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Hedera

Real estate platform StegX to tokenize $100m of RWA on Hedera
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HBAR price at risk as key Hedera Hashgraph metric crashes 82%

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Hedera Hashgraph token crashed and formed a death cross pattern, signaling more downside in the near term.

Hedera Hashgraph (HBAR) price tumbled to a low of $0.1450, its lowest level since April 9, and 35% below its highest level in May.

The drop came despite a major ecosystem development. In a recent statement, AUDC, an Australian company, announced the launch of AUDD, the first Australian dollar stablecoin on the Hedera network. It also marked the first commercial implementation of Hedera Studio.

AUDD offers instant settlement and ultra-low costs of around $0.001 per transaction. It may also pave the way for additional stablecoin launches on Hedera’s blockchain in the coming months.

We’re excited to announce that AUDD, the Australian Digital Dollar stablecoin, has officially launched on the @Hedera network 🇦🇺

Through this integration, we look forward to driving digital payments throughout APAC and beyond 🧵 pic.twitter.com/zIlziZUUDb

— Hedera Foundation (@HederaFndn) June 18, 2025

The risk, however, lies in the sharp drop in stablecoin supply on Hedera. According to DeFi Llama’s data, Hedera currently holds just $40 million worth of stablecoins, down 82% from last month’s peak of $216 million.

Hedera’s stablecoin footprint now trails that of newer chains. For instance, Sonic, relaunched in January, has over $380 million in stablecoins. Similarly, Unichain holds over $383 million.

Additional data from Coinglass shows that Hedera’s futures open interest has declined to $217 million, down from a year-to-date high of $308 million.

HBAR price technical analysis

Hedera price chart | Source: crypto.news

The daily chart reveals that HBAR has been in a sustained downtrend in recent months. A death cross pattern formed on May 30, as the 50-day and 200-day Exponential Moving Averages crossed.

Hedera token has also plunged below the upper side of the descending channel. Also, the Relative Strength Index and the MACD indicators have continued falling, a sign that the bearish trend is gaining momentum.

As a result, Hedera is likely to continue sliding, with sellers eyeing the lower side of the channel at $0.1200. A move above the resistance level at $0.1855 would invalidate the bearish outlook.





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SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions

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In brief

  • The SEC extended review periods for multiple crypto ETF proposals, including Bitwise’s Dogecoin ETF, Grayscale’s Hedera Trust, and Canary Capital’s HBAR ETF.
  • Four Solana ETF filings and Grayscale’s Cardano ETF also face delayed decisions, with new deadlines set in July.
  • The regulator said it seeks further public comments and has not made any final determinations on the filings.

The U.S. Securities and Exchange Commission has extended the review periods for multiple crypto ETF applications, including those involving Dogecoin and HBAR, on Wednesday and Thursday.

The SEC instituted formal proceedings on June 11 for the Bitwise Dogecoin ETF and on June 12 for the Grayscale Hedera Trust, extending deadlines while requesting additional public comments. A similar document on Canary Capital’s HBAR ETF was published on June 10.

Four separate Solana ETF proposals from Bitwise, 21Shares, VanEck, and Canary Capital have been postponed to early July 2025. The Grayscale Cardano ETF received a July 15 extension, while Bitwise’s Ethereum staking ETF faces a July 6 deadline.

About 72 crypto-related ETFs are “sitting with the SEC awaiting approval to list or list options,” according to Bloomberg senior ETF analyst Eric Balchunas, following a roundup from earlier in April.

Pushing back the dates for the proceedings is “appropriate at this time in view of the legal and policy issues raised” from the proposed changes, the SEC’s latest filing on Grayscale’s proposal reads.

It’s worth noting that the SEC clarified in writing that the delays do not “indicate that the Commission has reached any conclusions with respect to any of the issues involved.” 

Instead, it means that the regulator “seeks and encourages interested persons to provide comments on the proposed rule change.”



When exchanges want to list new ETF products, they must file “proposed rule changes” with the SEC to modify their own listing standards to accommodate the new products.

The “legal and policy issues” the SEC mentions relate to whether these crypto-based ETFs meet the standards to “prevent fraudulent and manipulative acts and practices” and “protect investors and the public interest” as required by Section 6(b)(5) of the Securities Exchange Act.

The SEC then reviews whether these exchange rule modifications comply with federal securities laws.

For the Bitwise Dogecoin ETF, NYSE Arca filed to list and trade the ETF under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), with shares designed to track the performance of a specific commodity or derivative, as the exchange maintains fair and transparent trading.

For Grayscale’s proposed Hedera ETF, Nasdaq filed to list the ETF under Nasdaq Rule 5711(d), which shares similar aspects to the NYSE rules, setting a framework for how these trust shares are structured, traded, and monitored. 

Canary’s HBAR ETF proposal is also being reviewed under this rule.

