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Maelstrom, managed by the family office of BitMEX co-founder Arthur Hayes, plans to raise $250 million for a private equity fund that will buy medium-size crypto infrastructure and analytics firms. The  Maelstrom Equity Fund I plans to spend between $40 million and $75 million per deal on as many as six crypto companies, co-founder and managing partner Akshat Vaidya told Bloomberg. Funding for the planned acquisitions is expected to be completed by September 2026.  Maelstrom Will Focus On Trading Infrastructure And Analytics Platforms Vaidya said on X that the fund’s goal is to “provide founders cash-heavy, clean exits at reasonable valuations” while also boosting links between crypto and traditional finance.  The fund will be the first private equity (PE) fund focused entirely on acquiring profitable, off-chain crypto infrastructure companies, Vaidya said.  Maelstrom Equity Fund I, L.P.* is out of the bag Let's dive in – * @CryptoHa...

Arthur Hayes, former CEO of Bitmex and CIO of Maelstrom, predicted that major banks like JPMorgan will overshadow Tether and other stablecoin companies once they are permitted to issue fiat-backed stablecoins. During an episode of Laura Shin’s Unchained podcast, Hayes outlined Tether’s successful business strategy, which involves taking dollars, investing them in treasury bills, and earning profits from the interest rate spread. This model has allowed Tether to achieve significant status in the crypto market, primarily due to the absence of a similar offering from the U.S. banking system. He highlighted that T ether owners generate substantial free cash flow annually, estimating it to be around $4 or $5 billion. However, Hayes emphasized that the current operational model of centralized stablecoins, which relies heavily on banking services for fund custody and clearing, is not sustainable. You might also like: Arthur Hayes dumps Solana for Ether, cites divine...