According to Jin10 data on August 21, the Shanghai options market was bustling in July. According to the latest fund and derivation market data released by the Shanghai Stock Exchange, the cumulative Trading Volume of Shanghai options in July was 115.5066 million contracts, a rise of 48.92% month-on-month. Industry insiders said that as the exchange's on-site options trading significantly experienced higher trade volumes, off-exchange derivations also entered a strategic transformation period—brokerages are helping enterprises hedge commodity prices through revenue swaps, reduce debt financing costs, allocate assets across borders, and meet residents' low fluctuation, low-risk wealth management needs with customized off-exchange Options.

PANews, August 20, reported by The Block, Strategy (MSTR) announced a reduction in the threshold for stock issuance to raise more funds for Bitcoin purchases. MSTR closed down 7.43% on Tuesday to $336.57, and fell another 0.76% in after-hours trading, marking a new low since April 21. The company updated its policy to allow MSTR to issue new shares when below 2.5 times its net assets, for the purpose of repaying debt interest and paying dividends. This move has raised concerns among some investors about the company's motives. During the same period, the stock prices of several cryptocurrency-related companies also fell.

Golden Finance reports that U.S. Treasury Secretary Basent: Tariff revenue will rise significantly from this year's $300 billion, and will use tariff revenue to repay U.S. debt, dropping the deficit-to-GDP ratio.

Golden Finance reported that Soluna Holdings, a NASDAQ-listed company developing green data centers for Bitcoin mining and artificial intelligence and other intensive computing applications, announced its financial performance for the second quarter ending June 30, 2025: Net loss decreased by 1.4 million USD year-on-year (comparing Q2 2024 to Q2 2025) - mainly driven by improvements in revenue, gross profit, and selling and administrative expenses; however, operating loss increased by 2.9 million USD, and interest, taxes, and other expenses increased by 1.3 million USD, partially offset by a loss of 5.6 million USD from the revaluation of last year's convertible debt and warrants. Adjusted EBITDA decreased by 3 million USD year-on-year (Q2 2024 compared to Q2 2025) — mainly affected by the Bitcoin halving in April 2024 and fluctuations in hash prices (approximately 600,000 USD)

Golden Finance reports that Bitcoin holding company Nakamoto has officially merged with KindlyMD in Utah and will launch a Bitcoin treasury strategy under the KindlyMD name. BTC Inc. co-founder David Bailey has been appointed as the new company's CEO. The company plans to accumulate Bitcoin through equity, debt, and other financing methods. KindlyMD has raised $540 million through a private sale of stock and is expected to complete a $200 million convertible bond issuance tomorrow.

Golden Finance reports that since the beginning of this year, the number of publicly listed Crypto Assets reserve companies has doubled, but many of these companies have failed to achieve the goal of attracting a premium from Wall Street. According to data from several stock tracking platforms, more than ten publicly listed companies have a market capitalization lower than the value of their held Crypto Assets. All Crypto Assets reserve companies hope their multiple-to-Net Asset Value (mNAV) is greater than 1. However, unfortunately, some companies have failed to reach this level. It should be noted that mNAV does not take into account debts and burdens, but simply divides the company's market capitalization by the value of its held assets. Although this calculation method is relatively simplified, this convenient valuation metric is still very popular. Of course, when evaluating more than 160 companies, some rational investors will consider debt, burden, or other risks, thereby believing that

PANews, August 13 news, according to the payment service provider Block, Inc. announcement, the company plans to issue a total of $1.5 billion in senior bonds through a private sale, with the funds raised to be used for business operations, including debt repayment, potential acquisitions, and strategic transactions. It is reported that Bitkey and Proto, brands under Block, focus on the Bitcoin field, providing self-custody wallets and Bitcoin mining products and services, respectively. The company is committed to promoting the development of an open financial system.

Golden Finance reports that the US federal debt has reached a record $37 trillion, and the continuously rising deficit and potential Money Supply growth may support Bitcoin prices to rise to $132,000 by the end of the year. Analysts say that the ever-expanding deficit may ultimately prompt more accommodative monetary policy, including quantitative easing.

Jin10 reported on August 11 that Joyson Electronics is planning another IPO on the Hong Kong Stock Exchange. Regarding the continuously rising total liabilities and debt-to-asset ratio, on August 11, Joyson Electronics responded that the company is a relatively globalized multinational enterprise, and that the Hong Kong listing aligns with the company's positioning and operational situation. For the industry in which the company operates, a debt-to-asset ratio of around 70% is considered reasonable. The company plans to improve profitability and operational indicators in the future.

