On April 7th, COINOTAG News reported a significant event within the crypto ecosystem. According to findings from Sigma Squared, a notable Bitcoin position on GMX v1 was recently liquidated, leading
Global financial markets suffered a severe beating after US President Donald Trump made a sweeping tariff declaration, with cryptocurrency XRP being one of the assets that recorded sharp price falls . The digital currency dropped from $2.20 to $1.75 during widespread selling pressure in both conventional and crypto markets. Market Loses $1.65 Trillion After Tariff News According to crypto analyst Oscar Ramos, the US stock market lost approximately $1.65 trillion when markets opened after Trump’s announcement. The president’s decision to impose tariffs on nearly every country worldwide triggered what some market watchers are calling a “financial bloodbath.” Bitcoin, having just reclaimed $88,000, fell back hard to $77,000. This drastic price drop triggered a spate of forced liquidations on cryptocurrency exchanges. Statistics indicate that within 24 hours alone, more than $500 million worth of trading positions were liquidated, with $348 million of long positions and $210 million of short positions erased. let’s start with a smile $XRP HOLDERS Are you tired of buying the XRP DIP?! pic.twitter.com/WWKJwhxHpN — Oscar Ramos (@realOscarRamos1) April 3, 2025 Technical Signals Point To Possible Bottom Ramos indicated that XRP could be heading towards a price floor using past support levels. Comparable price behaviors were observed at the start of the year when the top altcoin traded between $1.90, $1.80, and $1.70 amid previous tariff news regarding Canada, China and Mexico. The analyst pointed out a bearish structure called “Three Black Crows” developing on the crypto’s daily chart, indicating additional downward pressure may be on the way. According to Relative Strength Index (RSI) readings, XRP has yet to reach oversold levels on daily charts, which last occurred in July 2024. Additional Price Declines Could Test $1.50 Support Level If XRP goes into oversold territory on daily charts, Ramos predicts the price to go lower to about $1.50 to $1.60. Despite these warning signs, the analyst views the current situation with some optimism, noting that maintaining price near $2 instead of dropping lower is “a major win.” XRP-specific liquidations contributed $21 million to the market’s total forced closures, with $15 million in long positions and $6 million in short positions eliminated as prices fell. New Ripple USD Launches Amid Market Turmoil Meanwhile, crypto exchange Kraken has just added Ripple USD (RLUSD), a new stablecoin issued by the company behind XRP. Though this move should normally be market-positive, its effect was trumped by other economic worries. Ramos has taken a conservative stance with regards to present market trends. The analyst disclosed his plan is to build up a position in Bitcoin with a vision of owning a full BTC and to avoid taking new XRP positions until the coast is clear. Featured image from Gemini Imagen, chart from TradingView
Are you feeling confident about your crypto portfolio? Think again. A stealth indicator in the traditional finance world is flashing red, and it could spell trouble for Bitcoin and the broader crypto market. We’re talking about credit spreads , and they’re surging to levels we haven’t seen since August 2024, according to a recent CoinDesk report. Historically, spikes in credit spreads have acted as a grim reaper for riskier assets. Is your Bitcoin investment safe? Let’s dive into what this means for you and your crypto holdings. Decoding Credit Spreads: What Are They and Why Should Crypto Investors Care? Credit spreads might sound like Wall Street jargon, but understanding them is crucial, especially if you’re invested in the volatile world of cryptocurrencies. Simply put, a credit spread is the difference in yield between corporate bonds and U.S. Treasury bonds, which are considered virtually risk-free. Think of it as a barometer of financial market stress. When investors become nervous about the economy or the ability of companies to repay their debts, they demand a higher premium for lending to corporations. This premium is reflected in widening credit spreads . Why does this matter for Bitcoin and other risk assets like cryptocurrencies and tech stocks? Because rising credit spreads signal a risk-off sentiment in the market. Investors start pulling back from anything perceived as risky and flock to safer havens like government bonds or cash. Bitcoin, despite its growing adoption, is still categorized as a risk asset in the eyes of many institutional investors and traditional financial analysts. When fear grips the market, these are the first assets to feel the heat. Here’s a breakdown of why rising credit spreads are a red flag for the crypto market : Investor Fear Gauge: Widening spreads indicate increased anxiety about economic conditions and corporate defaults. This fear spills over into all markets, including crypto. Liquidity Crunch: As spreads widen, borrowing costs for companies increase. This can lead to a liquidity squeeze, forcing businesses to cut back on investments