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QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure

QumulusAI, a cloud infrastructure company specializing in GPU-powered platforms for artificial intelligence, has secured a $500 million credit facility to expand its GPU capabilities. The funding, arranged by Permian Labs and distributed via USD.AI, allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments. This non-recourse facility offers quicker access to capital, crucial as demand for AI computing power surges amidst tight capital access for smaller operators. GPUs are essential for handling the demands of AI tasks, and as larger tech companies dominate GPU supply, QumulusAI aims to scale its capabilities faster using this innovative funding route. CEO Mike Maniscalco emphasized the flexibility gained through Permian Labs' tokenization framework, which helps meet increasing AI compute demands without the limitations of traditional financing methods. The funding comes at a time of growing investment interests in blockchain and AI infrastructure, highlighting a shift towards integrating blockchain solutions in various sectors.

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Bitcoin Holds $111K as XRP Leads Gains

Bitcoin has maintained stability above $110,000, showcasing resilience following a significant liquidation event. Ether rose 3.5% to $3,970, with BNB and Solana both gaining over 3%, while XRP jumped 4.5%, leading major cryptocurrency gains. Despite the overall cautious market sentiment, where traders are favoring selective exposure,

XRP Price Analysis: Inverse Head-and-Shoulders Breakout Puts Ripple on Track $2.80

XRP has broken past the $2.50 mark, seeing a 31% increase in trading volume, which suggests a significant bullish structure following weeks of consolidation between $2.35 and $2.50. The momentum indicates a potential rise toward the $2.65-$2.80 range, buoyed by favorable macroeconomic conditions and

Dogecoin Hits $0.20 as Breakout Volume Triples Average

Dogecoin (DOGE) surged 1.8% to reach $0.20, breaking the critical resistance level of $0.1988 with a trading volume that increased by 170% above average. The move is attributed to renewed institutional participation, signaled by heavy trading of 674.52 million tokens, nearly triple the daily average. Currently,

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