A South Korean bank is lending against Bitcoin. What happens if BTC falls?

cryptonews10-12 16:12

Jeonbuk Bank has begun making won loans to corporate borrowers against Bitcoin held by a specialist custodian. A drop in BTC does not put coins on the bank’s own balance sheet. It does, however, test ...

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{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2674621820?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-12 16:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2674621820","market":"sh","top_or_hot":-1,"title":"A South Korean bank is lending against Bitcoin. What happens if BTC falls?","media":"cryptonews","content":"<div>\n<p>Jeonbuk Bank has begun making won loans to corporate borrowers against Bitcoin held by a specialist custodian. A drop in BTC does not put coins on the bank’s own balance sheet. It does, however, test ...</p>\n\n<a href=\"https://crypto.news/a-south-korean-bank-is-lending-against-bitcoin-what-happens-if-btc-falls/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A South Korean bank is lending against Bitcoin. What happens if BTC falls?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA South Korean bank is lending against Bitcoin. What happens if BTC falls?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-12 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/a-south-korean-bank-is-lending-against-bitcoin-what-happens-if-btc-falls/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jeonbuk Bank has begun making won loans to corporate borrowers against Bitcoin held by a specialist custodian. A drop in BTC does not put coins on the bank’s own balance sheet. It does, however, test ...</p>\n\n<a href=\"https://crypto.news/a-south-korean-bank-is-lending-against-bitcoin-what-happens-if-btc-falls/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAXI","symbol_name":"比特币期货ETF-Simplify","start_time":0,"source_url":"https://crypto.news/a-south-korean-bank-is-lending-against-bitcoin-what-happens-if-btc-falls/","article_id":"2674621820","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/a-south-korean-bank-is-lending-against-bitcoin-what-happens-if-btc-falls/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2674621820","pubTimestamp":1791792743,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Jeonbuk Bank has begun making won loans to corporate borrowers against Bitcoin held by a specialist custodian. A drop in BTC does not put coins on the bank’s own balance sheet. It does, however, test the lender’s valuation, collateral monitoring and ability to recover cash through a court supervised sale.Jeonbuk Bank has started a limited Bitcoin linked won lending service for corporate working capital, according to October 12 reporting and a bank spokesperson.A registered crypto custodian holds the collateral, while the bank neither owns nor directly controls the pledged Bitcoin.South Korea’s revised civil enforcement procedure offers a route to seize and sell a claim to virtual assets if a borrower defaults.Jeonbuk uses an index drawing prices from multiple exchanges and says it stress tested a sharp Bitcoin decline, but it has not disclosed the initial loan to value limit or margin trigger.The pledged coin remains within a specialist custody arrangement. 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A drop in BTC does not put coins on the bank’s own balance sheet. It does, however, test the lender’s valuation, collateral monitoring and ability to recover cash through a court supervised sale.\n\n\nSummary\n\n\n\nJeonbuk Bank has started a limited Bitcoin linked won lending service for corporate working capital, according to October 12 reporting and a bank spokesperson.\nA registered crypto custodian holds the collateral, while the bank neither owns nor directly controls the pledged Bitcoin.\nSouth Korea’s revised civil enforcement procedure offers a route to seize and sell a claim to virtual assets if a borrower defaults.\nJeonbuk uses an index drawing prices from multiple exchanges and says it stress tested a sharp Bitcoin decline, but it has not disclosed the initial loan to value limit or margin trigger.\nThe product may let companies borrow without immediately selling BTC; the public record does not establish the size of the first loan or a material effect on Bitcoin demand.\n\n\n\nThe initial report from Edaily describes the first bank loan of its kind in South Korea, limited to corporate customers seeking operating funds. IT Chosun quoted a bank official confirming that a loan had actually been made while declining to identify the borrower. Bitcoin is the only eligible digital asset. The bank says a specialist holds the coins and that it would recover a defaulted loan from sale proceeds rather than taking Bitcoin into its own wallet.\nBitcoin traded around $83,500 on CoinGecko’s October 12 market page, though the live quote changes continuously. A lender using BTC collateral must decide what happens well before a disorderly market turns a modest haircut into an insufficient recovery. Jeonbuk has described the broad legal and valuation architecture, but not its loan size, collateral ratio, call threshold, grace period, sale timeline or custodian’s identity. Those missing terms determine the downside for the borrower and the bank.