and potentially impacting overall economic growth, further dampening investor sentiment towards risk assets . Historical Precedent: History shows a clear inverse relationship between credit spreads and risk asset performance. Sharp increases in spreads have often preceded downturns in stock markets and, by extension, the cryptocurrency market. Reduced Risk Appetite: When financial market stress escalates, investors become more risk-averse. They are less likely to allocate capital to speculative assets like Bitcoin and altcoins, preferring safer investments. Is History Repeating Itself? August 2024 Spreads and Today’s Market CoinDesk’s report highlights that current credit spreads have reached their highest point since August 2024. Let’s reflect on what was happening around August 2024 to understand the potential implications. In August 2024: Market Sentiment: There was growing concern about inflation and the Federal Reserve’s tightening monetary policy. Economic Data: Economic indicators were showing signs of slowing growth, raising fears of a potential recession. Risk Asset Performance: Many risk assets , including cryptocurrencies, experienced periods of volatility and downward pressure during this time. The fact that credit spreads are now mirroring those levels is a significant warning sign. It suggests that similar, or even more intense, financial market stress could be building up. Are we on the cusp of another downturn? While no one can predict the future with certainty, the historical correlation is undeniable and warrants serious attention. What Actions Should Crypto Investors Consider? Navigating the Potential Storm So, what should you do as a crypto investor in light of these concerning signals? Panic selling is rarely the answer, but proactive portfolio management and informed decision-making are crucial. Here are some actionable insights: Monitor Credit Spreads Closely: Keep an eye on financial news outlets and economic data releases that track credit spreads . Several websites provide charts and data on various credit spread indices. Assess Your Risk Tolerance: Honestly evaluate your risk tolerance. If you’re uncomfortable with significant market volatility, consider reducing your exposure to risk assets , including Bitcoin and altcoins, in the short term. Diversification is Key: Ensure your portfolio is well-diversified across different asset classes. Don’t put all your eggs in the crypto basket. Consider holding a mix of assets, including less volatile investments. Stay Informed and Do Your Research: Keep up-to-date with market analysis and expert opinions on the potential impact of credit spreads and broader economic conditions on the crypto market . Consider Staggered Selling or Hedging: If you are concerned about a potential downturn, you might consider staggered selling of a portion of your crypto holdings or exploring hedging strategies to protect your portfolio. (Note: Hedging can be complex and may not be suitable for all investors). Long-Term Perspective: Remember that the cryptocurrency market is inherently volatile, but it also has shown significant long-term growth potential. If you have a long-term investment horizon, periods of market stress can present buying opportunities. The Unpredictable Road Ahead: Will Credit Spreads Continue to Climb? The million-dollar question is: will credit spreads continue their upward trajectory? The answer is complex and depends on a multitude of factors, including: Inflation and Interest Rates: Persistent inflation and further interest rate hikes by central banks could exacerbate financial market stress and push credit spreads even higher. Economic Growth: If economic growth slows down more than anticipated or if a recession becomes more likely, corporate earnings could suffer, increasing default risks and widening spreads. Geopolitical Events: Unforeseen geopolitical events can trigger market volatility and risk aversion, impacting credit spreads and risk assets . Corporate Earnings and Guidance: Upcoming corporate earnings reports and forward guidance from companies will provide crucial insights into the health of the economy and corporate creditworthiness, influencing credit spread movements. It’s a waiting game, but being prepared is paramount. The rise in credit spreads is a clear signal that the financial market stress is real and potentially intensifying. Ignoring these signals could be detrimental to your crypto investments. Conclusion: Navigating Crypto’s Uncertain Waters The message is clear: the surge in credit spreads is a warning that cannot be ignored by crypto investors. While it doesn’t guarantee a Bitcoin price crash, it significantly increases the probability of increased volatility and potential downside pressure on risk assets like cryptocurrencies. By understanding what credit spreads are, recognizing their historical significance, and taking proactive steps to manage risk, you can better navigate these uncertain waters and protect your crypto portfolio. Stay vigilant, stay informed, and be prepared for potential market turbulence. To learn more about the latest explore our article on key developments shaping Bitcoin price action.
