Gmm Fellow Square Members!
Presenting the 54th Episode of the #ICP Pulse, your daily dose of all things on $ICP 😎
Without further ado, LFG🚀
1️⃣ $ICP Price action

So, In terms of price, there's nothing newish here, where we are stuck in this tight consolidation for a couple of days now [Which is obviously great atm]
Currently, testing the 50EMA as we speak.
Just #BTFD , But make sure you always DYOR before aping.

Now we head towards,
2️⃣On-chain analysis
🟪#ckBTC Stats

So ckBTC supply tends to hold still, amidst low activity.
Nothing new here should be monitoring this space actively👀
🟪Burned ICP Stats

After yesterday's sudden spike in Burns of ICP, today looks calm.
But about 54 ICP were still burned today as well.
In contrast to #Ethereum , Thanks to ICP's infinite scalability even burning a mere 54 ICP is still a big number🤯[Imajin what happened yesterday burning more than 5K ICP😵]
🟪Neurons Stats

Neurons tend to grow as usual, which resulted in about 245 New Neurons joining to secure the Consensus of the IC.

Now, we head towards the NFTs😎
Hold on tight, Sire🫡
3️⃣NFT Stats
1️⃣BTC Flower --> 🔺145 ICP
2️⃣Poked Bots --> 🔻23.3 ICP
3️⃣Motoko Ghosts --> 🔻37.9 ICP
4️⃣ETH Flower --> 🔺48 ICP
5️⃣Cronic Critters --> 4.5 ICP
6️⃣Moonwalkers --> 🔺11.9 ICP
7️⃣Cubetopia Founders Pass --> 🔻146.91 ICP
8️⃣Cubetopia Islands --> 43.8 ICP
9️⃣Motoko Mechs --> 🔺28 ICP
🔟ICP flower --> 🔺44 ICP
1️⃣1️⃣D-City --> 25 ICP
1️⃣2️⃣ Poked Bots Mutant Army --> 🔺170 ICP
Just a mixed market condition, where most collections were Up✌️

4️⃣Gainers and Losers
Source: ICPcoins
🟣Gainers
➡️HotorNot --> 0.0212 USD (🔺23.93%) @ 12.4M USD MarketCap
➡️BoomDAO --> 0.013 USD (🔺4.5%) @ 9.6M USD MarketCap
➡️Dragginz --> 2742 USD (🔺3.35%) @ 13M USD MarketCap
🟣Losers
➡️Sonic --> 0.1313 USD (🔻22.48%) @ 6.8M USD MarketCap
➡️ICX --> 0.0158 USD (🔻16.92%) @ 0.4M USD MarketCap
➡️Origyn Foundation--> 0.0128 USD (🔻10.3%) @ 94.9M USD MarketCap

5️⃣ Other Info
🟪 0 Voting Proposals in the NNS.
🟪2 Voting Proposals from OpenChat SNS.
🟪TVL on NNS: 771 Million USD(🔻2.34%)

🟪DFINITY announced,
➡️Dom Will be speaking at CoinAgenda and RAKDAO on Crypto Trends and Developments + Blockchain's Impact on Traditional Businesses.
➡️herbertyang will join OurTinTinLand's X Space tomorrow to discuss Web3 community governance.
➡️Some inspiration from CryptoOasisUAE in Dubai, where Dom Explains the IC.
➡️The Winners of Fully On-chain with ICP hackathon are out,
🥇ICRouter --> a cross-chain network of assets backed by threshold signatures.
🥈SynthiFly --> allows users to mint stablecoins backed by their ckBTC holdings.
🥉ICSoccerWorld --> A truly decentralized and entertaining soccer management game, leveraging AI.
🎇The Prize for using 100% on-hain PoC via boomDAO goes to Toyoworld.

So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, share this with your #crypto2023 Fam and everyone else who might need some ICP alpha😉
I'll see ya tomorrow🫡

Gmm Fellow Square Members!
Presenting the 52nd Episode of the #ICP Pulse, your daily dose of all things on $ICP 😎
Without further ado, LFG🚀
1️⃣ $ICP Price action

So, Thanks to @cointelegraph's fake pump, we did see a big pump of #BTC , but really not on IC [Probably because it takes some time for alts to pump]
In terms of Price, we are still in the tight range, which we've been discussing for the past couple of days.
As always, Feel free to #BTFD , but DYOR before aping in.

