[Arthur Hayes: Crypto Market in a 'No-Trade Zone,' AI and Middle East Situation as Key Variables] Odaily Planet Daily reports that BitMEX co-founder Arthur Hayes stated in his latest article that the crypto market is currently in a 'no-trade zone.' His fund, Maelstrom, conducted almost no trading in the first quarter of this year, primarily due to the lack of a clear market trend. He pointed out that the future market will be influenced by two major variables: first, the impact of AI on employment structures, which could trigger a chain reaction in the economy; second, the uncertainty surrounding the situation in the Strait of Hormuz amid U.S.-Iran tensions. Hayes proposed multiple potential development scenarios, including economic slowdown, energy supply shocks, and changes in global inflation.