Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit pool’s outstanding loans. When Sherlock invested in the pool, however, Orthogonal’s borrowings only accounted for 14% of the pool’s loans.
Related posts
-
U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
The IRS said it tried to avoid some burdens on users of stablecoins, especially when used... -
Solana (SOL) ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto
“Given that CME-traded solana futures don’t currently exist, it seems the only viable path for spot... -
Bitcoin Price (BTC) Could Drop to $55K as Crypto Closes Weak Quarter
Anticipation of the spot bitcoin ETF approval, then the approval, and then the massive inflows into...