PANews reported on November 5th that, according to an official announcement from Silo Labs, the decentralized lending protocol Silo DAO is preparing to take legal action against Stream Finance for failing to repay loans and redeem xUSD and xBTC. This incident has resulted in some borrowers being unable to recover their funds. Silo DAO stated that this action aims not only to recover funds but also to set a precedent for protecting lenders' rights in the DeFi space. The next steps include collecting lender information and balances, coordinating with legal counsel, transparently sharing legal costs, and seeking to maximize repayment and distribute it proportionally. Silo DAO emphasized that smart contracts cannot fully protect lenders' rights, and legal means are a necessary supplement. According to previous reports, analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million .PANews reported on November 5th that, according to an official announcement from Silo Labs, the decentralized lending protocol Silo DAO is preparing to take legal action against Stream Finance for failing to repay loans and redeem xUSD and xBTC. This incident has resulted in some borrowers being unable to recover their funds. Silo DAO stated that this action aims not only to recover funds but also to set a precedent for protecting lenders' rights in the DeFi space. The next steps include collecting lender information and balances, coordinating with legal counsel, transparently sharing legal costs, and seeking to maximize repayment and distribute it proportionally. Silo DAO emphasized that smart contracts cannot fully protect lenders' rights, and legal means are a necessary supplement. According to previous reports, analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million .

                                                                               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