\n\nJUST IN: South Korea’s Jeonbuk Bank launches Bitcoin-backed loans for businessesThe bank is starting with a limited corporate lending program that accepts only $BTC as collateral, with broader access dependent on customer demand and regulatory changes. pic.twitter.com/s6HYLWqWU1— crypto.news (@cryptodotnews) October 12, 2026\n\nThe bank lends won while someone else holds BTC\nJeonbuk is a subsidiary of JB Financial Group. It has chosen a narrower pilot than a general retail crypto credit product: companies may use borrowed won for working capital, and only BTC qualifies as collateral. The bank cited Bitcoin’s size, turnover and price discovery in selecting it. There is no published basis to assume another token will be added or that households can apply.\nThe pledged coin remains within a specialist custody arrangement. Jeonbuk does not claim direct ownership or operational control of it, according to Edaily’s account of the product. The bank instead relies on a security interest and legal rights over a claim involving the stored asset. Whether a particular borrower transfers coins into a segregated address or whether the custodian maintains an internal account is not disclosed. Neither a wallet address nor a named service provider has been made public.\nKeeping assets at a custodian reduces one category of risk for the bank: it need not operate Bitcoin keys or execute blockchain transfers from its own systems. It does not remove custody risk for the borrower. The quality of segregation, internal accounting, access controls, insolvency treatment and authority to freeze or transfer pledged BTC still matter. A registered custodian can be subject to rules and audits while experiencing outages, operational mistakes or a dispute over entitlement.\nKorean rules cited in the reporting require registered providers to meet information security and travel rule obligations. The country’s virtual asset user protection framework places requirements on segregation, cold storage and insurance or reserves. The official legal text and the provider’s specific registration would need to be checked against a named custodian before describing exactly how this loan’s assets are held. No provider was identified in the bank’s reported explanation.\nOne practical distinction matters to a borrower. Pledging BTC may stop the company from selling or moving it freely even though the bank does not own it. A borrower should know who can instruct the custodian, what happens to forks or proceeds, whether the BTC can be reused and when the restriction ends. Public reporting has not supplied those contract terms. Avoid filling the gaps with assumptions from a different lender’s product.\nWhat a 30% price drop would do\nLoan to value, or LTV, divides outstanding principal by the current value of pledged collateral. If a hypothetical business borrows 50 million won against BTC worth 100 million won, its initial LTV is 50%. A 30% price decline reduces the marked collateral to 70 million won while principal remains 50 million won, pushing LTV to about 71.4% before interest and fees. At a 50% decline, the same principal would equal the marked collateral value.\nThose are illustrative numbers, not Jeonbuk’s disclosed underwriting limits. The bank has not published its opening LTV, allowable range, call threshold, additional collateral period or mandatory liquidation level. A low starting LTV could create more room for a fall; a high one could force action earlier. Interest accrual increases the amount due even if BTC’s price is unchanged. A company’s ability to add won or BTC after a call matters as much as the opening ratio.\nAn intraday crash is harder than a slow decline. By the time staff identify a breach, notify a borrower, wait for funds and obtain enforceable sale instructions, the BTC price can move further. Weekend trading means Bitcoin collateral does not wait for Korean banking hours. Index construction, operating hours and custody access determine whether the bank’s valuation corresponds to what a legally authorized sale can fetch.\n\nJUST IN: Fidelity’s Jurrien Timmer says Bitcoin has entered a new bull marketTimmer says $BTC successfully held the $60,000 level and his long-term model points to a potential $300,000 target by 2029. pic.twitter.com/WahLSnHCuB— crypto.news (@cryptodotnews) September 26, 2026\n\nJeonbuk says it ran stress tests for sharp declines and judged Bitcoin sufficiently liquid for a recovery. The claim is a description of its internal work, not a public performance record. Stress test assumptions, historical window, liquidity haircut and scenario outcomes have not been published. A customer cannot infer from the word “stress tested” that every crash would leave the lender whole or that a forced seller would receive the index price.