The Scale of US Debt 

Official estimates place total debt between $36.99 and $37.21 trillion. This translates into more than $108,000 of debt per citizen. Some analysts, however, calculate a much higher figure. Former Coinbase CTO Balaji Srinivasan claims that including Social Security, healthcare, and pensions brings the true liability to $175.3 trillion. 

Past crises like the Vietnam War, the 2008 financial meltdown, bank bailouts, and COVID-19 stimulus packages triggered sharp debt spikes. Still, debt has also risen steadily outside of crisis periods. This long-term trend raises concerns about future repayment risks. 

Washington occasionally sets a debt ceiling to curb growth, but each time it gets lifted. In May 2025, Congress raised the limit by another $4 trillion. The dollar retains its strength as the world’s reserve currency, but sustainability remains a major debate. 

The US is broke.
The real debt is $175T+.
And @elonmusk is 100% correct on the numbers.
But the difficult step is the logical conclusion.
There is no fix. It's a writeoff. A national bankruptcy.
And the default will be in the form of money printing. pic.twitter.com/dypr59wv60

— Balaji (@balajis) July 1, 2025

Can Crypto Support Debt Management? 

VanEck research suggests that if Senator Cynthia Lummis’s proposed Bitcoin Act passed, the US could acquire one million Bitcoin by 2029. Assuming Bitcoin maintains a 25% annual growth rate, this reserve could reach $21 trillion by 2049. That amount would cover around 18% of total US debt. Still, there is no sign such a plan will be executed. 

Stablecoins offer another possible tool. Wider adoption of dollar-based stablecoins would boost demand for US Treasuries and strengthen global dollar usage. This would lower borrowing costs, though it would also make US exports more expensive, pressuring trade balances. 

In the end, no single solution will resolve the challenge. Crypto assets, tariffs, and currency strategies can only work in combination. Managing the debt at a sustainable level, alongside international cooperation, appears to be the real goal. 

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The post US Debt Hits $37 Trillion: Can Crypto Be the Way Out? appeared first on Coin Engineer.

In response to the incident, Hyperliquid will implement new measures starting March 15, requiring traders to maintain a minimum collateral margin of 20% on certain open positions. This new regulation aims to reduce the systemic risks posed by large positions and their potential market impact during closure events.

Measures to Prevent Systemic Risk

Hyperliquid clarified that the loss was not due to an exploit or security breach but was instead a predictable outcome under extreme market conditions. The platform stated, “Yesterday’s event highlighted the need to strengthen the margining framework to more robustly address extreme conditions.”

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The newly adjusted margin requirements will apply only under specific circumstances, such as when traders withdraw collateral from open positions. Hyperliquid also confirmed that users can still open new positions with up to 40x leverage.

Liquidity Pool and Platform Statistics

According to DeFiLlama, Hyperliquid’s HLP liquidity pool currently holds approximately $340 million in total value locked (TVL). Launched in 2024, Hyperliquid’s flagship perpetual futures (perps) exchange has rapidly captured 70% of the market share, surpassing competitors like GMX and dYdX, as noted in a VanEck report from January.

While Hyperliquid promotes a trading experience similar to centralized exchanges, offering fast settlement times and low transaction fees, it is considered less decentralized compared to other platforms.

As of March 12, Hyperliquid recorded an estimated $180 million in daily transaction volume. The platform’s HLP liquidity pool has surpassed $350 million in total value locked, making it a key player in the leveraged trading space.

Industry analysts suggest that the recent liquidation event highlights the importance of carefully managing systemic risks and maintaining robust margin strategies for traders engaging in highly leveraged positions.

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