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Crypto

Shiba Inu rises but futures money pulls out; net inflow plunges 865 percent

Shiba Inu (SHIB) rose slightly with a broader market rebound, but funds left the futures market, weakening short-term buying sentiment. Its futures net exposure fell 865 percent in 24 hours. SHIB gained 2.37 percent to $0.00000598 as total crypto market value edged up to $2.13 trillion. CoinGlass data showed outflows exceeding inflows, while $145.71 million in long positions were liquidated across the crypto market.

AI & Enterprise

US big tech turns back to gas power to run AI data centres

U.S. big tech companies are moving to build natural gas power plants to secure electricity for AI data centres, heightening tension across the energy market. TechCrunch reported Microsoft, Google and Meta have entered competition for fuel and equipment, with potential spillover into power prices and industry. The rush is also creating bottlenecks such as scarce gas turbines and higher costs. Analysts warn demand could shift strain to gas supply networks and sharpen conflicts over energy allocation.

Crypto

Former Ripple CTO says XRP price comment was about payment efficiency, not investment outlook

David Schwartz, Ripple's former chief technology officer, reaffirmed that his past comment that XRP "cannot be ridiculously cheap" referred to payment efficiency rather than an investment outlook. He said institutions moving funds care about the total amount transferred, and a higher XRP price can reduce the number of tokens needed for large transfers and limit market impact. Schwartz also cited a 2017 example and a Bitcoin comparison to explain the point.