Geopolitical tensions threaten the fragile undersea cables that form the 
backbone of our digital world.
The post Samanth Subramanian: Subsea cables are critical yet vulnerable infrastructures, fiber optics revolutionize data transmission, and privatization reshapes telecom funding | Odd Lots appeared first on Crypto Briefing.

Samanth Subramanian: Subsea cables are critical yet vulnerable infrastructures, fiber optics revolutionize data transmission, and privatization reshapes telecom funding | Odd Lots

XRP is showing strength as the market recovers from February&#8217;s lows, with the 
price pushing above $1.46 and derivatives activity rebuilding across major 
exchanges. The move is constructive on the surface — but a CryptoQuant report 
tracking the flow data beneath the price action has identified a structural 
divergence that complicates the straightforward bullish reading considerably. 
Related Reading: Altcoin CEX Volume Ratio Hasn’t Looked Like This Since The 
2021 Bull Run: Capital Rotation Or Bear Market Rally? The open interest 
picture confirms that leverage is returning. On Binance, XRP open interest has 
climbed from approximately 207 million on April 30 to nearly 232 million today 
— a meaningful increase in derivatives positioning over a short period that 
reflects growing trader participation as the price recovers. In isolation, 
rising open interest during a price advance is a normal feature of a 
strengthening market. The CryptoQuant analysis looks beyond the open interest 
number to what is driving it — and that is where the divergence emerges. The 
relationship between price action, spot demand, and perpetual futures flow is 
not telling a single coherent story. It is telling three different stories 
simultaneously, and the gap between them is the signal that determines whether 
the current move represents genuine recovery or a derivatives-driven advance 
without the underlying demand structure to sustain it. Understanding which 
story the data ultimately supports is what separates a breakout from a 
headfake — and it is the question the CryptoQuant report is built to answer. 
Price Up. Spot Demand Flat. Futures Fighting the Move. This Is Not a Clean 
Breakout The CryptoQuant data identifies the specific tension beneath XRP&#8217;s 
advance with precision. Binance Perpetual CVD has dropped to approximately 
-$434 million — its lowest current reading — even as open interest on the same 
exchange continues climbing. Two metrics moving in opposite directions on the 
same venue confirm the central finding: perpetual futures traders are not 
riding the price recovery. They are selling into it, or at a minimum, 
positioning defensively against it. The spot market adds a second layer of 
concern. All CEX Estimated Spot CVD has declined to approximately $575 million 
despite XRP pushing above $1.46. If the move were being driven by genuine, 
broad-based spot accumulation, that number would be rising alongside the 
price. It is not — which weakens the case that real underlying demand is 
powering the advance. The leverage rebuild is not isolated to Binance. On May 
11 alone, open interest increased by approximately $18 million on Binance, 
$10.4 million on OKX, and $8.5 million on Bybit — a combined $36.9 million 
added across three major venues in a single session. Derivatives participation 
is expanding across the ecosystem simultaneously. The structure that emerges 
from all three data points is specific and honest. Price is rising. Leverage 
is rebuilding. Spot demand is not following. That combination does not 
describe a bullish breakout — it describes a derivatives stress test, where 
the market is determining whether organic demand is strong enough to validate 
a move that futures positioning is currently fighting rather than supporting. 
Related Reading: Ethereum Cools Off Below $2,450 – Lower Leverage Sets The 
Stage For A Breakout XRP Holds Recovery Structure While Bulls Test Key 
Resistance XRP is trading around $1.44 after spending several weeks 
consolidating above the critical support zone that formed following February’s 
capitulation event. The chart shows a market attempting to transition from 
defensive stabilization into early recovery, but momentum remains constrained 
beneath a major resistance cluster. Technically, XRP has improved considerably 
from the February lows near $1.10. Buyers successfully reclaimed the 50-day 
moving average and pushed the price back into the $1.40–$1.50 region, which 
now functions as the most important short-term battleground. That area has 
repeatedly rejected upside attempts since March, showing that supply remains 
active whenever XRP approaches breakout territory. Related Reading: 14,600 
Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It 
Below $80K At the same time, sellers have failed to force a meaningful 
breakdown despite multiple pullbacks. XRP continues printing higher lows from 
the April bottom, while the short-term moving average is beginning to flatten 
beneath price. That combination suggests bearish momentum is weakening 
gradually rather than accelerating. Volume also supports the consolidation 
narrative. Trading activity remains far below the panic-driven spikes seen 
during February’s collapse, indicating the market has moved out of forced 
liquidation conditions and into a more balanced environment. The broader 
structure still remains fragile while XRP trades below the 100-day and 200-day 
moving averages. However, if buyers reclaim and hold above the $1.50 region, 
the next upside target would likely emerge near $1.65–$1.70. Featured image 
from ChatGPT, chart from TradingView.com

XRP Breaks $1.46 Despite $434M In Futures Selling – Discover What Comes Next

The concentration in mega-cap tech stocks heightens market vulnerability, 
risking increased volatility and undermining diversification benefits.
The post S&amp;P 500 market breadth weakens to 22%, lowest levels since 1996 
appeared first on Crypto Briefing.

S&P 500 market breadth weakens to 22%, lowest levels since 1996

The postponed summit may accelerate China&#8217;s digital currency strategy, 
impacting global trade dynamics and increasing market volatility.
The post Trump postpones Beijing summit with Xi amid Iran conflict, rattling 
oil and crypto markets appeared first on Crypto Briefing.

Trump postpones Beijing summit with Xi amid Iran conflict, rattling oil and crypto markets

The GCC&#8217;s new logistics routes could reshape regional trade and heighten 
geopolitical tensions, impacting global oil markets and security dynamics.
The post Iran conflict prompts GCC to bypass Strait of Hormuz with new 
logistics routes appeared first on Crypto Briefing.

Iran conflict prompts GCC to bypass Strait of Hormuz with new logistics routes

Nvidia&#8217;s reliance on the Chinese market highlights the vulnerability of tech 
firms amid US-China tensions, impacting stock valuations and policy.
The post Nvidia CEO Jensen Huang excluded from Trump&#8217;s China trip, then joins 
last minute appeared first on Crypto Briefing.

Samanth Subramanian: Subsea cables are critical yet vulnerable infrastructures, fiber optics revolutionize data transmission, and privatization reshapes telecom funding | Odd Lots

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