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On March 25th, Pop Mart (09992.HK) held its 2025 annual results press conference. Chief Operating Officer Si De stated that LABUBUs celebrity friends will continue their "global travels," appearing at the World Cup in June and participating in the 100th Macys Thanksgiving Day Parade at the end of the year. Looking at the medium- to long-term plan, LABUBU will also have content formats such as picture books and movies, all currently in the preparation stage. Wang Ning, Chairman and CEO of Pop Mart, stated at the 2025 annual results press conference that the company aims to achieve a growth rate of no less than 20% in 2026.On March 25th, Morgan Stanley issued a report stating that Lao Pu Gold (06181.HK) performed strongly in the first quarter of this year, and its earnings per share for the first half of the year are expected to double year-on-year. The stock is attractively valued, currently trading at a forward P/E ratio of 13x for 2026, with upside risk to the earnings forecast. Management did not comment on fundraising needs but acknowledged tight cash flow. The bank believes that the recent sharp decline in gold prices has brought uncertainty to market demand, but it is also a good opportunity to test whether its brand strength can support a continued revaluation. Morgan Stanley raised its revenue and net profit forecasts for Lao Pu by 13% to 14% respectively, expecting year-on-year growth of 55% and 66% in 2026, reaching RMB42 billion and RMB8 billion respectively. Morgan Stanley maintained its target price for the group at HKD1010, but due to gold price volatility and demand uncertainty, lowered the target P/E ratio from 23x to 20x, maintaining an "overweight" rating.On March 25, the Peoples Bank of China issued the third tranche of central bank bills for 2026 through the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU) bond bidding platform via interest rate bidding. The issuance amounted to 60 billion yuan, with a maturity of 6 months and a winning bid rate of 1.48%.Shares of Pop Mart (09992.HK) in Hong Kong fell as much as 21% to HK$171.1. The news comes as Pop Marts net profit for 2025 is projected to surge 308.8% year-on-year, but revenue is below expectations.According to Japans Jiji Press, Japanese Prime Minister Sanae Takaichi has requested International Energy Agency Executive Director Fatih Birol to release additional oil reserves.

5 Things to Know in Crypto Today – XRP Surges on SEC v Ripple Optimism

Cory Russell

Oct 11, 2022 14:45

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Cryptocurrency Prices Hold Following the US economy's indicator-driven slump

With a $4.3 billion gain on Sunday, the cryptocurrency market snapped a four-day losing trend to close the day at $905.6 billion. Notably, despite four straight days in the red, the cryptocurrency market also broke a three-week losing skid. The value of the cryptocurrency market rose by $20.9 billion.


With a gain of 18.7%, XRP was among the top performers over the week. Price support came from hope for a successful conclusion in the SEC v. Ripple lawsuit.


But US economic data and Fed monetary policy are putting investors' appetite for risky assets to the test. Bets on 75 basis point Fed rate increases in November and December were driven by ISM Non-Manufacturing PMI figures and Friday's US employment report.


The likelihood of a 75 basis point Fed rate increase in November was 78.1% this morning, up from 56.5% on September 30. Notably, the likelihood of a 75-basis point increase in December has increased to 22.6% from 0% on September 30.


The IMF/World Bank Meetings will generate a lot of market attention later today. The World Bank and the International Monetary Fund (IMF) have issued warnings about the effects of central banks raising interest rates at the same time.

XRP Receives Support Due to Newfound Hope in the SEC v. Ripple Case

XRP increased by 2.87% on Sunday, closing the week up 18.7% at $0.5320. However, the overall crypto market value only saw a slight 2.36% growth. Investor hope for a successful resolution of the SEC v. Ripple lawsuit has lessened the impact of Fed concern on XRP price movement.


A crucial court decision has encouraged rumors that Ripple will win or, in the worst event, that the SEC would agree to a settlement. Expectations of a Ripple win were raised when the Court earlier this month overturned the SEC's argument to the Court's denial of the SEC's effort to shield the papers connected to the William Hinman speech under the attorney-client privilege.


Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman, Division of Corporation Finance, in a well-known 2018 lecture.


A Ripple response to an SEC objection to two amicus brief petitions fueled more XRP price support. The filings provide a new perspective on XRP that could not support the designation of XRP as a security. In a letter to the court, the defendants were forthright, concluding that the SEC had no business initiating this case in the first place if it couldn't assess the validity of such accusations.


In the end, it could depend on the Hinman documents. The general assumption is that the SEC will ultimately have to provide up the papers, despite the fact that it may appeal the Court's ruling. The consensus is that the SEC will try to reach a settlement at that point rather than allow the documents to be made available to the public.

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