BREAKING: Tether-backed exchange Orionx abruptly shuts down after $7 MILLION in customer assets vanish from its wallets.
The Chilean exchange is closing permanently and has frozen withdrawals for over 100,000 users.
A forensic audit found the funds were moved to wallets outside its control, spanning Bitcoin, Ethereum, XRP and Polygon, between 2018 and 2021.
Orionx has filed criminal complaints against its two co-founders, who deny wrongdoing.
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🚨ALERT: Demand for short-term Japanese government debt is COLLAPSING as investors brace for further BOJ tightening.
The 2-year JGB auction’s bid-to-cover ratio plunged to 2.97 from 3.63, marking the weakest demand since September 2025.
Rising Japanese yields could strengthen the yen and accelerate the unwinding of yen-funded carry trades, increasing volatility across stocks and crypto.
🚨ALERT: A YEN SHOCK could destabilize global MARKETS.
U.S. Treasury Secretary Scott Bessent warned that disorderly Yen moves could trigger “forced unwinds” and raise borrowing costs for American households and businesses.
“The best-managed crisis is the one that never happens,” Bessent said, defending last month’s rare joint U.S.-Japan currency intervention.