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Arthur Jones, who won a Super Bowl with the Ravens, dies at 39
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Arthur Jones, who won a Super Bowl with the Ravens, dies at 39

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OWINGS MILLS, Md. — Arthur Jones, a defensive lineman who spent his first four NFL seasons in Baltimore and won a Super Bowl with the Ravens, has died. He was 39.

Syracuse, Jones’ alma mater, said he died Friday morning. The school and the Ravens didn’t give a cause of death in their announcements.

“Arthur’s presence was a gift to everyone he encountered,” Ravens general manager Eric DeCosta said. “His big, bright smile, infectious energy and eternal positivity created a presence that continuously uplifted others.”

Jones was a fifth-round draft pick in 2010 and had 8½ of his 10 career sacks in a two-season stretch in 2012-13. The Ravens beat San Francisco in Super Bowl XLVII to cap the 2012 season.

Jones sacked 49ers quarterback Colin Kaepernick just before a power outage at the Superdome in New Orleans. He also had a fumble recovery in that Super Bowl.

“My heart is heavy today after the loss of Art Jones,” Ravens coach John Harbaugh said. “Art was a truly remarkable person, a dedicated teammate, a relentless worker, and someone any coach would be proud to lead. His love for life, generous spirit, and radiant smile left a lasting impression on everyone fortunate enough to know him.

“He had a genuine gift for connecting with people, bringing joy to the locker room and beyond, and his presence was a source of light within our team and the Baltimore community.”

Jones also spent two years with Indianapolis and a final season in Washington in 2017.

Jones played for Syracuse and was the older brother of former UFC heavyweight champion Jon Jones and former Syracuse and NFL defensive end Chandler Jones, a four-time Pro Bowler who won a Super Bowl in New England.

Jones had 38½ tackles for loss at Syracuse, a school record for an interior defensive lineman. He was a first-team All-Big East selection each of his final two seasons.

“Arthur Jones was a tremendous player and even better person,” Syracuse athletic director John Wildhack said. “We were fortunate that Arthur continued to support our football program after his playing career. He impacted many of our student-athletes, always with a smile and uplifting message.”

ESPN’s Jamison Hensley contributed to this report.



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Bitcoin Billionaire Arthur Hayes Predicts Europe Central Bank Turmoil Will Boost BTC

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In brief

  • Arthur Hayes has previously attacked the U.S. Federal Reserve in his blog posts.
  • This time he’s focusing on the European Central Bank—and honing in on France’s debt.
  • The crypto entrepreneur argues that France’s debt and money printing will cause Bitcoin’s price to surge.

Crypto mogul Arthur Hayes has previously attacked the U.S. central bank when making lofty Bitcoin price predictions. But this time the billionaire is aiming his criticism at the Eurozone. 

In a lengthy Wednesday blog post titled “Bastille Day,” the co-founder and former chief of crypto exchange BitMEX said that French citizens moving their money could lead to excessive money printing on behalf of the European Central Bank, in turn benefiting Bitcoin. 



Hayes argues that France, the second-largest economy in the Eurozone, has the highest debt, which the central bank will have to tackle by printing to avoid a collapse of the euro. 

“The ECB will valiantly print money to forestall the loss of its raison d’être,” Hayes wrote, adding that “France is fucked.”

He continued: “It shall be a glorious day for the faithful as printed euros will combine with printed dollars, yuan, yen, etc to bid up the price of Bitcoin.”

“Either the ECB presses the Brrr button now and implicitly finances the French welfare state, or it does it later when French capital controls threaten to destroy the euro. Either way, money gets printed in the trillions of euros. Bitcoin doesn’t care and will continue its inexorable rise versus the piece of trash that is the euro.”

Hayes has previously said that Bitcoin would end up doing well due to American monetary policy of printing money. The crypto entrepreneur argued earlier this year that Bitcoin’s price could hit $1 million by 2028 due to Federal Reserve monetary policy. 

Bitcoin was recently trading for $120,515 per coin, up 7% over the past seven days, with most of the gains occurring this week, according to CoinGecko, following a government shutdown as many investors looked to BTC as a safe-haven asset. The largest crypto by market cap has helped ignite a wider surge in digital assets. 