Edited by Sebastian Sinclair

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Real estate platform StegX to tokenize $100m of RWA on Hedera
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Real estate platform StegX to tokenize $100m of RWA on Hedera

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Hedera’s traction in the real-world assets market is set for a major boost, thanks to $100 million worth of real-world assets coming on-chain via institutional real estate platform StegX.

The Hedera Foundation, which supports the development of the Hedera (HBAR) blockchain network, revealed the huge news on May 29, 2025, noting in a blog post that its partnership with StegX will see the real estate platform deploy more than $100 million in real estate tokens on Hedera.

The partnership also involves Zoniqx, a Silicon Valley-based firm focused on bridging real-world assets to the decentralized finance ecosystem via compliant and interoperable blockchain infrastructure. Zoniqx’s Dynamic Compliant Interoperable Security Token, or DyCIST, is the standard for ERC-7518 aimed at institutional tokenization.

Zoniqx’s standard allows for the embedding of jurisdiction-aware compliance at the token layer, as well as the automation of know-your-customer and anti-money-laundering enforcement. KYC and AML are key compliance requirements that have slowed institutional entry into the tokenized real-world asset market.

StegX’s deployment of the tokens will leverage the security token standard ERC-7518, with this allowing the platform to tokenize regulated assets. Hedera Foundation said the platform’s move is one that “shifts tokenization from theory to execution.”

“By integrating the ERC-7518 token standard on the Hedera network, the StegX marketplace is not only pioneering a new era of asset tokenization but also ensuring that every transaction is executed according to the regulations of the issuers,” said Daniel Radwansky, chief executive officer and co-founder of StegX. “Our partnership with Zoniqx fortifies this vision, providing a fully digital and compliant pathway for institutional investors to access premium tokenized real-world assets,” Radwansky added.

The Hedera Foundation’s collaboration with StegX and Zoniqx comes just a day after Verra, a global carbon standard leader with over 1 billion carbon credits issued, integrated with Hedera. Verra accounts for over 60% of the global carbon credits market.

The HBAR Foundation also recently partnered with asset tokenization platform Tokeny as it looks to bring compliant real-world asset tokenization to the Hedera network. In February, the HBAR Foundation invested in Fidelity International’s money market fund, with the shares tokenized by Archax.



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Hedera Africa Hackathon launches with $1M prize pool and Web3 focus
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Hedera Africa Hackathon launches with $1M prize pool and Web3 focus

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The Hashgraph Association and the Exponential Science Foundation have launched the Hedera Africa Hackathon 2025, a global event designed to accelerate Web3 and artificial intelligence adoption across the African continent.

With a prize pool of $1 million, the hackathon will run from Aug. 1 to Sept. 30 and aims to attract over 10,000 participants across 15 African countries, according to a press release shared with Cointelegraph.

Organized by two nonprofit organizations — the Switzerland-based Hashgraph Association and the tech research-focused Exponential Science Foundation — the event is open to developers, students, and entrepreneurs worldwide.

“We aim to use technologies that converge Web3 with AI to create transparent cognitive solutions that optimize processes and facilitate decision-making and automate the execution,” said Kamal Youssefi, the president of the board of directors at the Hashgraph Association.

All solutions will be built on the Hedera network across four tracks: onchain finance and real-world asset (RWA) tokenisation; ESG sustainability and traceability; self-sovereign identity (SSI) and AI; and gaming, metaverse and non-fungible tokens (NFTs). 

Up to 15 outstanding teams will receive prizes based on innovation, impact and alignment with the hackathon’s goals.

Onsite hackathon map Source: Hedera-hackathon.hashgraph

This Hackathon covers large areas in Africa, with onsite events in over 20 African cities such as Lagos, Cairo, Nairobi, Kinshasa, Cape Town, Casablanca and Tunis.

Interest in Africa’s Web3 potential is growing, with more than 50 partners and 100 universities and tech hubs having already joined the Hedera Africa Hackathon. 

Related: African economies show high potential for digital asset adoption

Africa’s Web3 talents are poised for global impact

Due to high inflation, a weak banking system and widespread corruption, many people in Africa lack access to reliable financial services. This creates opportunities for Web3 projects like Jambo and Yellow Card to offer alternatives for saving and earning.

Related: South African firm chooses Bitcoin reserve strategy as inflation hedge

Kamal highlighted Africa’s strength in its “young population with ambitious tech talents”. He cited Hedera’s partnership with Orange, a telecommunications operator, to launch digital empowerment programs across 16 African countries — initiatives that “include training, certification and the establishment of incubation and accelerator centers”.

“Africa brings a unique advantage to Web3: a demographic edge and a proven capacity for digital adoption,” said Paolo Tasca, executive chairman of the Exponential Science Foundation. “Yet barriers remain, particularly in foundational infrastructure and education.”

Governments are also ramping up talent development. Nigeria, for example, recently launched an annual initiative to train 1,000 citizens in artificial intelligence and blockchain technologies.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight



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