$XRP #xrp NYSE Arca seeks approval to convert Grayscale's XRP Trust into a spot ETF AI Summary According to Odaily, the New York Stock Exchange (NYSE) has submitted a 19b-4 document to Arca, with the goal of converting Grayscale's XRP Trust into a spot exchange-traded fund (ETF). The trust currently manages around $16.1 million worth of assets. This filing represents the second step in a two-part process to apply for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The exchange is submitting the 19b-4 document to the SEC to propose changes to existing rules that will allow the ETF to be traded. This step is crucial in the ETF approval process. Once the SEC approves the document, it will be published in the Federal Register, starting the approval process.
#XRPETFIncoming? NYSE Arca seeks approval to convert Grayscale's XRP Trust into a spot ETF AI Summary According to Odaily, the New York Stock Exchange (NYSE) has submitted a 19b-4 document to Arca, with the goal of converting Grayscale's XRP Trust into a spot exchange-traded fund (ETF). The trust currently manages around $16.1 million worth of assets. This filing represents the second step in a two-part process to apply for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC). The exchange is submitting the 19b-4 document to the SEC to propose changes to existing rules that will allow the ETF to be traded. This step is crucial in the ETF approval process. Once the SEC approves the document, it will be published in the Federal Register, starting the approval process.
GM Square Fam! It's the end of January, but that shouldn't stop us from educating ourselves. Welcome to the 83rd edition of #ICP Pulse [Season 3], your daily dose of all things Internet Computer. Buckle up, as we deep dive into the trenches to get some advanced alpha. LFGđ«Ą
1/ $ICP Price Action
Well, the weekly chart. Within this week, the price action slid to as low as 8.1 USD and settled at 9.0 USD, as of today. Now, back to the numbers [in terms of weekly]: Support: 8.2 - 9.5 USD Resistance: 10.6 -11.2 USD Other conditions: Close this week's candle at around 9.3 -9.5 USD and potentially continue the upside, possibly starting next Monday. RSI sits at 47.2, indicating neutral activity, but do remember that it's a lagging indicator. Still, we will have to wait for this candle to close to ensure it remains intact, which we will discuss as we progress.
As always, Remember to do your own research before aping in, AND THIS IS NFAđ 2/ Onchain Stats Sources: ICP Dashboard, TokenTerminal and ICTerminal
đȘInternet Identity Count
Within the week, the IC was able to absorb an impressive 7.2K entities into the ecosystem. This metric is up by +33% compared to last week.
đȘBurned ICP Stats
The burned ICP count is on its way to 1 Million. Within this week, we were able to see 63.9K ICP, worth 575K USD vanishing from the circulation supply. and FYI, according to ICPZone, This month accounts for 257K ICP burning, and being able to evaporate inflation from Nodes fully.
đȘMcap vs Fees [Weekly]
This was another positive week, where the IC was able to maintain a steady marketcap, while gradually increasing fee revenue, accumulating 473K USD, according to this chart from tokenterminal.
đȘNumber of New Addresses | ICTerminal
Well, folks. We are seeing history made on the Internet Computer, which resulted in making an ATH in this metric, where we saw around 40.3K new addresses being activated in the mainnet. 3/ NFT Stats Sources: toniqMarket, bioniqMarket and yukuapp 1ïžâŁMotoko Ghosts --> đș24.8 ICP 2ïžâŁBTC Flower --> đ»28.5 ICP 3ïžâŁETH Flower --> 5.9 ICP 4ïžâŁicbucks by EgidoVal--> 0.99 ICP 5ïžâŁPoked Bots Mutant Army by pokedstudiouk --> đș38.5 ICP 6ïžâŁ Goated Gamer by The_Swop --> 2K sats ckBTC 7ïžâŁMotoko Sentinels--> 0.00063 ckBTC 8ïžâŁCubetopia Islands --> đ»7.99 ICP 9ïžâŁDistrikt PODs --> đ»2 ICP đICP flower --> 7.5 ICP 4/ Gainers and Losers Sources: ICPcoins and ICPTokens Note: weekly recap, indicates weekly gains đŁGainers âĄïžICPanda --> 0.006 USD @ 6.2M USD Marketcap (đș721%) âĄïžQuerio --> 0.06 USD @ 197K USD Marketcap (đș50.9%) âĄïžOpenchat --> 0.3 USD @ 30.4M USD Marketcap (đș12.3%) đŁLosers âĄïžWindoge98 --> 0.229 USD @ 2.2M USD Marketcap (đ»43%) âĄïžDecideAI_ --> 0.02 USD @ 20.5M USD Marketcap (đ»29%) âĄïžAlice --> 0.0745 USD @ 3.1M USD Marketcap (đ»23%) 5/ Inside the ICVerseđ§âđ đȘ4 Voting Proposals in the NNS. đȘ4 Voting Proposals in the ICLightHouse SNS. đȘ2 Voting Proposals in the Openchat SNS. đȘ1 Voting Proposal each in the Kinic and Yral SNSs.