Hayes also forecasted that Ethereum, the second biggest digital coin, will hit $10,000 by the end of 2025. Ethereum stood at $4,492, a nearly 10% gain from a week ago.

Digital asset observers say that investors are interested in cryptocurrencies like Bitcoin during periods of unrest and currency debasement. 

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Euro’s Death Spiral Makes Bitcoin The New Reserve: Arthur Hayes

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arthur Hayes centers Bitcoin as the primary beneficiary of what he calls an inevitable ECB money-printing cycle triggered by France’s worsening funding position, capital flight, and political stalemate.

In his Oct. 2, 2025 essay “Bastille Day,” Hayes argues that the developing fracture is not merely a euro story but a reserve-asset reshuffle that elevates BTC because it is a portable, bearer instrument outside the reach of Eurozone gatekeepers. “The slow-motion collapse of the French state is the signal that it’s time to sell euros and buy Bitcoin,” he writes, later distilling the trade into a binary: “Either the ECB presses the Brrr button now and implicitly finances the French welfare state, or it does it later when French capital controls threaten to destroy the euro. Either way, money gets printed in the trillions of euros.”

As France Breaks The Euro, Bitcoin Becomes The Escape

Hayes treats Bitcoin not as a speculative risk asset but as the neutral reserve standing opposite fiat debasement and capital controls. He frames the immediate hedge as operationally simple for Eurozone savers: “Bitcoin is the best way to preserve options… it is a digital bearer asset. In a few minutes, you can convert your euro bank balance into Bitcoin using a spot exchange on the continent. And voila, you are no longer Lagarde’s bitch.”

That prescription is the capstone to his analysis of France’s TARGET2 deficit and reliance on foreign creditors. With “59% of French OAT government bonds with maturity over one year” and “70% of French long-term bank debt” held abroad, he contends the financing base is fragile. If foreign holders are haircut or flee, he expects the ECB’s response to be large and fast: “If these assets get wiped out, the EU banking system is approaching insolvency on an unlevered basis. To save the EU banking system, the ECB would print EUR 5.02 trillion.”

The central mechanism that connects France’s stress to a BTC bid, in Hayes’s telling, is the acceleration of deposit migration across the euro area’s settlement rails. He points to the shift in national TARGET balances since 2020 to argue that “French savers increasingly do not believe that their euros are safe within the French banking system.”

Once that confidence is impaired, he says, the scramble for exits will narrow toward scarce, self-custodiable assets. “These euros effectively pump Bitcoin and gold as the only two hard assets any investor with a single neuron would purchase in this situation,” he writes, before returning to BTC as the cleanest expression of neutrality: “Bitcoin doesn’t care and will continue its inexorable rise versus the piece of trash that is the euro.”

Hayes pushes the Bitcoin-first framing through multiple contingencies. If the ECB withholds support to discipline Paris, he expects bank stress to worsen and capital to move faster, enriching the BTC bid. If the ECB capitulates early, he expects balance-sheet expansion to debase the unit of account, also enriching the BTC bid. “The ECB will valiantly print money to forestall the loss of its raison d’être,” he writes.

“It shall be a glorious day for the faithful as printed euros will combine with printed dollars, yuan, yen, etc to bid up the price of Bitcoin.” Even a hypothetical French exit and a weaker franc doesn’t alter the destination in his view; it merely shifts the channel through which policy redistributes losses. “Locals who still hold French financial assets still have time to get out… But when they come, you cannot withdraw much in the way of physical euro cash, or wire euros outside of the French banking system, or escape by buying Bitcoin and gold.”

To scope magnitude, Hayes offers directional estimates that emphasize speed rather than precision. He notes “domestic French banking deposits totaled EUR 2.6 tn” as of July 2025 and estimates “25% of this capital could leave within a few days… This amounts to EUR 650 bn.”

Applying the same heuristic to “$3.45 trillion” in equities and “$3.25 trillion” in government bonds, he argues that “hundreds of billions if not trillions of dollars could quickly leave France and find a home in Bitcoin and gold if domestic capital gets spooked.” His caveat is explicit—“Of course, this is a shitty estimate”—but it serves the thesis that flow urgency, not fine-tuned arithmetic, is what matters for BTC’s upside convexity when fiat systems wobble.

