“Somehow we went from ‘Tether is raising $20B at a $500B valuation’ to ‘Tether is insolvent’ in just a few weeks.” When even @jdorman81 — one of the industry’s most experienced investors — says he can’t explain what’s happening, you know something is off. This doesn’t look organic. It looks coordinated. https://www.ar.ca/blog/the-selling-nobody-can-explain(Perianne Boring)