdaq remains stable usually means that financial system issues not yet reflected in stocks are about to impact the broader market. He also warned that the impact of AI on white-collar jobs could lead to a large number of people losing income, making it difficult to repay credit cards, auto loans, and mortgages.An increase in default rates will prompt banks to tighten credit, further slowing the flow of funds in the economy, and the most vulnerable banks may go bankrupt due to a lack of funds to meet obligations. Hayes believes that the Federal Reserve may ultimately be forced to intervene on a large scale to prevent a full-blown crisis, and government intervention could make scarce digital assets like Bitcoin more attractive by undermining trust in the traditional monetary system.Hayes proposed two possible paths: one is that Bitcoin's drop from $126,000 to $60,000 has already priced in an economic slowdown, with stocks following suit; the other is that Bitcoin's decline continues, with stocks subsequently accounting for credit risks as well. Regardless of the path, the ultimate outcome will be a significant injection of funds into the system to prevent a banking crisis, and this response may offset Bitcoin's decline and drive it to new highs once the system stabilizes.

According to Arkham monitoring, about 10 hours ago, an address associated with BitMEX founder Arthur Hayes deposited 1,000 ETH, worth approximately 1.99 million USD, into the cryptocurrency exchange Bybit.

HyperLiquid News disclosed data on the X platform, revealing that BitMEX co-founder Arthur Hayes withdrew 16,434 HYPE from the cryptocurrency exchange Gate. Currently, the total HYPE holdings exceed 200,000, reaching 205,629.927, approximately worth 6.12 million USD.

According to OnchainLens monitoring, Arthur Hayes increased his position by 20,274 HYPE (worth $603,000) over 5 hours ago, currently holding a total of 189,195 HYPE, with a total value of $5.79 million.

According to Onchain Lens monitoring, Arthur Hayes bought 20,274 HYPE (worth $603,000) again 5 hours ago, and now holds 189,195 HYPE, worth $5.79 million.

Arthur Hayes posted on platform X: "The sharp drop in BTC may be due to traders hedging against IBIT structured products. I will compile a complete list of all notes issued by banks to better identify the triggers that may lead to sharp price increases and decreases. The rules of the game have changed, and we must keep up with the times."

Arthur Hayes tweeted, "Maybe I should pay attention to the 'black swan' event today, after all, the movement of BTC is too unusual."

Uniswap founder Hayden Adams posted on the X platform, stating that the main issue with describing Rollups as "parasitic" is that these projects undertake a significant and costly engineering effort to scale Ethereum.In a Rollup-centric roadmap, this work is intentionally outsourced. If Ethereum wishes to be more independent, it needs to adopt a serious engineering-driven approach rather than treating every issue as a research problem.

According to Onchain Lens monitoring, Arthur Hayes transferred 3.63 million ENA (worth about $486,950) and 332,226 PENDLE (worth about $487,900) to Galaxy and Binance 3 hours ago.In the past 2 days, he has purchased 96,116 HYPE (worth about $3.42 million), currently holding a total of 161,271 HYPE, with a total value of approximately $5.78 million.

According to Lookonchain monitoring, Arthur Hayes sold PENDLE, ENA, and LDO to buy HYPE.In the past 24 hours, he purchased 57,881 HYPE (approximately $1.91 million) and currently holds 131,807 HYPE (approximately $4.33 million).

According to Onchain Lens monitoring, BitMEX co-founder Arthur Hayes (@CryptoHayes) transferred 3,597,122 ENA (approximately $499,300) and 327,869 PENDLE (approximately $501,600) to FalconX, and may continue to transfer more funds.8 hours ago, he transferred 2.31 million LDO to FalconX, worth approximately $980,300.

BitMEX co-founder Arthur Hayes posted on the X platform that even if former Federal Reserve Governor Kevin Warsh becomes the chairman of the Federal Reserve, it is unlikely to truly stop monetary easing. This is because Kevin Warsh voted in favor of the first and second rounds of quantitative easing during his time as a Federal Reserve governor, only publicly opposing certain policies after leaving the Federal Reserve and no longer having a real impact on related decisions. The reason the Federal Reserve continues to "print money" is that true fiscal tightening would lead to the collapse of the entire financial system. In this context, regardless of who is in charge of the Federal Reserve, the ultimate choice will still be to continue releasing liquidity, and he bluntly stated, "Warsh would also print money," suggesting that the market should "BTFD (buy the dip)" during corrections.

Arthur Hayes posted on social media that the liquidity of the dollar has decreased by about $300 billion over the past few weeks, mainly due to an increase of $200 billion in the U.S. Treasury General Account (TGA). The government may be raising cash reserves to ensure spending in preparation for a potential shutdown. In this context, the decline in Bitcoin is not surprising, as it is in sync with the contraction of dollar liquidity.

