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According to Nikkei: Japan and the European Union have drawn up an agreement on a satellite network plan.Slovak Prime Minister: We aim to reach an agreement with EU partners on stopping Russian gas supplies and sanctions package by Tuesday.July 12, Anthony Saglimbene, chief market strategist at Ameriprise Financial, said that as the US government reaches an agreement with trading partners such as Japan and South Korea in the coming weeks, most investors seem to expect the United States to avoid raising tariffs. "This is the expectation that the market has formed," Saglimbene said. "If we dont get such an outcome, then I think if the White House does implement some aggressive tariff measures, the market volatility in the short term may increase."Ukraine said Russia launched 623 drones and missiles during the night.July 12, according to a report by the Wall Street Journal on the 11th, US President Trump hinted that if Iran seeks to develop nuclear weapons, he will support Israel in launching a new round of strikes against Iran. According to reports, Israeli Prime Minister Netanyahu recently privately informed Trump that if Iran resumes the development of nuclear weapons, Israel will launch further military strikes against Iran. Trump responded that he was inclined to reach a diplomatic settlement with Iran, that is, to reach an agreement on the nuclear issue, but he did not oppose Israels plan. The report also stated that a senior Israeli official revealed that Israel would not necessarily seek explicit approval from the United States on the issue of resuming strikes against Iran. However, considering that the United States seeks to maintain diplomatic ties with Iran, Israel may also face resistance from the United States.

XRP Bears to Target Sub-$0.3650 on SEC Activity and Fed Fear

Alice Wang

Feb 15, 2023 16:12

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Tuesday saw an increase in XRP of 3.13%. Reversing a Monday decline of 1.14%, XRP finished the day at $0.38228. Since January 13, XRP has twice gone below $0.37.


XRP saw a negative start to the day, dropping to a low point of $0.36491 early on. After avoiding the First Major Support Level (S1) around $0.3624, XRP surged to a high of $0.38373 in the last hour. To close the day at $0.38228 XRP successfully overcame the First Major Resistance Level (R1) at $0.3787.

US Legislators Question Gensler's Strategies

There were no new developments in the SEC v. Ripple lawsuit on Tuesday that may have changed market sentiment. Following SEC actions against Kraken, staking services, Paxos, and Binance USD, US politicians offered relief (BUSD).


Gary Gensler and the SEC were the subject of increased scrutiny on Tuesday in the aftermath of the FTX bankruptcy.


A hearing titled Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets was conducted on Tuesday by the Senate Banking Committee. Gary Gensler and the SEC's shortcomings were brought to light by concerns about their regulation through enforcement and lack of SEC advice to crypto companies.


Legislators noted Gensler's appearances on morning talk programs and called for him to testify as soon as possible.


Investors saw the emphasis on Gensler and the SEC's enforcement-based regulation as advantageous, supporting a bullish day. The timing of Gensler's strategies is crucial for the SEC since Judge Torres, who is presiding over the case, is now in charge of the SEC v. Ripple.


The cryptocurrency markets will be hoping that Ripple succeeds so that US politicians are forced to take action against the SEC Chair. More crucially, the CFTC may take control if the records relating to the William Hinman speech are made public.


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