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May 30th - According to an AFP report on May 29th, Iranian state media reported on the 29th that Iranian authorities are preparing a "grand" funeral for the countrys assassinated former Supreme Leader Ali Khamenei. The funeral had been long postponed due to Irans war with the United States and Israel. Although the specific date is still uncertain, Iranian state television quoted Mohsen Mahmoudi, head of the Islamic Propaganda Coordination Committee, as saying, "A special headquarters has been established to prepare for the funeral, and various departments are currently making preparations and arrangements." Ali Khamenei, who led Iran for more than 30 years, was killed in the first wave of US-Israeli attacks that began on February 28th. His son and successor, Mojtaba Khamenei, was also injured in the attacks and has not made a public appearance since taking office.May 30th - According to recent reports from Japan, the Cabinet Office has released the latest statistics showing that the Ministry of Defenses machinery manufacturing orders for fiscal year 2025 will reach nearly 2.69 trillion yen, roughly tripling in the past five years. This accounts for nearly half of the governments public service orders totaling approximately 5.53 trillion yen for fiscal year 2025. It is understood that increased orders for equipment such as surface-to-air missiles and aircraft have driven up the total value of the Ministry of Defenses machinery manufacturing orders for fiscal year 2025.On May 30th, it was reported that on May 29th, Zhang Zhigang, Chairman and Party Secretary of the State Grid Corporation of China, and Zhang Wenfeng, General Manager and Deputy Party Secretary, held talks with Qian Chaoyang, Chairman and Party Secretary of China Southern Power Grid Co., Ltd., at the companys headquarters. Both sides stated that State Grid and China Southern Power Grid share common responsibilities in ensuring energy security, promoting energy transformation, building a strong energy nation, and serving the overall economic and social development. They agreed to focus on the 15th Five-Year Plan and further strengthen communication and deepen cooperation in areas such as technological innovation, policy recommendations, mechanism building, the electricity market, and industrial innovation to better promote high-quality development of the energy and power sector.May 30th - Data released today by the National Energy Administration shows that in April, my country issued 237 million green electricity certificates, of which 74.85% were tradable. In April, 71.1 million green certificates were traded nationwide, including 29.72 million green certificates traded for green electricity.On May 30th, it was reported that the U.S. 24th Marine Expeditionary Unit announced on the 29th that it had officially assumed command of the U.S. Southern Commands area of responsibility—specifically, the waters surrounding Latin America. According to the announcement, the unit has deployed over 1,300 Marines and sailors and has completed the handover from the previously deployed 22nd Marine Expeditionary Unit.

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.