\nBitcoin may be globally liquid while the usable execution path is constrained. A court order, the custodian’s procedures, eligible venues, trading hours, exchange compliance checks and a temporary withdrawal halt can delay realization. Slippage rises if an order is large relative to available bids at that moment. The first disclosed loan amount is unavailable, so estimating market impact from a hypothetical liquidation would be false precision.\nA court sale changes the default sequence\nEdaily said revised civil enforcement rules effective October 1 provide a way to seize and realize a right to demand the transfer of virtual assets, including sale orders. Jeonbuk’s design aims to enforce security without taking BTC directly. On default, the bank would seek cash through execution and apply the proceeds to the outstanding loan. Earlier judicial research had examined precisely the case in which a third party holds virtual assets and a debtor has a claim to their transfer.\nCourt process matters because BTC trades continuously while enforcement can take time. The speed of a price fall may outpace a hearing, order, transfer and sale. A prudent lender can hold a buffer or require top ups ahead of formal default, but the reported terms do not specify whether Jeonbuk uses automatic calls, contractual private sales, additional security or an early maturity clause before court enforcement. The institution describes the recovery route; it does not publish a timed liquidation algorithm.\nA bank spokesperson told IT Chosun that monitoring and recovery mechanisms would be refined as the regime develops. The statement gives a reason to treat the arrangement as an early operating model. It is evidence that the first loan was made, not evidence that the bank has already sold collateral successfully after a default. No realized recovery statistics are available.\nThe borrower may face a shortfall if sale proceeds fail to cover principal, interest and costs. Whether the bank can pursue other business assets depends on the loan contract and local law, neither of which was supplied. A surplus after satisfying a claim would likewise be subject to legal rights and costs. Calling the arrangement “nonrecourse” or promising that a borrower can walk away by surrendering BTC would invent a term absent from the public description.\nThe reported October rule change creates a procedure, not a price guarantee. A court can authorize realization of rights while BTC loses value in the meantime. Nor does a legal route eliminate contests over ownership if a custodian records the wrong customer balance or another creditor asserts a prior claim. The bank’s direct ownership is avoided by design, but the bank still depends on a valid, enforceable security interest.\nWhy the reference price needs scrutiny\nJeonbuk says it uses a weighted average from multiple global exchanges and a median of volatility indicators as its reference price. The aim is to avoid reliance on one venue that might display a distorted quote. Edaily says the formula and composition are publicly disclosed, although the story does not provide a direct address for a methodology document. A desk should request the document and record the exact venue list, weights, refresh schedule and outage rules.\nAn exchange weighted average can be robust during ordinary trading and fragile in a global shock. If one venue pauses withdrawals, shows stale trades or loses local banking access, its displayed BTC price may not equal realizable cash. Different currency pairs introduce exchange rate risk. A lender selling through a Korean or global venue may face a separate quote, fee and tax position from the composite mark.\nVolatility is relevant to haircuts. A larger observed swing can imply a lower advance rate or a larger required cushion for the same loan. But a volatility median calculated from past intervals cannot promise to capture a future gap. The last traded price from several venues is not a firm bid for the entire pledged position. A stress case should ask how much can be sold within the period required by the legal and custody process.\nBorrowers need to know when valuation occurs. A rule based on one end of day mark differs from continuous monitoring. A wick below a trigger on a single venue differs from a sustained move across a weighted index. A call communicated during an overnight session may leave less time to add collateral than a business expects. Jeonbuk has not made those operational timings public.\nThe bank’s BTC only decision narrows the asset risk but does not make BTC behave like cash collateral. Bitcoin can fall sharply over hours, particularly during periods when liquidity shifts across venues. The bank’s own stress work may have accommodated a range of declines; the range and margin of safety are undisclosed. Until those figures are available, a responsible account can explain the sensitivity without presenting the bank’s risk as quantified.\nWho might use the loan?\nA company with BTC reserves may need won for salaries, inventory or other operating costs while wishing to retain its BTC exposure. Pledging coins can provide financing without an immediate spot sale. That use case is economically distinct from buying BTC with borrowed money, though a company could use other resources and exposures in ways the bank cannot infer from the headline alone. Jeonbuk says the loan proceeds are limited to business operations.