Hayes on the reverse yen carry trade: It's a controlled unwind, not a global crash. Japan will bring capital home. The U.S. backstops the selling with FIMA repo and extra dollar liquidity so Treasuries do not get dumped into a fire sale. Markets still move hard, yen up, crowded carry and U.S. tech relatively weaker, gold and crypto stronger, but the official aim is a managed rotation of what gets funded, not a 2008-style break. 📺

Arthur Hayes announces Flop Labs' official airdrop date... @flop_labs, a new AI-focused blockchain platform founded by @CryptoHayes, will commence its airdrop and testnet phase as soon as November 24 (tentative). The platform announced updated FLOP tokenomics in September, with more than 24% of its supply earmarked for airdrops (at least after 10 years).

Arthur Hayes(@CryptoHayes) dumped another 14M $ENA ($2.73M) 2 hours ago. Over the past 24 hours, he has sold $28.8M worth of tokens, making $6.65M in profit. Most of his profits came from $ETH and $ENA, while he roughly broke even on $UNI, $ETHFI, $AERO, $PENDLE, and $ZAMA.