Translation here! I have never seen this stylized font before but there's not many kanji so it's not that bad.

For context, here's my translation of the description;

So it seems our wolf friend gave away his ability to say え, which caused him to be unable to say no (or「いいえ」in Japanese), allowing the demon to take the next character「の」with no way of stopping him. Because of this wordplay going on here, a little localization is in order. It's probably easier for the english translation to say that the demon has the english letter "o". That would inhibit "no", but would also inhibit words like "stop, don't" etc...
This later becomes a problem, because in the last bubble, the demon remarks that by taking 「の」, it stops the wolf from using the borrowed「ノー」or as we know it; "no". This logic doesn't really work in English so I have to take another liberty and have the demon take another English letter to stop a different way of declining. After giving it a little thought my conclusion is that taking the most common letter E is probably the best thing to do. There are still ways to say "no" or stopping him from taking more like using "wait" or "nay", but most of them are impossible without "e", like "cease", "I decline", "I refuse", etc... (plus it's the most common letter in the English alphabet). So plot-wise this wolf still has a chance in the English version if he's clever. Dunno about the Japanese version though, that's not what I'm here for. E it is.
Also the idea of a demon asking to "Give E" makes me think of the Markiplier Farquaad meme and cracks me up.

Adjusted the wording in the final to match the number of absorbed letters. ("Can't" became "Can" & "not")
Used strikeout for absorbed letters and tidied up the structure a little bit.

Now that I thought about it a little, using _subscript is possibly slightly better than using strikeout since isolated o's look a bit rubbish. I'm a bit torn so if you have an idea, or a higher ranked user wants to use coloring to achieve the same effect, then feel free to say so here.

mykaterasu said:
Now that I thought about it a little, using _subscript is possibly slightly better than using strikeout since isolated o's look a bit rubbish. I'm a bit torn so if you have an idea, or a higher ranked user wants to use coloring to achieve the same effect, then feel free to say so here.

honestly a pretty good localization given the difficult language differences.