Live report, at Token2049 held on September 18, BitMEX founder and Maelstrom CIO Arthur Hayes gave a keynote speech "Thoughts on Macroeconomics Current Events". He said that today is Fed Day when the Federal Reserve will start to cut interest rates, while ETH is an Internet bond with a pledge rate of about 4%. As long as the Federal Reserve rate cut causes the market to expect the interest rate of US Treasury bonds to be lower than 4%, ETH will become attractive and the EHT bull market will rise again. He also said that with the Federal Reserve Jiangxi, there will be new winners and losers for crypto tokens. Which tokens that exceed the yield of US Treasury bonds will be winners, such as ENA, EHT, ETHFI, PENDLE, while RWA tokens such as ONDO will be losers.