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On October 12, according to US media reports, US Navy officials said on the same day that the US Navy dismissed the commander of the USS Wyoming (SSBN 742) ballistic missile nuclear submarine this week. The US Navy issued a statement saying that the commander of the Navys 10th Submarine Squadron, Rear Admiral Bob Worth, dismissed Lieutenant Commander Robert Moreno, who led the "Blue" crew of the USS Wyoming nuclear submarine, because of "loss of confidence in his command ability." US media said that the military usually removes commanders from their posts due to loss of confidence, but does not provide specific reasons for dismissal. The US Navys statement did not provide more information about the decision to remove Moreno, and a Navy spokesman declined to provide further details. The statement read: "Navy commanders must adhere to high standards of personal and professional conduct. They should uphold the highest standards of responsibility, reliability and leadership, and if they fail to meet these standards, the Navy will hold them accountable."According to TASS: Russian air defense forces shot down 32 Ukrainian drones at night.On October 12th, French Prime Minister Jean-Claude Le Cornu, who was reappointed by French President Emmanuel Macron as Prime Minister on October 11th local time, stated during a visit to a police station in the Paris suburbs that he currently only wants to focus on resolving Frances political crisis. Given the deep political divisions within Frances political parties, he could be impeached by the National Assembly at any time. Le Cornu declined to specify when he would form a new government or its potential composition, but did indicate that it would not include anyone interested in running in the 2027 presidential election.On the evening of October 12th, local time, Wilders, leader of the far-right Dutch Freedom Party, posted on social media that the Dutch National Intelligence Service had officially informed him that he was being targeted by a terrorist organization. As a result, he had decided to suspend all campaign activities. The Netherlands is set to hold parliamentary elections on October 29th, and Wilderss far-right Freedom Party is currently leading in opinion polls. According to multiple European media reports, the terrorist organization also orchestrated the recent attack on Belgian Prime Minister Thomas de Weve. The Belgian government has arrested two suspects in connection with the case.On October 12, according to the Russian Satellite News Agency, the Afghan Ministry of Defense issued a statement saying that in response to repeated Pakistani airspace incursions and airstrikes, Afghanistan had carried out retaliatory operations against Pakistani security forces along the border. The statement said, "The operation successfully concluded at midnight." The report also warned that "if Pakistan violates Afghan airspace again, the Afghan armed forces will resolutely retaliate to defend the border." Reports indicate that Afghanistan began striking Pakistan on the evening of October 11 in response to attacks in Kabul and Paktika Province in the early morning hours of the 10th. According to Afghanistans Dawn News Network, the conflict between Afghanistan and Pakistan has resulted in the deaths of 12 Pakistani soldiers. Reuters also reported that Pakistani security officials alleged that the Afghan side launched unprovoked attacks, with the two sides exchanging fire at more than six locations along the border.

Investor Hope for a Favorable Court Ruling Delivers XRP Price Support

Alice Wang

Aug 16, 2022 14:49

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XRP decreased on Monday by 0.13%. XRP fell by 0.63% on Sunday and finished the day at $0.3751.


As the day got off to a bullish start, XRP climbed to an early high of $0.3848. XRP declined to a low point in the late morning of $0.3660 after failing to surpass the First Major Resistance Level (R1) at $0.3871.


Before recovering in the late afternoon to close the day at $0.3751, XRP breached the First Major Support Level (S1) at $0.3690.


Updates on the current SEC v. Ripple lawsuit offered little assistance, while Chinese economic indices led to another session of declines.

Ripple momentum prior to the Hinman Docs Court Decision

In the continuing dispute with the SEC, Ripple obtained another victory. Judge Netburn granted Ripple's request on Monday for non-party subpoenas to be issued in order to verify seven recordings of public statements made by SEC officials.


Despite the fact that Bill Hinman was a former SEC Director, the SEC has yet to confirm or deny if he is the person in the video. The seven films in question include Bill Hinman's comments.


If it is confirmed that one of the seven is Bill Hinman, the Ripple defense team may have another avenue to attack Hinman and his 2018 address, which is now the focus of the case. Bitcoin (BTC) and Ethereum (ETH), according to the former SEC Director of the Division of Corporation Finance, are not securities.


Even though Ripple won, the decision had had a little effect on the price of XRP as investors awaited a more significant decision.


The SEC objected to a July Court decision that rejected its effort to rely on the attorney-client privilege to protect records relating to the William Hinman speech. The SEC objected on July 23, so a ruling might happen at any moment.