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Telecommunications & Media

EU moves to remove Huawei, ZTE and other Chinese gear from networks; replacement costs could hit 40 billion euros

The European Union is pushing to remove Chinese telecoms equipment such as Huawei and ZTE from networks, and European operators could face replacement costs of up to 40 billion euros, an analysis said. A GSMA Intelligence report commissioned by seven major operators estimated higher costs than earlier European Commission figures because it includes transport networks and fixed broadband gear. It also forecast price rises and warned of delays to network upgrades and wider digital infrastructure investment gaps.

Crypto

Will XRP enter the financial mainstream faster? Key lies in U.S. Clarity Act

A U.S. “Clarity” bill under discussion in Congress could be a key factor in expanding institutional adoption of XRP, an analysis said. Developer Vincent Van Code said XRP’s legal status is clearer after a 2023 court ruling in the SEC-Ripple case, but uncertainty remains because it is not federal law. He said many institutions want clear legal guidelines before committing capital. Senate talks are accelerating ahead of the August recess.

Crypto

XRP stabilises in $1 range as charts point to rebound setup

An analysis says XRP selling pressure has eased noticeably, suggesting the long decline is nearing an end. XRP has entered what was described as an “extreme buying opportunity” zone on the daily chart, with price action differing from assets trapped in a strong bear market. Trading volume has fallen sharply from last year’s peak selling period. Analysts said a prolonged consolidation could lead to a larger breakout, with a recovery target around $3.