The total U.S. debt has surpassed $37 trillion for the first time, increasing by $780 billion since July 4, averaging $22 billion per day. Last week, the government sold off $724 billion in debt through 10 auctions, intensifying the crisis.

Odaily News In a podcast interview released by Bankless last night, Ethereum co-founder Vitalik expressed his views on the impact of "ETH reserves on Ethereum," stating, "ETH as an asset that companies can hold is good and valuable, and providing more options is good." However, he also issued a warning: "If you wake me up three years from now and tell me that sovereign debt led to the collapse of ETH. My guess is that it turned into an overly leveraged game."

The New York Fed's survey shows that consumer confidence in the Fed's long-term inflation management has declined, with inflation expectations for the next five years rising from 2.6% to 2.9%. In the short term, inflation expectations for the next year have risen from 3% to 3.1%. Consumer confidence remains relatively good, with the proportion of those believing that the unemployment rate will decrease hitting a new low, and confidence in finding new jobs in the next three months rising. Meanwhile, consumers expect government debt to rise by 9.1% over the next 12 months.

Consumer confidence in the Fed's long-term inflation management has declined, with inflation expectations rising to 2.9% over the next five years. In the short term, the inflation expectation for the next year has slightly increased to 3.1%. Consumer confidence is good, with the belief that the unemployment rate will not rise significantly, but there is an expectation that government debt growth will accelerate over the next 12 months.

After Semler Scientific released its second quarter financial report, analysts reiterated their buy rating, believing that it is expanding its Bitcoin holdings through operating cash flow and low-cost debt to maintain shareholder value and avoid dilution.

Golden Finance reports, "New Bond King" Gundlach: Still believes that the basic scenario this year is two interest rate cuts.

Odaily News VERT Capital, a Brazilian credit structure and securities finance company, plans to tokenize up to $1 billion in debt and receivables on the XDC network. As part of the transaction, the two companies will transfer financial instruments such as corporate debt, receivables from agribusiness enterprises, and structured credit products onto-chain over the next 30 months. (CoinDesk)

Everbright Securities pointed out that the US dollar stablecoin aids in the diversification of the US dollar's functions and enhances its international status, while alleviating the debt pressure on the United States. However, it still fundamentally relies on the credit of the US dollar and does not fundamentally solve the problem of the US dollar's twin deficits, which may exacerbate risks and affect the stability of the short-term and medium-to-long-term debt markets.

Gate News bot message, Gate market shows that since the launch of Alpha, DEBT has risen by 132.28%, current price is 0.029303 USDT.

Gate News Bot message, July 29, according to CoinMarketCap data, as of the time of writing, DEBT (DebtCoin) is currently priced at $0.03, with a rise of 88.25% in the last 24 hours, reaching a high of $0.03 and a low of $0.01, with a 24-hour volume of $16.4 million. Current market capitalization data is temporarily unavailable.

Longguang Group will pay a 0.2% "consent fee" to domestic creditors on July 29, limited to bondholders who vote "consent" in the debt restructuring. The payment will be calculated based on the consent accounts and related bond quantities registered on the creditor registration date, and the corresponding bonds will be simultaneously cancelled.

Golden Finance reports that Bridgewater founder Ray Dalio supports allocating 15% of assets to Bitcoin and gold to cope with the U.S. debt spiral.

Odaily News MARA Holdings, a Nasdaq-listed Bitcoin mining company, announced that the issuance of its 0.00% convertible senior notes maturing in 2032 has been completed, with a total principal amount of $950 million and net proceeds of approximately $940.5 million. MARA expects to use the funds to purchase more Bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding liabilities. (Globenewswire)

Gate News bot news, Gate market shows that since the launch of Alpha, DEBT has risen by 112.10%, current price 0.012755 USDT.

Gate News bot message, Gate market shows that since the launch of Alpha, DEBT has risen by 89.47%, current price 0.012396 USDT.

On July 26, Jin10 reported that Finland has encountered its first credit rating downgrade in nearly a decade due to the government's failure to control the continuously expanding debt levels. Fitch Ratings announced on Friday evening that it has downgraded Finland's long-term sovereign credit rating from AA+ to AA, the lowest among the three major rating agencies. "The level of government debt in Finland remains high and continues to rise. We expect a lack of sufficient fiscal consolidation measures in the medium term to stabilize the debt levels," Fitch pointed out in its statement. Finnish Prime Minister Orpo's government is attempting to repair the long-standing fiscal situation plagued by deficits. Since 2009, Finland's public finances have recorded deficits for several consecutive years. The current government has set a target to stabilize the debt-to-GDP ratio by 2027. The fundamental issue troubling the Finnish economy is that the transformation of its export-oriented industrial structure is still incomplete. Successive governments have failed to effectively cut spending to address the fiscal gap brought about by declining revenues from core industries.

