Arthur Hayes said U.S. policymakers may back the artificial intelligence sector and government debt financing through money creation, which he said could help drive crypto prices higher, according to Cointelegraph. He also said that if China shifts from limited tightening to large-scale monetary stimulus, demand for scarce assets could rise as well.
Hayes also flagged financial stress in France
Alongside his comments on the U.S. and China, Hayes said he is monitoring financial pressure in France, including credit default swaps related to BNP Paribas and spreads on French government bonds.
Industry executives weighed in on onchain finance
Portal Ventures general partner Catrina Wang said banks and asset managers have an edge in onchain financial markets because of their existing customer relationships. R3 co-founder Todd McDonald said public blockchains can help institutions reach clients outside their own networks.
World Liberty Financial growth executive vice president Justin Kugel said user demand for asset management and investment evaluation continues to leave room for intermediaries.
Stablecoin demand, product choices, and treasury allocation
Franklin Templeton senior vice president of digital asset client relations Chetan Karkhanis said the company has no intention of issuing its own stablecoin and instead wants tokenized money market funds to provide investment yield.
Codex co-founder and CEO Haonan Li said trade routes linking Latin America, Sub-Saharan Africa, and Asia are driving demand for stablecoin payments, with buyers paying eastward for goods while manufactured products flow westward.
FinHarbor co-founder and CEO Ilya Podoynitsyn said companies should confirm they have long-term idle capital that will not affect day-to-day operations before allocating to crypto assets.
SharpLink says it uses both buybacks and ETH accumulation
Michael Camarda, chief development officer at Ethereum treasury company SharpLink, said both stock buybacks and adding more ETH can raise ETH held per share. He said the company is using both approaches to meet the preferences of institutional and retail investors.