Arthur Hayes: After the interest rate cut, DeFi may see capital inflows, and ENA price will break through 1.5 USD

ChainCatcher message, Arthur Hayes posted on the X platform that the trend of the 2-year U.S. Treasury yield indicates that Federal Reserve Chairman Powell may announce a 50 basis point rate cut after weak employment data. He pointed out that the sUSDe yield has reached 7%, and it is expected that trillions of dollars in money market funds will seek higher yields, with some funds possibly flowing into DeFi.

He also stated that the ENA price will break through $1.5, the USDe supply will exceed $20 billion, and he bluntly said it will challenge Circle. In addition, Arthur Hayes spent $1.01 million in the past 8 hours to purchase 1.395 million ENA.