Gaming
Illuvium says six months of cuts bought it another year as MMO becomes its main remaining bet
Warwick says six months of cost reductions restored runway, but the studio has not published its current burn.
Liam 'Akiba' Wright 2 min read
Debt News
Track debt-related crypto news, leverage risks, credit exposure, and how liabilities affect markets, firms, and on-chain systems.
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Top Debt Stories
Analysis
A $22.9 million capital deficit threatens to derail an energy firm’s pivot to off-grid Bitcoin mining
July output was worth roughly $1.16 million at Aug. 21 spot prices before unsettled hosting costs, as interest begins on $16 million of seller notes.
DeFi
BTCS used Ethereum to repay Aave debt and ended Q2 with just $317,000 in cash
BTCS used Ethereum to cut Aave debt as DeFi borrowings stayed elevated and cash plus stablecoins ended June at $317,000.
Latest Debt News & Analysis
Mining
Bitcoin treasury Hyperscale sells 686 BTC to clear loans but says cash won’t cover next 12 months
The August repayment ended the immediate collateral risk while the company’s going-concern warning and Michigan financing need persisted.
Lending
Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade
Just 9% of Aave positions carry roughly half its debt, with the concentrated cohort running near 90% LTV against Ethereum-linked collateral.
Debt
Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed
The PIPE’s Oct. 10 outside date lands 21 days before the notes mature, with $9.2 million of June liquidity.
Regulation
Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The OCC’s conditional approval would bring World Liberty’s $4 billion USD1 stablecoin under federal supervision.
Digital Asset Treasuries
A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately
A $7.38 million working-capital deficit leaves the treasury holder dependent on new funding despite its 1,145.4 BTC reserve.
ETF
Morgan Stanley’s Bitcoin ETF drew $371 million of share contributions while Bitcoin erased $66.8 million
Nearly all of Morgan Stanley's Bitcoin ETF operating-period decline was unrealized as gross share contributions reached $371.1 million.
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Digital Asset Treasuries
Bit Digital pledged 74% of its staked Ethereum position to a loan that can trigger a 24-hour collateral call
Earnings
Gaming firm GameSquare boasts a $26M Ethereum fortune, but quiet debt fine print leaves just $2.1M in real cash
Digital Asset Treasuries
After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury
Digital Asset Treasuries
