Hedera (HBAR) is witnessing significant interest and developments. Key triggers include Canary Capital filing for an Hedera HBAR spot ETF, driving expectations of a bullish price rebound. This ETF filing makes this a first for Hedera paving a future promising phase in the crypto market. The anticipation of a major upgrade led to a surge of over 13% in Hedera's price.
Hedera also made strides by integrating LayerZero with its Mainnet v0.54 release. Moreover, a music streaming project on Hedera's blockchain, Tune.FM, benefitted from a sizeable $50M capital commitment. Another highlight is Hedera's contribution to the Linux Foundation, marking a significant development.
On the flip side, Hedera's HBAR token experienced volatility with a 32% plunge after a misunderstood announcement regarding collaboration with BlackRock. Yet, Hedera has expanded its institutional reach and introduced a new toolkit, the Asset Tokenization Studio, even though HBAR underperformed initially.
Further, Cardano (ADA) and Hedera formed a new alliance called the DeRec with a purpose of revolutionizing digital asset recovery. Also, Hedera partnered with Copper designed for institutional access to HBAR, which subsequently had a significant boost in the wake of the inaugural HBAR Trust set up by Canary Capital.
Hedera Coin News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Wed, 13 Nov 2024 13:42:31 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 3
