PANews reported on October 28 that according to CoinDesk, Maelstrom, a digital asset investment fund managed by BitMEX co-founder Arthur Hayes, allocated 5% of its funds to Ethena Labs' USDe stablecoin staking in response to the uncertainty of the upcoming US election, with an annual yield of about 13%. Hayes said that once the election results are clear and the loser accepts the results, the fund plans to transfer these funds to cryptocurrency investments. In addition, the Maelstrom Fund still holds a large number of long positions in cryptocurrencies such as Bitcoin and Ethereum.
Hayes predicts that if there is social unrest after the election, the crypto market may experience greater volatility, but the election results will have limited impact on the medium- and long-term prospects of the crypto market. He pointed out that regardless of whether Trump or Harris wins, the US deficit will continue to rise, which is conducive to the performance of safe-haven assets such as Bitcoin.