Now we head towards,
2️⃣On-chain analysis
🟪#ckBTC Stats

ckBTC supply tends to grow, as practical use cases tend to grow rapidly.
i.e. MyLugano App has integrated ckBTC for users to seamlessly interact with payments and other related stuff😉
🟪Burned ICP Stats

This seems interesting😲
about 4.6K ICP were burned in a single day🤯
This is crazy af, probably devs are cooking hard😎
🟪Neurons Stats

Neurons also spotted a huge spike, all of a sudden🤔
about 230 Neurons were born to secure the IC's consensus mechanism.

Now, we head towards the NFTs😎
Hold on tight, Sire🫡
3️⃣NFT Stats
1️⃣BTC Flower --> 100 ICP
2️⃣Poked Bots --> 24 ICP
3️⃣Motoko Ghosts --> 38 ICP
4️⃣ETH Flower --> 34 ICP
5️⃣Cronic Critters --> 4.5 ICP
6️⃣Moonwalkers --> 9 ICP
7️⃣Cubetopia Founders Pass --> 147 ICP
8️⃣Cubetopia Islands --> 43.8 ICP
9️⃣Motoko Mechs --> 27.8 ICP
🔟ICP flower --> 35 ICP
1️⃣1️⃣D-City --> 25 ICP
1️⃣2️⃣ Poked Bots Mutant Army --> 129 ICP
Hmm, nothing new here.
I wonder where the jeets went🤨

4️⃣Gainers and Losers
Source: ICPcoins
🟣Gainers
➡️HotorNot --> 0.0155 USD (🔺31.33%) @ 9.5M USD MarketCap
➡️Origyn Foundation--> 0.0143 USD (🔺9.2%) @ 111M USD MarketCap
🟣Losers
➡️Nuance --> 0.0494 USD (🔻10.88%) @ 2.9M USD Marketcap
➡️Sonic --> 0.1676 USD (🔻8.74%) @ 8.6M USD MarketCap
➡️Dragginz --> 2663USD (🔻2.46%) @12.6M USD MarketCap

5️⃣ Other Info
🟪 3 Voting Proposals in the NNS.
🟪0 Voting Proposals from Other SNSs.
🟪TVL on NNS: 790 Million USD(🔺6.41%)

🟪DFINITY announced,
➡️Dom will join PierreSamaties for a fireside chat on the IC, this Friday.
➡️Some Inspiration from NewTribeCap at Dubai, with Dom
➡️DisruptivesHub Accelerator Program saw 100+ applications, with 10 standout Projects.
➡️Some Inspiration on icphublatam
➡️ckSepoliaETH is live for testing
➡️Wasm instrumentation is live on the IC
➡️AI is live on-chain🤯
➡️dfx version manager is coming soon👀

So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, share this with your #crypto2023 Fam and everyone else who might need some ICP alpha😉
I'll see ya tomorrow🫡

The Federal Reserve’s new emergency loan program, the Bank Term Funding Program (BTFP), is aimed at preventing bank runs and ensuring that banks have access to liquidity.

The program allows banks to use U.S. Treasuries and mortgage bonds as collateral for loans from the Fed at face value. This program is seen as necessary due to the severe banking situation, with unrealized losses on Treasury and other holdings by U.S. banks amounting to $620 billion.

Interestingly, the acronym for the program, BTFP, is similar to the popular cryptocurrency investing term, BTFD, which stands for Buy The Fu****g Dip. This is a reference to the belief among Bitcoin investors that, despite its high volatility, the cryptocurrency will continue to rise in price due to its limited supply and continued adoption.

Bitcoin proponents argue that the ever-increasing volume of money reduces the purchasing power of the dollar, making Bitcoin an attractive alternative investment. The Fed’s Bank Rescue Program is seen as contributing to the spread of dollars, which in turn supports the slogan ‘BTFD’ of Bitcoin supporters.

It is important to note that investing in Bitcoin is not without risks, as the cryptocurrency has experienced significant price fluctuations in the past. However, Bitcoin investors believe that its potential for long-term growth outweighs these risks.

The Fed’s BTFP is a significant policy response to the current banking situation, and its acronym’s similarity to the popular Bitcoin investing term is a coincidence that has not gone unnoticed. Whether or not the Fed’s policy will ultimately support Bitcoin investing remains to be seen, but it is clear that the cryptocurrency continues to attract attention from investors and policymakers alike.

#Fed #BTFP #BTFD #crypto2023 #azcoinnews

This article was republished from azcoinnews.com