This development is seen as the latest strategic step in Canary’s efforts to launch new crypto investment products on Nasdaq.

Fees Set for the ETFs

According to the updated SEC filings, both the Litecoin (LTC) ETF and the Hedera (HBAR) ETF will charge a 0.95% management fee. This rate is in line with other crypto ETFs on the market, aiming to provide investors with competitive cost conditions.

Canary Capital emphasizes transparency and accessibility in its crypto-based ETFs, targeting institutional investor interest. Company representatives stated that this update is a key step toward creating strong, fully compliant products that meet investor expectations.

Litecoin and Hedera: Different Technologies, Shared Goals

Both cryptocurrencies have distinct technological infrastructures and use cases:

• Litecoin (LTC): A Proof-of-Work cryptocurrency based on the Bitcoin protocol, known for fast transaction confirmation times.
• Hedera (HBAR): A network operating on Hashgraph-based distributed ledger technology, offering enterprise-grade scalability.

Canary Capital notes that this diversity provides investors with varied risk profiles and growth potential, facilitating portfolio diversification.

SEC and Regulatory Process: A New Era for Crypto ETFs

Canary’s move also responds to recent changes in SEC listing review standards. The previous 19b-4 filing model for ETF approvals has been replaced with more detailed S-1 form examinations.

This shift gives proactive firms like Canary an advantage, allowing them to receive SEC feedback early, adjust their filings accordingly, and prepare for potential Nasdaq listings in advance.

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The post ETF Update from Canary: These Altcoins Are on the Radar! appeared first on Coin Engineer.

A First for the United States: State-Backed Stablecoin

FRNT was introduced under the Wyoming Stable Token Act of 2023, making it the first stablecoin created and backed directly by a U.S. state. The token is fully collateralized with U.S. dollars and short-term Treasury securities, along with an additional 2% reserve to safeguard stability.

Beyond its technical design, FRNT demonstrates how digital assets can transform public finance. Notably, the interest generated from Treasury investments tied to FRNT is directed to Wyoming’s School Foundation Program, creating a direct benefit for the state’s education system.

Why Hedera Was Selected

In its second-quarter assessment, the commission identified Hedera as the best fit for FRNT due to its performance in speed, security, and regulatory compliance.

The Hedera network offers:

• Finalized transactions within seconds

• Low, fixed transaction fees

• Capacity of 10,000 transactions per second (TPS)

• Carbon-negative infrastructure

These features make Hedera a strong candidate for a wide range of use cases, including retail payments, tax refunds, public payroll systems, and emergency relief disbursements.

Pilot Programs Already Underway

FRNT has already been tested in several real-world scenarios, such as contractor payments, emergency fund distribution, and other public service applications. These pilot programs highlight FRNT’s potential not just as a financial innovation, but as a tool that can deliver tangible benefits directly to citizens.

A Global Message from Hedera

Mance Harmon, Co-Founder and Chair of the Hedera Council, emphasized that Wyoming’s move sets an important precedent:

“Wyoming’s decision to integrate with Hedera demonstrates how responsible innovation can lead to real-world financial solutions. This initiative has the potential to serve as a model not only for other U.S. states but also for governments worldwide.”

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SEC Accepts Canary Capital’s HBAR Spot ETF Application for Review

The U.S. Securities and Exchange Commission (SEC) has officially started reviewing the spot ETF application for Hedera (HBAR) submitted by investment firm Canary Capital. This development could be a significant milestone for the HBAR ecosystem and might increase institutional investor interest. If approved, the HBAR spot ETF would provide investors with a direct way to invest in HBAR, potentially increasing liquidity and reliability in the market.

Nasdaq, on behalf of Canary Capital, had officially applied to the SEC to list a Hedera-based spot ETF on the exchange in recent weeks. The SEC’s decision to review the application indicates that the process has moved to the next stage and that the regulatory body will conduct a detailed examination. The approval of this application is also being closely watched as it reflects the SEC’s regulatory approach to the cryptocurrency market.

A New Era for Institutional Investors if Hedera Spot ETF Gets Approved

In the crypto market, the approval of Bitcoin spot ETFs has raised questions about the future of altcoin-focused ETFs. If the Hedera spot ETF is approved by the SEC, it could offer institutional investors a more secure and regulated pathway to access the Hedera network. Additionally, such a product could bring more stability to HBAR’s price movements and reduce market volatility.

Crypto investors and market analysts are closely monitoring how the SEC will approach this application. The way the SEC handles the evaluation process in the coming months and the potential impact on the market are of great importance. If approval is granted, it could mark the beginning of a new wave of institutional investment in HBAR.

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Such rejections often indicate strong selling pressure at key resistance levels, playing a crucial role in determining the market’s direction. If the price faces significant resistance at this level and starts declining again, the chances of a downward move will increase. However, breaking above this level would be a strong indicator of bullish momentum.

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Key Support and Resistance Levels for HBAR

If the price closes above the order block level, the chances of an upward continuation will strengthen. In this scenario, the next significant resistance level to watch is $0.245. If this level is successfully breached, the next target for HBAR could be the broader order block zone. Traders should closely monitor this area to determine potential take-profit levels in case of a breakout.

