ChainCatcher news, according to Cointelegraph, at the 2024 North American Blockchain Summit held in Dallas, Texas, the chairman of the nonprofit think tank (Avik Roy) stated on stage: "When Wyoming Senator Cynthia Lummis talks about how a Bitcoin strategic reserve plan could help us eliminate federal debt, it is an overstatement of what Bitcoin can actually do.If the U.S. were to purchase a 'massive' amount of Bitcoin and appreciate its value, it might help, but it does not address the $35.46 trillion debt issue that has been growing almost exponentially since the 1980s."

ChainCatcher News, Bank of America warns that as national debt continues to rise, gold may become the ultimate safe-haven asset in the U.S. market. The bank points out that gold is more attractive than U.S. Treasury bonds, especially in light of potential debt crisis risks.Gold prices in 2024 continue to rise, nearing the historical high of $2,700, with expectations to surpass $3,000 in the future. Meanwhile, the economic plans of U.S. government candidates may further increase debt levels, which also encourages global central banks to increase their gold reserves.

ChainCatcher news, regarding Brazilian star Ronaldinho's statement that "the time for the cryptocurrency industry to become mainstream has come," on-chain detective ZachXBT commented on the X platform, "Is this your translation of going bankrupt again? If you forgot, here is a list of all the crypto projects you have invested in and sold over the years."According to the comment image, Ronaldinho had previously endorsed multiple NFT and DeFi projects and had been deeply in debt.

ChainCatcher news, according to Bitcoin.com, Crescat Capital's macro analyst Otavio Costa stated that the U.S. economy is about to face problems ahead of the presidential election. He called attention to the deterioration of liquidity in the U.S. government securities index, which is at its worst level since the 2011 European debt crisis. More disturbingly, as the liquidity of U.S. Treasuries is being eroded, the U.S. has "one of the largest interest rate differentials in history" compared to other developed countries.He believes that the U.S. economy is about to experience an "England Bank moment."It is reported that what Otavio Costa referred to as the "England Bank" is the announcement by the UK of a £45 billion (over $57 billion) tax cut plan, which led to a sharp rise in government bond yields and raised concerns about the UK's debt sustainability in September 2022.

ChainCatcher news, Huobi Global Advisory Committee member Justin Sun tweeted: "Huobi is deeply concerned about the debt crisis faced by Gemini and Digital Currency Group (DCG)... hoping to have constructive dialogue with the Gemini and DCG teams."Earlier news reported that Gemini co-founder publicly wrote to DCG founder, requesting a solution to repay the over $900 million owed by January 8, and stated that DCG owes Genesis approximately $1.675 billion. Earlier today, DCG's founder denied this, claiming that DCG has never defaulted on interest payments to Genesis. (source link)