debt

Author of "Rich Dad Poor Dad" Robert Kiyosaki posted on platform X, stating that although the crypto market is still in a downturn, he has chosen to increase his holdings by buying 1 Bitcoin at a price of $67,000 for two reasons:When the U.S. debt issue impacts the dollar system, "massive money printing" will be initiated, and the Federal Reserve will once again print "trillions of dollars in fiat currency";The total supply limit of 21 million Bitcoins is nearing full mining, and when the "21st million Bitcoin" is mined, Bitcoin will have an advantage over gold.

According to Decrypt, the DeFi lending protocol Moonwell has incurred approximately $1.78 million in bad debt due to an oracle configuration error.After enabling Chainlink's OEV wrapper contract through governance proposal MIP-X43, there was a severe misconfiguration of the price oracle for cbETH, which was once valued at only $1. On-chain trading bots and liquidators acted quickly, seizing cbETH collateral worth thousands of dollars by repaying a debt of about $1.This configuration error led to the liquidation of 1,096.317 cbETH, wiping out most or all of the collateral for many borrowers, leaving the protocol with a significant amount of bad debt. The Moonwell team immediately reduced the cbETH borrowing limit and supply cap to 0.01 upon discovery to limit further losses, but a spokesperson declined to comment further on the source of the error or the details of the vulnerability.

The founder of Strategy, Michael Saylor, revealed that the company plans to convert its $6 billion convertible debt into equity within 3 to 6 years. The company stated on the X platform that even if the BTC price drops to $8,000, Strategy still has enough assets to fully cover its debt.Currently, the company holds 714,644 BTC, with reserves valued at $49 billion, and its convertible debt is approximately $6 billion. Strategy's average purchase price for Bitcoin is around $76,000, and with the current trading price of $68,400, the company's investment is currently down about 10%. Additionally, Saylor posted a chart of Strategy's increased holdings on the X platform on Sunday, suggesting that the company will buy Bitcoin again, marking the 12th consecutive week of purchases.

Strategy stated that even if the price of Bitcoin falls to $8,000, it can ensure that it has enough assets to fully repay its debts. In response, founder Michael Saylor retweeted and stated that there are plans to convert convertible bonds into equity within the next 3-6 years.

According to statistics from Bubblemaps, Trend Research is currently selling Ethereum on a large scale to repay its leveraged position on AAVE. Data shows that the institution has transferred 332,000 ETH (approximately $700 million) to Binance in the past five days, and just in the last hour, it transferred ETH worth about $40 million.Trend Research currently holds approximately $100 million worth of ETH, accounting for 9% of the total supply of aWETH. Trend Research remains the second-largest holder of aWETH and continues to reduce its holdings. The institution, led by Jack Yi, became known in 2025 for establishing the largest leveraged long position in Ethereum through AAVE. As Ethereum prices fell in 2026, the institution began a "risk control adjustment," which involves transferring ETH to exchanges to repay debts. Analysts point out that as prices approach liquidation levels, Trend Research and other ETH whales may be forced to continue selling their positions.

Strategy CEO Phong Le stated during the Strategy Q4 financial performance webinar that Bitcoin needs to drop to $8,000 and stay at that level for five to six years to pose a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it "terrible FUD."Strategy reported a net loss of $12.6 billion for the quarter, primarily due to the price of Bitcoin falling below the company's average acquisition cost, resulting in unrealized losses on its digital asset holdings.Strategy CFO Andrew Kang stated, "These results are clearly impacted by the decline in Bitcoin's market value at the end of the quarter, and we are using a market value accounting method." However, Kang also pointed out that the company is pursuing a long-term strategy, adding, "Even in the face of market volatility, we will continue to execute our established strategy."

According to the Russian newspaper "Kommersant," the large Russian Bitcoin mining company BitRiver is facing a serious crisis and may be heading towards bankruptcy. Its parent company has had bankruptcy observation procedures initiated by an arbitration court, with the main creditor, the En+ Group's "Siberian Infrastructure" company, demanding the repayment of over $9.2 million in debt.The report points out that BitRiver has fallen into a legal dispute with En+ due to failing to deliver equipment after not receiving advance payments for it. At the same time, the company is also facing multiple lawsuits from power companies seeking to recover unpaid electricity bills, totaling hundreds of millions of rubles. Due to its inability to pay electricity bills and local bans, BitRiver has ceased operations at several data centers in Irkutsk, Buryatia, and other locations. It is estimated that the company previously held over 50% of the mining market in Russia. The company is currently negotiating changes in ownership and the transfer of remaining assets.According to previous news from ChainCatcher, the CEO of the Russian Bitcoin mining company BitRiver was arrested on suspicion of tax evasion.

According to market news, Binance's head of the Asia-Pacific region, SB Seker, stated that Binance will complete compensation for users of the GoFi service under South Korea's Gopax within this year to address the liquidity crisis that has persisted since 2023. The compensation will be made in the exact same amount of cryptocurrency as the users' losses. A dedicated wallet has been prepared, containing assets such as 775.11 BTC and 5766.62 ETH, and is awaiting final approval from the relevant South Korean authorities.After completing the compensation, Binance plans to shift its focus to enhancing Gopax's technology and security standards, and is considering incorporating it into the Binance brand system at an appropriate time. In the long term, Binance will focus on areas such as stablecoins, real asset tokenization, and institutional services in the South Korean market, planning to collaborate with local institutions to launch a Korean won-pegged stablecoin and security token products. Although South Korean regulators have proposed limiting the shareholding ratio of major shareholders in exchanges to 15% to 20%, while Binance currently holds over 67% of Gopax's shares, Seker stated that they have sufficient experience to respond to this. He mentioned that South Korea is the pinnacle of digital assets in the Asia-Pacific region and is expected to become one of the top three digital asset centers globally. Binance will compete vigorously for market leadership in the next three to five years.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the U.S. debt path is undoubtedly unsustainable, and the fiscal situation needs to be addressed.

