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Mysten Labs' Hashi Bitcoin finance network launches in October with over $500 million in capital commitments from partners like BitGo and Anchorage Digital. The system mints hBTC on Sui using deposited Bitcoin for lending and borrowing, burning tokens upon exit to return underlying BTC to the network.
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Summary by ByteBrief

Crypto Liquidations Surge to $547 Million

Bitcoin New Money Inflows Near $5 Billion

Quantum startup Oratomic raised a $475M Series B at a $5.4B valuation, up from $1.5B after raising a $300M Series A in July, taking its total funding to $775M (Isabelle Bousquette/Wall Street Journal)