Arthur Hayes Blames Bitcoin’s 25% Slide on a Sudden Liquidity Contraction

Arthur Hayes has said Bitcoin’s drop from record highs has tracked a decline in his USD Liquidity Index, with ETF basis trades and DAT flows having masked underlying stress, and has suggested future stimulus decisions by the Trump administration could steer the next phase.
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Altcoin Season Stalls in Extreme Fear While Uniswap, Ethena, and Immutable Push Higher

Altcoin season has remained distant as the Crypto Fear and Greed Index has hovered near yearly lows and traders have preserved liquidity, while Bitcoin has held near $94K and UNI, ENA, and IMX have shown measured strength tied to protocol usage, yield stabilization, and ongoing gaming development.
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Trump’s $300M Maldives Resort Goes Blockchain – Investors Can Buy In Before It’s Built

Trump has expanded into Maldives luxury real estate through a tokenized resort project with Dar Global, letting investors buy blockchain-based units in a hotel still under construction, as tokenized property and real-world asset markets have drawn growing institutional attention.
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