Arthur Hayes: Yen Rescue Via Fed’s FIMA Facility Could Boost Bitcoin, Ether

TLDR: Bitcoin could benefit as Japan taps the Fed’s FIMA facility to defend a weakening yen. Japan and GPIF together hold roughly $1.37 trillion in Treasuries eligible as FIMA collateral. Hayes said raising the FIMA facility’s $60 billion cap requires Fed subcommittee approval only. Ether and Ethena’s ENA token stand to gain most from a [...]

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