In a significant development aimed at extending the reach and increasing the usability of its assets, Ethena has formally introduced its stablecoins USDe and sUSDe on the Binance Smart Chain (BNB Chain). This development widens the Ethena ecosystem to one of the largest and most vibrant blockchain networks in the crypto universe, presenting users with an array of fresh options to trade, lend, and earn in the burgeoning decentralized finance (DeFi) sector. Introducing USDe and sUSDe to the BNB Chain represents a major step forward for Ethena, allowing us to tap into a rapidly growing and diversifying ecosystem. BNB Chain has millions of daily active users, and the level of developer activity ensures that it’s a constantly evolving platform. This new offering is likely to draw even more users toward our decentralized platform. New Opportunities for DeFi Users on BNB Chain Powered by Ethena, the stablecoins USDe and sUSDe are now operational on a number of important DeFi venues. These stablecoins are available to swap, lend, and save on the very first venue, PancakeSwap—the largest DEX in the BNB Chain and a cornerstone DeFi venue in that ecosystem. Ethena was the very first protocol to mint USD-pegged stablecoins on the BNB Chain, and PancakeSwap is now the very first DeFi venue where those stablecoins can be utilized in various financial operations. BNB Chain, in fact, has a number of different venues that are powered by PancakeSwap, so the presence of USD-pegged stablecoins on PancakeSwap is a significant development. Several structures of rewards now exist for users to utilize. On PancakeSwap, the liquidity pools USDe/USDT and sUSDe/USDe are earning 30x more Ethena rewards compared to standard pools. This is a very enticing reward structure for liquidity providers. It gets even better, though; not only are these two pools earning ridiculous amounts of Ethena, they’re also earning CAKE and trading fees at the same time. So there’s a lot going on here that makes these liquidity pools very attractive. PancakeSwap allows users to easily benefit from Ethena’s rewards as they trade and provide liquidity on BNB Chain. The platform is built on Binance’s smart chain and services a token swap that is very similar to Ethereum’s Uniswap. Users who hold Ethena can stake it and earn rewards in a variety of other tokens. USDe has officially launched on @bnbchain USDe and sUSDe go live on @PancakeSwap , @VenusProtocol , and @pendle_fi BNB deployment Users can swap, lend, and save with Ethena assets on BNB Chain pic.twitter.com/7lNteUrTxs — Ethena Labs (@ethena_labs) April 4, 2025 Expanding Access to Venus and Pendle on BNB Chain The introduction of USDe and sUSDe on BNB Chain offers exciting new ways for users to interact with Venus Protocol, the chain’s leading decentralized finance protocol and first money market. Once governance gives the green light, buyers and sellers of USDe and sUSDe will be able to utilize what Venus has to offer. When they do, they’ll encounter an incentive structure that is already rather alluring and has the apparent capacity to become significantly more so, depending on how governance votes. The vast ecosystem of Venus Protocol provides a platform for its users to lend and borrow assets. The addition of USDe and sUSDe as collateral means that users of Venus across the DeFi space can access the same kinds of stablecoin-backed loans that DeFi users have been leveraging all year. Stablecoins have been even more popular recently, and their utility in the DeFi space keeps on growing. More DeFi projects are now using stablecoins as part of their treasury management. Hence, we might see more projects using the same pattern that Venus Protocol has been using to model different stablecoins. Alongside Venus, Ethena has joined forces with Pendle.Fi, a protocol devised for the purpose of working with tokenized, yield-bearing assets. Pendle markets going live on BNB Chain gives users the opportunity to do what DeFi users do best: speculate on floating rates or lock in fixed rates. This is just another layer of flexibility, another tool in the arsenal of DeFi participants that Pendle is offering. Now, if you remember from the first episode, YT holders earn 30x Ethena rewards as well as sUSDe APY. Future Prospects: Collateralization and Further Expansion If we look further ahead, we see the potential for the Pendle protocol to boost the utility of Venus’s stablecoins in another way. The integration of Pendle’s Tokenized Yield (PT) products into Venus Protocol might still happen, and if it does, Venus would then have a reason to add Pendle STs and PTs as collateral for its loans. This would mean that borrowers could use Pendle’s assets—like USDe—against Pendle’s PTs and STs. (If these terms sound confusing, don’t worry; they’re explained in the next section.) Adding Pendle’s