Over the past year, the U.S. Treasury issued a record $25.4 trillion in T-Bills, bringing the total issuance to $36.6 trillion, with T-Bills accounting for 69.4%. The government is financing long-term debt through short-term debt, causing interest expenses to move in sync with the Federal Reserve's policy rate, which could exacerbate the U.S. debt crisis.

Star responded on social media to the allegations that Moore Threads co-founder Li Feng borrowed 1,500 BTC and failed to return it, stating that the debt issue will be handled according to the law and encouraging attention to positive developments in the future. At the same time, Star disclosed the historical background of the agreement and Li Feng's breach of contract.

According to Jinse Finance, as disclosed by Bitcoin.com News, following its historic $12.5 billion debt buyback (the largest in history), the US Treasury has added another $2 billion buyback, bringing this week’s total buyback amount to $145 billion dollars.

Fidelity International expects emerging markets to deliver strong performance in 2026, especially assets that benefit from U.S. rate cuts and the potential for local currency appreciation. The current market has not yet seen large-scale capital inflows, laying the foundation for future investment in emerging market debt.

Foresight News reports, citing The Block, that Aave Labs has expanded its partnership with CoW Swap by integrating the DEX aggregator’s solver network into all swap functions on Aave.com, and has launched a flash loan product specifically built for intent-based infrastructure. According to Aave Labs and CoW Swap, the new model enables developers and advanced users to execute complex transactions more efficiently, unlocking previously hard-to-achieve use cases such as arbitrage, refinancing, and automation. Once the integration is complete, Aave.com will route asset swaps, collateral swaps, debt swaps, and “repay with collateral” features through CoW Protocol’s batch auction execution system, allowing users to manage every part of their loan lifecycle in one place. Assets supported by CoW Protocol, coll

Strategy (MSTR) is currently down over 11% in the US stock market, with a market capitalization of about $44.8 billion. The company holds 650,000 Bitcoins, with a total value of approximately $48.4 billion, and its stock price has fallen for four consecutive months. The company has set aside $1.44 billion in reserve to pay dividends and debt interest, sufficient to cover 23 months of dividends.

Golden Finance reported that Musk said in a conversation with investor and podcast host Nikhil Kamath released on Sunday that the only way for the U.S. to escape its deepening fiscal predicament is through productivity driven by AI and Bots. Musk stated that this is almost the only way to solve the U.S. debt crisis. He added that this is likely to bring about significant deflation. According to data from the U.S. Department of the Treasury, as of November 26, the national debt of the United States has reached $38.34 trillion, more than double what it was ten years ago. Musk stated that AI currently does not have sufficient productivity improvements to make economic output exceed the inflation rate, but this is about to change. He said that within three years or less, his judgment is that the output of goods and services will exceed the rate of inflation. Musk stated that advancements in AI and Bots technology will bring humanity into an era where work becomes optional.

Odaily News Strategy CEO Phong Le stated in a recent interview that the company will only consider selling Bitcoin when its stock price falls below net asset value and it is unable to secure new funding. However, he emphasized that this is not a shift in its long-term policy or an active dumping plan, but rather a "financial decision" that is made only in extreme market conditions and when the capital environment deteriorates. Strategy has launched a new "BTC Credit" dashboard this month in response to recent market concerns about its liabilities and liquidity. The company claims that even if Bitcoin prices remain depressed over the long term, its debt structure and cash flow coverage remain robust. (Cointelegraph)

According to Golden Finance and The Information, Morgan Stanley stated that Oracle's corporate borrowing and data center leasing will more than double its net adjusted debt in the fiscal year 2028, reaching approximately $290 billion, compared to about $100 billion currently.

Tether has paused its Bitcoin mining operations in Uruguay due to rising energy costs, although it remains committed to long-term projects in Latin America. Previously, Tether had a debt dispute with Uruguay's state-owned electricity company, has notified the labor department, and laid off 30 employees.

Golden Finance reported that the UK's Financial Conduct Authority (FCA) announced the establishment of a stablecoin task force within the Regulatory Sandbox, with applications open until January 18, 2026. Meanwhile, according to Bloomberg, the UK's Debt Management Office is studying the expansion of the UK Treasury bill market, which may be linked to the structure of stablecoin reserves.

Deutsche Bank predicts that gold prices will approach $5,000 per ounce in 2026 and break through $5,150 in 2027. Analysts point out that demand for gold purchases by the Central Bank and the return of ETFs will drive gold prices up, despite a previous decline, the prices have now rebounded. Additionally, the fluctuation of gold prices in 2025 reached the highest level since 1980, reflecting market concerns about inflation and global debt.

