XRP Slumps as ZEC, ICP Defy Crypto Market Downturn

While Ripple’s XRP faces continued pressure despite major corporate developments, privacy coin Zcash and Internet Computer are posting impressive gains against the broader market trend. This divergence highlights the selective momentum occurring within the cryptocurrency space as investors weigh contrasting technical forecasts.

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ICP Defies Crypto Crash with 100% Weekly Surge

While most cryptocurrencies suffered significant losses in recent market corrections, Internet Computer (ICP) has defied the trend with an explosive 100% gain over the past week. The digital asset’s remarkable performance has caught the attention of analysts and investors alike. This surge appears driven by both fundamental developments and technical breakout patterns.

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Maestro & ICP Boost Bitcoin DeFi with Ordinals & Runes

Maestro has teamed up with the Internet Computer Protocol (ICP) to advance Bitcoin’s DeFi ecosystem by developing an enterprise-grade metaprotocol indexer for Ordinals and Runes. Funded by a DFINITY Foundation grant, the partnership will integrate high-throughput ICP canisters to provide real-time data for Bitcoin-native applications like Liquidium and Odin.fun. The Maestro Indexer ensures secure, trustless access to BTC assets, enabling innovations such as instant cross-chain loans without bridges. With over 1,000 developers already using Maestro’s infrastructure, this collaboration strengthens ICP’s position in BTCFi, where TVL has surged from $300M to $7B in a year.

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Caffeine.ai Opens Waitlist After Live Demo at World Computer Summit

DFINITY Foundation unveiled Caffeine.ai, the world’s first self-writing apps platform, at the World Computer Summit in Zurich. The tool allows users to build sophisticated production apps on the Internet Computer (ICP) through natural language, eliminating the need for coding skills. A live demo by DFINITY Founder Dominic Williams highlighted its ability to create tamperproof, AI-driven applications, with alpha access now open via join.caffeine.ai. The platform leverages ICP’s smart contracts and a novel AI-optimized programming language, targeting a future where anyone can develop online functionality conversationally. Enterprises, entrepreneurs, and even governments could benefit from faster, cheaper, and more secure app deployment. The beta version is expected in a month, marking a major step toward Dominic Williams’ vision of a ‘self-writing internet.’

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Piggycell secures 10 million seed funding to expand decentralized charging infrastructure

Piggycell has secured a US$10 million seed round led by Animoca Brands and Internet Computer (ICP) to enhance its decentralized electric power charging infrastructure. Since its inception in 2020, the startup has established over 13,000 charging hubs in South Korea, dominating the portable battery rental market with nearly 4 million users. The funds will accelerate the launch of its DePIN platform in the first half of 2025, integrating blockchain technology with real-world assets for a seamless Charge-to-Earn experience.

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