Crypto news: SUI Foundation and Mysten Labs have launched a Bitcoin-collateralized protocol Hashi testnet, providing collateral support without wrapping or cross-chain for the $1.4 trillion Bitcoin market. Hashi protects deposits through a 2-of-2 multisig mechanism; more than 25 institutions have participated in the testing. Wave Digital Assets plans to advance the tokenization of Bitcoin yield bond after going live on the mainnet.

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