MicroStrategy confirmed that even if the price of Bitcoin falls to $25,000, its debt-to-asset ratio will remain at 2.0 times, well below its average purchase cost of $74,000. The company's stock price has fallen by 49% and is facing the risk of being removed from the MSCI index, with a decision expected to be made before January 2026. MicroStrategy's $16 billion in debt is supported by Bitcoin at a ratio of 3.6 times, demonstrating strong resilience. The total amount of convertible bonds it holds is $8.214 billion, with a BTC rating of up to 6.9 times; the total amount of preferred shares is $7.779 billion, with a BTC rating of 3.6 times. Overall, the company's total debt, including preferred shares, amounts to $15.993 billion, currently supported by more than three and a half times the value of its Bitcoin assets.

PANews, November 26 news, Strategy stated in a post on platform X: "If the price of Bitcoin falls to our average cost price of $74,000, we still have assets equivalent to 5.9 times the convertible debt, which we refer to as the Bitcoin rating of the debt. If the price of Bitcoin falls to $25,000, that ratio would be 2.0 times."

Odaily News Arca Chief Investment Officer Jeff Dorman stated in a post this morning: "For years I have been debunking the misconceptions about Strategy (MSTR), yet every time BTC falls, the same nonsensical claims resurface - some say MSTR will be forced to sell BTC, or that its holdings will be liquidated, as if this were some leveraged perpetual futures… Anyone who spends less than five minutes consulting any debt or equity expert would understand that unless BTC's decline reaches a level where MSTR's selling actions become insignificant, MSTR simply does not need to sell BTC." Dorman further added that the reasons MSTR does not need to sell BTC are mainly as follows: 1. Considering

New Zealand has confirmed that from 2026, financial literacy will become a compulsory subject for all students in grades 1 to 10. Education Minister Erica Stanford announced that this reform will be included in the updated social sciences curriculum and will be implemented in all schools by 2027. This decision stems from a study by the retirement committee, which shows that currently only 25% of students have received any form of financial education. Finance Minister Nicola Willis stated that the lack of basic financial knowledge leads to poor debt management among young people.

Michael Howell pointed out in the podcast that the trend of currency inflation will last for decades, and Bitcoin and gold are effective hedging tools. He advised investors to moderately adjust their Bitcoin holdings and include quality assets in their portfolios to cope with the risks and opportunities brought by long-term debt expansion. At the same time, follow market cycles and fluctuations to optimize returns.

Recently, US tech giants issued nearly $90 billion in bonds, raising concerns in the market about the ability to absorb the rise in AI spending and debt supply, leading to a significant pullback in US stocks. The Nasdaq and tech stocks experienced falls, with individual stocks like Advanced Micro Devices and Micron Technology performing particularly weak.

Foresight News reports that according to Lookonchain monitoring, the 66kETHBorrow whale has purchased 114,684 ETH (approximately $319 million) in the past 2 days and currently holds 489,696 ETH (worth approximately $1.35 billion). The address has a debt of $648 million on Aave, with an ETH liquidation price of approximately $1,594.

CryptoQuant founder Ki Young Ju stated on the X platform that MicroStrategy would only go bankrupt if an asteroid hit the Earth, refuting rumors of Michael Saylor dumping Bitcoin. He pointed out that Saylor needs shareholder approval to sell Bitcoin and emphasized that there are various ways for MicroStrategy to address debt issues, and the risk of bankruptcy does not exist. Even if Bitcoin falls to $10,000, MicroStrategy would only restructure its debt.

Odaily News Bridgewater founder Dalio said: I believe the United States is facing a debt problem. (Jin10)

According to ChainCatcher news and a report from CoinDesk, India plans to launch a stable digital asset ARC pegged 1:1 with the rupee in the first quarter of 2026, developed jointly by Polygon and local fintech company Anq. ARC will operate on the basis of the Central Bank Digital Currency (CBDC) and adopt a dual-layer structure, issuing only to corporate accounts, aimed at curbing capital flow towards dollar stablecoins and supporting domestic debt needs. This mechanism combines Uniswap v4 Allowlist control, reinforcing Compliance and ensuring monetary sovereignty.