UBS Wealth Management analysts point out that although the Japanese stock market has risen due to the US-Japan trade protocol, this protocol may exacerbate fiscal risks, leading to an increase in Japanese government debt, which could drag down the yen and the economy. Meanwhile, the weakening strength of the ruling coalition may prompt the government to adopt tax reduction measures. Demand for government bond auctions has fallen to its lowest level since 2011, indicating market concerns about fiscal risks.

Gate News Bot消息，July 24, according to CoinMarketCap data, as of the time of writing, PAYN (PayNet Coin) is currently priced at $0.34, having risen 58.79% in the last 24 hours, with a high of $0.50 and a low of $0.08. The 24-hour volume reached $103,900. Current market capitalization data is not available. PAYN is currently ranked 4135 on CoinMarketCap. Important news about PAYN recently: 1️⃣ **Cryptocurrency Industry Executive Changes** The cryptocurrency infrastructure provider Qredo recently underwent significant management changes. The company's CEO has been dismissed, and the company is seeking debt financing. This shift reflects the turmoil within the cryptocurrency industry, which may impact investor confidence and indirectly affect

Gate News bot message, Gate market shows that since the launch of Alpha, DEBT has risen by 700.20%, current price 0.002852 USDT.

Gate News bot message, DEBT has been launched on Alpha

BlockBeats news, on July 23, according to @btcNLNico's monitoring, Planet Ventures Inc plans to raise up to 5 million Canadian dollars through convertible debt financing to increase its holdings of Bitcoin.

Odaily News Aramea Asset Management analyst Felix Herrmann stated in a report that the debate over the sustainability of U.S. debt may dominate the U.S. market in the second half of this year. This chief economist noted that this would lead to upward risks for long-term U.S. Treasury yields. He said that partly due to the so-called "Big and Beautiful Act," U.S. debt will significantly increase in the short term. (Jin10)

Barclays economists pointed out that the ruling coalition in Japan's Senate election loss will shift market attention to the development of fiscal policy and the political situation. The key issue is whether new national debt needs to be issued to support expansion plans, as long-term government bond yields will affect budget preparation and spending plans.

Golden Finance reports that Trump administration AI and Crypto Assets chief Sacks: The GENIUS Act will create demand for US Treasuries.

Jin10 Data reported on July 18 that China Aoyuan Group (01777.HK) announced on the Hong Kong Stock Exchange that the final deadline for the restructuring support agreement established on April 29, 2024, has been further extended to July 25, 2025, based on the terms contained therein. The company and its advisors will continue discussions with all stakeholders of the company. The company will issue further announcements in due course regarding the progress of the proposed restructuring.

Odaily News Yahoo Finance data shows that Nasdaq-listed mining company Bit Origin Ltd (BTOG) rose over 46%, with a market capitalization of 54.5 million USD. According to previous reports, Nasdaq-listed company Bit Origin has launched a DOGE treasury reserve, obtaining $500 million in equity and debt financing.

Golden Finance reports that the Nasdaq-listed mining company Bit Origin has announced that it has reached an agreement with accredited investors to sell up to $400 million in Class A common stock and up to $100 million in Convertible Bonds. The $500 million raised will be used to launch a DOGE treasury reserve, and Bit Origin is expected to become the largest publicly traded company by DOGE holdings to date. The company states that DOGE may be integrated into payment scenarios in the future (such as X Money).

PANews, July 16 news, according to Cointelegraph, the batch of confiscated Bitcoin disposed of by the Bulgarian government in 2018 has surpassed the total public debt of the country at current market prices. This batch of 213,500 Bitcoins was seized during a crackdown on organized crime in 2017 and was sold for approximately $3.5 billion at that time. If held until now, it would be worth $25.2 billion—5% higher than the latest $24 billion national debt scale, which caused Bulgaria to miss an excellent opportunity for debt repayment.

Gate News bot message, Trend Research (@Trend_Research_) has executed a sale of 48,946 ETH, equivalent to $151.26 million, to settle their outstanding loan on Aave. The firm's ETH position originated between February 26 and June 20, during which they accumulated 184,115 ETH (approximately $390 mill

Three domestic debts of CIFI Holdings Group were voted on through a restructuring plan on July 11, with a high participation rate from creditors in the online meeting. The approval rates for the restructuring plan were 69.92%, 65.78%, and 85.73%, involving a debt scale of approximately 3.09 billion yuan.

