According to news from Coin World, today at the WebX 2025 conference held in Tokyo, Japan, Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated that he is particularly focused on four projects: Ethena, Hyperliquid, Ether.Fi, and Codex. These platforms not only provide yield opportunities for stablecoin holders but also realize financial services that the traditional financial system cannot implement. Arthur Hayes also mentioned that the current bull market may last until 2028. It is expected that by then, the supply of stablecoins will reach $10 trillion, and the federal funds rate will drop to 2%. During this period, DeFi projects are expected to see a massive influx of capital. Investors should pay attention to the migration of funds from centralized exchanges to decentralized platforms, as well as the expansion of new financial services within the stablecoin ecosystem.