India's Asset Reserve Certificate (ARC) is expected to be launched in the first quarter of 2026. The ARC Token is pegged to the Indian Rupee at a 1:1 ratio, and cash or cash equivalents must be in place at the time of issuance to ensure transparency and compliance, aiming to strengthen liquidity in the Indian economy and drive demand for public debt instruments.

A Whale sold 9516.8 ETH through a circular loan, earning 29.36 million USDT to repay Aave borrowings, reducing the debt scale to 121 million USD and improving the health rate to 1.12. However, market risks still need to be followed, and further reduce position to lower leverage may be necessary.

Japanese long-term government bonds have fallen sharply due to growing concerns about fiscal conditions in the market. The yield on 20-year government bonds has reached a new high since 1999, with traders following the fiscal expenditure of economic stimulus plans, worried that increasing debt may affect market stability. Despite GDP data supporting the stimulus plan, investors remain cautious.

Odaily News Bitcoin pioneer and Blockstream co-founder Adam Back stated in a post on the X platform that the Bitcoin treasury company Strategy has been buying Bitcoin. The previous wallet switch was merely to transfer Bitcoin to another custodian and did not involve selling. The leverage ratio of Strategy is actually very low, currently holding Bitcoin worth 64 billion dollars, with liabilities of only 8 billion dollars, resulting in a leverage ratio of about 13%. Moreover, its debt is all long-term debt, which does not need to be repaid in the short term.

Analyst Marc Cogliatti from Validus Risk Management pointed out in the report that the US dollar will continue to be weak in the medium to long term due to its overvaluation and market concerns brought about by Trump pushing for interest rate cuts. The ballooning deficit may impact the US debt market, and a recovery of the dollar may be short-lived.

PANews November 13 news, according to DeFi researcher Ignas, Aave is currently voting to set the LTV of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, $CAKE to 0 and remove lending due to a big dump during the 10/10 (Beijing time 10/11 early morning) period, where the Oracle Machine updated once, causing a rise of 15%–50%, and some price feeds had latency, resulting in bad debt risk. Ignas pointed out that the price feed from Chainlink and DEX prices previously showed a price difference of about 58%, leading to ~$200K funds being arbitraged; the total collateral income for these assets over the past three months is about $14K, with low borrowing income (e.g., CRV annualized ~$80K). He, as a delegator, has voted in support.

MEV Capital has updated the operational progress of the Morpho USDC vault on the X platform, having removed the Elixir sdeUSD/USDC trading pair, resulting in approximately 3.6% bad debt for the vault. The vault no longer holds Elixir assets, and MEV Capital is working with various parties to address the Elixir creditor issues. Elixir's deUSD has been retired, and the USDC compensation process has been initiated.

Odaily News CodyDeFi posted on the X platform that the total Lock-up Position (TVL) of MEV Capital on Morpho has rapidly declined, with some pools having a TVL of only one-tenth of their peak period. MEV Capital has recently begun to conduct "bad debt liquidation" on some stablecoins and is handling it in a way that distributes the costs among depositors.

Inflation-linked bonds issued by the UK attracted a record number of orders, with investors subscribing to over 69 billion pounds, easing the debt sustainability concerns faced by Chancellor Rishi Sunak. This garnered some support ahead of the upcoming budget announcement.

After the decline in Bitcoin prices, institutional purchases of digital assets significantly decreased, and DAT capital inflows dropped sharply. The sell-off of related stocks exceeded Bitcoin's decline, and the first treasury company, Sequans Communications, also sold Bitcoin to repay debt, sparking ongoing market skepticism about DAT's strategy. Analysts expect digital asset management firms may sell Bitcoin to exchange for US dollars.

Foresight News reports that digital asset management company Farm Capital tweeted that its on-chain yield strategy product mFARM has borrowed 1.09 million USD from the Silo sUSDX·USDC market (Arbitrum platform ID 127) and is currently unable to withdraw. In the worst-case scenario, this 1.09 million USD could become a bad debt, resulting in a total loss. The team is actively seeking the recovery of the sUSDX market and will do its best to recover the funds. Farm Capital will bear over 50% of the bad debt, some of which has already been transferred through OTC trades. The price of mFARM will be updated within the next 48 hours, after which redemptions will resume normally. Users looping mFARM/USDC on Euler or Morpho should pay attention to the health factor and liquidation price.

UBS report indicates that the growth of U.S. debt will lead long-term Treasury investors to demand higher term premiums, causing the yield curve to steepen again. However, the ten-year Treasury yield is expected to decline due to Federal Reserve rate cuts, falling to 3.50% next year and rising back to 4% by the end of 2026.