The well-known financial blog ZeroHedge cites the latest report by Michael Hartnett, Chief Investment Strategist at Bank of America, pointing out that the issuance of debt in the United States (and globally) will experience exponential growth,预计到2032年总额将达到数百万亿美金。Hartnett believes that the U.S. government, under Trump, is preparing to launch an epic deficit financing debt offensive. All of this points to the formation of a "beautiful big bubble," and the role of Bitcoin (BTC) in this is moving from the periphery to the core.

The latest report from 10x Research indicates that Bitcoin's recent all-time high is not due to market speculation, but rather influenced by the increase in the U.S. debt ceiling and deficit spending, making it a macro asset for hedging fiscal expenditures. The July FOMC meeting could potentially redefine Bitcoin's role in the financial system.

CryptoQuant reported on X that as of June 30, 2025, the business intelligence giant Strategy (, formerly MicroStrategy), holds 597,000 Bitcoins(BTC). The purchase cost of these Bitcoins was $42.4 billion, and their current market value has risen to $64.4 billion, resulting in significant unrealized gains. However, the latest SEC filing( dated July 8, 2025, reveals: unrealized gains may trigger massive tax bills)CAMT(, preferred stock dividends)STRK/STRF/STRD( have cost over $350 million this year, coupled with debt interest and insufficient core business cash flow, which could force MSTR to sell BTC to cash out. Custodial security, market fluctuations, and financing capabilities also pose threats, and the high-leverage Bitcoin strategy carries the risk of a collapse.

Bitcoin reached a historic high of $112,040 this week, with an optimistic sentiment engulfing the market, but the unfavourable information regarding the U.S. economic recession cannot be ignored. Just on Monday (July 7), U.S. national debt increased by $367 billion, reaching an astonishing historical high of $36.6 trillion. Previously, U.S. President Donald Trump signed the "Beautiful Bill" last week, raising the debt ceiling by $5 trillion. This series of staggering numbers has not only sparked concerns about the economic outlook of the United States but has also led investors in the crypto assets market to ponder: does this signal that Bitcoin is about to fall to $95,000? Under the shadow of economic recession, what will be the fate of Bitcoin?

PANews, July 9 news, according to Watcher Guru data, U.S. national debt has reached a historic high of $36.58 trillion for the first time since February.

As FTX's bankruptcy liquidation enters a critical stage, a highly controversial motion regarding the claims handling plan for users from "restricted countries" has sparked an uproar among global creditors. According to data shared by FTX creditor representative Sunil, approximately $1.4 billion in FTX's debt distribution remains unresolved. Among these, the claims from restricted regions amount to $470 million, with Chinese creditors holding the largest share at $380 million, accounting for 82% of the restricted claims. This means that Chinese creditors may not receive a single penny, and even their assets could be seized as "confiscated funds" in the liquidation trust account.

With the drastic changes in the global financial landscape, the dominance of the US dollar is facing unprecedented challenges. Senior Russian officials have stated that global confidence in the dollar is collapsing due to increasing debt, sanctions rebound, and a complete breakdown of trust, which is triggering a strong shift in the foundations of the global financial system. At the BRICS summit held in Rio de Janeiro, Russian Foreign Minister Sergey Lavrov explicitly pointed out that Washington must acknowledge the declining global confidence in the dollar and emphasized that former US President Joe Biden and his administration have been "undermining the position of the dollar for years."

Since the beginning of 2025, the liquidity engine supporting risk assets, including Bitcoin, is now turning to a reversal. Macro analyst Thomas stated that the Federal Reserve's six-month liquidity rise trend has ended, and the U.S. Treasury is about to face a wave of debt issuance that could cause instability.

TSL CEO Elon Musk, the tech giant who was once a key aide to former US President Trump, recently announced the establishment of his own political party - the "America Party," while hinting that he still supports Bitcoin. Musk warned last year that the US debt would soar to 37 trillion dollars, which became a crucial reason for his efforts to bring Trump back to the White House. However, Musk had a dispute with Trump due to the increased US debt ceiling in Trump's proposed Great America Act. Now, as Bitcoin's price is about to reach "trillions of dollars," Bitcoin and Crypto Assets analysts predict that due to the US's "massive fiscal expansion," Bitcoin's price will experience a big pump.