Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction. Descending Channel Reaches Critical Point Crypto analyst Profit Demon noted that HBAR […]Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction. Descending Channel Reaches Critical Point Crypto analyst Profit Demon noted that HBAR […]

Hedera Breakout Alert: New WBTC Integration Fuels HBAR Rally Toward $0.60

2025/11/24 08:30
  • Hedera’s HBAR posts strong intraday gains despite a weekly downturn.
  • Analyst Profit Demon signals a potential major rebound with multiple upside targets.
  • Launch of Wrapped Bitcoin (WBTC) on Hedera marks a major expansion of its DeFi infrastructure.

Hedera (HBAR) is currently trading at $0.1442, an 11.35% increase. The 24-hour trading volume climbed to $276.91 million, reflecting a 19.47% uptick. Despite this strong daily momentum, the token remains 2.13% lower on the weekly timeframe, signaling a market still seeking sustained direction.

Source: CoinMarketCap

Descending Channel Reaches Critical Point

Crypto analyst Profit Demon noted that HBAR is currently testing the lower boundary of a descending channel on the weekly chart. According to the analysis, a technical rebound from this level could trigger a broader bullish trajectory, placing potential upside targets at $0.155, $0.23, $0.30, $0.40, and even $0.60. Market watchers are now observing whether the current surge can evolve into a confirmed reversal.

Source: X

WBTC Launches on Hedera Network

Adding momentum to the market narrative, Hedera confirmed that Wrapped Bitcoin (WBTC), the most widely used tokenized form of Bitcoin, is now officially live on its network. The expansion, follows collaboration with key ecosystem partners including BitGo, BiT Global Trust, and LayerZero Labs.

The integration represents one of Hedera’s most substantial steps toward strengthening its institutional-grade infrastructure. WBTC currently dominates the tokenized Bitcoin segment, holding more than 126,000 BTC in custody and maintaining a market capitalization exceeding $13 billion. With approximately 65% of the tokenized Bitcoin share on Ethereum, WBTC stands as the market standard for Bitcoin representation across DeFi platforms.

Bringing WBTC to Hedera gives the network access to a fully collateralized asset backed 1:1 by Bitcoin held in secure custody. Hedera emphasized that this ensures transparency and preserves the credibility that positioned WBTC as an industry benchmark.

Also Read | Hedera Hashgraph (HBAR) Eyes $0.19 Bounce as Key Support Holds

WBTC Boosts Liquidity Across Hedera DeFi

The arrival of WBTC introduces a new depth of liquidity to Hedera’s evolving DeFi ecosystem. Developers now gain access to a trusted, high-value asset for constructing advanced financial applications, while users can engage in activities such as lending, swapping, and yield optimization with Bitcoin-backed instruments.

Cross-chain connectivity is supported through Stargate Finance, and SaucerSwap Labs has already launched initial trading pools for WBTC. Hedera underscored that its architecture, designed to eliminate MEV and front-running while maintaining predictable low fees, positions the network as a compelling environment for BTC-powered decentralized finance, often referred to as BTCFi.

For Bitcoin holders, the integration marks a step toward enabling BTC to operate more securely and productively within Hedera’s expanding ecosystem, opening pathways to a more efficient digital asset experience.

Also Read | Hedera (HBAR) Rockets 10% in 24H, Could $0.40 Be Next?

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Kalshi debuts ecosystem hub with Solana and Base

Kalshi debuts ecosystem hub with Solana and Base

The post Kalshi debuts ecosystem hub with Solana and Base appeared on BitcoinEthereumNews.com. Kalshi, the US-regulated prediction market exchange, rolled out a new program on Wednesday called KalshiEco Hub. The initiative, developed in partnership with Solana and Coinbase-backed Base, is designed to attract builders, traders, and content creators to a growing ecosystem around prediction markets. By combining its regulatory footing with crypto-native infrastructure, Kalshi said it is aiming to become a bridge between traditional finance and onchain innovation. The hub offers grants, technical assistance, and marketing support to selected projects. Kalshi also announced that it will support native deposits of Solana’s SOL token and USDC stablecoin, making it easier for users already active in crypto to participate directly. Early collaborators include Kalshinomics, a dashboard for market analytics, and Verso, which is building professional-grade tools for market discovery and execution. Other partners, such as Caddy, are exploring ways to expand retail-facing trading experiences. Kalshi’s move to embrace blockchain partnerships comes at a time when prediction markets are drawing fresh attention for their ability to capture sentiment around elections, economic policy, and cultural events. Competitor Polymarket recently acquired QCEX — a derivatives exchange with a CFTC license — to pave its way back into US operations under regulatory compliance. At the same time, platforms like PredictIt continue to push for a clearer regulatory footing. The legal terrain remains complex, with some states issuing cease-and-desist orders over whether these event contracts count as gambling, not finance. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/kalshi-ecosystem-hub-solana-base
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BitcoinEthereumNews2025/09/18 04:40