Note: analytics are calculated on weekly indicators. đȘTVL on NNS: 2.119 Billion USD [đ»21%] đȘTVL on ICP DeFi By DefiLlama: 38.24M USD [đ»23.7%]
đȘNFID SNS Swap is live [Ends in 9 days, 7 hours] NFID aims to be the go-to Web3 Wallet infrastructure. âĄïžMinimum commitment: 10 ICP âĄïžMaximum commitment: 100K ICP âĄïžOverall commitment [including Neurons Fund]: 8.9K ICP âĄïžMinimum direct commitment to complete the swap: 100K ICP âĄïžTotal supply: 2.13B NFIDW âĄïžSupply allocated to the Swap: 434M NFIDW
đŁParticipants of the swap will receive 6 equal value neurons, each with a dissolve delay of 0,2,4,6,8 and 10 months respectively
đȘFuelEV SNS Swap is live [Ends in 9 days, 7 hours] FuelEV is on a mission to allow the tokenization of EVs. âĄïžMinimum commitment: 1 ICP âĄïžMaximum commitment: 100K ICP âĄïžOverall commitment [including Neurons Fund]: 28.4K ICP âĄïžMinimum direct commitment to complete the swap: 40K ICP âĄïžTotal supply: 1B FUEL âĄïžSupply allocated to the Swap: 250M FUEL
đŁParticipants of the swap will receive 5 equal value neurons, each with a dissolve delay of 0,6,12,18 and 24 months respectively
đȘUpdates from the DFINITY Foundationđź âĄïžThe World Computer Day playlist at Davos 2025 is live on YT. âĄïžai16z's Eliza framework is now plugged into the Internet Computer. âĄïžThe foundation successfully completes the Solenoid Milestone, allowing sufficient decentralization of boundary nodes on ICP. âĄïžA short video where the foundation's CBO PierreSamaties explains how the IC is empowering DeFi on Bitcoin. âĄïžThe two ICRC standard [token and NFT] working groups at the foundation will be merged to form the token standard working group. 6/ Updates from the ICP ecosystem âĄïžSonic to ship some exciting updates for V3 âĄïžBobBodily and the team ships Odin âĄïžJunBuild ships new updates for serverless functions. âĄïžPersonalDAO adds support for peer-to-peer lending. âĄïžICPCC to conduct the Public DAO meeting on the 6th of February at 17:00 UTC So, Here I wrap up for the dayđ Hats off for staying this farđ«Ą Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #PCEInflationWatch fam.
And finally, before you go... I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing. This will help me provide you with more quality information, thank youđ«¶
Now go unplug those wallets, and revoke your permissions as we meet the weekend đ„ł Btw, stay tuned for today's educational quizâïž
I'll see ya next week with your daily dose on ICPđ«Ą Until then, Take caređ
$BTC The important crypto event of the week is here! đš $ETH Today at 2:00 PM, all eyes will be on the Federal Open Market Committee (FOMC) as they announce their decision on interest rates. While a rate cut is unlikely, the truly market-moving moment will occur at 2:30 PM during Jerome Powell's press conference. What should you expect?
#FedHODL The important crypto event of the week is here! đš $ETH Today at 2:00 PM, all eyes will be on the Federal Open Market Committee (FOMC) as they announce their decision on interest rates. While a rate cut is unlikely, the truly market-moving moment will occur at 2:30 PM during Jerome Powell's press conference. What should you expect?
$BTC Interested in MicroStrategy's Bitcoin acquisitions! They have become a major player in the Bitcoin world. Here is a summary of their recent activities: * Continuous Buying: MicroStrategy is continuously buying Bitcoin. They regularly add to their holdings, often using a combination of cash and raising capital through debt or equity offerings.#VVVonBinance
$BTC Interested in MicroStrategy's Bitcoin acquisitions! They have become a key player in the Bitcoin world. Here is a summary of their recent activities: * Continuous Purchase: MicroStrategy continuously buys Bitcoin. They regularly expand their holdings, often using a combination of #MicroStrategyAcquiresBTC cash and raising capital through debt or equity offerings.$BTC
#MicroStrategyAcquiresBTC Interested in MicroStrategy's Bitcoin acquisitions! They have become a major player in the Bitcoin world. Here is a summary of their recent activities: * Continuous Buying: MicroStrategy is continually buying Bitcoin. They regularly add to their holdings, often using a combination of cash and raising capital through debt or equity offerings.
#EOSProject EOS is a powerful Layer-1 blockchain that uses smart contracts to develop, deploy, and operate decentralized applications that meet real-world needs, including the finance, gaming, sports, and art industries, as well as at the retail and institutional levels$EOS
$ETH $BNB Decentralized ecosystems and blockchain interoperability are ushering in a paradigm shift in finance. Investing in crypto like BNB provides access to innovation, scalability, and long-term growth potential. Welcome the future of decentralized value transfer.
#DeepSeekImpact We are excited to announce that @deepseek_ai R1 will be integrated into ChainGPT's Agents and Chatbots platform! đ€ DeepSeek's open-source framework is a perfect fit with our mission to make AI more efficient, accessible, and collaborative by driving innovation in AI and Web3. $CGPT#Binance#DeepSeekImpact #MicroStrategyAcquiresBTC
$SOL Solana Exchange-Traded Fund (ETF) is an investment vehicle that allows individuals to gain access to Solana's native cryptocurrency, SOL, without having to buy or manage the digital assets directly. By investing in a Solana ETF, investors can participate in the performance of SOL through traditional financial markets and avoid the complexities associated with cryptocurrency exchanges and wallets.
#SOLETFsOnTheHorizon Solana Exchange-Traded Fund (ETF) is an investment vehicle that allows individuals to gain access to Solana's native cryptocurrency, SOL, without having to buy or manage the digital assets directly. By investing in a Solana ETF, investors can participate in the performance of SOL through traditional financial markets and avoid the complexities associated with cryptocurrency exchanges and wallets.
#USConsumerConfidence $BNB #USConsumerConfidence BNB Decentralized ecosystems and blockchain interoperability herald a paradigm shift in finance. Investing in crypto like BNB provides access to innovation, scalability, and long-term growth potential. Welcome to the future of decentralized value transfer.
#USConsumerConfidence $BNB Decentralized ecosystems and blockchain interoperability herald a paradigm shift in finance. Investing in crypto like BNB provides access to innovation, scalability, and long-term growth potential. Embrace the future of decentralized value transfer.