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Tag Archives: Arthur Hayes

Arthur Hayes Clarifies: Ethena’s Yield Mechanism Unique from Terra’s Collapsed UST Stablecoin

The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...

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Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes. “Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday. Cardano Is A Shitcoin, Says Hayes Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be...

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Former BitMEX CEO Arthur Hayes Champions ‘Points’ Over ICOs in Crypto Fundraising

In a recent blog post titled ‘Points Guard,’ former BitMEX CEO Arthur Hayes made a compelling case for the emergence of “points” as a superior alternative to traditional initial coin offerings (ICOs) and yield farming with regard to crypto fundraising and user engagement. Hayes argued that points combine the best aspects of ICOs and yield farming while addressing their respective limitations. ICOs, he noted, allow retail investors to purchase a stake in a new protocol but...

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