XRP bounced from Friday’s lows of $2.18, rising as much as 13% to start the week. XRP whales remain confident about the prospects of a further rally, using the recent pullback to accumulate more tokens.
Earnings reports next week, including from Tesla and Netflix will provide a deeper look at U.S. corporate profits while delayed U.S. inflation data will mark another test of the stock market, which has become shakier even as it remains around record highs.
Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever compensation plan awarded to a company chief.
| China is expected to keep benchmark lending rates steady for the fifth consecutive month in October, as policymakers remain cautious despite a recent flare-up in trade tensions between Beijing and Washington. |
The U.S. dollar notched a third consecutive session of losses against major currencies including the euro, yen and Swiss franc, amid U.S.-China tensions and as markets assess remarks from Federal Reserve officials.
Oracle expects cloud infrastructure revenue to be $166 billion in fiscal 2030. CEO Clay Magouyrk gave the prediction during a meeting with financial analysts, sending shares up 5%. Oracle said last month that it has racked up hundreds of billions of dollars worth of infrastructure bookings
