Latest news with #ICP
Yahoo
2 days ago
- Business
- Yahoo
ICP Gains Ground as AI Buzz, Valour ETP Listing Boost Institutional Visibility
Internet Computer (ICP) extended its recovery, holding above $5.50 to trade nearly 1% higher in the last 24 hours. As altcoin markets continued to ride the wave of AI token enthusiasm, ICP benefited from a double tailwind: robust on-chain volume dynamics and the debut of a regulated staking exchange-traded product (ETP) in Switzerland. Valour, a digital asset investment subsidiary of DeFi Technologies (DEFT), listed the 1Valour Internet Computer (ICP) ETP on the SIX Swiss Exchange, marking the first time institutional investors in the country can access native ICP staking rewards through a fully regulated, exchange-traded product. The listing enhances ICP's visibility in traditional markets and offers secure exposure to blockchain yield. This backdrop supported a $0.29 trading range for ICP, between $5.49 and $5.77 (a 5.12% spread), according to CoinDesk Research's analytical model. The token surged to a high of $5.77 by 21:00 UTC on July 16 before settling into a volatile range. The launch of the Caffeine AI platform, which allows users to build dapps using natural language, has positioned ICP prominently within the AI token category. High-volume inflows confirmed institutional interest at key support levels: $5.52 and $5.61, where 830,331 and 965,873 tokens traded, according to CoinDesk's technical analysis data model. As AI and staking utility converge, ICP now sits at the intersection of two key crypto narratives. The combined momentum from Valour's listing, altcoin strength and Caffeine's rollout suggest the token may be building toward a renewed challenge of the $5.77 resistance zone. Technical Analysis Highlights ICP traded between $5.49–$5.77, covering a $0.29 range (5.12%). Early surge peaked at $5.77 before retracing; support held at $5.52 and $5.61. Institutional-sized volume: 830K+ and 965K+ units traded at those support levels. Valour launched 1Valour ICP ETP with staking yield built-in on SIX Swiss Exchange. Final hour saw sharp move from $5.68 to $5.56 before stabilizing at $5.62. High-volume breach at $5.65 featured 121K tokens traded in a single minute. Overall volume trend reflects growing institutional and AI-aligned interest. Current price: $5.5883, holding mid-range with resistance at $5.77 in view. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Cision Canada
2 days ago
- Business
- Cision Canada
Valour Enters Swiss Market with HBAR and ICP Staking ETP Listings on SIX Swiss Exchange
Valour Launches First Products on SIX Swiss Exchange: Valour has officially entered the Swiss market with the listing of two staking ETPs—1Valour Hedera (HBAR) and 1Valour Internet Computer (ICP)—on the SIX Swiss Exchange. Access to Native Yield Through Regulated ETPs: Both products offer secure, transparent, and regulated exposure to HBAR and ICP, while integrating native staking rewards directly into their structure. Accelerating Toward 100 ETPs in Europe: With this launch, Valour now offers over 75 ETPs across Europe and continues to expand its footprint in line with its goal of reaching 100 ETPs by the end of 2025. TORONTO, July 17, 2025 /CNW/ - DeFi Technologies (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, " Valour"), a leading issuer of exchange traded products (" ETPs") has successfully listed two digital asset ETPs on the SIX Swiss Exchange—marking its inaugural product launch in Switzerland. The newly listed products are: 1Valour Hedera (HBAR) Physical Staking (ISIN: GB00BRC6JM96) 1Valour Internet Computer (ICP) Physical Staking (ISIN: GB00BS2BDN04) These cross-listed ETPs are already trading on other major European exchanges and will now be accessible to Swiss investors through their existing brokerage accounts. With competitive management fees and integrated staking rewards, both products provide secure, transparent, and regulated access to digital assets while enabling investors to benefit from native protocol yields. About the Listed Products 1Valour Hedera (HBAR) Physical Staking HBAR is the native token of the Hedera network, a high-throughput, proof-of-stake public ledger designed for enterprise-grade applications. This ETP offers investors exposure to HBAR while capturing staking rewards—distributed directly to the product and reflected in its net asset value—without requiring users to manage wallets or custodianship themselves. 1Valour Internet Computer (ICP) Physical Staking ICP powers the Internet Computer, a decentralized network that enables secure, scalable smart contract execution and web-speed blockchain functionality. This ETP provides passive exposure to ICP while generating staking yield, enabling investors to participate in the network's native economics via a traditional financial instrument. Executive Commentary Johanna Belitz, Head of Nordics and DACH at Valour, commented: "Launching on SIX is a major milestone in our mission to democratize access to digital assets. Switzerland is one of the most forward-looking markets for regulated crypto products, and we're proud to offer investors here access to yield-bearing protocols like HBAR and ICP in a simple and compliant format." Elaine Buehler, Head of Products at Valour, added: "Our debut on the SIX Swiss Exchange reflects growing institutional and retail appetite for digital asset products that generate yield. These ETPs not only give investors exposure to two high-quality blockchain ecosystems—they do so through structures designed for security, simplicity, and accessibility." With the addition of these products on SIX, Valour continues to expand its footprint across Europe, now offering over 75 ETPs on exchanges including Spotlight (Sweden), Börse Frankfurt (Germany), Euronext (Paris and Amsterdam), and now SIX (Switzerland). The Company remains on track to reach its goal of 100 ETPs by year-end 2025. About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of 1Valour Hedera (HBAR) Physical Staking ETP, 1Valour Internet Computer (ICP) Physical Staking ETP; the development of the Internet Computer protocol, Hedera blockchain; development of additional ETPs and the number of ETPs anticipated by end of 2025; investor confidence in Valour's ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Yahoo
