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Crypto

XRP breakout signal spotted after 8-year consolidation, comparison with gold and silver

Discussion has resurfaced over whether XRP’s long consolidation could lead to a major breakout, after analysts pointed to similar multi-year ranges in gold, silver and ether that were followed by sharp rises. Some in the XRP community say its roughly 8-year sideways move may be a structural accumulation phase. XRP has fallen from a recent high of $2.40 to around $1.50, but long-term analysts say the broader structure remains intact.

AI & Enterprise

AI-based collaboration platform Slashwork attracts investment backed by Slack co-founder

Former Sandberg and Meta engineers have founded AI-based corporate communication platform Slashwork and raised $3.5 million in funding, CNBC reported on Tuesday. The London-headquartered company says it has redesigned collaboration tools for the AI era by embedding large language models across content to provide strong search capabilities. Investors include Slack co-founder Cal Henderson and Sandberg Bernthal Venture Partners.

Industry

Lotte Chemical Q4 operating loss widens 85.7 percent

Lotte Chemical said on Tuesday it posted fourth-quarter revenue of 4.71 trillion won and an operating loss of 433.9 billion won, with revenue down 1.7 percent from a year earlier and the loss widening 85.7 percent. Full-year consolidated revenue was 18.48 trillion won and the operating loss was 943.6 billion won. The company cited seasonal factors and new operations at Lotte Chemical Indonesia, and set out plans to expand high value-added products and energy-related businesses.