The political overlay is instrumental to his Bitcoin call. Hayes portrays the ECB as prioritizing institutional control over currency stability, which, he says, paradoxically intensifies the need for an eventual rescue. “The ECB is so focused on control of Europe™ that it’s cutting off its nose to spite its face,” he writes, arguing that disciplining deficits while French funding frays accelerates deposit migration and forces larger printing later. He collapses that loop back to BTC with a refrain that runs through the essay: “Sell euros and buy Bitcoin.”

For readers outside Europe, Hayes’s guidance does not change with geography; the driver is money creation, not local banking architecture. “If you are not a denizen of Europe™ do not buy European financial assets under any circumstances. Instead, buy some Bitcoin, sit back and watch your sick gainz as printed euros contribute to the bull market in growth of the fiat money supply.” For those inside the bloc, the imperative is timing around potential restrictions: “There are no domestic capital controls yet,” he writes of France. “But when they come… your freedom to escape by buying Bitcoin… will wane rather than wax.”

At press time, BTC traded at $118,597.

BTC rises back above $118,000, 1-day chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Close-up of stacked gold bars. (Jingming Pan/Unsplash)
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BitMEX Co-founder Arthur Hayes Sells HYPE to Fund Ferrari Purchase, Stands by 126x Forecast

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Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, sold his personal stash of Hyperliquid’s HYPE tokens just weeks after predicting the asset could rally 126-fold.

Ferrari jokes and blockchain receipts

Blockchain analytics service Lookonchain reported on Sunday that Hayes unloaded 96,628 HYPE — worth about $5.1 million — booking a profit of roughly $823,000, or 19%, in a month.

Not long after, Hayes confirmed the move with his trademark irreverence, posting on X: “Need to pay my deposit on the new Rari 849 Testarossa.” The comment fueled backlash from traders who accused him of pumping HYPE in August before quickly exiting.

Hayes pushed back on Monday, insisting the sale was tied to concerns laid out by his firm. “This is why we dumped $HYPE today. But don’t worry 126x is still possible 2028 is a long way off,” he wrote.

Maelstrom warns of $11.9B supply unlocks

Earlier today, Maelstrom published a lengthy X post outlining what it called HYPE’s “first true test.”

Starting Nov. 29, 237.8 million HYPE will begin vesting linearly over two years — unlocking nearly $500 million of tokens per month. At current prices of around $50, that represents $11.9 billion of supply entering circulation.

The post estimated Hyperliquid’s buyback program could only absorb about 17% of that flow, leaving a potential $410 million monthly overhang. “Has the market priced in the sheer scale of these unlocks?” Maelstrom asked.

Maelstrom framed the looming supply shock as natural for a fast-growing protocol but warned that large vested allocations may tempt early developers and insiders to sell. The firm also noted that even large decentralized autonomous treasury (DAT) deals, such as Sonnet’s $583 million HYPE raise, won’t offset the scale of the unlocks.

Still betting on a decentralized Binance

The remarks contrasted sharply with Hayes’s Aug. 27 blog post, where he called Hyperliquid a “decentralized Binance” and argued HYPE could climb 126x by 2028. That thesis relied on bold assumptions: a $10 trillion stablecoin market, Hyperliquid capturing a Binance-level trading share, and fee structures holding steady.

Despite selling his tokens, Hayes reiterated that long-term view on Monday, describing the upcoming unlock as a hurdle, not a death blow. In his words, “2028 is a long way off.”

Hyperliquid has surged to become a dominant player in decentralized perpetual futures, and its HYPE token remains central to governance, staking and fee distribution. Whether the market can digest nearly $12 billion in new supply may determine if Hayes’s forecast proves prescient — or overly ambitious.



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Arthur Hayes Shares Why He Dumped Hype 
Crypto Trends

Arthur Hayes Shares Why He Dumped HYPE

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Arthur Hayes, Co-Founder of BitMEX, has sold his entire stash of Hyperliquid (HYPE) tokens, earning roughly $823,000. Initially, Hayes playfully said that the funds were going to be used to buy a Ferrari. Later, Hayes clarified with the actual reason; that the sale was driven by heavy sell pressure from massive token unlocks set to begin on November 29.

Blockchain data from HypurrScan, highlighted by Lookonchain, showed Hayes sold his 96,628 HYPE tokens at a 19.2% profit on September 21.

