10-13
South Korea Sets Rules Allowing Courts to Seize, Sell Bitcoin for Unpaid Debts From Nov. 1
South Korea's Supreme Court has promulgated Rule 3280, establishing standardized procedures for courts to freeze, transfer and liquidate digital assets in order to recover unpaid debts. The rules cover cryptocurrencies held in exchange accounts and in private wallets. They take effect in November and apply to cases already before the courts, with existing attachment and preservation orders remaining valid. It marks South Korea's first clear judicial enforcement process for disposing of digital assets.
BTC
BTC+0.20%
10-13
10-10
Sui's Hashi Launches With $500M to Turn Bitcoin Into Productive DeFi Collateral Markets
Hashi, a cross-chain bridge project in the Sui ecosystem, has gone live. In its first phase, the project is bridging $500 million worth of Bitcoin to the Sui network. The goal is to make Bitcoin a yield-bearing collateral asset within DeFi protocols. The launch is intended to raise Bitcoin's capital efficiency in decentralized finance markets and expand Sui's on-chain locked value, while opening up non-custodial Bitcoin lending and yield use cases.
SUI
SUI+0.83%
10-10
10-9
Ledger adds Crypto Loan feature to borrow USDC or USDT against Bitcoin while keeping self-custody
Ledger said it has launched a new feature that lets users borrow stablecoins using bitcoin as collateral without giving up self-custody. The Crypto Loan feature allows Ledger Wallet users to post wrapped bitcoin and borrow USDC or USDT inside the app, with all loan actions confirmed on a Ledger hardware device. The tool is powered by the on-chain lending network Morpho and is integrated via Yield.xyz, Ledger said. Ledger also added direct access to Morpho’s lending markets and curated vaults across Ethereum and major layer-2 networks for depositing, borrowing and earning.
BTC
BTC+0.20%
10-9