Arthur Hayes
Chief Investment Officer at Maelstrom, Co-Founder and Former CEO of BitMEX.
“Marquee last year was, I think, half a million Sing dollars on like a random weekday minimum spend, and it was fully booked all week last year. This year, not a single booking. And it was all shitcoin projects spending investor money on Marquee and average DJs.”
Unchained · Crypto & Web3 · October 2026
Hayes, at a crypto conference in Singapore, during a discussion of two blockchain networks that had just announced they were shutting down. A moment earlier he had given his explanation, that when prices fall people leave. The nightclub is his evidence of how much project money has gone since last year's event.
Transcript
Of course.
We were saying no one booked out Marquee. Yeah, so Marquee
last year was, I think, half a million Sing dollars on like a random weekday minimum spend, and it was fully booked all week last year. This year, not a single booking. And it was all shitcoin projects spending investor money on Marquee and average DJs.
Really? Really?
Wow. So
first, I want to say, it's really hard to build a company. So I feel bad for these guys. They got very far. It's like many people die at zero. They don't even get to tens of millions of anything. So huge sympathy for them, props for them. The second thing is you can think of, you know, Carloto…
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