BitMEX
Arthur Hayes, co-founder of BitMEX, has ceased purchasing Bitcoin and plans to hold off on new investments until the Federal Reserve expands the money supply. In a recent interview, he emphasized a cautious approach to deploying capital. This shift reflects his net liquidity strategy amid current market conditions.
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Derivatives trading for XRP on the BitMEX exchange has seen a sharp increase, with futures volume rising 1,185% in the past day amid market uncertainty. This surge coincides with a broader pullback in cryptocurrency prices, including a 2.14% drop for XRP to $1.36. Traders appear to be repositioning as they await further developments in the financial markets.