Venus Protocol's $THE market suffered an attack, resulting in approximately $2.15 million in bad debt. The attacker bypassed supply caps by borrowing to purchase $THE, causing exchange rate inflation. Following the incident, Justin Sun and other holders made substantial XVS deposits.

The PBOC has committed to stable financial operations, addressing risks in stocks, bonds, and forex markets. Key priorities include managing debt risks and supporting non-bank institutions while ensuring financial stability through macro-prudential tools.

On March 18, U.S. national debt surpassed $39 trillion, drawing market attention. Rising debt is driven by persistent deficits and increased interest burdens, with investors showing growing interest in decentralized assets such as Bitcoin. Policymakers face trade-offs between debt servicing and funding new initiatives, with rising debt potentially impacting infrastructure investment and long-term economic growth. Markets should monitor how debt developments influence investment strategies.

dTRINITY suffered a first deposit inflation attack by dLEND on March 17, resulting in $257,000 in bad debt. The protocol has been suspended, and the team has committed to fully covering losses with internal funds. Bad debt repayment will begin within 24 hours after the announcement. Other deployments remain unaffected, and user funds are safe.

Gate News reported that on March 16, Nasdaq-listed bitcoin treasury company Empery Digital disclosed that it reduced holdings of 60 bitcoins last week at an average price of $70,534, bringing its total bitcoin holdings down to 3,502 bitcoins. Additionally, the company disclosed that it has spent approximately $127 million to repurchase over 212,900 shares of common stock to date. Empery Digital stated that it will continue to sell bitcoins as needed in the future to fund additional share repurchases and may repay some outstanding debt.

The ratio of U.S. gold reserves to federal debt has fallen to a historic low of just 3%. Despite the U.S. holding 8133.5 metric tons of gold, the world's largest reserve, this represents a significant decline compared to 18% in 1980, requiring a 400% increase in gold prices to reach that level.

New Zealand's financial regulatory authority FMA confirms that the NZDD stablecoin pegged to the New Zealand dollar is not a financial product, marking a gradual clarification in digital asset regulation. The FMA states that NZDD does not generate income and does not meet the definition of debt securities. This decision provides a legal classification for stablecoins and promotes the expansion of fintech sandbox projects, which is expected to foster market development.

Exodus Movement releases FY2025 financial report, with revenue reaching $121.6 million, a new record high. The company holds over 610 Bitcoin and 1,840 Ethereum, and has fully repaid the $60 million debt financing obtained through Galaxy Digital.

Lido responded to the liquidation event on March 10 caused by the CAPO oracle price error, stating that there will be no bad debt and that affected users will be fully compensated. The Lido Earn product was unaffected, and user funds are safe.

Chaos Labs analysis indicates that the recent $27 million liquidation event of Aave was caused by a CAPO risk oracle configuration issue, leading to exchange rate calculation errors. Inconsistent smart contract parameters caused the liquidation to occur, but the protocol did not incur bad debt. The Aave treasury will cover the remaining losses, and it is expected that DAO compensation will not exceed 345 ETH.