Cryptocurrency
Impossible Cloud Network Reveals Strategic Roadmap for Decentralized Cloud Platform

[PRESS RELEASE – Hamburg, Germany, July 23rd, 2024]
Pioneering the Future of Decentralized Cloud with real-world demand, Utilizing SLA Oracles and enterprise-grade hardware from top providers, ICN is building a decentralized multi-service cloud platform.
Impossible Cloud Network (ICN), a decentralized cloud ecosystem with roots in Web2, has revealed its roadmap for an open, multi-service platform. Competing with giants like AWS, GCP, and Microsoft Azure, ICN connects hardware providers, service providers, and monitoring nodes through the ICN protocol.
The protocol is designed to balance supply and demand in a blockchain-based marketplace, ensuring efficient scalability and minimal subsidies. ICN’s architecture includes hardware for scalability, services for composable innovation, and monitoring for trust. ICN aims to support a variety of cloud services, including storage and GPU compute, offering comprehensive solutions for diverse business needs. With Impossible Cloud GmbH as the first service provider, the platform has already proven that it can facilitate revenue generation by delivering reliable services with industry-leading performance.
Impossible Cloud has previously secured €17 million in funding from renowned Web3 and Web2 investors including 1kx, HV Capital, Protocol Labs, very early Ventures, LBBW VC and TS Ventures.
Newly released Litepaper now available
The Litepaper of Impossible Cloud Network (ICN) is now released – covering an in-depth overview of ICN’s vision and development plans. The document outlines the technical and strategic milestones guiding the platform’s evolution, including key features, architectural design, and future prospects. A particular focus is on SLA Oracles, which are essential for monitoring and ensuring the performance and reliability of the network for the business customers.
Kai Wawrzinek, CEO & Founder of ICN, states:
“Our architecture has a multi-layered approach: The Hardware Layer ensures unprecedented scalability through decentralized hardware contributions. The Service Layer facilitates composability, allowing open-source software to integrate into larger constructions. Lastly, the Monitoring Layer, composed of SLA Oracle nodes, establishes a layer of trust with verifiable proofs to tackle the DePIN verification problem.”
Users can find out more in the newly released Litepaper here.
Significant milestones with key partnerships and a growing ecosystem
Recently, Impossible Cloud Network (ICN) played a key role in the inception of the DePIN Association alongside other founding members such as peaq, IoTeX and DePIN Hub. This association aims to expand and accelerate DePIN adoption through education, events, and strategic collaborations. ICN has also announced strategic partnerships with leading hardware manufacturers such as Supermicro and pioneering DePIN projects at the forefront of the industry such as Witness Chain.
During a keynote address at EthCC, ICN showcased its innovative solutions and strategic vision for the future of decentralized cloud. The event highlighted ICN’s commitment to building a robust ecosystem through these significant partnerships. Christian Kaul, COO & Co-Founder of ICN, stated:
“We’re excited to present our vision at EthCC and believe that our innovative approach will set new standards in the cloud services industry. The strength of our ecosystem is crucial as we work together to revolutionize the open cloud, ensuring a mutually beneficial platform for innovation.”
These developments signal strong support from the Web3 and DePIN community, underscoring ICN’s potential to make real-world connections and bring decentralized projects to the forefront of the industry landscape. ICN invites forward-thinking projects, developers, and investors to join their mission to revolutionize the cloud industry.
For more details on ICN’s ecosystem and strategic plans, the newly released Litepaper here provides an in-depth overview.
X – https://x.com/ICN_Protocol
Discord – https://discord.gg/icn-protocol
Telegram – https://t.me/ICN_Protocol
About ICN
Impossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware with cloud service providers while leveraging SLA oracles for uncompromised performance or service quality. ICN already has service providers leveraging the platform with hundreds of business customers and real-world revenue, proving the performance and reliability of the platform.
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Cryptocurrency
Bitcoin Dominance Skyrockets as ETH and Other Altcoins Plummet

Bitcoin’s price took another turn for the worse in the past 24 hours after the US attacked multiple Iranian nuclear sites, and the asset plunged to a multi-week low.
The altcoins have posted even more notable price declines, which is evident from the growing BTC dominance.
Bitcoin Tries to Recover
The business week began on a different note as the primary cryptocurrency shot from under $105,000 to $109,000 by Tuesday. However, it faced an immediate and violent rejection that pushed it south hard as the tension in the Middle East continued to rage on.
In a matter of hours, BTC dumped to $103,500 before the bulls initiated an impressive leg up that drove the asset higher by around $3,000. Nevertheless, the overall negative market sentiment continued, and bitcoin started to lose value once again in the following days.
The culmination came earlier today as the US launched “successful” attacks against multiple nuclear sites in Iran, as described by the POTUS. Moreover, Trump warned that there will be more violent strikes if Iran decides to retaliate in any form.
Bitcoin’s price tumbled below $101,000 for the first time in almost three weeks. However, it remained within a six-digit price territory and has recovered to $102,500 as of now.
Its market cap is down to $2.040 trillion on CG, but its dominance over the alts has skyrocketed to almost 63% as most bleed out.
Alts Deep in Red
The rising BTC dominance in times when the cryptocurrency’s price is dropping means only one thing – the alts have it even worse. Interestingly, it’s not just the lower caps that are suffering badly. Ethereum, the largest of the bunch, has dumped by over 7% in the past 24 hours and is close to breaking below $2,200. Recall that ETH stood tall close to $2,800 just until a week ago.
Solana, Dogecoin, Cardano, SUI, LINK, HBAR, and LINK are also deep in the red from the bigger alts. Even more painful declines come from VIRTUAL, APT, INJ, TIA, TAO, SEI, JUP, FET, and PEPE, as all of them are down by double-digits on a daily scale.
These developments are only supporting a recent report, which claimed that those hoping for an altseason are relying mostly on “wishful thinking” rather than any hard data.
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Cryptocurrency
Bitcoin Volatility Liquidates $700M, the US Strikes Iran as Conflict Escalates (Weekend Watch)

