The Daily Editor

XRP spiked to $3.05 on doubled turnover before fading into consolidation, with whales offloading more than $300M as institutional desks repositioned ahead of a pivotal Fed decision.

The $2.99 floor held on repeated defenses, leaving price boxed between $2.99 and $3.05 while ETF deadlines and rate speculation loom.

News Background

XRP gained 3% in the 24 hours to Oct.

 » Read more about: XRP Traders Eye Bullish Breakout Toward $3.10. Here's Why  »

 » Read more about: 2 AI Energy Stocks to Buy Now that Might Be the Next Oklo  »

The Australian economy will be a net beneficiary of US President Donald Trump’s sweeping tariff regime, according to new research from EY Oceania that predicts the shake-up in the global trading system will spur extra investment and help local businesses export more globally.

Since April, Trump has unveiled sweeping tariffs in an attempt to close the US trade deficit and revive American manufacturing,

 » Read more about: Why Australia could be a surprise winner from Trump’s trade war  »

Wall Street keeps setting more records, and excitement about the artificial-intelligence industry keeps leading the way.

The Standard & Poor’s 500 climbed 0.4% to set an all-time high following mixed trading on Monday. The Dow Jones industrial average dipped 63 points, or 0.1%, while the Nasdaq composite rose 0.7% to its own record.

 » Read more about: Stock market keeps setting records as AI excitement keeps building  »

 » Read more about: Nebius: Rapid Stock Appreciation And Hype-Driven Valuation Make It A Sell  »

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 » Read more about: Ohio moves toward cryptocurrency for fees, services  »

The last one year has been tough for Indian equities, with benchmark indices Sensex and Nifty fighting multiple bouts of volatility amid global tariff wars, geopolitical tensions and other headwinds. This posed a challenge for equity mutual funds to limit their losses. Only a handful of equity mutual fund schemes managed to give positive returns during this period.

 » Read more about: Debt Funds Vs Equity Funds: Which is Better in 2025?  »

Appliance maker LG Electronics India has sold shares worth about 34.75 billion rupees ($391.88 million) to anchor investors including Blackrock and the wealth funds of Singapore and Norway as part of its $1.3 billion IPO.

Shares of the local arm of South Korea’s LG Electronics were allotted at the upper end of the ₹1,080 to ₹1,140 price band,

 » Read more about: LG Electronics India's IPO draws Norway, Singapore wealth funds as anchor investors  »

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A leading economist is warning that job creation in the U.S. economy is slowing to a crawl as the ongoing government shutdown precluded the release of the September jobs report last week.

 » Read more about: The US economy saw 'essentially no job growth' last month: Moody's  »

 » Read more about: AMD Stock Skyrockets on OpenAI Bet to Loosen Nvidia’s Grip on the AI Chip Market  »