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RE: TETHER | Market Cap Jumps US$600,000,000 Over Night - Price At A New All Time Low
Tether is still a huge percentage of net inflows into crypto. Tether being used by all of the wash trading and spoofing exchanges means that the power of each tether used for such purposes is amplified and leads to much more price action than would be seen on any decently regulated exchanges. It's going to be much worse than Mt. Gox when tether explodes.
I don't follow your logic. If Tether is all the bad things you say, and it may be, then having Tether washed out as a fraud or otherwise is a good thing. Same as when BitConnect got shut down recently. It has to help crypto market to have the shady coins wash out.