**[DeFi Giant Spark Shelves Crypto Application Plans, Shifts Focus to Institutional Infrastructure]** According to a report by CoinDesk, as cited by Jinse Finance, DeFi giant Spark has temporarily shelved its plans to launch a mobile application. Phoenix Labs CEO Sam MacPherson stated that they will concentrate their efforts on their area of expertise—“liquidity infrastructure and trading in the DeFi space.” This decision follows their $1 billion investment in PayPal’s PYUSD. MacPherson noted that they need to ensure they have a competitive edge when entering the consumer application market, as current market opportunities remain unclear for them. As a result, Spark will shift its focus to institutional use cases rather than developing more retail-oriented solutions. He emphasized that the application plans are “temporarily shelved” and could still change in the future.