**Crypto Markets Ride the Fed Wave: Arthur Hayes Weighs In**

- BitMEX co-founder Arthur Hayes thinks the Fed's recent rate cut is more about politics than economics. 🎭

- Speaking at Token2049 in Singapore, Hayes speculated the move aims to boost support for the Democrats.

- The US Central Bank slashed interest rates by 50 basis points on Sept. 18, sparking a 4% crypto market gain.

- Hayes predicts a delayed reaction, with real market moves expected after traditional markets close on Friday.

- Crypto markets have added $100 billion since the announcement, with BTC hitting $62,500.

- All eyes now on the Bank of Japan's rate decision on Sept. 20.

Source: Arthur Hayes