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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.

Industry

Fuel cells gain traction as AI data centers face power crunch; investment seen jumping tenfold

Large U.S. data center operators are expanding the use of fuel cells to secure power needed for artificial intelligence infrastructure, seeking to bring supply forward as grid connections can take years. Energy research firm Rystad Energy expects fuel-cell investment for data centers to rise from $2.8 billion in 2025 to about $30 billion in 2030. Bloom Energy posted sharply higher quarterly revenue and swung to profit, and Oracle plans to procure up to 2.8 GW of Bloom’s systems.

AI & Enterprise

TikTok U.S. unit seeks to secure 4 gigawatts of computing capacity by early 2030s

TikTok’s U.S. unit is pushing to secure multi-gigawatt computing capacity over the next several years, CNBC reported. People familiar with the talks said it wants 4 gigawatts of computing power by the early 2030s. TikTok said its U.S. service mainly runs on Oracle cloud infrastructure and Oracle will remain a key provider. Job postings and plans to retrain its recommendation algorithm on U.S. user data point to rising demand.