Arthur Hayes: If Powell delivers a hawkish speech tonight, ETH may retest $4000
BlockBeats News, August 22nd, BitMEX co-founder Arthur Hayes today expressed his views on the impact of Powell's interest rate policy on the crypto market during his appearance on the Crypto Banter podcast, with the following key points:
1. Doesn't believe Powell has to do anything. Personally, I won't trade based on the assumption of "Fed cuts rates by 50 basis points." If Powell insists on not cutting rates, the government will definitely find a way to "squeeze out liquidity."
2. The market could very well replay the 2022 scenario — anticipating a rate cut, but Powell suddenly delivers a "hawkish blow," resulting in a market crash.
3. If Powell delivers a hawkish speech at Jackson Hole, ETH may retest $4000 first.
Regarding stablecoins, Arthur Hayes said that people's imagination about stablecoins is not big enough. Treasury Secretary Benson will use stablecoins to reverse the trend of "de-dollarization" — bringing back global offshore dollar flows to the United States, while providing banking services to so-called "Global Southern countries (mainly developing countries in Asia and Africa)," even if local regulations do not permit it.
You may also like

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Aave DAO Wins, But the Game Is Not Over

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