Notional has confirmed that its V3 protocol was affected by a Balancer vulnerability, resulting in approximately 721.6 ETH in bad debt, with users facing a 100% loss. The team plans to gradually shut down the protocol and migrate cross-currency lending users' positions to Aave to reduce liquidation risk. A detailed asset withdrawal plan will be released later.

Analyst Willy Woo pointed out that Michael Saylor's Strategy company does not need to sell Bitcoin to pay off its debts during the fall of the crypto market, mainly due to its flexible debt structure, and the current stock price needs to be above $183.19 to avoid selling Bitcoin.

The Chainlink annual flagship conference SmartCon was held in New York, where executives from the finance and DeFi sectors discussed the new infrastructure challenges of the on-chain economy. Experts pointed out that technical debt, user experience, stablecoins, and cross-institutional collaboration are key to industry development, calling for accelerated regulatory clarity to promote asset management participation in the on-chain economy.

PANews, November 5 news, Curve Finance is seeking community feedback on governance proposal 1252, which proposes to introduce "Emergency DAO" multi-signature authority for crvUSD and LlamaLend to ensure system security before supporting yieldbasis and Resupply and further scaling. The proposal voting will end on November 12. This proposal aims to allow Emergency DAO to share control over key risk parameters with Curve DAO, including: Lower the debt ceiling related to crvUSD minting (applicable to YB, Flashminter, etc.); Adjust AMM fees, monetary policy, and liquidity mining adjustments; Manage loan discounts (no forced liquidation); Set

According to ChainCatcher news and reports from Investing.com, the US-listed semiconductor company Sequans Communications (NYSE: SQNS) redeemed 50% of its convertible bonds by selling 970 Bitcoins. This transaction reduced the company's total debt from $189 million to $94.5 million. Sequans currently holds 2,264 Bitcoins, a decrease from the previous 3,234 Bitcoins. Based on current market prices, the company's net asset value in Bitcoins is approximately $240 million, and the debt-to-net asset value ratio decreased from 55% to 39%. The company's CEO Georges

Jin10 data reported on November 4th that Huaxi Securities research indicated that, in the long term, the U.S. government shutdown is still ongoing. A second rate cut of 25 BP has landed, and although the expectations for a rate cut in December have been suppressed, the overall expectations for rate cuts are gradually becoming clear. Geopolitical conflicts continue, and the acceleration of the trend of "de-dollarization" globally has jointly driven central banks and investors to continue purchasing gold. Global concerns about currency and debt have benefited gold due to the trading direction of debt and monetary easing, with a positive outlook for future gold prices. Benefiting from the rise in gold prices, the profit expectations for gold resource stocks have increased, and currently, the valuation of gold stocks is at a relatively low level, so follow the opportunities for gold stock allocation.

Electric Coin Company (ECC) released its roadmap for the fourth quarter of 2025, focusing on drop technical debt, enhancing Zashi user privacy and usability, and ensuring the smooth management of the development fund. Key priorities include temporary transparent Addresses, transparent Address rotation, and functionality improvements for Keystone devices. ECC stated that the roadmap is flexible and will be adjusted according to market changes.

Jin10 Data October 31 news, Jintongling announced that 5% or more shareholder Ji Wei's 13.9 million shares of the company have been transferred due to judicial auction and debt settlement, resulting in a passive reduction in holdings. Among them, 11.12 million shares were judicially auctioned, and 2.78 million shares were settled by goods, with a transfer price of 2.7279 yuan/share, and the transfer deadline is October 29, 2025. After this change in equity, Ji Wei and his concerted action person Ji Weidong's total holdings have decreased to 63.3779 million shares, accounting for 4.256% of the total share capital, no longer being a shareholder of 5% or more, and it does not affect the company's controlling rights and operations.

According to Foresight News, Tether CEO Paolo Ardoino stated that Tether holds $135 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. debt, surpassing South Korea and soon to overtake Brazil.

Joe Burnett, the strategic director of Semler Scientific, a Bitcoin treasury company, pointed out that despite JetBlue facing a weak financial situation and high debt, its comparison with Bitcoin assets shows that Bitcoin is gradually integrating into the traditional credit system and may become a safer financing foundation.

Golden Finance reports that the Canadian-listed encryption treasury company Universal Digital (stock code: LFG.CN) has announced it will finance $50 million through convertible debt to increase its holdings of Bitcoin.