Tag: HBAR

  • Bitcoin ETF Inflows, Tether Freeze, and BitMine’s 6M ETH Milestone: Crypto News Roundup

    Bitcoin ETF Inflows, Tether Freeze, and BitMine’s 6M ETH Milestone: Crypto News Roundup

    Bitcoin ETFs See $31 Million in Net Inflows

    Spot Bitcoin exchange-traded funds recorded a net inflow of $31.07 million on the latest trading day, according to SoSoValue. BlackRock’s IBIT led the charge with a daily net inflow of $54.84 million, bringing its historical net inflow to $65.34 billion. Grayscale’s BTC fund followed with $10.32 million in net inflows, while its GBTC product experienced the largest net outflow at $23.19 million. The total net asset value of all Bitcoin spot ETFs now stands at $107.82 billion, with a cumulative historical net inflow of $57.58 billion.

    Tether Freezes $550 Million in Iran-Linked USDT

    Stablecoin issuer Tether announced on September 28 that it had helped freeze approximately $550 million in USDT held in wallets connected to Iran. The company stated that the freeze was part of its ongoing cooperation with U.S. law enforcement, targeting addresses linked by U.S. authorities to the Central Bank of Iran and its sanctions networks. In April, Tether had already frozen more than $344 million in USDT across two addresses at the request of the Treasury Department’s Office of Foreign Assets Control (OFAC).

    Hedera Hits Eight-Month High

    Hedera’s native token HBAR surged roughly 25% in a single day, reaching its highest level since early January at around $0.13 before settling back to $0.12. This represents a 60% increase over the past two weeks. The rally pushed Hedera’s market capitalization above $5 billion, making it the 26th-largest cryptocurrency and surpassing Avalanche (AVAX) and Sui (SUI). A key catalyst for the uptrend was the partnership between IBM and the Hashgraph Group to bring Hedera-based IDTrust to IBM Cloud, enabling verifiable digital identity for AI agents.

    Verona Launches verUSD Stablecoin for AI Agents

    The Verona network (formerly XION) has launched verUSD, a dollar-pegged stablecoin designed for settling transactions and purchasing verified data between artificial intelligence agents. Unveiled at Korea Blockchain Week in Seoul, the stablecoin is backed by over $100 million in institutional commitments, including more than $60 million in contracted revenue volume and capital from firms such as Animoca Ventures, Figment Capital, and Sfermion. Issued through Brale and backed 1:1 by U.S. bank reserves, verUSD is initially available on Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana.

    BitMine Crosses 6 Million ETH

    Ethereum treasury company BitMine Immersion Technologies reported that its ether holdings have surpassed six million tokens, reaching 6,001,302 ETH, or approximately 4.9% of Ethereum’s 122.1 million-token supply. The NYSE-listed firm valued its combined crypto, cash, marketable securities, and equity stakes at $17.2 billion as of September 27. BitMine is now 98% of the way to its ‘Alchemy of 5%’ goal of holding 5% of all ether in circulation. Of its total holdings, 5,067,309 ETH (about 84%) is staked, valued at $2,698 per token based on Coinbase prices.

    FAQs

    How much flowed into Bitcoin spot ETFs yesterday?

    Bitcoin spot ETFs recorded $31.07 million in net inflows, led by BlackRock’s IBIT with $54.84 million, while Grayscale’s GBTC saw $23.19 million in outflows.

    Why did Tether freeze $550 million in USDT?

    Tether stated the freeze resulted from cooperation with U.S. law enforcement, targeting wallets linked by U.S. authorities to Iran’s central bank and sanctions networks. Approximately $344 million was frozen across two addresses in April.

    Why did Hedera’s HBAR price rise?

    HBAR jumped roughly 25% in a day and 60% over two weeks, reaching around $0.13. The rally coincided with an IBM-Hashgraph Group initiative involving Hedera-based digital identity infrastructure for AI agents.

    What is Verona’s verUSD stablecoin?

    verUSD is a dollar-pegged stablecoin designed for transactions and verified-data purchases between AI agents. It launched with over $100 million in institutional commitments and support across several blockchain networks.

    How much Ethereum does BitMine hold?

    BitMine reported holdings of 6,001,302 ETH, equivalent to about 4.9% of Ethereum’s total supply. Approximately 5.07 million ETH (84% of its holdings) is staked.

  • Hedera (HBAR) Price Prediction: Tightening Triangle Meets Enterprise Growth

    Hedera (HBAR) Price Prediction: Tightening Triangle Meets Enterprise Growth

    HBAR, the native token of Hedera, is trading at $0.09153 after a 7.98% drop. The pullback comes as a triangular chart formation reaches a critical point, while the network pushes deeper into enterprise blockchain with new IBM Cloud and Taurus integrations.

    Derivatives activity continues to dominate trading. CoinGlass data from Sept. 24 put HBAR futures volume at $206.56 million, compared with spot volume of $67.92 million — meaning leveraged traders accounted for more than three times the activity of spot buyers.

    HBAR Triangle Puts Price Resolution in Focus

    HBAR’s chart structure has compressed into a triangle, placing traders’ focus on its next directional move. The setup follows a sharp daily decline, with the token trading below recent levels.

    Open interest reached $145.21 million, signaling that substantial futures exposure remains active. As the triangle narrows, changes in leveraged positioning could become important in determining whether HBAR breaks upward or extends its slide.

    The supply picture is clearly defined. Hedera has a fixed maximum supply of 50 billion HBAR, and 43.83 billion tokens are already in circulation. That means most of the network’s maximum token supply is now available, giving traders full visibility into supply dynamics.

    IBM Cloud Listing Expands Hedera’s Enterprise Reach

    On the enterprise side, The Hashgraph Group has become an IBM Silver Partner, according to crypto account ALLINCRYPTO. Its Hedera-powered IDTrust platform is now listed on IBM Cloud, making the technology accessible to IBM’s global customer base.

    This development broadens Hedera’s exposure beyond cryptocurrency trading. IDTrust gives enterprise users another route to interact with technology running on Hedera infrastructure. IBM is already a member of Hedera’s governing council, which also includes Google, Deutsche Telekom, and Standard Bank.

    Hedera says its network has processed more than 70 billion transactions. Lloyds Bank recently used Hedera to post tokenized gilts and fund units as foreign exchange collateral, underscoring the network’s institutional appeal.

    Taurus Completes Full Hedera Stack Integration

    Taurus, a Swiss digital asset infrastructure provider, has completed an 18-month integration of Hedera’s full technology stack. The company serves more than 40 banks and regulated financial institutions, including Deutsche Bank, CACEIS, and State Street.

    The integration allows Taurus clients to custody and stake HBAR, issue tokens, and deploy smart contracts through one platform. It covers Taurus-PROTECT, Taurus-EXPLORER, and Taurus-CAPITAL. The final development added smart contract functionality through Hedera’s EVM-compatible Smart Contract Service, which supports Solidity and other established Ethereum development tools.

    Institutions can also issue assets through the Hedera Token Service. Potential applications include tokenized bonds, funds, stablecoins, and other programmable financial instruments.

    Taurus co-founder Lamine Brahimi said financial institutions want infrastructure that supports more than one digital asset use case. Clients are looking for a single platform that covers their broader digital asset strategies, he added.

    What to Watch Next

    The central question is whether HBAR’s tightening triangle will resolve to the upside alongside stronger enterprise activity, or whether derivatives-led selling will continue to control short-term price action. Traders may want to monitor the triangle, derivatives positioning, and institutional adoption as the next price move develops.