However, if the price falls back inside the descending trend and remains there, downside risks could increase. In this case, the first crucial support level stands at $0.20. This level has historically been an area of high buying interest. If this support fails, selling pressure could intensify, potentially pushing the price down to $0.17.

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The post HBAR at a Critical Level! Which Levels Are Key for a Breakout? appeared first on Coin Engineer.

HBAR Foundation Invests in Fidelity International’s Tokenized Fund

HBAR Foundation has announced its investment in Archax tokens representing shares of Fidelity International’s U.S. Dollar (USD) Money Market Fund (MMF). This move follows the tokenization of the fund on the Hedera network, facilitated by Archax—the first FCA-regulated digital asset exchange, broker, and custodian. Archax also serves as the fund’s distributor for Fidelity International.

These tokenized shares, available on the Archax platform, allow investors to gain direct exposure to traditional financial assets through blockchain-based mechanisms. Additionally, their use as a transparent “Proof-of-Reserves” mechanism for stablecoin reserves strengthens trust within the crypto ecosystem.

This investment aligns with HBAR Foundation’s mission to provide scalable solutions for institutional finance while leveraging Hedera’s high transaction capacity and low-cost infrastructure to enhance transparency, efficiency, and security.

HBAR Foundation Senior Vice President Gregg Bell stated:

“As we look ahead to 2025, the tokenization of real-world assets (RWA) will be a key driver of blockchain adoption. Our vision of a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation. Collaborating with asset managers is crucial to accelerating this shift, and this investment underscores our dedication to that goal. We are excited to strengthen our partnership with Archax and Fidelity International and help shape the future of blockchain-based finance.”

Fidelity International and Hedera’s Blockchain-Based Fund Initiative

Archax CEO and Co-Founder Graham Rodford added:

“The tokenization of Fidelity’s USD Money Market Fund on the Hedera network creates new opportunities for institutional investors. This model enables near-instant transfers, reduced counterparty risk, and enhanced cash management solutions. Hedera’s advanced distributed ledger technology (DLT) allows for near real-time settlement and cost savings, aligning perfectly with Archax’s commitment to top-tier infrastructure performance and security.”

Fidelity International continues to support the digital asset ecosystem by enabling crypto-focused investors to access real-world assets. By working with strong partners such as Archax and HBAR Foundation, Fidelity aims to bring innovative financial solutions onto the blockchain.

Emma Pecenicic, Head of Digital Propositions and Partnerships APACxJ at Fidelity International, commented:

“By embracing fund tokenization, Fidelity International is committed to bridging traditional finance with decentralized finance, offering yield and transparency to onchain investors. Through our partnership with Archax and HBAR Foundation, we are excited to expand the distribution channels for blockchain-based investment products.”

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What Can Be Achieved with This New Integration?

The collaboration between ChainGPT and Hedera brings major innovation to NFT creation and smart contract development. Here are some of the benefits provided by this integration:

• Easier NFT Creation: With ChainGPT‘s AI NFT Generator, artists can create NFTs on Hedera much faster and easier.
• Smart Contract Creation and Auditing: ChainGPT‘s Smart Contract Generator and Auditor allows developers to create and audit custom smart contracts.

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Benefits of the Integration

The combination of ChainGPT and Hedera will revolutionize content creation in Web3. Thanks to this integration:

• Easy Blockchain Onboarding: ChainGPT‘s easy-to-use tools make it simple for newcomers to enter the blockchain world, while boosting efficiency for experienced developers.
• Unmatched Performance: Hedera‘s superior scalability and low latency ensure smooth operations for NFT creation and smart contract execution.
• Cost Efficiency: Hedera‘s cost-effective infrastructure and ChainGPT‘s AI tools offer great opportunities without straining your budget.

ChainGPT‘s integration with Hedera marks a significant step in the blockchain and Web3 world. Hedera‘s speed and security, combined with ChainGPT‘s AI tools, make it easier for users to create innovative projects. Visit the Hedera platform for more information and explore the processes of NFT and smart contract creation!

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Felix Hartmann, managing partner at Hartmann Capital, stated, “Altcoin season seems to have peaked for now.” He added that teams and venture capitalists are starting to close positions more aggressively, saying, “When momentum tips, we’ll see major downward spikes (murder wicks) on the charts.”

Overleveraged Altcoins

Hartmann explained that many altcoin funding rates have now surpassed 100% annualized, with recent price moves driven largely by perpetual traders amid declining spot market volumes. He warned, “The leg down will be brutal.”

According to CoinMarketCap data, the top-performing altcoins since November 1 include:

• Hedera (HBAR): up 99.31%,
• IOTA: up 79.61%,
• JasmyCoin (JASMY): up 72.47%.

However, historical data shows that altcoin seasons often lead to sharp corrections after significant gains. For example, in November 2021, Solana (SOL) reached $248.36 but dropped 64% to $89 by January 2022. Similarly, XRP saw a 51% decline in the same period.