products as collateral would also mean more liquidity for users hoping to “leverage” their DeFi holdings. Ethena’s appearance on BNB Chain marks a big step in extending its ecosystem, pulling in users from one of the largest and most vibrant blockchains in the space. By bringing access to some truly lucrative DeFi opportunities, to say nothing of the appearance of Ethena’s smart contracts, Ethena is trying to establish itself as a potent force in the DeFi space on BNB Chain. Further integration with other DeFi protocols and the expansion of its own offerings will make for an exciting next chapter in Ethena’s story. Conclusion: A New Era for DeFi on BNB Chain Introducing USDe and sUSDe on BNB Chain marks a momentous occasion not only for Ethena but also for the decentralized finance (DeFi) ecosystem. Ethena has taken yet another huge step in opening up access to the DeFi protocols on BNB Chain. Now, all of you can use Ethena on BNB Chain to easily and consentingly gain access to key DeFi protocols like PancakeSwap, Venus, and Pendle. As the benefits and rewards of Ethena’s stablecoins in these DeFi settings become clear to an increasing number of users, they are likely to lead to a surge in stablecoin usage within Ethena’s and, by extension, the BNB Chain’s, DeFi landscape. This should position Ethena’s stablecoins comfortably within that DeFi landscape, with what seems to be almost guaranteed opportunities—not to mention the promise of rewards—that will involve Ethena’s stablecoins and the equally stable BNB. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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The Hong Kong Securities and Futures Commission (SFC) has officially released guidelines permitting licensed virtual asset trading platforms to offer staking services. These platforms must implement measures to mitigate risks, safeguard customer assets, and provide comprehensive disclosures regarding staking risks. This regulatory development is seen as a response to increasing global competition in the cryptocurrency sector, particularly benefiting Ethereum, as the market anticipates a boost in staking activities. The guidelines are expected to enhance the operational landscape for crypto firms in Hong Kong, aligning with broader trends in the digital asset market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Assessing altcoins' next move amid renewed Trump tariff fears and macro uncertainty.
Cardano (ADA) is facing significant market turmoil, with a recent drop of over 10% in just 24 hours, signaling deep investor concerns. The emergence of a “death cross” on ADA’s
According to recent data from HypurrScan, a notable event occurred on April 7th as a significant market player, often referred to as a whale, initiated a 20x leverage long position
Hold onto your hats, crypto enthusiasts! The global market winds are shifting, and the latest tremor is emanating from the East. Japan’s benchmark Nikkei 225 index has experienced a dramatic plunge, sending shockwaves across financial markets. As the Nikkei faces an alarming drop , Prime Minister Shigeru Ishiba is stepping up to address the elephant in the room: tariffs. Let’s break down what’s happening and why this could matter to your crypto portfolio. Why is the Nikkei Drop Causing Panic? The Nikkei 225, a key indicator of Japanese economic health and a bellwether for global markets, has witnessed a staggering 8.53% decline , settling at 30,899.70 at the time of reporting. This isn’t just a minor dip; it’s a significant correction that signals potential unease among investors. Several factors could be contributing to this market turbulence: Geopolitical Uncertainty: Trade tensions are back in the spotlight, and any hint of tariff escalations can spook markets. The promise of discussions between PM Ishiba and President Trump highlights this underlying anxiety. Global Economic Slowdown Fears: Concerns about a broader global economic slowdown are always lurking. Market corrections like this can be amplified by such fears, as investors become more risk-averse. Profit-Taking and Market Correction: After periods of sustained growth, markets are often ripe for corrections. Profit-taking by investors can trigger a domino effect, leading to sharper declines. Currency Fluctuations: The Japanese Yen ‘s performance against other currencies can also influence the Nikkei. Currency volatility often reflects and exacerbates market sentiment. Index Current Value Change (%) Nikkei 225 30,899.70 -8.53% Nikkei 225 Performance Snapshot Trump Tariffs Looming: What’s the Real Threat? The core of the issue seems to be the potential for renewed Trump tariffs . During his previous term, President Trump’s trade policies, particularly tariffs on imported goods, created significant global economic ripples. The prospect of these policies being