The BitMEX co-founder's latest Substack essay argues the US Fed’s liquidity program mirrors quantitative easing mechanics that favor Bitcoin and other scarce assets. Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, argued in a Substack essay published Friday that the Federal Reserve’s new “reserve management purchases” (RMP) program is effectively a rebranded form of quantitative easing. Hayes argues that by buying short-term Treasury bills and recycling liquidity through money markets, the Fed is effectively financing government spending while avoiding the political stigma of quantitative easing, even as officials frame the program as a technical liquidity operation. Hayes said policies like RMP expand fiat liquidity and, in his view, favor scarce assets such as Bitcoin, gold and silver. Read more
The BitMEX co-founder's latest Substack essay argues the US Fed’s liquidity program mirrors quantitative easing mechanics that favor Bitcoin and other scarce assets. Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, argued in a Substack essay published Friday that the Federal Reserve’s new “reserve management purchases” (RMP) program is effectively a rebranded form of quantitative easing. Hayes argues that by buying short-term Treasury bills and recycling liquidity through money markets, the Fed is effectively financing government spending while avoiding the political stigma of quantitative easing, even as officials frame the program as a technical liquidity operation. Hayes said policies like RMP expand fiat liquidity and, in his view, favor scarce assets such as Bitcoin, gold and silver. Read more
В Кривом Роге ожидается незначительное похолодание, однако температура воздуха не будет достигать минусовых значений.Об этом сообщает «Первый Криворожский» Подробнее
The volatility of the cryptocurrency market is threatening the stability of corporate crypto treasury companies, resulting in larger swings in their net asset value that threaten their fundraising abilities. Cryptocurrency markets experienced another week of downside as investor activity gradually wound down ahead of the holiday period. Bitcoin (BTC) fell over 5% during the past week, dipping to a weekly low of $84,398 on Thursday, before recovering to trade above $87,769 on Friday, TradingView data shows. Crypto market volatility continues to threaten the sustainability of digital asset treasury (DAT) companies, as their longevity now depends on avoiding the multiple-to-net-asset-value (mNAV) “roller coaster,” making these firms subject to the value swings of the tokens held on their balance sheet, according to Solmate CEO Marco Santori. Read more
The volatility of the cryptocurrency market is threatening the stability of corporate crypto treasury companies, resulting in larger swings in their net asset value that threaten their fundraising abilities. Cryptocurrency markets experienced another week of downside as investor activity gradually wound down ahead of the holiday period. Bitcoin (BTC) fell over 5% during the past week, dipping to a weekly low of $84,398 on Thursday, before recovering to trade above $87,769 on Friday, TradingView data shows. Crypto market volatility continues to threaten the sustainability of digital asset treasury (DAT) companies, as their longevity now depends on avoiding the multiple-to-net-asset-value (mNAV) “roller coaster,” making these firms subject to the value swings of the tokens held on their balance sheet, according to Solmate CEO Marco Santori. Read more