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BTC $81,515.77 -0.02%
ETH $2,333.65 -0.82%
BNB $668.53 +1.33%
XRP $1.48 +1.38%
SOL $97.41 +1.48%
TRX $0.3502 +0.19%
DOGE $0.1114 +0.30%
ADA $0.2809 +0.09%
BCH $449.09 -2.79%
LINK $10.56 -1.03%
HYPE $41.72 -2.42%
AAVE $100.84 +0.04%
SUI $1.30 -1.58%
XLM $0.1681 +0.25%
ZEC $560.87 -4.20%

figure

Figure CEO: Blockchain will reconstruct Wall Street's "financial pipeline," and traditional intermediaries may be massively replaced

According to CoinDesk, Figure Technology Solutions CEO Mike Cagney stated that the company is trying to leverage blockchain to reconstruct the traditional credit market infrastructure and deeply integrate real-world assets (RWA), securitization, and DeFi.Data shows that Figure's loan issuance in March this year exceeded $1 billion for the first time in a single month, with a total lending volume of $2.9 billion in the first quarter, which annualizes to about $12 billion. Cagney stated that the company's goal is to reduce intermediaries in the securitization, lending, and stock lending markets through on-chain processes, lowering costs and enhancing liquidity.Currently, Figure has launched the yield-bearing stablecoin YLDS and has launched on-chain credit vault products on networks like Solana, allowing users to invest in tokenized credit assets or use them as collateral for borrowing. The company also plans to expand into the Ethereum ecosystem and explore stock tokenization and on-chain securities lending.Cagney believes that the true value of blockchain lies not in "putting everything on-chain," but in reconstructing the financial abstraction layer. "Financial assets such as loans, securities, and equity are naturally suited for on-chain processes, and the entire financial infrastructure may be rewritten as a result."

Two teenagers in France were arrested for hijacking a cryptocurrency figure with explosives, and the police deployed helicopters for the pursuit

According to DL News, police in the Île-de-France region of France arrested two teenagers (aged 15 and 17) and a 35-year-old man, all suspected of carrying out two armed kidnappings targeting cryptocurrency holders on March 10 in the Île-de-France region.Reports indicate that the first incident occurred in the Essonne department in the southern suburbs of Paris, where the suspects, wearing masks and carrying small explosive devices, attempted to break into the home of a cryptocurrency holder but failed. About 30 minutes later, another incident took place in the Seine-et-Marne department, where the suspects successfully broke into the home of a female cryptocurrency holder, kidnapped her family, and stole jewelry; it has not been disclosed whether cryptocurrency assets were also stolen.The police subsequently tracked the suspects' vehicle, deploying about 100 armed special police officers and two police helicopters to pursue them, intercepting the vehicle after approximately 6 hours and discovering the stolen jewelry inside. Prosecutors have charged the three individuals with extortion, organized crime, armed robbery, property damage, and kidnapping. Currently, the 17-year-old suspect and the 35-year-old man are in custody awaiting trial, while the 15-year-old suspect is under judicial supervision, and prosecutors have appealed this decision.
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