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Crypto

Shiba Inu open interest surges, could leverage expansion be a variable

Shiba Inu is showing a strong bullish move in derivatives markets as its price rises alongside growing open interest and net long positions. Market analyst CW said buying pressure is strengthening, with higher highs and higher lows on the hourly chart and rising volume. Open interest has moved from just above 5 billion to above 6 billion, while net positioning has flipped to more than plus 400 million, pointing to a shift toward bullish positioning. Leverage risks are also increasing.

Crypto

XRP breaks $1.45 resistance, outpaces bitcoin and ether gains

XRP broke through the $1.45 level that had capped gains for weeks, showing a stronger rise than bitcoin and ether. Trading volume surged at the breakout, but momentum faded quickly as the price neared $1.50. Traders had been watching a tightening range and chart patterns forming below resistance. Thin liquidity across major exchanges was also cited. The key zone is now $1.44 to $1.45 as potential support, with $1.50 seen as immediate resistance.

Industry

SoftBank to launch gigawatt-scale battery business with South Korean firm in AI-era power bet

SoftBank is moving into battery production in Japan to meet surging power demand driven by the spread of artificial intelligence, aiming to expand into a power and data infrastructure company. It plans to build a battery production base called the GX Factory on the former Sharp Sakai plant site in Sakai, Osaka. SoftBank will develop zinc halide batteries with South Korean firm Cosmos Lab and build energy storage systems with DeltaX.