Daily Market Wrap | Oct. 24

2025-10-24 10:44:24

Abstract generation in progress

Hot Topics

Sygnum Bank and Debifi launch MultiSYG, a 2026 Bitcoin-backed loan platform using multi-signature wallets to let borrowers retain partial control, minimizing rehypothecation risks.

Trump pardoned Binance’s CZ, freeing him to resume U.S. operations after a 2024 guilty plea, lifting BNB 3%.

Market Updates

Aave Labs acquires Stable Finance to enhance consumer DeFi products, integrating Stable’s user-friendly stablecoin savings app and team to simplify onchain finance.

Plasma acquired an Italian VASP license, opened an Amsterdam office, and plans MiCA and EMI licenses to expand its stablecoin payment network in the EU.

Spark allocates $100 million in stablecoin reserves to Superstate’s Crypto Carry Fund for diversified yields via crypto basis trades, amid declining U.S. Treasury returns.

OCT5,74%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.