Latest news with #Hedera-based
Yahoo
6 days ago
- Business
- Yahoo
HBAR Climbs 2.1% as Traders Digest ETF Review, AI Launch, and Energy Governance Move
Hedera's native token HBAR HBAR extended its rally on Sunday, trading up 2.1% to $0.1519 as of 19:56 UTC on June 30, according to CoinDesk Research's technical analysis model. The move follows a flurry of ecosystem updates that broaden Hedera's enterprise reach and reinforce its growing footprint in AI, gaming, and sustainability. On June 24, Blockchain for Energy (B4E), a nonprofit focused on sustainability data management in the energy sector, officially joined the Hedera Governing Council. B4E already runs its carbon tracking platform on the Hedera network, and its addition brings domain expertise in emissions reporting and digital MRV (measurement, reporting, and verification) standards. As a council member, B4E will run its own node and contribute to governance decisions—particularly those aligned with environmental transparency and enterprise accountability. Just two days later, Hedera unveiled its AI Studio, an open-source software development kit designed to help developers build decentralized applications powered by artificial intelligence. The suite includes an Agent Kit that integrates with LangChain and enables AI agents to interact directly with Hedera's consensus and token services using natural language commands. The goal is to lower the barrier for AI-native apps while maintaining onchain auditability, transparency, and regulatory alignment. On the gaming front, Hedera Foundation announced on June 19 a partnership with The Binary Holdings (TBH), a Web3 infrastructure firm. The collaboration aims to bring Hedera-based gaming apps to mobile users in Southeast Asia via OneWave, TBH's decentralized app store. Integrated into native telecom platforms across Indonesia and the Philippines, OneWave is expected to onboard over 169 million users with built-in Web3 rewards and onchain verification. Meanwhile, in mid-June, the U.S. Securities and Exchange Commission began a formal review of the Canary HBAR ETF, which would offer direct exposure to HBAR via a regulated investment vehicle. A public comment period is now open ahead of the SEC's July 7 deadline. If approved, the ETF could catalyze broader institutional access and further legitimize HBAR's role in capital markets—though regulatory scrutiny remains high, and analysts remain divided on long-term token utility. Technical Analysis Highlights HBAR traded in a 4.1% range from $0.1478 to $0.1538 between June 29 19:00 UTC and June 30 18:59 UTC. A strong breakout occurred during the 22:00 hour on June 29, with price surging to $0.154 on volume of 104.5M units. Major support formed at $0.148 between 14:00–15:00 UTC on June 30, with 80.6M units traded. From 18:00–18:59 UTC on June 30, HBAR showed a V-shaped recovery, dipping to $0.149 before rebounding. During the 18:20–18:21 UTC window on June 30, price stabilized with 1.3M in volume, forming short-term support at $0.149. As of 19:56 UTC on June 30, HBAR traded at $0.1519, up 2.1% for the day with resistance seen at $0.1538. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
21-05-2025
- Business
- Yahoo
Validation Cloud Debuts Mavrik-1 AI Engine on Hedera to Democratize DeFi Data Analysis and Web3
Crypto infrastructure company Validation Cloud announced Tuesday the debut of Hedera-based AI engine Mavrik-1 that lets users and developers get DeFi market insights by asking queries in plain English. Despite DeFi's promise in revolutionizing finance, its complexity has long acted as barrier against widespread adoption. For DeFi users, the learning curve is steep, requiring knowledge of complex terminologies such as liquidity mining, impermanent loss and staking. Many Defi platforms require users to interact with command-line interfaces and complex web applications. With Mavrik-1, users can ask questions like "Which trading pairs have the largest spreads and which stablecoin has the highest on-chaintransaction volume?." Imagine chatting with your personal AI advisor. The ability to seek information via natural language queries represents democratization of data analysis and marks a shift in how investors interact with the blockchain protocols. "This is a pivotal moment for the Hedera ecosystem,' Viv Diwakar, Chief Information Officer at Hedera Foundation, said in a press release shared with CoinDesk. 'Validation Cloud's Data x AI platform brings an entirely new way to engage with blockchain data. It's a novel experience that unlocks usability and insight for builders, enterprises, and users in our ecosystem.' Validation Cloud is the AI platform powering Web3 finance, delivering products across Data x AI, Staking, and Node API. Mavrik-1 is deeply integrated with the Hedera-based DeFi applications, such as hUSDC, Karate Combat, and leading DeFi applications, the press release said. It is specially trained for blockchain environments, ensuring contextually relevant responses to queries. "We built Mavrik because you shouldn't need a PhD in Web3 to access and understand what's happening on-chain," said Andrew McFarlane, CTO of Validation Cloud. "By surfacing real-time intelligence in natural language, we're making Web3 accessible to everyone." The launch on Hedera is the first step, which will be followed by integrations with other blockchains and a full public rollout, dubbed Mavrik 2, later this year. Hedera debuted in 2021 and is a leaderless proof-of-stake network with aBFT hashgraph consensus. Hedera Foundation fuels the development of the Hedera ecosystem through grants and expert support for decentralized applications across DeFi, NFTs, and more.
