PANews reported on December 8th that DeFi protocol Magma Finance announced it has secured $6 million in strategic funding to build an adaptive liquidity engine on the Sui Network. This round of funding was led by HashKey Capital, SNZ, SevenX Ventures, Puzzle Ventures, Topspin Ventures, and received support from the Navi Protocol ecosystem. Magma states that it will address the issues of capital inefficiency and liquidity fragmentation on Sui, providing traders with better execution and generating real returns for LPs. The project has already passed security audits by Zellic and ThreeSigma.PANews reported on December 8th that DeFi protocol Magma Finance announced it has secured $6 million in strategic funding to build an adaptive liquidity engine on the Sui Network. This round of funding was led by HashKey Capital, SNZ, SevenX Ventures, Puzzle Ventures, Topspin Ventures, and received support from the Navi Protocol ecosystem. Magma states that it will address the issues of capital inefficiency and liquidity fragmentation on Sui, providing traders with better execution and generating real returns for LPs. The project has already passed security audits by Zellic and ThreeSigma.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more