Arthur Hayes: Bitcoin Price Driven by Liquidity, Not Regulatory Developments

1 hours ago

On May 7th, BitMEX co-founder Arthur Hayes spoke at the Consensus 2026 conference, sharing key views on Bitcoin and crypto regulation: - The crypto industry doesn’t need regulation—since it’s largely irrelevant to Bitcoin’s core value proposition. - Bitcoin’s price hinges on two factors: technical reliability and fiat liquidity, with the latter being the true driver. - Every round of monetary expansion has aligned with Bitcoin’s sharp surges: Obama-era quantitative easing, Trump’s first-term “helicopter money,” and Biden-era Treasury Secretary Yellen’s ~$2.5 trillion reverse repo funding (via short-term debt replacing long-term debt). - Even as the Trump administration signed crypto bills and sent clear regulatory signals, Bitcoin dropped ~25% in 18 months—proving regulatory favorability doesn’t directly boost prices; liquidity is fundamental. - The Trump family’s past struggles with bank de-risking, asset freezes, and lawsuits led them to see Bitcoin as a state-control-free asset. If Bitcoin becomes just another bank balance sheet derivative, it loses its true meaning.

Add to Favorites Download image Share x Copy link

Relevant content

A certain BTC whale long position was less than 0.25% away from liquidation, with the liquidation trigger causing an $8.8 million sell-off.

May 7th — Per HyperInsight monitoring, a highly leveraged BTC long whale on Hyperliquid is nearing liquidation. The position, opened yesterday evening with 35x leverage, has a liquidation price of $80,650 — less than $200 from the current market price, with a liquidation trigger distance of roughly 0.25%. If prices drop into this liquidation range, 109.7 BTC (worth ~$8.8 million) is expected to be liquidated on-chain, alongside a concentrated release of sell orders of the same magnitude. The position’s unrealized loss currently stands at 50%. Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23

1 seconds ago

GameStop CEO Banned for Life from eBay Platform

On May 7, GameStop CEO Ryan Cohen shared a social media screenshot revealing his personal eBay account was permanently banned from the platform—just two days after he proposed a $56 billion bid to acquire eBay. eBay cited that his account activity posed a risk to its community.

1 seconds ago

Meme Coin Freedom of Money Surges 25% Briefly, Market Cap Reaches $12 million

May 7th: Per GMGN monitoring, the meme coin **Freedom of Money** on the BSC (BNB Chain) jumped 25% in one hour. It holds a market cap of $12 million, with a 24-hour gain of 40% and a trading volume of roughly $2.2 million over the same timeframe. Note from BlockBeats: Meme coins are extremely volatile, relying heavily on market sentiment and hype—they have no actual value or use case. Investors should be mindful of the risks.

1 seconds ago

The Ethereum-based Meme Coin Sato has reached a market capitalization of $43.95 million

On May 7th, per GMGN data (via this link), the market capitalization of Sato—an Ethereum-based meme coin—reached $43.95 million earlier and is now reported at $28.36 million, marking a 340% increase over the past 24 hours. Its 28-hour trading volume stands at $9.1 million. BlockBeats Note: Meme coins are highly volatile assets, relying heavily on market sentiment and hype with no inherent value or use cases. Investors should be aware of the associated risks.

1 seconds ago

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $46.2 million, while the Ethereum ETF saw a net inflow of $11.5 million.

May 7: US Bitcoin spot ETFs recorded net inflows of $46.2 million yesterday, per Farside Investors data. Fund-specific flows: - BlackRock IBIT: +$134.6M - Fidelity FBTC: -$39.0M - Bitwise BITB: -$25.2M - Franklin EZBC: -$7.1M - Grayscale GBTC: -$17.1M Additionally, US Ethereum spot ETFs posted net inflows of $11.5 million yesterday. Fund breakdown: - BlackRock ETHA: +$2.1M - Fidelity FETH: -$0.6M - Grayscale Mini ETH: +$10.0M

1 seconds ago

Upbit will list B3/KRW trading pair

On May 7, Upbit—South Korea’s largest cryptocurrency exchange—will list the B3/Korean Won (KRW) trading pair, per official sources.

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36