Why is Hedera up today?

Nothing in today's news feed is specific to Hedera. HBAR's 3.3% daily gain — and its 24.5% run over the past week — comes with a broader crypto tape that has lifted Bitcoin 10.3% in seven days, though BTC itself is flat over 24 hours, leaving HBAR as one of the larger-cap names outperforming a stalled leader.

The clearest regulatory catalyst is the Federal Reserve's two proposals under the GENIUS Act, which would require supervised stablecoin issuers to fully back tokens with safe assets and create an application path for banks to issue them. That, plus Cathie Wood's ARK teaming with Securitize to tokenize its venture fund — holding OpenAI and Anthropic stakes — onchain, keeps the enterprise and tokenization narrative that HBAR is typically grouped with in focus.

Offsetting that: roughly $350 million was drained from wallets labeled as Bitget's, New York sued Polymarket over unlicensed gambling, and the 30-year Treasury yield hit 5.44%, its highest since 2004 — a risk-asset headwind that may explain the mild 0.9% hourly fade.