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Maelstrom Parks 5% of Funds in Staked USDe, Plans to Rotate into Crypto After Election Results Clear

Maelstrom Parks 5% of Funds in Staked USDe, Plans to Rotate into Crypto After Election Results Clear

CointimeCointime2024/10/28 09:33
coin_news.by:Cointime

According to an email interview with CoinDesk, Maelstrom has invested 5% of its funds in staked USDe and plans to rotate the money into cryptocurrency after the election results are clear and the losing side accepts defeat. The fund manager, Hayes, stated that the election outcome is only significant in the short-term and it doesn't matter who wins. With the U.S. election looming, markets are anticipating the event with "high uncertainty." Additionally, OKX's expansion into Dubai is considered a regulatory game-changer in the crypto industry.

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