PANews reported on November 14th that Drop Protocol, the liquidity staking protocol within the Cosmo ecosystem, announced that due to the current ecosystem direction and market conditions, its sustainable development path is no longer feasible, and it will be shut down in an orderly manner after evaluation. The shutdown process will be responsible and transparent, taking into account the interests of all parties. Some Drop assets still have active applications in the DeFi field, and efforts will be made to ensure service continuity in high-adoption areas. Meanwhile, Drop will no longer pursue token generation events (TGE) and airdrops related to the Droplets program, and is exploring distributing protocol revenue to participants in these programs as a form of reward; specific distribution methods and application details will be announced separately. Currently, Drop is in a smooth transition phase, including all dAssets. dTIA and deINIT will gradually cease service, withdrawals will be reopened with a timeline announced in advance, and dATOM and dNTRN will continue to be supported. In October of last year, it was reported that the liquidity staking protocol DropProtocol completed a $4 million seed round of financing, led by CoinFund .PANews reported on November 14th that Drop Protocol, the liquidity staking protocol within the Cosmo ecosystem, announced that due to the current ecosystem direction and market conditions, its sustainable development path is no longer feasible, and it will be shut down in an orderly manner after evaluation. The shutdown process will be responsible and transparent, taking into account the interests of all parties. Some Drop assets still have active applications in the DeFi field, and efforts will be made to ensure service continuity in high-adoption areas. Meanwhile, Drop will no longer pursue token generation events (TGE) and airdrops related to the Droplets program, and is exploring distributing protocol revenue to participants in these programs as a form of reward; specific distribution methods and application details will be announced separately. Currently, Drop is in a smooth transition phase, including all dAssets. dTIA and deINIT will gradually cease service, withdrawals will be reopened with a timeline announced in advance, and dATOM and dNTRN will continue to be supported. In October of last year, it was reported that the liquidity staking protocol DropProtocol completed a $4 million seed round of financing, led by CoinFund .

                                                                               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