The post Hong Kong Q1 2026 Credit Card Receivables Down 3.8%, HKMA Reports appeared on BitcoinEthereumNews.com.
Tony Kim
May 15, 2026 09:19
HKMA Q1 2026 survey shows credit card receivables drop to HK$158B, while delinquency ratio edges higher. Seasonal factors remain key drivers.
The Hong Kong Monetary Authority (HKMA) released its credit card lending survey results for Q1 2026, revealing a 3.8% decline in total card receivables to HK$158.0 billion as of March 31. This marks a reversal from the 8.7% surge recorded in Q4 2025, which was driven by festive spending and salaries tax payments. Delinquency and rescheduling rates ticked up slightly, with the combined ratio rising to 0.45% at the end of March, compared to 0.40% in the prior quarter. However, asset quality showed resilience, as the charge-off ratio improved to 0.56% from 0.62% in Q4 2025, signaling fewer write-offs during the period. Seasonal Volatility in Focus The decline in receivables aligns with historic
The post Consumer Crypto Hits $979B in Q1 2026 Amid Daily Use Surge appeared on BitcoinEthereumNews.com.
Lawrence Jengar
May 15, 2026 07:18
Crypto adoption shifts focus to payments, stablecoins, and identity as Q1 2026 retail activity hits $979B, down 11% YoY but with real-world growth.
As of Q1 2026, global retail cryptocurrency activity reached $979 billion, according to data from blockchain intelligence firm TRM Labs. While this figure marks an 11% year-over-year decline, the headline contraction masks a deeper structural shift: crypto is increasingly moving from speculative trading to real-world use cases like stablecoin payments, decentralized identity, and consumer applications. This trend reflects a significant evolution in how cryptocurrency intersects with daily life. In the U.S., for instance, a May 13 report from the National Cryptocurrency Association revealed that one in four adults now use crypto for activities ranging from transactions to financial mana
The post Gemini Revenue Surges 42% in Q1 2026, Credit Cards Shine appeared on BitcoinEthereumNews.com.
Iris Coleman
May 15, 2026 03:49
Gemini’s Q1 revenue jumped 42% to $50.3M, driven by credit card growth and new regulatory licenses, signaling a shift from trading to services.
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, reported a 42% year-over-year revenue jump in the first quarter of 2026, reaching $50.3 million. This growth was fueled largely by the explosive success of its Gemini Credit Card, which saw revenue soar nearly 300% to $14.7 million, according to the company’s May 14 earnings release. The shift underscores Gemini’s ongoing transformation from a pure-play crypto exchange to a diversified financial services platform. Transaction revenue, historically the company’s bread and butter, remained steady at $24 million for the quarter. However, crypto exchange revenue dropped 27% year-over-year to $17.2 million, reflecting a bro
Russia's economic contraction highlights vulnerabilities like labor shortages and high inflation, potentially influencing global sanctions policy.
The post Russia’s economy contracts for first time in three years in Q1 2026 appeared first on Crypto Briefing.
The post Abu Dhabi’s Mubadala Raises Bitcoin ETF Stake 16% To $566 Million In Q1 2026 appeared on BitcoinEthereumNews.com.
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has raised its position in BlackRock’s iShares Bitcoin Trust (IBIT), reporting ownership of 14,721,917 shares valued at $565,616,051 as of March 31, 2026, according to a 13F filing released today. That marks a 16% increase from the 12,702,323 shares the fund held at the end of Q4 2025. The disclosure extends a now-unbroken accumulation streak that began in Q4 2024, when Mubadala first disclosed bitcoin exposure worth at least $436 million. The fund added shares through a Q1 2025 filing that showed 8,726,972 shares at $408.5 million, then surged to 12.7 million shares worth $630.6 million by December 31, 2025 — a 46% jump in a single quarter. Today’s filing adds another 2 million shares to that ledger, pushing the position past the half-billion dollar mark for the third straight quarter. Mubadala manages
The post Gemini Revenue Jumps 42% With Credit Cards and New Licenses appeared on BitcoinEthereumNews.com.
Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins’ company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025. The biggest increase was in credit card revenue, which surged nearly 300% to $14.7 million, driven by significant growth in the Gemini Credit Card user base, the company said. The expansion from crypto into broader financial services began in early 2021, when the company an
The post JPMorgan Increases Bitcoin ETF Stake by 174% in Q1 2026 appeared on BitcoinEthereumNews.com.
Joerg Hiller
May 14, 2026 11:41
JPMorgan raised its BlackRock IBIT holdings to 8.3M shares in Q1 2026, signaling growing institutional comfort with Bitcoin ETFs despite a 22% BTC price drop.
JPMorgan Chase made a bold move into Bitcoin ETFs during Q1 2026, increasing its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by 174%, according to its latest 13F filing. The bank boosted its holdings from 3 million shares in Q4 2025 to 8.3 million shares, representing an added value of $162 million. This brings JPMorgan’s total IBIT stake to $318.9 million as of March 31, 2026. This aggressive accumulation came during a challenging quarter for Bitcoin. The cryptocurrency dropped by over 22% in Q1, closing the period at $79,318, according to CoinGlass. Spot Bitcoin ETFs also saw net outflows, reflecting broader market caution. However, JPMorgan’s significant increase in holdi
Abu Dhabi’s Mubadala disclosed a 16% increase in its Bitcoin ETF position to $566 million in Q1 2026. The SEC 13F filing shows Mubadala held 14,721,917 shares of BlackRock’s iShares Bitcoin Trust valued at $565,616,051 as of March 31, 2026.…