\nThe decision depends on cost. A borrower compares interest, custody expenses, collateral haircuts and possible margin costs with selling some BTC now. Any tax consequences depend on the borrower’s position and Korean law. The announced terms do not disclose an interest rate or fee schedule, so no calculation can establish that borrowing is cheaper than a sale for a particular company.\nA loan against BTC may increase overall market sensitivity. If a business already owns the coin and relies on its marked value to fund operations, a downturn can both erode the collateral and tighten working capital. A forced top up can demand cash precisely when a business has less of it. The arrangement can be useful for a company with a large liquidity cushion, but the cushion, loan maturity and concentration limits have not been released.\nFor the banking system, one confirmed loan is a proof of execution at a small disclosed scope, not evidence of a large new credit channel. Jeonbuk has not published the number of borrowers, total exposure or cap. Further banks would have to set their own custody and legal arrangements. Claims about a nationwide Bitcoin backed lending boom require commitments and lending data that are not yet public.\nOther lenders make different choices about margin calls\nThe phrase Bitcoin backed loan covers contracts with markedly different crash behavior. Strike’s lending product removed ordinary margin calls in exchange for a different interest and risk arrangement. A Ledger wallet lending integration instead connects to decentralized markets where a collateral ratio can lead to liquidation. Neither agreement determines Jeonbuk’s contract, but the contrast shows why a reader cannot infer the margin rule from the mere presence of BTC collateral.\n\nJUST IN: Ledger launches Bitcoin-backed loans through MorphoUsers can now borrow $USDC or $USDT against wrapped $BTC while keeping custody of their Bitcoin through Ledger’s self-custodial setup. pic.twitter.com/0EwQSXtmLt— crypto.news (@cryptodotnews) October 8, 2026\n\nAnother borrower may face a fixed maturity rather than a continuous maintenance ratio. Some loans can require replacement collateral when a price reference crosses a threshold. Others may specify a longer cure period and compensate through a smaller initial advance or a higher rate. Products that advertise no margin calls can still have default terms if interest is missed or the loan is not repaid. Jeonbuk’s public description has not chosen among these mechanisms in enough detail to calculate when a customer would lose pledged coins.\nAn account of qualified custody in Bitcoin lending highlights a separate decision: whether the lender or an independent party can move the BTC. A multilateral approval wallet, an institutional custodian account and a smart contract can each restrict reuse in different ways. Jeonbuk says a specialist holds its collateral and the bank has no direct wallet control. That does not disclose the signatures, contractual instructions or reserve attestations associated with the actual facility.\nBanks may also treat the loan as corporate credit rather than a pure asset backed position. Revenue, cash flow, guarantors and other security could change the amount advanced. The Korean reports emphasize a BTC linked collateral structure, not a complete underwriting file. A profitable borrower with a small BTC pledge and broad recourse creates a different bank risk from a distressed borrower whose only meaningful asset is the coin. The balance sheet and recovery rights of the unnamed borrower cannot be reconstructed from the announcement.\nThe comparisons matter most when prices fall rapidly. A decentralized liquidation bot can sell in seconds but may incur slippage; a bank’s court route may provide judicial process but expose the collateral to further movement before sale. Neither path is universally safer. Contractual cushions, legal priority, operational availability and the collateral’s actual market depth determine the result. Jeonbuk’s first loan provides a new institutional example, while its unpublished terms prevent a product by product risk ranking.\nDoes it change Bitcoin’s price outlook?\nThe bank accepts BTC that a company already holds; the loan itself does not require Jeonbuk to buy BTC in the spot market. A borrower choosing to pledge rather than sell might reduce immediate sell pressure at the margin. A default could have the opposite effect when the collateral is sold. The magnitude in either direction depends on loan volume, initial borrower plans and actual enforcement, none of which has been disclosed.\nCoinGecko’s live October 12 quote around $83,500 is context for the sensitivity of a BTC denominated pledge, not a trigger disclosed by Jeonbuk. In a hypothetical 30% market decline from that quote, one BTC would mark near $58,450 before venue differences and fees. If a borrower had pledged 100 BTC, the mark would move from about $8.35 million to $5.845 million. The example describes collateral value, not a claim about the size of the first Korean loan.