Following this, Hayes first posted on X with a mischievous reply, “Need to pay my deposit on the new Rari 849 Testarossa.” The HYPE sale came just a month after he predicted that the token could surge 126x over the next three years.

Later, Hayes provided further context, linking to an article titled “HYPE’s Damocles Sword” to explain the main reason behind the dump. He also reassured followers that the token’s long-term potential remains, noting that a 126x increase is still possible and that 2028 is “a long way off.”

HYPE faces a critical test following initial success

HYPE, the native token of the Hyperliquid decentralized derivatives exchange (DEX), has seen remarkable growth. At the time of writing, HYPE was trading at $48.90, down around 9% in the past 24 hours. According to CoinMarketCap, trading volumes have surged dramatically, rising 136% and reaching $552 million.

Additionally, trading activity picked up sharply in August, climbing from roughly $560 million at the beginning of the month to reach a record $3.4 billion on August 24, as reported by DefiLlama. 

However, in the article shared by Hayes, analyst Maelstrom flagged an upcoming challenge for HYPE. Starting November 29, 237.8 million HYPE tokens will begin vesting linearly over 24 months. At $50 per token, this amounts to roughly $11.9 billion in team unlocks, adding nearly $500 million to the market each month. This might add a supply overhang of some $410 million monthly. 

Even large decentralized autonomous trusts (DATs) like Sonnet, with $583 million in HYPE and $305 million in cash, might cover only a small fraction of these unlocks.

Is Hayes going to reinvest? 

Hayes’ sale highlights the difference between personal financial decisions and broader market trends. It is also not known if Hayes intends to re-invest in HYPE.

However, he does have a track record of making bold market predictions. Earlier this month, he said that Bitcoin will surge past $200,000, arguing that traditional four-year halving cycles no longer dictate the market. He also suggested that U.S. Treasury liquidity measures could push crypto markets into an “up only” phase.

While Hayes HYPE sale indicates a personal investment decision, it does not always indicate the long-term prospects of the token. It is recommended to investors to look at market trends, trading volumes, and other data and make decisions bearing in mind that crypto is highly volatile.

Also Read: Hyperliquid Lists ASTER Token Amid Heightened Competition Buzz



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U.S. Federal Reserve in Washington .(Jesse Hamilton/CoinDesk)
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Arthur Hayes Explains Why Complaints About Bitcoin’s Recent Performance Miss the Point

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Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages.

Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from finished with aggressive monetary expansion.

He pointed to U.S. politics in particular, saying that President Donald Trump’s second term has not yet fully unleashed the spending programs that could arrive from mid-2026 onward. Hayes suggested that if expectations for money printing become extreme, he may consider taking partial profits, but for now he sees investors underestimating the scale of liquidity that could flow into equities and crypto.

Hayes tied his outlook to broader geopolitical shifts, including what he described as the erosion of a unipolar world order. In his view, such periods of instability tend to push policymakers toward fiscal stimulus and central bank easing as tools to keep citizens and markets calm.

He also raised the possibility of strains within Europe — even hinting that a French default could destabilize the euro — as another factor likely to accelerate global printing presses. While he acknowledged these policies eventually risk ending badly, he argued that the blow-off top of the cycle is still ahead.

Turning to bitcoin, Hayes pushed back on concerns that the asset has stalled after reaching a record $124,000 in mid-August.

He contrasted its performance with other asset classes, noting that while U.S. stocks are higher in dollar terms, they have not fully recovered relative to gold since the 2008 financial crisis. Hayes pointed out that real estate also lags when measured against gold, and only a handful of U.S. technology giants have consistently outperformed.

When measured against bitcoin, however, he believes all traditional benchmarks appear weak.

Hayes’ message was that bitcoin’s dominance becomes even clearer once assets are viewed through the lens of currency debasement.

For those frustrated that bitcoin is not posting fresh highs every week, Hayes suggested that expectations are misplaced.

In his telling, investors from the traditional world and those in crypto actually share the same premise: governments and central banks will print money whenever growth falters. Hayes says traditional finance tends to express this view by buying bonds on leverage, while crypto investors hold bitcoin as the “faster horse.”

