Arthur Hayes, CIO of Maelstrom and co-founder of BitMEX, revealed that his fund trades altcoins primarily to generate profits for purchasing additional Bitcoin. He expressed disappointment with altcoins' performance in recent years but continues to focus on Bitcoin accumulation as the main goal. Hayes also highlighted ongoing DeFi protocols active since 2020, emphasizing projects with paying customers and token holder returns as indicators of profitability. This strategy underscores a cautious but Bitcoin-focused approach amid volatile altcoin markets.
Arthur Hayes and his fund's altcoin trading strategy provide context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 17, 2026 22:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include EOS at Rp12.649 with a 1-day change of +8.13% and a typical hold time of 87 days, FIL at Rp19.784 with a 1-day change of -5.78% and Pluang order activity of 21% Sell / 79% Buy, and ALGO at Rp2.004 with a 1-day change of -4.93% and Pluang order activity of 13% Sell / 87% Buy.
Ascendis Pharma announced that the European Medicines Agency's CHMP has given a positive opinion for TransCon CNP (Navepegritid), a once-weekly treatment for achondroplasia in children aged 2 and above with open growth plates. This recommendation sup...
Ascendis Pharma announced that the European Medicines Agency's CHMP has issued a positive opinion recommending approval of TransCon CNP (navepegritide), a once-weekly treatment for achondroplasia in children aged two and older with open growth plates...
Morgan Stanley reports a 32-gigawatt electricity deficit for US data centers through 2028, a 34% shortfall even after alternative power sources. This power gap threatens AI growth as data centers need constant energy to operate. Tech analyst James Al...
RenaissanceRe Holdings (RNR), a major reinsurance company, reported a strong underwriting performance with a combined ratio of 72.8% and solid net income, benefiting both common and preferred shareholders. The company aggressively repurchased shares,...
Hashi's coalition, consisting of over 20 partners, has committed more than $500 million to support the Sui-based protocol as it prepares for a phased mainnet rollout planned for later in October. Users send Bitcoin to addresses managed by Hashi, whic...
