PIF-backed Lucid expands network in Saudi Arabia

The post Ripple Buyers Step In at $2.00 Floor on BTC’s Hover Above $91K appeared on BitcoinEthereumNews.com. Token breaks above key support while volume surges 251% during psychological level defense at $2.00. News Background U.S. spot XRP ETFs continue pulling in uninterrupted inflows, with cumulative demand now exceeding $1 billion since launch — the fastest early adoption pace for any altcoin ETF. Institutional participation remains strong even as retail sentiment remains muted, contributing to market conditions where large players accumulate during weakness while short-term traders hesitate to re-enter. XRP’s macro environment remains dominated by capital rotation into regulated products, with ETF demand offsetting declining open interest in derivatives markets. Technical Analysis The defining moment of the session came during the $2.03 → $2.00 flush when volume spiked to 129.7M — 251% above the 24-hour average. This confirmed heavy selling pressure but, more importantly, marked the exact moment where institutional buyers absorbed liquidity at the psychological floor. The V-shaped rebound from $2.00 back into the $2.07–$2.08 range validates active demand at this level. XRP continues to form a series of higher lows on intraday charts, signaling early trend reacceleration. However, failure to break through the $2.08–$2.11 resistance cluster shows lingering supply overhead as the market awaits a decisive catalyst. Momentum indicators show bullish divergence forming, but volume needs to expand during upside moves rather than only during downside flushes to confirm a sustainable breakout. Price Action Summary XRP traded between $2.00 and $2.08 across the 24-hour window, with a sharp selloff testing the psychological floor before immediate absorption. Three intraday advances toward $2.08 failed to clear resistance, keeping price capped despite improving structure. Consolidation near $2.06–$2.08 into the session close signals stabilization above support, though broader range compression persists. What Traders Should Know The $2.00 level remains the most important line in the sand — both technically and psychologically. Institutional accumulation beneath this threshold hints at larger players…

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon has pushed back against claims that the banking giant had debanked President Donald Trump-bread more