Arthur Hayes purchased $1 million worth of Ethena tokens before Hyperliquid USDH vote
Source: CoinWorld
Time: 2025-09-11 15:43:43
Maelstrom co-founder Arthur Hayes bought nearly $1 million worth of Ethena token ENA this week, and Hyperliquid validators are preparing to vote on the USDH stablecoin code on Sunday. Ethena's proposal, backed by BlackRock, will use its USDtb stablecoin as collateral for USDH and distribute 95% of its revenue to Hyperliquid. Competing bidders include Paxos (the quote has been modified to allocate more proceeds to Hyperliquid) and Native Markets (currently leading the forecast market with a 90% win rate).