Global #BitMEX

BitMEX, a leading cryptocurrency exchange based in Seychelles, has expanded its offerings with the introduction of automated trading bots. These bots allow users to implement customizable strategies for trading various cryptocurrencies.

Crypto exchange BitMEX is embracing the lighter side of the market with a new product: a basket index for the top 10 meme coins.

In his latest essay titled "Group of Fools," Arthur Hayes, co-founder of BitMEX, provides a critical analysis of recent macroeconomic events and their potential impact on the cryptocurrency market. Known for his direct style, Hayes combines technical analysis, criticism of central banking practices, and insights into currency markets to make the case for a resurgence of bullish sentiment in Bitcoin and crypto.

Arthur Hayes, the co-founder of BitMEX, sold 1.55 million PENDLE tokens valued at $9.41 million, leading to concerns among PENDLE token holders about a potential price drop.

According to Hayes, the US Treasury's debt issuance plans and the Federal Reserve's quantitative tightening taper will result in more dollar liquidity, which will drive up the price of Bitcoin.