His conclusion is that patience is essential. Hayes argued that the real edge of holding bitcoin comes from years of compounding outperformance rather than short-term speculation.

Coupled with what he sees as an inevitable wave of money creation through the rest of the decade, he believes the present crypto cycle could stretch well into 2026, far from exhausted.



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Arthur Hayes Buys Nearly $1M in Ethena Ahead of Hyperliquid Vote

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In brief

  • Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence.
  • Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs.
  • Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing offer.

Arthur Hayes, co-founder of crypto investment fund Maelstrom, bought the Ethena token this week, tying his latest move to a project vying for control of the USDH stablecoin ticker as Hyperliquid validators head into a decisive vote on Sunday.

Hayes has accumulated multiple tranches of Ethena’s ENA token over the past two days, including 578,956 tokens worth about $473,000 on Wednesday and two earlier purchases totaling roughly 672,800 ENA, or $521,000, according to data tracked by Arkham Intelligence.

The total, including those from Monday, amounts to roughly $995,000 worth of Ethena tokens within a 48-hour window.

Hayes’ purchases come as Ethena remains a contender in the USDH stablecoin race, with Hyperliquid validators set to decide the ticker on Sunday.

Ethena’s proposal, backed by BlackRock, would use its USDtb stablecoin to collateralize USDH via BlackRock’s BUIDL fund, with 95% of revenue pledged to Hyperliquid and costs covered for shifting trading pairs from USDC.

Ethena’s proposal is a “strong bid from one of crypto’s fastest-growing and most impressive ecosystems,” David Lawant, head of research at FalconX, wrote in a blog post published Wednesday.

  

Lawant pointed to USDe’s market cap of more than $13 billion and Ethena having processed $23 billion in cumulative mints and redemptions without security incidents or downtime.

Still, Hayes’ buy “reads as personal positioning, rather than putting a backing behind Ethena specifically for the USDH votes,” Kirby Ong, founder of HypurrCollective, a grassroots collective for founders, builders, traders, and power users on the Hyperliquid ecosystem, told Decrypt.

“With the $USDH proposal, the deciding factors will likely come down to validator alignments with their current stakers, whether prediction market sentiment translates into actual on-chain votes,” Ong said.

Other contenders

Paxos, backed by PayPal, is also a top contender, according to Lawant. It revised its proposal on Wednesday, expanding from an emphasis on regulatory pedigree to pledging a larger share of reserve yield to Hyperliquid’s Assistance Fund and deferring any issuer take until the product scales past $1 billion.

On Wednesday evening, Paxos announced it had received an offer from Kraken to list USDH and HYPE from day one, with free USD on- and off-ramps, pending the exchange’s standard review.

Meanwhile, Native Markets remains front and center.

Despite being a newly formed company, Native Markets remains the top contender, with 90% odds in its favor, according to live data on Myriad Markets.




Disclosure: Myriad is a prediction market developed by Decrypt’s parent company DASTAN.

Native Markets pitched a GENIUS-compliant USDH managed through Bridge, Stripe’s stablecoin issuer, with reserves in cash and Treasuries overseen by BlackRock off-chain and Superstate on-chain. 

Its plan splits yield evenly between Hyperliquid’s Assistance Fund and ecosystem growth, and promises a HyperEVM launch with seamless interoperability.

Ong explained that while prediction markets “help set expectations,” validator support “determines the valid candidates,” and that “ultimately, anyone can help to decide and set the direction for USDH by staking their weight and making their votes known by delegating to the validator that best matches their vote.”

Ong added: “The final outcome on Sunday may depend on which team gains the most trust and perceived long-term value for the ecosystem.”

Decrypt has reached out to Hayes, Paxos, and Ethena for comment. A separate request was sent to Native Markets through an ecosystem operator (Max Feige).

Other contenders include Sky, the issuer of USDS (formerly MakerDAO’s DAI), Frax Finance with a bank-partnered bid, and Agora, which has warned against Native Markets’ reliance on Stripe-owned Bridge while pledging to channel all net revenue back into Hyperliquid.

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Maelstrom analysis shows how HYPE could see 126x upside.
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Why BitMEX Co-Founder Arthur Hayes Thinks HYPE Can 126x From Here

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Arthur Hayes, the BitMEX co-founder now serving as co-founder and chief investment officer of crypto-focused venture capital firm Maelstrom, says Hyperliquid’s HYPE token could soar more than 100-fold.

