Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

Sushi

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk·2023/11/16 08:00
Flash
13:36
Figure CEO: Blockchain Will Reshape Wall Street's "Financial Plumbing," Traditional Intermediaries May Be Massively Displaced
BlockBeats News, May 3rd, Figure Technology Solutions CEO Mike Cagney stated that the company is attempting to reconstruct the traditional credit market infrastructure using blockchain technology, integrating real-world assets (RWA), securitization, and DeFi. Data shows that Figure's monthly loan origination volume in March this year exceeded $1 billion for the first time, with a total loan origination volume in the first quarter reaching $2.9 billion, approximately $12 billion on an annualized basis. Cagney stated that the company aims to reduce intermediaries in securitization, lending, and stock lending markets through on-chain processes, lowering costs and improving liquidity. Currently, Figure has launched the yield-generating stablecoin YLDS and introduced on-chain lending treasury products on networks such as Solana, allowing users to invest in tokenized credit assets or use them as collateral for borrowing. The company also 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 not in "putting everything on-chain" but in restructuring the financial abstraction layer. "Loans, securities, equities, and other financial assets are naturally suited for blockchain, and the entire financial infrastructure may be rewritten as a result in the future."
13:21
US April nonfarm payrolls and China's import and export data released; Trump announces a 25% tariff on EU cars exported to the US next week
AMD, Arm, and optical module leaders Lumentum and Coherent will release earnings reports; several Federal Reserve officials will also speak...May 4 (Monday):16:00 (UTC+8) Final April Manufacturing PMI for the Eurozone22:00 (UTC+8) Final March Durable Goods Orders Month-on-Month for the United StatesMay 5 (Tuesday):00:50 (UTC+8) After the interest rate meeting, FOMC permanent voting member Williams and several other Federal Reserve officials will speak08:00 (UTC+8) During Golden Week, Japan may intervene in the yen again12:30 (UTC+8) Reserve Bank of Australia announces interest rate decision and monetary policy statement22:00 (UTC+8) April ISM Non-Manufacturing Index for the United StatesPfizer and Palantir will release earnings reports.May 6 (Wednesday):20:15 (UTC+8) Change in US April ADP EmploymentArm, AMD, Apollo Global Management, Super Micro Computer, Lumentum, Disney, and Uber will release earnings reports;Japanese stock market will be closed.May 7 (Thursday):20:30 (UTC+8) US Initial Jobless Claims for the week ending May 207:50 (UTC+8) Bank of Japan releases March monetary policy meeting minutesChina’s April foreign exchange reserves;Applovin, McDonald’s, and Coherent will release earnings reports.May 8 (Friday):20:30 (UTC+8) US April Unemployment Rate and Change in Nonfarm PayrollsDomestic refined oil will usher in a new round of price adjustments;A certain exchange and Coreweave will release earnings reports.May 9 (Saturday):China’s April import and export data;Tencent Cloud will uniformly raise the price of AI computing power, container services, and other products by 5%;Putin will deliver an important speech at the Victory Day military parade.Major events next week:Continue to focus on the Middle East situation. Trump announced an indefinite extension of the ceasefire agreement;Trump: Will impose an additional 25% tariff on EU cars and trucks exported to the United States.
13:13
Summary of important developments on the evening of May 3
12:00 (UTC+8) - 21:00 Keywords: Iran, CLARITY Act, SXT1. Iran states that all traffic in the Strait of Hormuz must obtain permission from Iran;2. Tokens such as ENA and SXT will be unlocked next week, with the SXT unlock valued at approximately $6.1 million;3. Senior Iranian officials reveal the latest details of Iran-US negotiations: No talks may be conducted without the permission of the Supreme Leader;4. Opinion: Even if the CLARITY Act is not passed, the US crypto industry will not be impacted in the long term;5. DCG founder: Bitcoin demonstrates trillion-dollar demand, and privacy coins such as Zcash will benefit from the "first-mover advantage."