[Arthur Hayes: If the Fed rate drops below 4%, the ETH bull market will rise again] Golden Finance reported live that at the Token2049 held on September 18, Arthur Hayes, founder of BitMEX and CIO of Maelstrom, delivered a keynote speech entitled "Thoughts on Macroeconomics Current Events". He said that today is Fed Day when the Fed will start to cut interest rates, and ETH is an Internet bond with a pledge rate of about 4%. As long as the Fed's interest rate cut leads to the market's expectation that the US Treasury rate will be lower than 4%, ETH will become attractive and the EHT bull market will rise again. He also said that with the Fed's Jiangxi, there will be new winners and losers in crypto tokens, and those tokens that exceed the returns of US Treasury bonds will be winners, such as ENA, EHT, ETHFI, PENDLE, while RWA tokens such as ONDO will be losers.