Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled. On Thursday, Figure said net income rose 192% year over year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its net income margin increased 10.5 percentage points to 38.8%. Figure’s marketplace volume includes home equity lines of credit, debt-service coverage ratio loans and personal loans processed through its loan origination system, along with third-party loans traded on Figure Connect, which accounted for $2.8 billion, or 65%, of the quarterly total. Volume on the marketplace, which Figure launched in June 2024, increased 262% from the same period last year. The company also added 102 loan-origination partners during the quarter, bringing its total to 489. CEO Michael Tannenbaum said weekly loan applications surpassed $1 billion in July. Figure expects consumer loan marketplace volume of between $4.8 billion and $5.2 billion in the third quarter. Bernstein analysts predicted in May that Figure would post record second-quarter volume, citing live blockchain data that they said could increasingly allow investors to track the company’s lending activity in real time. Related: Tokenized RWA market grows 420% since 2025 on regulatory clarity, accessCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
XRP closed near $1 on Aug. 13, about 69% below its January 2025 peak. Daily active addresses rose roughly one-third in August, while new-address creation remained virtually unchanged from July. XRP Price Weakness Collides With Higher Ledger Activity XRP traded near $1 on Aug. 13, its lowest level since November 2024 and roughly 69% below […]
The transshipment scam’s exposure could lead to stricter trade enforcement, impacting global supply chains and potentially raising consumer prices. The post White House report reveals transshipment scam costing US $26B in lost tariff revenue appeared first on Crypto Briefing.
The crypto market is abuzz with discussions around tokenized ETFs. Influencer Matthew Sigel recently quoted @scottmelker, raising questions about the future of ETF structures based on tokenized assets. This evolving conversation could signify a pivotal moment for investment strategies within the cryptocurrency sector, potentially impacting how traders approach altcoins moving forward. source The Key Development […]
Nanya’s massive investment in DRAM could reshape the competitive landscape, but cyclical risks and delayed supply response may impact returns. The post Nanya Technology quadruples capital spending to $6.2B as DRAM demand surges appeared first on Crypto Briefing.
KuCoin has launched an engaging giveaway, offering 70,000 ANTFUN tokens to 100 lucky winners. The event, detailed in a tweet from @kucoincom, invites users to engage through social media for a chance to participate. This initiative not only promotes user interaction but also aims to drive trading activity for the ANTFUN token. The Story So […]
The surge in TradFi perps volume on crypto exchanges highlights a shift towards decentralized, 24/7 trading, challenging traditional markets. The post TradFi perps volume surges 117-fold to $387B in 18 months as crypto exchanges eat Wall Street’s lunch appeared first on Crypto Briefing.
Aerodrome has announced its ambition to become the leading venue for tokenized stocks, building on its reputation as a premier platform for Bitcoin onchain trading. This strategic move reflects the growing interest in innovative trading options within the crypto market, potentially reshaping how assets are traded. With this initiative, Aerodrome aims to capture a significant […]
Farage’s win may strengthen Reform UK’s influence, impacting future UK elections and challenging traditional party dynamics. The post Farage secures decisive Clacton by-election win with 46% of vote appeared first on Crypto Briefing.
Morgan Stanley Bitcoin Trust (MSBT) recorded a $66.8 million decrease in net assets from operations during its first 85 days, even as the exchange-traded fund brought in $371.1 million of gross share contributions against $5.26 million of redemption distributions. The trust’s first quarterly filing shows creations dominated redemptions while Bitcoin fell. Redemption distributions equaled 1.42% […]
