Hong Kong Bitcoin and Ether ETFs have tough debut on first-day trading
Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024.
Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024.
Apple has reportedly been luring experts from Google in its efforts to catch up with Big Tech companies in the race to develop and deploy high-level AI models.
The cryptocurrency market is evolving at a fast pace, bringing new opportunities and platforms that challenge traditional financial systems. Among these, Tron (TRX) and Aptos (APT) are two significant altcoins that have made headlines recently for their market movements. Both coins are now catching the eye of investors following the announcement of the DTX Exchange presale, a new deFi platform that promises a 100X rally with its innovative trading features and zero KYC requirements. Aptos (APT) 12.69% Price Drop Unlocks Buying Potential Amidst 24.6% Trading Surge Aptos (APT) aims to redefine transaction speed and reliability in decentralized networks. Founded by ex-Meta engineers, Aptos is built on a novel blockchain architecture designed to enhance throughput and security significantly. This technology foundation aims to support various applications from DeFi to social media platforms, maintaining high levels of user safety. Despite its innovative approach and strong foundation, Aptos has recently experienced a 12.69% drop in its price over the last week, currently standing at $8.88. However, this price adjustment has not affected investor interest, as seen by a 24.60% increase in trading volume in the past 24 hours. This indicates strong trading activity and a possible rebound for APT. Tron (TRX) Enjoys A 7.04% Price Surge with 37.55% Boost in Trading Volume In The First Week of May Tron (TRX) has established itself as a strong altcoin in the crypto market, building a decentralized internet. Founded by Justin Sun, Tron facilitates decentralized applications (dApps) and their accessibility. The platform’s native token, TRX, plays a central role in maintaining and operating the network and is used as the primary medium for transactions. Tron’s performance has recently seen a positive uptick, with its price increasing by 7.04% over the past week to $0.11. This rally was complemented by a decent 37.55% surge in trading volume within the last 24 hours, indicating a growing interest and confidence in the TRX market. Such dynamic market activity suggests a positive outlook from the investors’ community. DTX Presale In The News: Investors Jump In Join The Wave With Over 100X Gains As the crypto market is showing continuous expansion, the DTX Exchange emerges as a groundbreaking development network, especially for communities involved with assets like TRX and APT. DTX’s presale is drawing attention for its high-leverage options and the hybrid model that integrates the liquidity of centralized exchanges with the anonymity of DeFi platforms. The DTX Exchange is set to revolutionize the trading experience by offering 1000X leverage without KYC requirements, thereby attracting a broad spectrum of traders. With over $100K raised in just the first two days of its public presale, the platform is on fire toward reforming market access and trader autonomy. DTX Exchange Leverages Best Trading Features To Attract Crypto Giants: Trade Smarter, Not Harder. DTX Exchange not only supports the trading of cryptocurrencies but also extends its capabilities to forex and equities, all while ensuring trader security through non-custodial wallets. This approach significantly lowers the risk of security breaches, placing power directly in the hands of its users. As the crypto world continues to evolve with platforms like DTX Exchange, the integration of advanced trading features with user-centric policies could indeed kick off a new era of trading, potentially leading to more inclusive and expansive market participation. Learn more: Visit DTX Presale Read Whitepaper Join The DTX Community Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Cointelegraph asked professionals working with zero-knowledge technology to get their insights on the current state of ZK.
The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa. Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? This development marks a significant shift in the stablecoin landscape. While Tether boasts a staggering market capitalization of over $110 billion, USDC, with its $33 billion valuation, has emerged as the more actively traded coin. Visa’s data reveals USDC processed a whopping $456 billion – which is 400% more – in transaction volume last week, compared to Tether’s $89 billion. Stablecoin transactions. Source: Visa USDC: A Slow And Steady Climb This victory wasn’t a sudden overnight success. USDC has been steadily chipping away at Tether’s dominance since late 2023. Visa’s data shows USDC’s monthly transactions surpassed Tether’s for the first time in December 2023, with 145 million transactions compared to Tether’s 127 million. The April figures solidify this trend, with USDC clocking in at over 166 million transactions against Tether’s nearly 164 million. Source: Visa Experts point to several factors behind USDC’s rise. Increased regulatory scrutiny surrounding Tether’s reserves and ongoing concerns about its transparency may be driving users towards USDC, perceived as a more regulated and auditable stablecoin. Additionally, USDC’s partnership with Visa itself could be playing a role. Visa launched a stablecoin analytics dashboard in April, prominently featuring USDC alongside other major stablecoins. This increased visibility might be attracting new users to the platform. As of today, the market cap of cryptocurrencies stood at $2.2 trillion. Chart: TradingView.com Tether Still Holds The Crown (For Now) Despite USDC’s impressive transaction volume surge, Tether remains the undisputed king in terms of market capitalization. Its $110 billion dwarfs USDC’s $33 billion, indicating a much larger total value of outstanding coins. This suggests Tether is still the preferred store of value for many crypto investors, even if they aren’t actively trading it as frequently. Related Reading: Polygon In Peril: Will MATIC Bounce Back Or Stay Stuck In The Sub-$1 Doldrums? Furthermore, Tether boasts a significantly larger user base. While USDC processed more transactions in April, Tether saw activity from over 34 million unique wallets compared to USDC’s 9.57 million. This could imply Tether is used for larger transactions or by a wider range of individuals, while USDC caters to a more active trading community. The Future Of Stablecoins: A Two-Horse Race? The battle between USDC and Tether is far from over. USDC’s recent success in transaction volume demonstrates its growing influence within the crypto ecosystem. However, Tether’s established user base and market cap dominance suggest it won’t be easily dethroned. The evolving regulatory landscape and user preferences for transparency and security will likely be key factors shaping the future of stablecoins. Whether USDC can maintain its momentum and challenge Tether’s market cap advantage, or if Tether can regain its transaction volume lead, remains to be seen. Featured image from Tap Global, chart from TradingView
Ripple has partnered with HashKey DX to introduce XRP Ledger-based blockchain solutions to the Japanese market.
Cobra, the pseudonymous owner of the Bitcoin.org domain, has voiced concerns about future actions from the U.S. government regarding bitcoin ownership. He anticipates a possible ban on the self-custody of bitcoin even when its application and enforcement might be impractical. Bitcoin.org Owner Cobra: Bitcoin’s Self-Custody Might Be in Danger in the U.S. Cobra, the pseudonymous […]
Bitcoin ETFs hitting Hong Kong excite markets overnight, but overall BTC price conditions remain precarious, analysts say.
Learn how to safely purchase Bitcoin in Malaysia, exploring legal regulations, various purchasing methods and essential considerations for security and accessibility.
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