⚠️Hashi Chain Hourly Aggregated News Flash:

Reporting Period: 21:00 - 22:00
🔥 Mike Cagney's Second Venture: Building Blockchain into Wall Street's New Infrastructure
Figure's monthly trading volume surpasses $1 billion, marking a new height in its years of promoting disintermediation in the credit market, and on-chain real assets, loans, and equity efforts.
🔥 Michael Saylor: Strategy Did Not Buy Bitcoin This Week, Will Resume Purchases Next Week
Michael Saylor stated that Strategy did not make any Bitcoin purchases this week, and plans to resume buying next week.
🔥 Poll shows Most Americans Do Not Trust Cryptocurrency and AI, Industry Super PAC Midterm Election Donations Raise Concerns
According to the latest Politico poll, most Americans are distrustful of cryptocurrency and artificial intelligence. This result raises questions: Will candidates funded by industry super PACs face voter backlash in the midterm elections?
🔥 Figure CEO: Blockchain Will Reconstruct Wall Street's "Financial Pipelines," Traditional Intermediaries May Be Massively Replaced
Figure Technology Solutions CEO Mike Cagney said the company is using blockchain to rebuild traditional credit market infrastructure, deeply integrating RWA, securitization, and DeFi. In March, Figure's monthly loan issuance exceeded $1 billion for the first time, with total loans in Q1 reaching $2.9 billion, an annualized rate of about $12 billion. Cagney stated that the goal is to reduce intermediaries in securitization, lending, and securities lending markets through on-chain processes, lowering costs and increasing liquidity. Figure has launched yield-bearing stablecoin YLDS and launched on-chain credit vault products on networks like Solana, allowing users to invest in tokenized credit assets or use them as collateral for loans. The company plans to expand to the Ethereum ecosystem and explore stock tokenization and on-chain securities lending. Cagney believes that the true value of blockchain lies in reconstructing the financial abstraction layer, as loans, securities, and equity are naturally suited for on-chainization, and the entire financial infrastructure may be rewritten in the future.
$btc #sol #eth #ylds