The Hedera Global Governing Council — the body overseeing the Hedera network — has approved allocating 4.86 billion Hedera — the network’s native cryptocurrency — worth rogu for further development and advanced decentralized governance. In a blog post, the council said the lion’s share of the funds, 4.248 billion HBAR, will be directed toward existing initiatives, including the…

The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead. Bitcoin surged to $49,000 in the hours following the announcement before sinking to just more than $43,000 as of Jan. 12 — impulsive moves that perhaps few observers found surprising….

Ether price gained 13.5% between Jan. 10 and Jan. 12, breaking above $2,650 for the first time since May 2022. The pivotal factor for the rally has been the spot Bitcoin exchange-traded fund approval, although the leading cryptocurrency traded down 2% in the same period. Investors are now questioning if Ether has what it takes to sustain…