3 days ago
- Business
- Yahoo
ICP Climbs With Broader Crypto Rally, Holds Gains Above $5.50
Internet Computer (ICP) moved higher in tandem with a broad-based crypto market surge, climbing 1.89% $5.5354 after peaking at around $5.65 early on Wednesday. As capital rotated into altcoins following gains in bitcoin and ether, ICP followed suit with a 7% upswing, driven by early bullish momentum and strong support at the lower end of its range. The 24-hour window spanning July 15 at 15:00 UTC to July 16 at 14:00 UTC saw ICP fluctuate within a $0.39 range. Volume during this rally exceeded 964,000 units, indicating robust participation from both large and small buyers as the altcoin sector gained steam. After peaking, ICP transitioned into a sideways consolidation phase between $5.50 and $5.58. Two failed attempts to break above the $5.64–$5.66 resistance zone confirmed short-term exhaustion, according to CoinDesk Research's technical analysis data model. The token remained well bid near $5.52, where fresh demand consistently consolidation reflects similar dynamics seen across Layer 1 tokens, which are seeing profit-taking after multi-session gains but maintaining higher support zones. ICP's ability to hold steady in a tightening range mirrors the broader market's pause after a strong leg up. If bullish sentiment across the crypto market continues, ICP may challenge the $5.60–$5.66 resistance band again, supported by steady inflows and its strong positioning in the decentralized computing narrative. Technical Analysis Highlights ICP climbed 7% from $5.28 to $5.66 before consolidating in a $0.39 range. Early rally supported by 964K+ volume, matching broader altcoin strength. Resistance firmed at $5.64–$5.66 with two rejection attempts. Price stabilized in a $5.50–$5.58 channel for much of the session. Support formed around $5.52; buyers consistently defended this level. ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume. Market structure remains bullish above $5.50 amid macro crypto strength. Current price: $5.5354, up 1.89% on the day. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gulf Insider
3 days ago
- Business
- Gulf Insider
Expats In Oman Must Show Hotel, Return Flight Bookings For UAE Tourist Visa
Travel agencies in Oman have confirmed that new regulations require applicants for 30-day tourist and visit visas to the United Arab Emirates to submit hotel booking confirmations and return flight tickets at the time of application, according to the Times of Oman . Previously, travellers needed only a valid passport and a photograph. Under the updated requirements, all applications must now be submitted via the UAE's websites of ICP and GDRFA, or through the ICP App and Dubai Now with supporting documents, including confirmed accommodation and return travel plans. 'Travel agencies have been instructed to submit hotel and flight tickets with every visa application,' Soumava Mukherjee, General Manager of Travel City–Travel Point LLC, told the Times of Oman . 'If not, applications may face delays or even rejection.' Mukherjee added that individuals staying with relatives in the UAE must also submit a copy of a house lease agreement from their host. The changes come alongside rising visa costs. What once cost OMR30 is now being charged at rates between OMR40 and OMR50, depending on the agency. 'Travel agents have started charging anything in between OMR40 and OMR50 for the UAE visa,' said T. Sudheer, an Indian expatriate currently applying for a visa. The new requirements apply to both tourist and visit visa categories. According to Taufiq Uzzaman, Managing Director of Taufiq Travel and Tourism in Ruwi, the UAE authorities have introduced the policy as part of broader efforts to streamline visa processing and enhance regulatory compliance. 'This change, applicable to both tourist and visit visas, aims to streamline the process and ensure compliance,' Uzzaman told to the Times of Oman .
Yahoo
4 days ago
- Business
- Yahoo
ICP Slides 3% But Caffeine Launch Sparks Rebound
Internet Computer (ICP) saw a volatile 24-hour stretch marked by early selling and a sharp rebound After falling to $5.27, the token recovered into the close to settle at $5.4324 - trimming losses after a 3.47% daily decline. The turnaround came amid renewed optimism driven by the official launch of Caffeine, a next-generation AI-powered Web3 platform built on ICP. Unveiled on July 15, 2025, at the 'Hello, Self-Writing Internet' event in San Francisco, Caffeine empowers users to build decentralized apps using natural language — no code required. The platform's debut marks a significant milestone in Internet Computer's strategy to merge on-chain AI with seamless dapp creation, helping to ignite buying interest late in the day. Overnight, bears pushed ICP from $5.39 to $5.20 on volume exceeding 850,000 contracts at 03:00 UTC, according to CoinDesk Research's analysis. However, the landscape shifted after 14:30 UTC on Tuesday. ICP dropped to $5.27 but then reversed higher on a series of institutional-sized volume spikes. This flurry of activity lifted the token back to $5.34, narrowing the day's losses and reinforcing buyer presence around the $5.27-$5.28 support band. Fundamental progress further bolstered sentiment. The DFINITY Foundation has burned over 1 million tokens to tighten supply, while its new vetKeys privacy protocol addresses critical concerns in blockchain data security. With AI now live on-chain via Caffeine and technical buyers stepping in near key support, ICP appears poised to test resistance at $5.40 once again, backed by ecosystem momentum and strategic upgrades. ICP fell 3.47% in 24 hours, with a $0.30 intraday spread from $5.50 to $5.2115. Caffeine's launch introduced AI-powered dapp creation, driving bullish sentiment. Bears pushed price lower early; $5.20 support held firm on heavy overnight volume. A rebound lifted ICP from $5.27 to $5.34 after a wave of accumulation. Notable volume surges: 14:52 (41,106), 15:03 (44,658), 15:29 (17,658). Resistance remains at $5.40–$5.42, where rallies repeatedly paused. Support re-established at $5.20–$5.28 following recovery. Current price: $5.4324, holding above intraday lows and showing upward bias. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
