Topline: The Chinese government refuses to repay over $1 trillion of decades-old bonds held by private American citizens, even though the U.S. is still making payments on its more than $850 billion debt to China, according to a recent op-ed in The Hill.
Traders on X are pointing to everything from a Hong Kong fund blowup to yen funding stress and even quantum security fears as bitcoin’s plunge turns into a full-blown narrative vacuum....