revisited is understandably causing concern. Why are tariffs such a big deal? Increased Costs for Businesses: Tariffs are essentially taxes on imported goods. This increases costs for businesses that rely on imports, potentially leading to higher prices for consumers. Trade Wars and Retaliation: One country imposing tariffs can trigger retaliatory measures from others, leading to trade wars that harm all involved economies. Supply Chain Disruptions: Tariffs can disrupt established global supply chains, forcing businesses to find alternative sources, often at higher costs and inefficiencies. Impact on Corporate Earnings: Companies that export to the U.S. or import from the U.S. could see their earnings negatively impacted by tariffs, affecting stock prices and investor confidence. PM Ishiba’s commitment to discuss tariffs with President Trump is a crucial development. The outcome of these discussions could significantly influence the direction of the global economy and market sentiment. Japanese Yen Under Pressure: A Currency in Crisis? The Japanese Yen often acts as a safe-haven asset during times of global uncertainty. However, in this instance, the Yen’s reaction is worth noting. While typically strengthening during market downturns, the Yen’s performance amidst the Nikkei’s slump will be closely watched. A weaker Yen in this scenario could indicate deeper concerns about Japan’s economic outlook or a shift in traditional safe-haven flows. Factors influencing the Yen: Interest Rate Differentials: The Bank of Japan’s (BOJ) monetary policy, particularly its ultra-low interest rates, contrasts sharply with the tightening monetary policies in the U.S. and other countries. This differential can weaken the Yen. Trade Balance: Japan’s trade balance, impacted by global demand and tariff policies, directly affects the Yen’s strength. Investor Sentiment: Global risk sentiment and investor appetite for safe-haven assets heavily influence the Yen’s value. BOJ Intervention: The possibility of the Bank of Japan intervening in the currency markets to stabilize the Yen is always a factor, though interventions are complex and not always effective. Market Volatility and Crypto: Navigating the Storm So, what does all this mean for the crypto world? Market volatility in traditional financial markets often spills over into the cryptocurrency space. Here’s how the Nikkei drop and tariff talks could impact crypto: Increased Crypto Volatility: Heightened uncertainty in global markets typically leads to increased volatility across all asset classes, including cryptocurrencies. Expect potentially wider price swings in Bitcoin, Ethereum, and altcoins. Safe-Haven Flows into Crypto?: In times of traditional market turmoil, some investors may seek refuge in assets perceived as alternatives, like Bitcoin. Whether Bitcoin will act as a true safe haven in this scenario remains to be seen, but it’s a possibility to watch for. Risk-Off Sentiment: Conversely, a strong risk-off sentiment could lead investors to liquidate positions across the board, including crypto, to move into cash or perceived safer assets. Correlation with Traditional Markets: Cryptocurrencies have shown increasing correlation with traditional markets in recent times. A significant downturn in equities, like the Nikkei, could drag crypto prices down as well. Actionable Insights for Crypto Investors: Stay Informed: Keep a close eye on developments regarding US-Japan trade talks and global economic indicators. News outlets like Kyodo News and financial news sources will be crucial. Manage Risk: In periods of high volatility, risk management is paramount. Consider adjusting your portfolio allocation, using stop-loss orders, and avoiding over-leveraging. Diversification: A diversified portfolio across different asset classes can help mitigate risk during market downturns. Long-Term Perspective: Remember that market corrections are a normal part of the economic cycle. Maintain a long-term perspective and avoid making rash decisions based on short-term market fluctuations. Conclusion: Weathering the Economic Uncertainty The shocking Nikkei drop and the looming threat of Trump tariffs highlight the interconnectedness of the global economy and the ever-present potential for market volatility . For crypto investors, this situation serves as a reminder of the importance of staying informed, managing risk effectively, and maintaining a balanced perspective. While market turbulence can be unsettling, it also presents opportunities for those who are prepared. Keep a watchful eye on how these events unfold, as they could have significant implications for both traditional and cryptocurrency markets in the days and weeks to come. To learn more about the latest global market trends, explore our article on key developments shaping global market volatility.
