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Aave Labs Expands DeFi Reach with Strategic Acquisition of Stable Finance

Aave Labs has acquired stablecoin savings platform Stable Finance in a strategic move to expand its DeFi offerings. The acquisition brings Stable’s engineering team and technology to Aave, accelerating development of consumer-focused financial products.

Strategic Acquisition in DeFi Space

Aave Labs, the company behind the prominent decentralized finance protocol, has reportedly acquired Stable Finance according to recent announcements. Sources indicate this strategic move aims to accelerate Aave’s expansion into consumer-facing DeFi products while leveraging Stable Finance’s expertise in stablecoin savings applications.

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Major Internet Disruption Hits Top Streaming Services and Websites

A significant internet outage is impacting major streaming platforms and websites across the United States. Amazon Web Services confirmed issues with its US-EAST-1 Region, causing widespread service disruptions.

Widespread Service Disruptions Reported

A major internet outage is affecting numerous popular websites and streaming services, according to reports from users and service status pages. The disruption appears to be impacting access to platforms including Disney+, Hulu, HBO Max, Roku, and The New York Times, with sources indicating the issues began during early morning hours on the US East Coast.