**Cryptocurrency News**

- Arthur Hayes, co-founder of BitMEX, discussed the possible impact of a 25 or 50 basis point Fed rate cut in an interview with CoinDesk.

- Hayes believes that rate cuts with high government spending and inflation could precipitate a financial crisis.

- He noted that markets, including cryptocurrencies, could react negatively to rate cuts.

- Hayes also highlighted the importance of the dollar-yen exchange rate for global markets and its impact on Bitcoin.

- He believes Bitcoin may temporarily fall along with traditional markets, but will remain resilient in the long term.