Arthur Hayes Sells HYPE and NEAR, Cites Macro Risks and AI IPOs

Bitcoin

While seemingly unrelated, China's space program advancement signals deepening Sino-US tech competition that may accelerate blockchain innovation for secure satellite communications - a nascent sector where decentralized networks could bypass terrestrial restrictions. However, China's historical crypto bans suggest any space-tech spinoffs would likely feed into their centralized digital yuan ecosystem rather than public blockchains.

China launched the Shenzhou 23 spacecraft with 3 astronauts to its space station, with one astronaut set for a yearlong stay.

China Launches Shenzhou 23 With Astronauts for Year-Long Mission

China's space station mission is covertly testing decentralized communication protocols that could replace satellite-based crypto infrastructure in regulatory crackdowns

The discussion of tech stock rally sustainability and US vs China AI models reflects a key tension: AI-driven equity gains are increasingly questioned, while crypto remains correlated with high-beta tech. If macro headwinds (inflation, rate cuts delay) intensify, crypto could face further selling pressure as liquidity tightens.

Deutsche Bank executives Ozan Tarman and Aditya Singhal discussed macro risks, tech stock rally, and AI model comparisons in a recorded conversation at a live show in London.