Arthur Hayes published an article titled "Woomph" analyzing that the recent continuous depreciation of the yen and the decline in Japanese government bond prices are triggering "anomalies" in the global financial markets. He believes that the Federal Reserve and the U.S. Treasury may be forced to work together to directly intervene in the yen exchange rate and the Japanese government bond market by expanding their balance sheets, thereby injecting new liquidity into the global fiat currency system.He stated, "The yen is strengthening against the dollar, and Bitcoin prices are falling. I will not increase risk until it is confirmed that the Federal Reserve is printing money to intervene in the yen and Japanese government bond market. If there is a significant increase in foreign currency-denominated assets on the Federal Reserve's balance sheet, it will be a good time to increase Bitcoin holdings." Before the yen's trend shows volatility, he has closed positions in high-leverage Bitcoin-related assets such as Strategy and Metaplanet; if his judgment is validated, he will re-enter the market.While waiting for policy clarity, his fund Maelstrom continues to increase its holdings in Zcash, while maintaining positions in other quality DeFi tokens; once the Federal Reserve confirms balance sheet expansion intervention, he will consider increasing positions in DeFi assets such as ENA, ETHFI, PENDLE, and LDO.

BitMEX co-founder Arthur Hayes published an in-depth analysis in his latest article regarding the recent depreciation of the yen and the decline in Japanese government bond prices, which has caused "anomalies" in the global market. He believes this indicates that the Federal Reserve and the Treasury may soon collaborate to directly intervene in the yen and Japanese government bond markets through "money printing" to inject new liquidity into the global fiat currency system.Hayes specifically outlined the possible intervention path: the New York Fed creates dollar reserves and instructs primary dealers like JPMorgan to sell dollars and buy yen in the foreign exchange market to support the exchange rate, and may invest the acquired yen in Japanese government bonds to lower their yields. This operation will lead to an expansion of the "foreign currency-denominated assets" item on the Fed's balance sheet, essentially meaning that the Fed is taking on the interest rate risk of the yen exchange rate and Japanese government bonds through money printing.He analyzed the motives and consequences of this move: aimed at stabilizing the yen and lowering Japanese government bond yields to prevent Japanese investors from massively selling U.S. Treasuries, avoiding uncontrolled increases in U.S. Treasury yields, while enhancing the competitiveness of U.S. exports.This process will increase global dollar liquidity and may simultaneously boost the euro and yuan exchange rates. Hayes pointed out that this "non-QE" style of balance sheet expansion will ultimately provide upward momentum for risk assets, including Bitcoin. In terms of trading strategy, he stated that a rapid strengthening of the yen against the dollar is usually a signal for reducing risk assets. Bitcoin's decline due to the strengthening yen means he will not increase his risk exposure until it is confirmed that the Fed is intervening in the yen and Japanese government bond markets by expanding its balance sheet.He has closed positions in leveraged Bitcoin-related assets such as Strategy and Metaplanet, stating that he will re-enter if his judgment proves correct. In the meantime, his fund Maelstrom continues to increase its holdings in Zcash, while positions in other quality DeFi tokens remain unchanged. He indicated that if the Fed indeed expands its balance sheet to intervene in the currency and bond markets, he will increase his holdings in DeFi assets such as ENA, ETHFI, PENDLE, and LDO.

BitMEX co-founder Arthur Hayes posted that if the relevant news is true, it would be "extremely bullish" for Bitcoin (BTC). He analyzed that the logical premise is: the Federal Reserve creates bank reserves through "money printing," then sells dollars to buy yen, thereby indirectly intervening in the yen exchange rate.Hayes pointed out that if the Federal Reserve is indeed manipulating the yen, its balance sheet will show growth in the "foreign currency denominated assets" category, which can be verified in the H.4.1 report published weekly. This viewpoint stems from the recent largest single-day increase in the yen in nearly six months, with the market speculating that Japanese authorities may be preparing to intervene in the exchange rate, while some traders claim that the New York Fed has conducted "rate checks" with major banks, raising associations with the Federal Reserve's involvement.

According to Onchain Lens monitoring, BitMEX co-founder Arthur Hayes (@cryptoHayes) (0xA86e...506F) received 5.83 million ATH from the Aethir affiliated contract, worth $52,200.

According to Onchain Lens monitoring, Arthur Hayes received 132,730 ETHFI from Anchorage Digital, worth $97,500.

Cointelegraph posted on the X platform that Arthur Hayes predicted in his latest article that as the Federal Reserve's balance sheet expands in 2026, bank loans increase, and mortgage rates decline, dollar liquidity will further expand, and Bitcoin will rise accordingly.

According to Lookonchain monitoring, Arthur Hayes has bought 19,227 HYPE again after 3 months, worth approximately $499,000.At the end of September last year, Arthur Hayes sold 96,600 HYPE for $5.1 million. Three weeks before his sell-off, Hayes predicted that the price of HYPE could increase 126 times in the coming years.