Ethereum's Largest Position, Hayes Says 'Real Crisis Needed'
Ethereum (ETH) has been presented as the largest position in Arthur Hayes' Maelstrom portfolio. Hayes argued that for the Federal Reserve's (Fed) large-scale liquidity expansion to materialize, a 'real crisis' that the market can understand must first occur. He assessed Ethereum as the most overlooked major cryptocurrency, explaining that if one does not want to worry about the possibility of a 75% drop in a single day due to protocol issues, Ethereum is the choice despite taking on the second-largest risk after Bitcoin (BTC). Hayes noted that Ethereum has performed the worst among major cryptocurrencies in the last cycle and has yet to surpass its peak of around $5,000 recorded in 2021. He diagnosed that while the Fed's asset size is increasing, the extent of the expansion is not significant compared to 2009 or 2020. He claimed that the euro-yen exchange rate serves as a leading indicator showing the pace of dollar liquidity increase, predicting that if Japanese funds sell European assets, serious problems could arise in the French banking system. Hayes stated that such a crisis must occur and the Fed must rapidly increase the money supply for Bitcoin to reach $250,000 or $500,000.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Uniswap's USDC·USDT Pool Claims Top Ethereum Trading Volume

Ave Completes Integration with Ink Chain, Supporting Cross-Chain Swaps and On-Chain Transactions

Treasury Firms Increase Holdings of Ethereum, Solana, and Bitcoin Amid Market Uncertainty

WEEX Exclusive:AI Slowdown Push Weighs on Chip Stocks; FOMC in Focus | WEEX TradFi Daily Brief (September 15, 2026)

AI Slowdown Push Weighs on Chip Stocks; FOMC in Focus | WEEX TradFi Daily Brief (September 15, 2026)

Derive Community Proposal to Deploy V3 and Shut Down Derive Chain

Ethereum ePBS: Discussion on Capital Deposit and Relay Structure

Arthur Hayes Identifies Euro-Yen Exchange Rate as Key Indicator for Fed Liquidity Expansion

Tokenized Assets Exceed $38 Billion, Highlighting Usability Challenges

USDC Cumulative Trading Volume Exceeds $100 Trillion, Differences with Actual Payments

16.6 billion USD in Q3 crypto options set to expire with bullish positions leading

Aave V4 proposal prioritizes DAO funds for lending loss absorption

Bitcoin Rises to 78280 as AI Slowdown Concerns Hit Chip Stocks

EU Tightens Rules for Cryptocurrency Wallet Manufacturers

Lubin Discusses $200 Million Ethereum Staking

BlackRock’s staking Ethereum ETF pays yield but investors still prefer its $9 billion ETHA fund

Ethereum Processes 203 Million Transactions in Q2, Achieving All-Time High TPS

Tokenized Money Market Funds: Differentiated Structures through Redemption, Fees, and DeFi

Stablecoin Market Cap Decreases by $414.38 Million, DEX Spot Trading Increases by 7.95%

Lisk Launches Burn of 100 Million LSK, Total Supply Reduced to 300 Million

Breakdown of Collaboration on Account Abstraction Standards Between Base and Ethereum L1

Jia Nan Technology Sells 3,952 ETH and 54 BTC
![[Kwon Seong-min Column] In the Stablecoin War, the Side with 'Use Cases' Will Ultimately Win](/public-static/12_7a0866abc1.png?format=avif)
[Kwon Seong-min Column] In the Stablecoin War, the Side with 'Use Cases' Will Ultimately Win

ConsenSys Announces Plan to Separate MetaMask and Institutional Business

Bitmine Increases Holdings by 27,180 ETH, Total Holdings Reach 5,956,378 ETH

Morpho Launches Lending Market on HSK Chain

Nu launches U.S. banking and USDC global account

Vitalik's Speech at ETHTaipei 2026: Perpetual Contracts as Powerful Tools, Options Protocols May Become a New Paradigm for DeFi

Increase in Solana Prop AMM Trading Volume, Accounting for Up to 27%








