Crypto lending company Ledn completes its first asset-backed securities transaction collateralized by Bitcoin, raising $188 million, involving 5,400 personal loans. The transaction introduces an automatic collateral liquidation mechanism, marking Bitcoin-backed loans' first entry into the traditional securities market.

PANews January 20 News, according to ABS-CBN reports, the Philippine police recently successfully rescued a Chinese citizen who was illegally detained by Chinese kidnappers in an apartment in Pasay City. Two people were arrested at the scene, and two suspects are still at large. The victim stated that they were threatened and demanded $1 million, and have transferred over $400,000 in cryptocurrency. The suspects also threatened with organ trafficking. The police confiscated items such as tape, knives, and handcuffs on the scene, and will file charges related to kidnapping and extortion.