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Crypto

XRP stuck in range despite ecosystem tailwinds; breakout a key test

XRP has failed to break out of a $1.25 to $1.60 trading range for 10 weeks despite recent positive ecosystem developments. Market watchers say technical price structure is driving the move more than near-term news. Analyst ChartNerd said XRP has been forming a parallel channel between the 20-week and 50-week exponential moving averages for about two months after a 70 percent surge in August. The next trend hinges on a clear break above resistance or a loss of support.

AI & Enterprise

Nvidia tests technique to cut physical qubits needed for error correction by 90 percent

Nvidia carried out a 104-qubit quantum computing simulation on Germany’s Jupiter, Europe’s first exascale supercomputer, and tested a technique that could cut the physical-qubit resources required for error correction by 90 percent. The study focused on efficiently preparing magic states through Magic State Cultivation under noise conditions close to real quantum hardware. Nvidia used GH200-based systems and scaled workloads to 8,192 GPUs, with cuQuantum and CUDA-Q software platforms.

Industry

Samsung Electro-Mechanics, Nvidia to expand dedicated AI substrate fabs with joint investment

Samsung Electro-Mechanics will expand its AI semiconductor substrate plants through joint investment with Nvidia, it said on Oct. 21. The companies formed a strategic business partnership under which Samsung Electro-Mechanics will supply package substrates to Nvidia for multiple years from 2026. Production will be handled at its Sejong and Busan sites, where dedicated lines will be added. Items include substrates for Nvidia computing chipsets and package substrates for network switches.