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HBAR Drops 0.6% to $0.18 Amid Indecisive Trading Session

HBAR declined 0.6% to $0.1849 during a volatile trading session, moving between $0.1775 and $0.1865. The token breached the crucial support level of $0.1775 due to selling pressure in the final trading hour. Trading activity surged with a volume of 85.9 million tokens, marking a 47% increase over the session average, indicating strong selling interest near the resistance zone at $0.1860. Initially, HBAR found support at $0.1775 but faced renewed selling, pushing it below the support level and creating a short-term bearish outlook. Despite this, Hedera maintains a solid position in the enterprise market, highlighted by partnerships with firms like Google Cloud and IBM. Moving forward, the primary support has shifted to the $0.1840-$0.1845 range, while resistance remains at $0.1860-$0.1865. The immediate downside target is set between $0.1840 and $0.1845, indicating a potential further decline from current levels.

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Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

Dubai’s Digital Economy Court has ordered a worldwide freeze on $456 million linked to a reserve shortfall for TrueUSD stablecoin holders. The court found compelling evidence of a breach of trust, alleging that funds from TrueUSD's reserves were improperly diverted to Aria Commodities DMCC, a Dubai-based firm

Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

Dubai's Digital Economy Court has frozen $456 million tied to Justin Sun's bailout of Techteryx, the issuer of the TrueUSD stablecoin, due to alleged breaches of trust. The case centers on claims that TrueUSD's reserves were improperly diverted into Aria Commodities DMCC, a Dubai-based

Dubai Court Freezes $456M Linked to Justin Sun’s Bailout of TrueUSD Issuer Techteryx

A Dubai court has ordered the freezing of $456 million linked to Justin Sun’s financial support of TrueUSD issuer Techteryx. The court found compelling evidence of a breach of trust concerning the reserves of the TrueUSD stablecoin, which were allegedly misdirected into Aria Commodities DMCC, a Dubai-based trade finance

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