Hayes is best known for inventing the perpetual swap at BitMEX, the derivatives contract that changed crypto trading. At Maelstrom, he invests in early-stage infrastructure projects. In his latest blog post, Hayes argued Hyperliquid’s token could rise 126 times, a claim backed by a valuation model produced by Maelstrom.

Hyperliquid is a decentralized exchange built on its own blockchain. Unlike Coinbase or Binance, which are companies running private servers, Hyperliquid lives fully on-chain. Traders use it mainly for perpetual futures — contracts that let them bet on crypto prices without an expiry date.

Its native token, HYPE, acts as both a governance tool and an economic stake. Holders can vote on upgrades, stake tokens for rewards and benefit from the way trading fees link to the token’s value. In short, Hyperliquid is the venue and HYPE is how users share in its growth.

‘Decentralized Binance’

Hayes begins his case with the big picture.

He says when governments print too much money, currencies lose value and ordinary savers are forced to speculate just to maintain their standard of living. Those who don’t already own houses or stocks see their savings eroded.

For many, especially in emerging markets, the easiest way to save today is with stablecoins such as USDT and USDC — digital dollars that sit natively on blockchains. Once you’re holding stablecoins, Hayes argues, the most obvious place to put them to work is crypto itself, since that’s the system where those tokens function most easily.

That funnel, according to the Maelstrom CIO, leads straight to Hyperliquid. Hayes says it already dominates decentralized perpetual futures trading, controlling around two-thirds of the market and is starting to grow against centralized giants like Binance.

He points to execution as the difference. He believes that Hyperliquid’s small team, led by founder Jeff Yan, ships features faster than rivals with hundreds of employees. The platform feels as fast as Binance, Hayes says, but every step — trading, settlement, collateral management — happens transparently on-chain.

He calls Hyperliquid a “decentralized Binance.” Like Binance, it relies on stablecoins instead of banks for deposits. Unlike Binance, everything is recorded on its blockchain. Hyperliquid’s HIP-3 upgrade also lets outside developers create entirely new markets that plug directly into its order book, turning it into a permissionless trading hub.

The 126x upside

Then comes the math. Maelstrom’s model starts with a bold forecast: by 2028, the total value of stablecoins could reach $10 trillion.

Next, Hayes borrows a ratio from Binance’s history. On that exchange, daily trading volume has often equaled about 26.4% of the total stablecoin supply. Apply that ratio to $10 trillion, and Hyperliquid could see about $2.6 trillion in trades every day.

Now add fees. Hyperliquid charges around 0.03% per trade. On $2.6 trillion in daily activity, that works out to roughly $258 billion in annual revenues once you roll it up across the year.

Investors then discount those future revenues into today’s money to reflect risk and the time value of money. Hayes uses a 5% rate, which produces a present value of about $5.16 trillion.

Finally, stack that against HYPE’s current fully diluted valuation of around $41 billion. Divide the two, and you get Hayes’s headline number: a potential 126x upside.

Maelstrom analysis shows how HYPE could see 126x upside.

He ties the calculation back to his broader thesis—that weak money forces people into stablecoins, and stablecoins push them into crypto speculation, with Hyperliquid as the rails for that activity and HYPE as the token that captures the economics.

‘The king is dead’

Hayes closes out his thesis with a bold prediction. “The King is dead. Long live the King,” he wrote, arguing Hyperliquid could surpass Binance as the world’s largest exchange and that Jeff Yan could one day rival CZ’s wealth.

The model depends on big assumptions: a $10 trillion stablecoin market, Hyperliquid holding a Binance-level share, fees holding at 0.03% and discount rates staying low. If those conditions break, so does the outcome.

But Hayes’s through-line is simple. If the world saves in stablecoins, the speculation that follows will happen on-chain — and in his view, Hyperliquid is already in the lead.



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Arthur Hayes predicts $20000 Ethereum as best ERC-20 tokens gain
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Best Altcoins Make Gains as Arthur Hayes Predicts Ethereum to $20,000

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arthur Hayes believes that Ethereum will push to $10,000 or even $20,000 this cycle, fueled by Donald Trump’s pro-crypto policies.

