Hong Kong saw the launch of six new spot Bitcoin and Ether exchange-traded funds (ETFs) on Tuesday, in a debut that saw combined trading volumes of around HJ$49.4 million, equivalent to $6.3 million, during the morning session.
Circle's USD Coin (USDC) has surpassed Tether’s USDT, the world's largest stablecoin, in monthly transaction volumes, according to on-chain analytics from Visa, which show USDC reached 166.6 million transactions in April 2024, surpassing Tether's 163.6 million.
Nasdaq-listed business intelligence firm MicroStrategy has reported a net loss of $53 million for the first quarter of 2024 after taking an impairment change against the value of its roughly $13 billion worth of Bitcoin holdings.
Top stories in the Crypto Roundup today:
- Hong Kong’s Spot Bitcoin, Ether ETFs See Modest Volumes
- Circle's USDC Overtakes Tether’s USDT in Monthly Transaction Volumes
- MicroStrategy Records $191.6 Million Impairment Loss on Bitcoin Holdings
- Stablecoins Trading Volume on Centralized Exchanges Reaches All-Time High