HBAR (Hedera) increased by 0.28% over the past 24 hours.

Gate News Bot Report: As of November 6, according to CoinMarketCap data, HBAR (Hedera) is trading at $0.17, up 0.28% over the past 24 hours. The price reached a high of $0.20 and a low of $0.16 during this period. The current market capitalization is approximately $7.212 billion, an increase of $20.4 million from yesterday.

Hedera is the only public network managed by known organizations, serving as a trusted platform for building fast, secure, and compliant decentralized applications. Managed by a council of leading global organizations, Hedera aims to promote trust, security, and innovation within its open-source public network. It leverages groundbreaking Hashgraph consensus technology to power decentralized applications without compromising speed, efficiency, or security.

Recent key updates on HBAR:

1️⃣ US SEC to Make Decision on Grayscale HBAR Spot ETF by November 12
The U.S. Securities and Exchange Commission (SEC) is expected to make a final decision on Grayscale’s HBAR spot ETF application by November 12. If approved, this would be the first HBAR spot ETF in the U.S., providing investors with a regulated channel to access Hedera’s native token, HBAR. This move reflects the growing institutional demand for altcoin ETFs amid increasing regulatory scrutiny.

2️⃣ Hedera Plans to Discontinue Alpha State Proof (ASP) Functionality
Hedera has announced plans to gradually phase out the Alpha State Proof (ASP) feature starting December 2, 2025, with full deprecation scheduled for February 10, 2026. Originally introduced as an experimental mechanism, ASP provides cryptographically verifiable proofs for specific transactions on Hedera. This change indicates a technical upgrade that may impact some developers and applications.

3️⃣ First-Day Performance of HBAR Spot ETF Falls Short of Expectations
The Canary HBAR ETF (ticker: HBR) officially listed on Nasdaq on October 28, marking Hedera’s first U.S. spot ETF. On its debut day, it traded $8.63 million, with net assets totaling $1.09 million, and an HBAR net asset ratio (market cap relative to total HBAR market cap) of 0.01%. However, compared to other newly launched spot ETFs, its asset size was relatively small and below market expectations.

Technically, HBAR’s price has been fluctuating between $0.17 and $0.21, showing short-term sideways movement. Investors should closely monitor SEC’s decision regarding the HBAR spot ETF and Hedera’s technological updates, as these factors could significantly influence HBAR’s future price trajectory.

Note: This information is not investment advice. Please be aware of market risks when investing.