Crypto markets are going through considerable volatility throughout the past 24 hours as international events are certainly playing their part.
Bitcoin dropped to an intraday low of around $101,000, causing a considerable uptick in liquidated positions.
Bitcoin Price Dips to $101,000
As CryptoPotato reported earlier today, Bitcoin’s price dipped to an intraday low of $101,000. It has since recovered a little bit and trades at $102,500 at the time of this writing.
That said, the volatiltity remains enhanced, which has resulted in a whopping $700 million worth of liquidated positions across derivatives markets.
Data from CoinGlass shows that this represents an increase of more than 55% compared to yesterday’s levels, attesting to the uncertainty of the ongoing situation.
The turmoil is largely caused by the US decision to strike Iran earlier today, despite Donald Trump saying that he will take two weeks to decide on future moves, just a few days ago.
Bahrain and Kuwait, home to US bases, also started making preparations for the possibility the conflict might spread to their territory in a clear sign of escalation. The same is true for Saudi Arabia.
Altcoins Deep in the Red
The declines spread across altcoin markets as well, which took even bigger of a beating. ETH plunged by more than 7%, SOL is down by over 6%, DOGE, ADA, LINK, SUI, and many more chart similar drops as traders derisk.
The obvious exception is LEO, which remains more or less break even on the day, at least from the top 50 cryptocurrencies by means of total market capitalization.
Today’s worst performer is Aptos (APT), followed by Virtuals Protocol, and Injective (INJ), all of which are down in the range between 10% and 13%.
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Cryptocurrency
DeXRP, the First-Ever DEX on XRPL Announced Its IDO – Amidst the Ripple Rally

[PRESS RELEASE – Dubai, UAE, June 20th, 2025]
The DeXRP team has introduced a decentralized exchange (DEX) on the XRP Ledger (XRPL), aiming to establish a transparent trading environment for XRP holders and enthusiasts.
This development coincides with notable growth in the XRPL ecosystem, as Total Value Locked (TVL) has increased from $16 million to $80.63 million in recent months.
Like Jupiter or 1Inch, DeXRP combines a dual trading model with AMM and full Order Book to support both individual users and institutional participants.
DeXRP IDO Details
DeXRP Initial DEX Offering (IDO) is currently live. For the Presale is allocated 25% of the total supply – 500,000,000 DXP.
The DeXRP team has already announced the listing price at $0.35, while the current presale round price is $0.00525.
To join the DeXRP IDO, an investor should connect their wallet on the DeXRP Presale page and choose the suitable currency for purchasing.
Early participants can buy DeXRP tokens (DXP) with ETH, BNB, SOL, XRP, BTC, and USDT, as well as bank card transactions.
To learn more about the IDO of DeXRP: https://dexrp.org/uEBXmVh0JwW
DeXRP Protocol
For institutional investors and traders, DeXRP combines both an integrated AMM system and a full Order Book with a Hybrid Trading Model.
The backbone for every DEX is the liquidity providers, and DeXRP is designed to fairly reward all LPs participants;
- Optimised Liquidity Aggregation
With LP tokens, holders will participate in a fee auction for discounted trading slots, premium features, DEX voting mechanism and access to new trading pairs and pools.
- Yield Multipliers and Advanced Trading Features
DeXRP introduces customizable yield multipliers to grant liquidity providers enhanced LP rewards with individual adjustment instruments. With full commitment control, users can maximise their earnings.
Tokenomics
$DXP is the utility token for DeXRP, and it grants holders: trading fee discounts, access to premium tools, participation in fee auctions, and much more.
Liquidity providers are eligible for LP token-based rewards and may participate in DeXRP’s upcoming fee auction model to access discounted trading slots and exclusive features.
The DeXRP team also plans to introduce airdrop and bounty initiatives to increase community engagement and platform awareness.
For additional updates and participation details, users may refer to DeXRP’s official channels:
About
DeXRP is a next-generation Decentralised Exchange powered by XRPL that combines deep liquidity, ultra-low fees, and a dual-trading model to deliver an institutional-grade trading experience for everyone, from crypto newcomers to pro traders.
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