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Bitcoin Billionaire Arthur Hayes Blames Crypto Plunge on 'Contraction in Dollar Liquidity'

Arthur Hayes, former CEO of BitMEX, attributes Bitcoin's recent price decline to reduced dollar liquidity rather than a lack of institutional support. He claims Bitcoin’s market behavior reflects global fiat liquidity trends, anticipating potential further drops before a resurgence. As Bitcoin prices dipped to the low $90,000s amidst broader stock market highs, Hayes warned of an impending credit event. He forecasts that if equities suffer significant corrections, the U.S. government will likely inject more liquidity, potentially propelling Bitcoin prices to $200,000-$250,000 by year-end. Hayes explained that large holders of Bitcoin ETFs, particularly from BlackRock, engage in basis trades, leveraging ETF positions against Bitcoin futures, which complicates perceptions of their commitment to Bitcoin.

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Bitcoin recovery expected as liquidity conditions change, but US macro remains a threat

Bitcoin's recent downturn is attributed to broader economic stresses, yet improved liquidity and a favorable outlook for 2026 could lead to a potential recovery. With the upcoming US Federal Reserve decision on interest rates looming, market sentiment is divided between a possible rate cut and maintaining the current

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken, a prominent crypto exchange, has raised $800 million in funding, including $200 million from Citadel Securities, aiming to bridge traditional financial markets with blockchain infrastructure. This funding round values Kraken at $20 billion and marks a significant shift in the relationship between cryptocurrency firms and traditional finance. The capital

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken has raised $800 million in new funding, which includes a $200 million investment from Citadel Securities. This funding values the crypto exchange at $20 billion and aims to enhance Kraken's capacity to integrate traditional financial markets with blockchain technology. The recent capital injection comes as Kraken pursues

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