Stablecoin issuer Tether faces scrutiny over an $840mn loan it recovered from Celsius Network as the crypto lender's bankruptcy tests how insolvency rules apply to digital assets. Celsius filed for bankruptcy protection in the US this month, becoming the latest casualty of the recent crash in crypto prices and leaving hundreds of thousands of its customers facing losses on their investments.

Yesterday, Bloomberg's Businessweek published a feature about Tether's $69 billion stablecoin, or more specifically about its backing assets. A highlight of the piece is the author Zeke Faux's description of Tether as "a company that seemed to be practically quilted out of red flags". One of the things that alarms regulators is its rapid growth.

Are popular crypto stablecoins the next subprime CDOs, or even outright Ponzi schemes? Find out why I advise investors to sell or avoid Tether.

China's economy is going down quickly, even as the Evergrande collapse, and China's real estate crisis unfolds. And now, the Evergrande collapse is also expected to hit the Chinese foreign policy. The Chinese foreign policy is presently dictated by the Belt and Road Initiative (BRI) which involves large-scale debt financing by Chinese financial institutions, Chinese State-owned Enterprises (SOEs) and local government financing vehicles.

It may seem like ancient history now, but back in January the great WallStreetBets short squeeze was all the rage, having sent heavily shorted meme stocks like GME and AMC to unprecedented heights as millions of retail daytraders used their Robinhood account to pile on and buy in wave after seemingly endless wave in the process crushing reputable hedge funds such as Melvin Capital which needed multi-billion capital infusions to avoid being margin called to death.

No matter what you believe about USDT-Tether-it is beyond question that the stablecoin has become integral to the digital asset industry. It's the most-traded digital asset by a significant margin, and the network of exchanges surrounding Tether hold significant amounts of USDT.

As more and more information comes to light about Hunter Biden, so do many of the questionable business dealings in which Hunter had engaged. While Burisma has made headlines for the last several years, recently much more has been revealed about Hunter's engagement in Chinese business dealings - and they're infinitely more troubling than anything having to do with Ukraine or Burisma.

Christine Lagarde, the head of the IMF, will become the head of the ECB. Already, she has made a fool out of herself. Following a two-day marathon in which "Spitzenkandidat" Failed and Merkel's Plan A and Plan B Dumped Lagarde will now head the ECB and give up her job at the IMF.