\nA bullish market argument would need evidence that the service scales and allows a meaningful number of holders to finance expenses without selling coins. An opposing argument would need evidence of large volumes of leverage and recurring forced sales during drawdowns. Neither can be inferred from the first reported transaction. Broader macro demand, ETF flows and exchange liquidity will likely dominate BTC’s short term price relative to a pilot whose size is unknown.\n\nJUST IN: Nearly 700,000 $BTC has left crypto exchanges over the past yearThe sustained outflow points to a decline in Bitcoin held on trading platforms, potentially reflecting a shift toward long-term holding or self-custody. pic.twitter.com/TzswBB003z— crypto.news (@cryptodotnews) October 11, 2026\n\nThe more immediate result concerns credit infrastructure. A regulated bank has paired conventional lending with a separately held crypto security interest and a route to recover won. Whether the model endures will be judged through published loan terms, borrower demand, custody performance and the first real stress episode, not by Bitcoin’s one day price reaction.\nThe data that would settle the risk question\nThe contract’s starting LTV and maintenance threshold would identify how much price decline a borrower can absorb. A public schedule of interest and custody charges would show the cost of keeping BTC exposure. The identity and registration of the custodian would permit checks on segregation and operational controls. None was disclosed in the initial coverage.\nThe enforcement timetable is equally important. If a borrower misses a call, readers should be able to trace notice, cure, court filing, sale instruction and distribution of proceeds. A method that waits for a court sale could be sensible with a large initial haircut but dangerous with a small one and slow execution. The public description has not quantified the buffer or the elapsed time.\nDisclosure of outstanding balances over time would show whether the first loan becomes a repeatable product. If Jeonbuk publishes the number of corporate borrowers, aggregate won advanced and BTC pledged, analysts could estimate the lending channel’s scale while avoiding disclosure of individual customers. Default and recovery figures would reveal what happened under stress. Those observations are not available from today’s announcement.\nWhat to watch\n\nLoan terms: Obtain Jeonbuk’s starting LTV, maintenance threshold, rate, fees and cure period before estimating borrower liquidation risk.\nCustodian: Identify the registered provider and check the actual segregation and control arrangement for pledged BTC.\nValuation index: Request the venue weights, volatility measure, calculation times and outage policy behind the bank’s reference price.\nCourt process: Track how a security interest would move through notice, enforcement, sale and repayment, especially during a rapid fall.\nScale: Check whether the bank publishes loan count, principal and collateral totals; a first transaction does not establish a market wide price effect.\n\nFAQ\n\n\n\nHas Jeonbuk Bank made a Bitcoin backed loan?\n\nIT Chosun quoted a bank official confirming an actual loan had been made. The bank declined to identify the corporate borrower or disclose the principal.\n\n\n\nCan individuals borrow against their BTC?\n\nThe reported initial service is limited to corporate borrowers using won proceeds for working capital. A retail product has not been announced.\n\n\n\nDoes the bank hold the Bitcoin?\n\nNo. The reported arrangement places pledged BTC with a specialist registered custody provider, while Jeonbuk retains a lending and collateral claim.\n\n\n\nWhat happens if BTC falls below the bank’s threshold?\n\nThe exact maintenance and call terms have not been disclosed. An illustrative LTV rises as the marked BTC collateral falls, but the bank has not published its trigger or grace period.\n\n\n\nWho sells the coins after default?\n\nJeonbuk says it would seek recovery through court supervised realization and collect cash proceeds instead of taking direct ownership of BTC. The operational seller and timetable have not been identified publicly.\n\n\n\nWhat price does the bank use for Bitcoin?\n\nThe bank reportedly uses a weighted price index from several global exchanges together with a median measure of volatility. Exact venues, weights and real time update rules need confirmation.\n\n\n\nWill the loan push BTC’s market price higher?\n\nA loan against existing BTC is not a spot purchase. The market effect depends on whether borrowers avoid sales, the eventual loan volume and any subsequent forced sales.\n\n\n\nWhat remains unverified?\n\nLoan size, borrower identity, custodian name, haircut, rate, collateral call terms and a completed default recovery have not been publicly established.\n\n\n\n\nDisclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 12, 2026.\n\n\n\n\n\n                Read more:\n            \n\n                Polygon burns 100 million POL tokens, but why is its price still struggling?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2674621820","isCrawlerRequest":true}