**Crypto & DeFi Make Waves**
Sygnum Bank and Debifi launched a new Bitcoin-backed loan platform, MultiSYG, using multi-signature wallets to give borrowers more control and reduce rehypothecation risk. Meanwhile, Binance founder Changpeng Zhao was pardoned by President Trump, paving the way for his return to U.S. operations and boosting BNB prices by 3%.
**DeFi Innovations Take Center Stage**
Aave Labs acquired Stable Finance to enhance consumer DeFi products by integrating its user-friendly stablecoin savings app into Aave’s ecosystem. This move aims to simplify onchain finance for users.
Plasma secured an Italian VASP license, opened an Amsterdam office, and plans MiCA and EMI licenses in the EU, further solidifying its efforts to expand its stablecoin payment network across Europe.
**Investment Diversification**
Spark allocated $100 million in stablecoin reserves to Superstate’s Crypto Carry Fund, seeking to diversify their portfolio through crypto basis trading while experiencing declining U.S. Treasury yields.