If you build a house on one pillar, the whole thing falls when it cracks.
I used to believe native BTC borrowing had to come from one protocol doing it all. Vaults, lending, repayments. Everything bundled.
Turns out that’s not how it scales.
Used to think native BTC borrowing meant one protocol did everything from vaults to repayments.
After digging into Trustless Bitcoin Vaults, the split actually makes sense. On Babylon’s testnet right now, TBV just handles the BTC side: vault creation, r...
Poolin Files for Bankruptcy: Once the World's #1 Bitcoin Mining Pool
Poolin filed Chapter 11 on July 22, 2026 in New Jersey.
✅ Total debt: $173.1M
✅ $163.7M owed to 11,700 wallet users frozen since 2022
✅ Cash left: just $1.2M
✅ Texas sites (Pyote + Tarbush) auctioning at $52M floor bid
✅ Mining stopped fully on July 10, 2026
That $52M covers only ~30% of debts, before fees. Real recovery will be much lower. This is a liquidation, not a rescue.
Why it died: Poolin paid 2%–8.8% yields using cu...