HBAR Surges 7% Amid Launch of Canary HBAR ETF and AI Governance
Despite a brief drop in the crypto market, Hedera's token, HBAR, rose by 7% to $0.2094, reaching a market cap of $8.8 billion with a trading volume spike of 8.59% to nearly $800 million.
- The surge links to the launch of the Canary HBAR ETF, which amassed $2.2 million by its second trading day.
- HBAR is now the third cryptocurrency with a spot ETF, following Bitcoin and Ethereum.
- Hedera Foundation emphasized the institutional-grade network, avoiding regulatory grey zones.
Institutional Focus and Growth
- 12 additional ETFs referencing Hedera are filed by major firms like Grayscale and ProShares.
- Hedera surpasses all Layer-1 blockchains except Ethereum in monthly active developers.
Verifiable Governance for AI Agents
- Collaborative effort with EQTY Lab, Accenture, and NVIDIA introduces Verifiable Governance for AI agents on Hedera's blockchain.
- The system ensures verifiable, compliant operations for AI systems, showcased at NVIDIA’s GTC event.