Hayes’ prediction came during an interview with Crypto Banter where he said that Ethereum breaking through its previous ATH could push it to $20,000 before the end of the cycle.

As Hayes explained, two major factors will fuel Ethereum’s next bull cycle: Trump’s pro-crypto legislation and the increase in institutional adoption.

The first signs of a bull move should become obvious this fall, as the GENIUS Act takes effect, which could push the best altcoins in frenzy mode.

Ethereum’s Marathon Fueled By Institutional Adoption Craze and Favorable Legislation

Trump’s GENIUS Act is the main catalyst behind Ethereum’s 2025 ATH of $4,880 reached yesterday, which may signal the beginning of the alt season.

The GENIUS Act seeks to bring clarity, security, and transparency into the cryptosphere by forcing stablecoin issuers to back their tokens with liquid assets like dollars and governmental bonds.

The Act also protects crypto enthusiasts against illicit activities and scams.

This is what drove the Department of Treasury to issue a Request for Comment on August 18, asking for the public’s opinion on how to tackle illicit activity in the crypto sphere.

This endeavor is part of the implementation process of the GENIUS Act and the comment section will remain open until October 17.

Institutional adoption is another strong case for Ethereum’s next bull cycle, given the accelerated rate at which public companies buy $ETH.

According to CoinGecko, almost 2.8M $ETH are already in public treasuries, making up for 2.31% of the total Ethereum supply. BitMine is the primary investor, with over 1.5M Ethereum, worth over $7.2B.

These factors potentially lay the foundation for a $20,000 Ethereum this cycle, which would kickstart the next alt season. If that happens, the best altcoins of 2025 might see massive gains.

Here are three that you should keep on your radar.

1. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer 2 Promising Faster and Cheaper Transactions

Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to change Bitcoin’s network performance.

Hyper’s Canonical Bridge is the link between Layer 2 and Bitcoin’s Layer 1 and is responsible for minting the users’ Bitcoins into the Hyper layer. The Bitcoins are then accessible for use on Layer 2 or can be withdrawn back to Layer 1 whenever necessary.

The Canonical Bridge’s role is to decongest Bitcoin’s native network, circumvent the 7-TPS native cap, and deliver near-instant finality.

Together with the Solana Virtual Machine (SVM), which enables the ultra-fast execution of smart contracts, the Canonical Bridge brings Bitcoin’s performance to modern standards, with high throughput and Solana-level scalability.

If you want to invest in the $HYPER presale, now’s the perfect time. The presale has raised almost $11.8M so far and it promises to push $HYPER into wealth-building territory.

Based on the project’s utility, our analysts’s price prediction for $HYPER considers a price point of $1.50 by 2030 which translates to a growth of 11,623% based on today’s price of $0.012795.

Check how to buy $HYPER right now and buy your tokens while Bitcoin Hyper is still in the presale phase.

2. Snorter Token ($SNORT) – The Telegram Bot That Turns Coin Hunting Profitable

Snorter Token ($SNORT) fuels the Snorter Bot, the ravenous Aardvark whose sole mission is to detect and snipe hot tokens on the blockchain.

The Bot finally turns coin hunting profitable thanks to its accuracy and timing, being able to snipe the target tokens in milliseconds after liquidity becomes available. This makes Snorter Bot more effective and reliable even than standard pro UIs like Raydium and Jupiter.

You also no longer need to juggle multiple wallets and browser extensions, because Snorter Bot does it all from its Telegram chat.

And no more watching over your shoulder for scams like honeypots or rug pulls, as the Aardvark’s native scam detectors highlight any suspicious project.

Snorter Token is the $3.3M presale that’s pushing $SNORT into mainstream adoption. Given Snorter Token’s utility, our analysts price prediction for $SNORT is $0.94 by the end of 2025. This is an 818% return rate based on the token’s current presale price of $0.1023.

If you want to invest, read our ‘How to buy $SNORT’ guide and secure your place at the table before the project goes public.

3. Altura ($ALU) – The Perfect Toolset for Game Devs

Altura ($ALU) is one of the most comprehensive toolsets for game developers, offering a multitude of end-to-end solutions designed to streamline the development process.

Aside from tools like Java, Typescript, and Unity SDK, Altura also offers Altura API, which allows you to ‘manage all user, item, token, and collection data, including the developer wallet, and even Smart NFTs’.

