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Industry

U.S. Pentagon expands online marketplace for counter-drone gear, adds AI recommendations

The U.S. Defense Department has expanded a private online marketplace for procuring counter-drone equipment, creating a centralized system accessible only to approved buyers. The platform is run by Joint Interagency Task Force 401 and restricts visibility based on export-control classifications. Suppliers must pass vetting to list products. Developer Kaizen Laboratories is building the system under a $15 million prototype contract, with cumulative purchases rising from $13 million in April to $21 million in early August.

AI & Enterprise

Nvidia backs GPU collateral in bid to draw up to $500 billion for AI data centres

Nvidia has introduced a financing structure aimed at drawing up to $500 billion for building AI data centres, while directly guaranteeing part of the value of its GPUs used as collateral. Under the plan, if pledged GPUs are liquidated after a default and their value falls short of expectations, Nvidia would cover up to 25 percent of the gap. The company says most funding and risk sit with external lenders.

Crypto

XRP spot ETF holdings near 1 billion even as price slumps, institutional demand holds

Seven XRP spot exchange-traded funds have effectively locked up 992.5 million XRP, bringing holdings close to 1 billion tokens. XRP has recently slumped to a new daily closing low, but ETF inflows and holdings continue to draw attention. Cumulative net inflows total $1.51 billion, suggesting the market has grown to a certain scale. Recent activity has slowed, with daily performance near zero and latest-day net inflows at $0.