Diverging Opinions

Some traders believe that the altcoin season has only just begun. Pseudonymous trader MilkyBull Crypto stated, “This month through March seems logical.” Another trader, Sensei, said, “Altseason has just started.”

For many investors, Bitcoin dominance serves as a key indicator of the start of an altcoin season. Currently, Bitcoin’s market dominance stands at 55.11%, down 7.88% over the past 30 days, according to TradingView data.

On December 4, Cointelegraph reported that the funding rates for perpetual futures have risen significantly, with bulls paying between 4% and 6% monthly to maintain leveraged positions. While these costs may seem manageable during strong uptrends, they can quickly erode traders’ margins if prices stagnate or dip.

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The post Major Warning for Altcoin Season: “The Drop Will Be Brutal” appeared first on Coin Engineer.

Bitcoin’s Key Intraday Levels

The BTC/USDT pair lost 0.57% in the last 24 hours and is currently trading at $95,552. Bitcoin (BTC) reacted from the FVG zone mentioned in the November 29 analysis. If the decline continues, it could bounce back from the next FVG zone’s support level at $94,700. A 4-hour close below this level may push it towards the next support at $93,150. Resistance levels are $97,300 and the all-time high zone.

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Ethereum (ETH): The ETH/USDT pair dropped 0.85% in the last 24 hours and is currently at $3,625. For Ethereum (ETH), the resistance levels are at $3,649 and $3,886, while support levels are found at $3,535 and $3,440.

IOTA (IOTA): The IOTA/USDT pair surged 41.91% in the last 24 hours, trading at $0.49. Resistance levels are $0.52 and $0.56, while support zones are $0.42 and, if the decline deepens, $0.38.

Ondo (ONDO): The ONDO/USDT pair gained 41.59% in the last 24 hours and trades at $1.69. The resistance level is at the all-time high zone, while support is located at $1.60, with deeper support at $1.485.

ChainLink (LINK): The LINK/USDT pair increased 30.62% in the last 24 hours and trades at $25.57. Resistance levels are $27 and $28.5, while support zones are $23.75 and $22.5 if the drop deepens.

Trending Coins

Over the past 24 hours, the most trending coins in the crypto market include XRP (XRP), Ondo (ONDO), and Hedera (HBAR). The top gainers are XYO Network (XYO), Moo Deng (MOODENG), and IOTA (IOTA). The top losers include Gigachad (GIGA), SPX6900 (SPX), and AIOZ Network (AIOZ).

Bitcoin Liquidation Map

On Bitcoin’s 12-hour liquidation map, notable liquidations include $41.5 million at $96,933 on the upside and $41.5 million at $95,010 on the downside.

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Interest in “High-Momentum” Altcoins Spikes

Markus Thielen, the founder of 10x Research, noted that South Korean traders have been heavily engaging with high-momentum tokens such as XRP, DOGE, ENS, and HBAR. According to the report, Ripple’s XRP token led the trading frenzy with a staggering $6.3 billion in volume. It was followed by Dogecoin ($1.6 billion), Stellar ($1.3 billion), Ethereum Name Service ($900 million), and Hedera ($800 million).

Thielen stated:

“These high-momentum cryptocurrencies are being driven predominantly by retail traders, capitalizing on and reinforcing momentum-driven trends.”

XRP, ENS, and HBAR, often referred to as “dino coins” due to their longstanding presence in the crypto market, significantly outperformed other tokens last week. These assets recorded impressive gains of 90%, 73%, and 168%, respectively.

Additionally, the report highlighted that Bitcoin’s funding rates remained “relatively mild,” sitting at 15% annually during this period.

With the noticeable uptick in altcoin trading activity, Thielen suggested that an “altcoin season” is already in motion:

“We are witnessing one of the largest divergences between Bitcoin’s relatively mild 15% annual funding rate and South Korea’s retail trading volumes surging to $18 billion. The action is clearly in the altcoin market, and everyone needs a strategy to catch these waves while remaining disciplined.”

XRP’s Historic Rally Continues

Ripple’s XRP token has been on a historic run, skyrocketing 436% over the past month and hitting a new yearly high of $2.80 on December 2, according to TradingView data. This surge propelled XRP past Solana and Tether in market capitalization, making it the third-largest cryptocurrency at the time of writing.

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Currently, HBAR is showing a strong upward movement and has reached a critical support level. If the price reacts positively from this area, the bullish trend could continue at full speed. However, if this level is broken, a deeper correction may occur.

Technical Levels

1. Support Zones:
   • $0.151: This is a critical support area for HBAR. If it manages to hold above this level, the upward movement could continue.
   • If the $0.151 level is lost, the next important support is at $0.092, where a stronger correction could take place.
2. Resistance and Upside Targets:
   • If the upward movement continues, the first key target will be the $0.20 level. Closing above this level could increase the potential for reaching higher levels.

Overall Outlook:

For HBAR to continue its rise, it needs to maintain the $0.151 support level and see strong buying volume. Additionally, the overall market momentum and Bitcoin’s movements will also play a significant role in HBAR’s price performance.

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