A notable development in the world of cryptocurrency surfaced as Classy Crypto, a prominent commentator on Hedera and its trading dynamics, emphasized the significance of Hedera’s latest governance strategy. The Hedera Governing Council recently appointed the Global Blockchain Business Council (GBBC) as its inaugural “strategic partner.” This move, introduced on November 13, is designed to broaden participation within the council without increasing the number of formal voting members. The initiative allows for the introduction of up to 45 strategic partners, focusing on entities from sectors such as fintech, enterprises, service providers, and various industry associations. These partners will have access to working groups, workshops, and open council sessions, providing a fresh avenue for collaboration.
The GBBC, recognized as a leading organization dedicated to enterprise distributed ledger technology (DLT), is often regarded as one of the most respected networks in blockchain policy and standards. Classy Crypto points out that its involvement could play a crucial role in positioning Hedera favorably among governments and enterprises globally, especially as regulatory discussions increasingly influence capital movements.
Hedera’s partnership with GBBC formalizes a previously existing collaboration, including a significant event co-hosted at the Smithsonian’s National Portrait Gallery, which focused on standards and interoperability by bringing together key stakeholders from policy, standards, and technology sectors.
Currently, the cryptocurrency market is experiencing a downturn, with many altcoins facing drastic declines in value. Classy comments that leading cryptocurrencies are down approximately 90% from their all-time highs, creating a gloomy outlook for traders. He notes that the prevailing sentiment is “down only” until Bitcoin stabilizes after a significant liquidation event noted on October 10, where around $19 billion in positions were wiped out. He highlights several limit orders for Bitcoin and emphasizes MicroStrategy’s average buy price of around $75,000, suggesting that a drop below this level could pose a substantial risk for institutional sentiment.
In this challenging environment, Classy argues that HBAR, Hedera’s native cryptocurrency, has shown relative resilience compared to its peers. While other cryptocurrencies have dipped significantly, HBAR has only retested its June 2025 lows, diverging from the severe declines observed in other assets like AVAX, which has plunged from approximately $22 in July to around $12.
Classy connects the prospects of HBAR with what he refers to as the “US regulatory narrative.” He believes that cryptocurrencies such as Hedera and Ripple (XRP) are poised to attract institutional interest once the market stabilizes. He posits that Hedera holds an advantage due to its regulatory clarity and enterprise focus, suggesting that investors may prefer established assets over speculative ones.
As of now, HBAR is ranked #23 in terms of market capitalization, valued at about $4.8 billion, a significant improvement from its earlier standings in the 60s. The GBBC partnership is seen as a strategic move that could enhance Hedera’s positioning in the evolving regulatory landscape. For investors, the implications of this partnership may transcend immediate price fluctuations, with an emphasis on long-term positioning as institutions increasingly navigate the cryptocurrency space.
The ongoing risks highlighted include macroeconomic volatility and uncertainty regarding the market’s recovery trajectory. The success of this approach hinges on the return of institutional capital and the stabilization of regulatory frameworks, factors that remain uncertain following a tumultuous period in the cryptocurrency market.
