**Cryptocurrency and Blockchain News**

- BitMEX co-founder Arthur Hayes has published an article titled "Sugar High" where he discusses the short-term effects of a potential Federal Reserve interest rate cut.

- Hayes noted that assets like Bitcoin could benefit from a liquid global financial market that could arise from inflation.

- Fed Chairman Jerome Powell hinted at an interest rate cut in September, citing a cooling labor market.

- Hayes argues that a rate cut would only bring short-term benefits and calls for higher rates to support long-term economic growth.

- A rate cut could also impact the Japanese yen, which could put pressure on global markets and dollar-denominated assets.

- Despite the call for higher rates, Hayes expressed optimism that a liquid global financial market environment could benefit Bitcoin and other cryptocurrencies.