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The influence of United States Government bonds, also known as Treasurys, is far-reaching beyond the financial markets. The cost of capital attributed to U.S. dollars affects every loan, mortgage, and even cryptocurrency derivatives. But what happens if the U.S. government defaults on its debt, and there is no interest debt payment? This scenario could trigger
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Creditors of the bankrupt crypto lending firm, Celsius Network, have amended their class-action lawsuit to include algorithmic trading firm, Wintermute. The plaintiffs now allege that Wintermute aided Celsius in wash trading, an illegal activity where the same crypto or security is sold and bought to generate misleading market information. The latest court filing shows Wintermute