The platform also offers you the opportunity to launch your own marketplace on any chain in minutes via Altura’s native dashboard.

$ALU went public in 2021 and went through two peaks so far, with the first one pumping the token by up to 4,839%.

$ALU is now trading at $0.06669 and it’s pumping again, currently up 87% over the last 24 hours and a 24-hour trading volume 160% into the green. Given the 93% positive community sentiment, this may be your buy signal.

Go to your favorite exchange and buy your $ALU while it’s hot. However, don’t forget to visit the official website first to learn more about the project before investing.

Will Ethereum Reach $20,000?

Based on the current legislative support and the growing institutional interest, it’s not impossible that Ethereum could reach $20,000 by the end of the cycle?

Will it? Nobody can tell for sure.

What we can tell for sure is that the next alt season is upon us, at which point we’ll see Ethereum enter a sustained bull phase, once it pushes through its past ATH.

When that happens, projects like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) will see a massive influx of investors as well.

Don’t take this as financial advice. Do your own research (DYOR) and invest wisely.

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GameFi Guides

Why Arthur Hayes Expects Ethereum to Surge to $20,000

by admin



In brief

  • Ethereum hit a new all-time high on Friday, but Arthur Hayes thinks it is going much higher.
  • The BitMEX founder upped his price prediction to $10,000-$20,000 this cycle.
  • The prediction is fueled by his anticipation that Trump’s administration will adopt major quantitative easing.

After setting a new all-time high price on Friday, Ethereum could still have a long way to run—at least, according to one of the crypto industry’s most outspoken backers.

BitMEX founder Arthur Hayes has upped his Ethereum price target again, this time suggesting that the second largest crypto asset could jump to as high as $10,000 or $20,000 by the end of the cycle. 

Hayes outlined his price prediction—centered on his expectation of major money printing during President Donald Trump’s time in office—on the Crypto Banter podcast hosted by crypto personality Ran Neuner this week, ahead of Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole on Friday.



“I think ETH goes [to] $10,000 or $20,000 before the end of the cycle,” said Hayes when asked about his price prediction. “Once it’s broken through, there’s a gap of air to the upside, and you have obviously all these digital asset treasury companies who are raising money. It’s going to be easier to raise money if the asset they’re buying has broken through all-time highs and is ascending upwards.”

Ethereum began surging upward once more on Friday, challenging its all-time high after a more doveish tone came from Powell, who signaled a rate cut could be in order. The price of ETH jumped to a new peak of $4,789 on Friday, just barely edging out the coin’s 2021 price record.

Its recent rise has been propelled in part due to the digital asset treasuries Hayes mentioned, notably BitMine Immersion Technologies and SharpLink Gaming–the two largest ETH treasuries which combine for more than $10 billion worth of ETH. Ethereum ETFs too have contributed, adding record breaking inflows throughout July and growing to hold more than 5% of the entire ETH supply. 

Hayes has been bullish on ETH in recent months, telling Decrypt in May that he saw the second-largest crypto asset rising to $4,000-$5,000 before year’s end. He later upped that prediction in July, saying that ETH would “tear the market a new asshole” as it ripped to $10,000, once more citing its place as one of the “most hated assets.” 

Now, he’s suggesting that Ethereum could rip towards $20,000 by the end of the cycle, or the time at which the bull market ends, in part because of the amount of money the Trump administration is likely to print. 

In other words, Hayes expects the administration to institute major quantitative easing, a monetary policy where new money is created and can be used to purchase financial assets.

“We have from the middle of 2026 until Trump leaves office for them to go absolutely insane with how much they’re going to print,” Hayes told Neuner. “My base case is we are going to have a massive bull market in all types of financial assets connected to anything Trump believes is important, between now and when he exits office.”

Hayes previously leaned on his belief that accelerated money printing and an increased money supply are coming to fuel his year-end Bitcoin prediction of $250,000. 

The now-pardoned BitMex founder is financially aligned with ETH’s success, adding around 1.8K ETH worth more than $8.6 million since August 10 according to wallet tracking from Arkham Intelligence. The wallet tagged as belonging to Hayes holds more than $50 million worth of ETH and staked ETH equivalents.

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