Hashi Mainnet Launches in October with $500 Million Committed
Sui announced the October 2026 mainnet rollout for Hashi, its native Bitcoin collateral system, with over $500 million in capital commitments from more than 20 partners. Hashi allows Bitcoin holders to use their BTC as collateral in Sui applications while the underlying assets remain on the Bitcoin network.
Hashi, Sui's native Bitcoin collateral system, launches in October 2026.
Over $500 million in capital commitments from more than 20 partners.
Enables native Bitcoin to be used as collateral in Sui applications without leaving the Bitcoin network.
Story
Sui has announced the mainnet rollout for Hashi, its native Bitcoin collateral system, scheduled for October 2026. The project has already secured over $500 million in capital commitments from a coalition of more than 20 partners, including Anchorage Digital as a launch partner. Hashi is designed to enable Bitcoin holders to use their BTC as collateral in Sui applications while the underlying assets remain on the Bitcoin network. This represents a decentralized approach to Bitcoin collateralization, allowing the orchestration of native BTC from smart contracts without relying on a centralized balance sheet. The rollout will proceed in phases, initially covering areas such as lending, borrowing, credit, vaults, and structured products. Named vault providers include Aftermath, Concrete, and Fluid. The initiative aims to expand liquidity and use cases for Bitcoin within the DeFi ecosystem by providing a secure and decentralized method for using BTC as collateral. However, users should carefully review the specific terms of individual vault providers and the risks associated with oracles and liquidation thresholds.
Issue context
The crypto market displays a cautious sentiment on October 8, 2026, with the total market capitalization down 4.7% over the last 24 hours to $2.8 trillion. Bitcoin is trading at $82,516, experiencing a 2.05% decline in 24 hours, while Ethereum is at $2,555.51, down 2.40%. Despite the recent downturn, the Fear & Greed Index remains at 71, indicating persistent greed in the market, potentially signaling overextension. Bitcoin's dominance stands at 58.74%, and Ethereum's at 11.06%. This issue highlights significant liquidation risks for Ethereum, the strategic short positions of a prominent trader, and the growing acceptance of Bitcoin-backed loans for everyday expenses. Additionally, Tether's expansion into Kazakhstan and Ripple's foray into traditional finance are covered.
Given current market movements and impending Ethereum liquidation thresholds, you should remain vigilant regarding volatility. The presence of significant short positions and the broader market correction suggest a period of heightened caution. Simultaneously, developments such as Bitcoin's increasing use as collateral and stablecoin expansion into new markets indicate ongoing long-term crypto asset adoption. Stay informed and assess your risk carefully.
Market pulse
BTC
$82.5K
-2.06% 24h / -1.66% 7d
Fear & Greed
71
Greed
BTC Funding
+0.0019%
20 perp markets · Open Interest $54.4B
BTC Open Interest
$54.4B
24h volume $75.2B · basis +0.062%
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.