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[Arthur Hayes: Bitcoin Short Squeeze Rally Could Restart Ethena Flywheel, ENA Yield May Rise to 9%] Odaily Planet Daily News – Arthur Hayes shared a video of his interview on the X platform, stating that the Ethena (ENA) ecosystem is currently in a slump, but its yield mechanism could restart as market conditions improve. The price of ENA has dropped approximately 99% from its historical high, with venture capital sell-offs and a sluggish crypto market causing yields to decline, bringing the entire mechanism to a halt. Arthur Hayes noted that if Bitcoin rises and triggers a large-scale short squeeze, the market basis could expand rapidly, and a higher basis could push Ethena's yield from the current 4% to 8%-9%. Once yields recover, Ethena's yield-driven mechanism could reestablish a positive cycle, revitalizing the ecosystem.

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Today 2026-10-15
13:36

US Bitcoin ETF net outflow of 3209 BTC, Ethereum ETF net outflow of 38900 ETH

13:32

US stock market anomaly: KORU's latest quote is $10.76, with a 24-hour decline of 20.27%

13:30

The opening of the US stock market was mixed, with the Nasdaq falling 331 points

13:25

(((Crypto.com))) Launches Institutional-Grade Prediction Market Platform Predict Pro, Open to U.S. Users

13:18

In September, the annual PPI rate in the United States recorded 6.3%, and the monthly retail sales rate recorded 0.8%