According to Odaily Planet Daily, Arthur Hayes wrote on the X platform that the trend in 2-year US Treasury bond yields suggests that Federal Reserve Chairman Powell may announce a 50 basis point rate cut following weak employment data. He noted that with sUSDe yielding 7%, he expects trillions of dollars in money market funds to seek higher returns, with some of this capital likely flowing into DeFi. He also predicted that the price of ENA will exceed $1.50 and the supply of USDe will exceed $20 billion, adding that he will challenge Circle.

In addition, Arthur Hayes spent $1.01 million to buy 1.395 million ENA in the past 8 hours