Long a major participant in the cryptocurrency market, Ripple's XRP attracts financial institutions and investors for its ability to transform cross-border payments. Currently priced at about $2.24, many experts believe XRP might skyrocket above $20 in the following months. Though XRP's path is still bright, an even more excellent prospect exists in a newly developed altcoin called Rexas Finance (RXS) , which has an astonishing 17,000% increase ready to surpass XRP. Will XRP Reach $20? Unlike many cryptocurrencies, XRP has a strong use case. It facilitates cheap and speedy cross-border transactions for banks and other financial institutions. Several international institutions have already accepted Ripple's technology, so XRP is becoming a bridge currency for foreign transactions. Monitoring XRP's price movement, experts have found encouraging signals akin to a "bull flag," typically indicating a break into higher price levels. If past patterns from 2017 repeat, some experts predict XRP may reach $20 by January 31, 2025. Regulatory clarity is another possible catalyst for a bullish action. Should the U.S. Securities and Exchange Commission (SEC) approve XRP-based Exchange-Traded Funds (ETFs), institutional adoption would be much improved, influencing the price of XRP toward the $20 level. Given growing institutional interest and ongoing banking sector adoption, XRP might see a significant price spike in the next bull market cycle. Rexas Finance (RXS): The Altcoin Set for 17,000% Gains Although XRP's expected profits are remarkable, Rexas Finance (RXS) is expected to yield much more. Rexas Finance is transforming the trillion-dollar markets of real estate, commodities, and collectibles by letting investors tokenize and trade these assets on the blockchain, acting as a real-world asset tokenizing platform. From its starting price of $0.030 in early September 2024, RXS has already skyrocketed by 566% and is currently valued at $0.20 in its 12th and final presale stage. Rexas Finance (RXS) has sold well over 457 million RXS tokens and raised, thus far, about $47.5 million. The presale is almost over, with 91.52% of the final-stage tokens sold. Officially scheduled for launch by June 19, 2025, RXS is projected to debut for $0.25—a guaranteed 25% increase for investors in the final-stage presale. But analysts estimate that, within just five months, RXS's value may skyrocket to $34, providing an incredible 17,000% return on investment. Why Rexas Finance is Gaining Massive Traction 1. Certik Audit & Listings on CoinMarketCap and CoinGecko Leading blockchain security company, Certik has extensively audited Rexas Finance (RXS) to guarantee security and openness. Further increasing RXS's legitimacy and exposure among investors is its listing on CoinMarketCap and CoinGecko. 2. Massive Community-Driven Growth Without Venture Capital Unlike many projects that rely on venture capitalists, Rexas Finance has chosen a community-focused approach, allowing individual investors to drive its success. This strategy has created a loyal investor base that believes in the long-term vision of RXS. 3. Multi-Chain Support & Advanced Investment Tools Rexas Finance supports ERC-20, ERC-721, and ERC-1155, among several blockchain networks and token standards. This adaptability and strong investing instruments give consumers easy asset trading and yield techniques. RXS vs. XRP: The Better Investment? Although XRP's possible $20 increase would provide significant gains, RXS offers a more profitable prospect. Rexas Finance is positioned to outperform other cryptocurrencies in the next bull market with its creative asset tokenizing approach, strong community support, and substantial growth estimates. Early investors could reap life-changing gains. RXS will launch at $0.25 on June 19, 2025; expert forecasts indicate a $34 price objective. Right now is the perfect moment to gather RXS before it explodes, as the investment window at $0.20 is soon closing. Final Thoughts: Take Action Before It’s Too Late Although XRP is still a viable investment option with possible returns ahead, Rexas Finance presents the most significant current opportunity. RXS is in its final presale, and 91.52% of the final presale stage has been filled. Grab RXS at $0.20 before it launches at $0.25. Get your RXS coins right now to position yourself for significant gains and avoid missing out on the most prominent crypto success narrative of 2025! For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.