An Interesting Turn from Selling to Buying

Onchain data shows Hayes sold 2,373 Ether, worth about $8.32 million, when the token was trading near $3,507. This sale locked in profits before Ethereum’s recent rally.

However, last Saturday, Hayes moved out $10.5 million in USDC across multiple transactions to buy back ETH at prices above $4,150 — significantly higher than his previous exit point.

He tweeted, “Had to buy it all back, do you forgive me @fundstrat?” tagging Tom Lee, co-founder and head of research at Fundstrat. Hayes added, “I pinky swear, I’ll never take profit again.”

Had to buy it all back, do you forgive me @fundstrat ?

I pinky swear, I'll never take profit again.

pic.twitter.com/jRWfaCEPE6

— Arthur Hayes (@CryptoHayes) August 9, 2025

Hayes Issues Crypto Market Warning

As CIO of Maelstrom Fund, Hayes warned last week that mounting macroeconomic pressures could pull Bitcoin back toward $100,000.

Citing renewed tariff fears following weak July Non-Farm Payrolls showing only 73,000 new US jobs, Hayes noted that sluggish credit growth in major economies could weigh on nominal GDP and push Bitcoin and Ethereum lower toward $100,000 and $3,000, respectively.

In anticipation, Hayes sold over $13 million worth of crypto, including $8.32 million in ETH, $4.62 million in Ethena, and $414,700 in Pepe tokens.

Institutions Accumulate $4.17 Billion in ETH

Since July 10, unknown whales and institutions have accumulated approximately 1.035 million ETH — valued around $4.17 billion — through exchanges and institutional trading platforms, according to data gathered by EmberCN.

This buying surge coincided with Ethereum’s strong price rally, climbing from $2,600 to $4,000 within the month — a 45% increase.

EmberCN noted that most of the ETH held by these addresses likely belongs to institutions or US public companies building ETH reserves. This excludes publicly known entities like SBET. The average acquisition price for these holdings is estimated at roughly $3,546.

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Significant events are unfolding this week in the crypto and economic world. A new stablecoin bill is on the agenda in the US, and a major Bitcoin conference is being held in Las Vegas. Additionally, critical economic data and company reports are drawing investor attention.

• US stock markets will be closed on Monday, May 27, due to Memorial Day.
• On the same day, the US Senate will hold a highly anticipated vote. The GENIUS Act, known as the Federal Stablecoin Act, will be put to vote. The bill aims to regulate digital dollar-based stablecoins at the federal level. However, ethical controversies continue due to Donald Trump’s crypto investments.
• A new project from Binance Launchpool, $HUMA, will be listed.

• On Tuesday, the Bitcoin 2025 Conference begins in Las Vegas. Many high-level officials, including US Vice President JD Vance, will speak at the event. The conference may host new announcements focused on both regulation and technology.

Critical Data and Company Developments

• On Wednesday, LayerZero will introduce its OneSig product. This solution aims to increase cross-chain transaction security. On the same day, MultiversX will launch the “Andromeda” update, expected to improve performance and transaction speed.
• Additionally, the FOMC meeting minutes will be released Wednesday. These minutes carry important signals about the future of interest rate policy and will directly impact markets. After the US market closes, Nvidia will release its earnings report, with particular investor focus on revenue from the AI segment.

On Thursday, the US Q1 GDP data will be announced. Expectations are around -0.3%. This data may raise recession concerns.

On Friday, the Annual Core PCE data will be released. This data plays a key role in measuring the Fed’s inflation target.

FTX will begin its second-round payments in the bankruptcy process, with a total distribution expected to reach $5 billion.

Tokens to Be Unlocked

• $BIO: 340 million tokens, ~$28M, May 28

• $OP: 32.21 million tokens, ~$24M, May 31

• $ALT: 240 million tokens, ~$7.5M, May 31

• $BONK: 504 billion tokens, ~$10M, June 1

• $SUI: 44 million tokens, ~$154M, June 1

An increase in supply may cause prices to drop. Investors holding positions in these projects should carefully evaluate their decisions. Given the potential market impact of these unlocks, investors may need to make quick decisions during this period. However, avoiding panic selling or excessive buying due to emotional reactions is crucial for long-term success.

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The post Crypto Weekly Highlights: Key Data and Events to Watch appeared first on Coin Engineer.

According to Kalshi, the odds of a US recession in 2025 have jumped to 61%, nearly double from March 20. The platform defines a recession as two consecutive quarters of negative GDP growth, using official data from the U.S. Department of Commerce.

Similarly, traders on Polymarket now price the probability of a 2025 US recession at around 60%.

Market Chaos and Recession Fears

Trump’s move sparked a sharp sell-off in capital markets, wiping over $5 trillion in shareholder value within days. Market analysts now warn of a prolonged bear market affecting global markets and depressing prices across risk assets — including cryptocurrencies.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Despite this, Trump insists the tariffs will ultimately benefit the US economy. On April 3, he said, “The markets are going to boom,” describing the sell-off as an expected part of the process.

Rates Under Pressure

Asset manager Anthony Pompliano speculated that Trump may be intentionally crashing the markets to influence interest rates. He pointed to the drop in 10-year US Treasury yields from 4.66% in January to 4.00% on April 5.

In an April 4 Truth Social post, Trump called on Fed Chair Jerome Powell to take action: “This would be a perfect time for Fed chairman Jerome Powell to cut interest rates.”

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The post Kalshi Predicts Over 61% Chance of US Recession in 2025! appeared first on Coin Engineer.

You may be interested: UpBit Received License Approval from Singapore!

This new law gives full authority to the Financial Protection and Innovation Unit. (DFPI) on regulations while also granting it power to issue licenses to companies wanting to operate in the cryptocurrency sector. Also, DFPI will conduct an 18-month trial after implementing the law it has set.

California Governor Newsom Approves New Law

Governor Newsom of California says that this new cryptocurrency law will both increase confidence in the digital sector and reduce the rate of fraud. He also added that along with consumer and investor protection.

Another interesting piece of information is that last year when the law was being drafted, the DFPI team met with Coinbase executives. The two sides held a series of meetings on what the law should be like. Also, last year Governor Newsom rejected a cryptocurrency bill proposal because it had some shortcomings.

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