substantial

HBAR faced strong downward pressure in the last 24 hours, slipping 6.68% from $0.26 to $0.24, while trading activity surged past 109 million tokens—nearly double the daily average. The steepest drop occurred during overnight sessions, when sellers accelerated outflows and forced prices down at a pace far sharper than normal. Analysts attribute the volatility to broader market stress triggered by $460 million in liquidations, compounded by U.S. economic data showing the Producer Price Index rising to 3.3%.

Despite near-term weakness, market strategists maintain a bullish long-term outlook for Hedera’s native token. Targets remain set between $0.40 and $0.50, though traders are being warned of potential turbulence in the interim. With sentiment gauges pointing to overheated conditions, technical watchers caution that sharp swings remain likely as the market digests both macroeconomic headwinds and sudden liquidity shocks.

Meanwhile, Binance has moved to integrate HBAR within its BNB Smart Chain infrastructure, a step designed to improve cross-chain interoperability. The development will enable smoother asset transfers and expand access to smart contracts across blockchain ecosystems, bolstering Hedera’s utility. Still, the integration arrives as HBAR consolidates under resistance, underscoring the challenge of balancing long-term adoption narratives with short-term market pressures.

HBAR/USD (TradingView)

Technical Metrics

HBAR registered an aggregate trading range of $0.018, constituting 6.93% of peak valuation during the session.
Robust resistance consolidated proximate the $0.252 threshold with multiple rejection attempts.
Support infrastructure identified near $0.240, furnishing temporary price stabilisation.
Trading volumes exceeded 109 million tokens, markedly surpassing the 24-hour average of 58.5 million.
The terminal 20-minute period exhibited complete market paralysis at $0.243 on negligible volume, suggesting potential technical disruptions or acute illiquidity conditions.
Distinct resistance consolidation emerged around $0.245 during the final trading hour.
Provisional support materialised near the $0.242 level preceding market stagnation.

Disclaimer: 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.

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The Communications Workers of America (CWA) says it has reached a “historic tentative contract agreement” with ZeniMax Media staff at Microsoft.

In a statement, the union calls the deal a “first for the video game industry”, and revealed it had been negotiating for a first contract for “nearly two years”.

“QA workers from across the country continue to lead the charge for industry-wide change,” said Page Branson, Senior II QA Tester and ZeniMax Workers United-CWA bargaining committee member. “Going toe-to-toe with one of the largest corporations in the world isn’t a small feat. This is a monumental victory for all current video game workers and for those that come after.”

Xbox currently has more first-party games coming to PlayStation 5 this year than Sony.Watch on YouTube

The new contract is said to set “new standards for the industry” and includes “substantial across-the-board wage increases as well as new minimum salaries for workers”. It also includes protections against arbitrary dismissal, grievance procedures, and a crediting policy that “clearly acknowledges the QA workers’ contributions to the video games they help create”, as well as a previously announced agreement on how artificial intelligence is introduced and implemented in the workplace.

“Workers in the video game industry are demonstrating once again that collective power works. This agreement shows what’s possible when workers stand together and refuse to accept the status quo,” added CWA President Claude Cummings Jr. “Whether it’s having a say about the use of AI in the workplace, fighting for significant wage increases and fair crediting policies, or protecting workers from retaliation, our members have raised the bar. We’re proud to support them every step of the way.”

BREAKING: We have reached a historic first tentative contract agreement with Microsoft!

cwa-union.org/news/release…

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— CWA (@cwaunion.bsky.social) May 30, 2025 at 5:04 PM

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Members can expect contract explanation meetings over the next few weeks, and a ratification vote is expected by 20th June.

As game development becomes increasingly insecure all over the world, more and more developers and performers are organising collective bargaining. Following news of the SAG-AFTRA strike last year, Equity stated it stood “in solidarity”, but would not be authorising a strike. It did, however, recently call on the games industry to improve conditions for performers, and a protest took place outside BAFTA Games Awards as Equity members held placards reading “Union contracts in gaming now”.

Last month, the US union warned of “alarming loopholes” for “AI abuse” in the latest proposal to end industrial action, while earlier this month, almost 200 Overwatch developers working at Activision Blizzard joined the Communications Workers of America (CWA) union after the “overwhelming majority” of workers signed up.

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HBAR Suffers 7% Decline Amid Substantial Liquidation Cascade

CWA negotiates new contract for ZeniMax including “substantial” wage increases and a credits policy for QA staff