According to on-chain analyst Yu Jin's monitoring, a whale that bought $263 million worth of WBTC and ETH at a high price using a revolving loan continued to sell at a loss after BTC dropped to $86,000, selling 400 WBTC for 34.67 million USDT to repay, with a selling price of $86,694. He has realized a massive loss of $51.17 million due to buying high and selling low:18,517 ETH (worth $81.75 million) bought at a price of $4,415 has been completely liquidated at an average price of $3,049, realizing a loss of $25.29 million;1,560 WBTC (worth $182 million) bought at a price of $116,762 has been sold at an average price of $89,798 for 960 units, realizing a loss of $25.88 million.

According to market news, the U.S. stock-listed Bitcoin treasury company Strive announced plans to raise $150 million by issuing Series A perpetual preferred stock (SATA Stock).The company stated that it will use the proceeds to reduce outstanding debt, purchase Bitcoin and Bitcoin-related products, and support company growth. This financing plan follows the approval by shareholders last week for Strive to acquire Semler Scientific. The acquisition is expected to be completed soon and will add over 5,000 Bitcoins to Strive's balance sheet, increasing the company's Bitcoin reserves to 12,798 Bitcoins.

According to Onchain Lens monitoring, a giant whale "0xE9D" bought 11,089 AAVE (worth 1.9 million USD) from Kraken. Currently, this whale holds 355,093 AAVE, valued at 59.15 million USD, while having a debt of 30 million USD.

According to CNBC, the latest analysis indicates that the stock price of Bitcoin treasury company Strategy remains low, and the Bitcoin premium indicator is also declining. A key decision on whether the MSCI index will remove Strategy is approaching in January next year. Against this backdrop, Strategy is drafting a "defensive mode," and they have recently established a cash buffer of about $2.2 billion to cope with the challenges of Bitcoin bets. This fund is expected to be used for paying preferred stock dividends and debt interest rather than purchasing more Bitcoin.

According to DL News, an audit by the Financial Supervisory Service of South Korea found that the "New Start Fund," aimed at assisting small businesses struggling after the pandemic, provided over $15 million in debt relief to 269 individual cryptocurrency traders.The audit case showed that an individual who received $62,350 in debt relief (a 77% reduction) held approximately $307,000 worth of cryptocurrency at the time. Shin Jin-chang, chairman of the Financial Services Commission, stated that the criteria for selecting beneficiaries will be strengthened, but acknowledged that only legal amendments can fundamentally prevent such situations. Currently, the fund operator, Korea Asset Management Corporation (KAMCO), cannot proactively check whether applicants hold crypto assets unless they voluntarily disclose it.A proposed amendment currently under review in Congress, if passed, would authorize KAMCO to verify the holdings of unlisted stocks and crypto assets of beneficiaries without consent. In recent years, South Korea has gradually authorized tax and local government departments to check and freeze the crypto assets of citizens with unpaid taxes and fees.

According to Jinshi, Federal Reserve's Goolsbee stated that it is concerning for people to think that the Federal Reserve should lower interest rates to fund government debt, which is also the reason for the Federal Reserve to maintain its independence.

Bitfinex has released a latest report stating that following the recent weak performance of U.S. labor data, the market expects the Federal Reserve to announce an interest rate cut today (December 10).The current voluntary resignation rate has dropped to about 1.8%, the lowest level since 2020, while the layoff rate is nearing a three-year high. This indicates that wage pressure is easing, providing a basis for interest rate cuts, which is a key driver for Bitcoin ($BTC) and other risk assets. Consumers are increasingly relying on credit.Currently, the year-on-year increase in the Consumer Price Index (CPI) hovers between 2.5% and 2.7%, still above the 2% policy target. Meanwhile, U.S. credit card debt has surpassed $1.2 trillion, with an average interest rate exceeding 20%. The tightening of household finances makes the macro environment for risk assets more fragile.For traders, the coexistence of weak labor data and rising credit usage means that a cautious strategy should be adopted. While interest rate cuts may support asset prices, the sluggish growth and consumers' financial strain could still amplify the intensity of market shocks.

Star responded on social media regarding the topic of "Mole Thread co-founder Li Feng borrowing 1500 BTC from Star and not returning it while going missing," stating, "One cannot always stay in the shadow of negative history. Looking to the future, let’s contribute more positive energy. Debt issues should be handled by the law. Best wishes to every entrepreneur."ChainCatcher previously reported that Mole Thread surged nearly 470% on its first day of listing on the Sci-Tech Innovation Board on December 5, with a market value exceeding 300 billion yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have drawn renewed attention.The report pointed out that in 2017, Li Feng participated in the issuance of a token project called "Malle Go Coin (MGD)" along with Li Xiaolai and others. The project raised about 5000 ETH during the ICO boom, but several aspects of the team background in the white paper were alleged to be exaggerated, and some uses of funds were opaque. Under regulatory pressure, the project was later renamed "Alpaca Coin." Additionally, in 2018, OKX founder Star publicly accused Li Feng of failing to return 1500 bitcoins borrowed and stated that legal proceedings had been initiated in both China and the U.S.The borrowing agreement presented by Star at that time showed that both parties first signed the agreement in 2014, and it was renewed in 2017 due to a request for an extension, but ultimately, a default occurred. Due to issues with cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.

Alliance DAO co-founder QwQiao stated on social media that no technological revolution in the past few hundred years—whether it be the steam engine, electricity, or computers—has changed the long-term per capita GDP growth rate of 2%. Therefore, it is unlikely that we will escape debt through artificial intelligence and robotics. The printing press must continue to run.