PANews reported on August 25th that, according to BeinCrypto, former BitMEX CEO Arthur Hayes stated at the opening ceremony of the WebX conference in Tokyo on August 25th that the cryptocurrency bull run will continue until 2028, driven by changes in US stablecoin policy. The US aims to shift the $10-13 trillion Eurodollar market toward a government-controlled stablecoin ecosystem to achieve fiscal control. DeFi platforms such as Ethena and Hyperliquid are expected to benefit from the influx of stablecoin liquidity.