Why Canary HBAR ETF Approval Was Postponed 

SEC extended the review period for Nasdaq’s Canary spot HBAR ETF application. Bloomberg analysts estimate a 90% chance of approval. Nasdaq filed the ETF on February 21, tracking spot HBAR prices, and submitted changes on March 4. The ETF went public on March 13, starting SEC’s 180-day decision period. However, the commission postponed the HBAR ETF twice in April and June. SEC requested further comments regarding Nasdaq’s commodity-trust share rules. The proposed rule change extended the decision period by 60 more days, setting the final date to November 8. 

HBAR price increased 1% in the last 24 hours, trading at $0.2206. The daily low and high were $0.2174 and $0.2222, respectively. Investor interest remains high despite the pending ETF approval. 

Grayscale Polkadot ETF Decision and Market Response 

SEC also extended the Grayscale Polkadot ETF review period until November 8. Like HBAR, the DOT ETF was delayed twice in April and June. The commission requires additional time to approve or reject the ETF under the proposed rule change. Meanwhile, SEC quietly collaborates with exchanges on general listing standards for spot crypto ETFs. Nasdaq, NYSE, and CBOE BZX updated the “commodity” definition in listing rules. 

DOT price rose about 4% to $4.03 at the time of writing. The daily low and high were $3.85 and $4.08. Trading volume surged 225% over the last 24 hours. Investors actively traded while awaiting the ETF decision. 

The SEC’s delay aims to establish a transparent and robust regulatory framework for altcoin ETFs. This ensures spot crypto ETF approvals proceed systematically. 

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Key Intraday Levels for Bitcoin

The BTC/USD pair has gained 1.23% in the last 24 hours and is currently trading at $96,839. Bitcoin (BTC) lost the $98,331 support and continued its decline after a retest. To resume its upward movement, BTC needs to reclaim $98,331 as resistance. The support levels are at $94,886 and $92,053.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has increased by 0.66% in the last 24 hours and is currently trading at $2,726. The resistance levels for ETH are $2,724, followed by $2,877. The support levels are at $2,532 and $2,366.

Sei (SEI): The SEI/USDT pair has gained 8.96% in the last 24 hours and is currently trading at $0.2441. The resistance levels for SEI are $0.2492, followed by $0.2933. Support zones are at $0.2151, with further downside support at $0.1883.

Hedera (HBAR): The HBAR/USDT pair has risen by 6.66% in the last 24 hours and is currently trading at $0.22330. The resistance levels for HBAR are $0.22682, followed by $0.24793. The support zones are $0.21369, with deeper support at $0.19361.

Pyth Network (PYTH): The PYTH/USDT pair has gained 5.44% in the last 24 hours and is currently trading at $0.2160. The resistance levels for PYTH are $0.2192, followed by $0.2549. Support zones are at $0.1995, with deeper support at $0.1784.

Trending Coins

Over the past 24 hours, the most trending coins in the crypto market are MEOW (MEOW), Story (IP), and Berachain (BERA). The top gainers include AI Rig Complex (ARC), Story (IP), and DeepBook (DEEP). The biggest losers are PancakeSwap (CAKE), Dog (Bitcoin) (DOG), and AB (AB).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation level on the upside is $98,186, with $26.12 million in liquidations. On the downside, the key level to watch is $96,278, with $22.61 million in liquidations.

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Hedera offers three basic tools to its developers. These tools are Solidity-based smart contracts, consensus options and token services. Based on Hashgraph consensus software, Hedera shows itself to be fast, energy-efficient (carbon negative) and secure.

Hashgraph applications enable Hedera to function differently from blockchains such as Bitcoin and Ethereum. Hashgraph technology aims to provide an alternative to blockchain technology through an improved and more efficient distribution method. A hashgraph network provides security and decentralization similar to a blockchain network, while offering better performance and lower rates.

Hedera is currently the only hashgrap network outlined, and the HBAR coin used to pay transaction fees on the network is the only hashgrap coin.

Hedera’s founders include US computer scientist and former computer science major Leemon Baird. Baird invented hashgraph distribution consensus implementations and later collaborated with key students to continue the Hedera project. The project was released in 2018, and Hedera’s board of directors consists of a number of companies responsible for disrupting growth and distributing consensus nodes on the network. Today, Hedera’s board of directors includes many large companies.

The total supply of HBAR coin is set at 50,000,000,000 HBAR, with approximately 17.03 billion HBAR coins in circulation by 2025.

The Hedera project is distinguished from other crypto projects by hashgraph and remains in the hands of big people. HBAR coin is the cryptocurrency of the Hedera network and is used to calculate transaction fees and provide consensus on the network. Therefore, Hedera and HBAR coins are seen as having bright potential in the future.

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