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June 26 – The Hong Kong Special Administrative Region (HKSAR) Government today (June 26) published the relevant railway proposals for the Hong Kong section of the North Link branch line in the Gazette, in accordance with the provisions of the Railway Ordinance (Chapter 519). The HKSAR Government previously signed the first part of the project agreement for the North Link project (including the main line and branch line) with the MTR Corporation Limited (MTR), commencing the more mature and urgent works of the main line project, while simultaneously requesting the MTR Corporation to conduct detailed planning and design for the North Link branch line. The North Link branch line includes an approximately six-kilometer-long underground railway starting from San Tin Station on the main line, with approximately five kilometers in Hong Kong and approximately one kilometer in Shenzhen. The North Link branch line will have three new railway stations: two new stations in the San Tin Science and Technology City area (Zhou Tou and He Tao areas) in Hong Kong, and one new station at the new Huanggang Port in Shenzhen.June 26 - According to the Japan Meteorological Agency, a 5.8-magnitude earthquake struck northeastern Chiba Prefecture, Japan, at approximately 12:46 p.m. local time on June 26. The strongest tremor was felt at an intensity of 4, with a focal depth of 50 kilometers. Strong tremors were reportedly felt in the Tokyo area.Market news: An earthquake struck Tokyo, Japan, causing buildings to sway.On June 26, according to Qichacha APP, Beijing Jingtie Northeast Ring Railway Operation and Management Co., Ltd. was recently established. The legal representative is Zhang Ying, and the registered capital is approximately 8.9 billion yuan. Its business scope includes: sales of renewable resources; land remediation services; engineering management services; non-residential real estate leasing; overseas contracting projects; and construction engineering design. Qichachas equity penetration analysis shows that the company is wholly owned by China Railway Beijing Bureau Group Co., Ltd., a subsidiary of China State Railway Group Co., Ltd.Sources say Qatar is offering crude oil for July and August shipments through a tender process.

XRP Bulls Look for a Path to $0.40 on Pending SEC v Ripple Rulings

Cory Russell

Jan 12, 2023 15:28

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Wednesday saw an increase in XRP of 6.33%. Tuesday saw a rise of 0.46% for XRP, who closed the day at $0.37291. Significantly, XRP extended the winning run to four sessions by finishing the day at $0.37 for the first time since December 15.


XRP saw a negative start to the day, dropping to an early low of $0.34800. The price of XRP increased to a late high of $0.37834, avoiding the First Major Support Level (S1) at $0.3443. The Major Resistance Levels were broken by XRP before a short decline through R3 ($0.3718) to below $0.37. But after a strong session, XRP crossed back above R3 and finished the day at $0.37291.

The SEC v. Ripple Case: Investor Attitude Delivers $0.37

Investors were left to consider the most recent court filings since there were no updates from the ongoing SEC v. Ripple lawsuit to affect them.


The parties submitted their objections to the omnibus motions to seal on Monday. Notably, the Defendants kept concentrating on the records pertaining to the William Hinman speech, putting the possibility of a settlement on the table.


The SEC is steadfast in its effort to keep the substance of the records linked to the William Hinman speech out of the public eye, and these materials remain crucial to the case.


Investors are eagerly awaiting the outcome of the Summary Judgment Reply papers and the document redactions relating to the William Hinman address. There are still two court dates, but the rulings might be made at any moment.


Daubert Motions must be filed by the parties on January 13 and opposition to non-party motions to seal must be filed by both parties and non-parties on January 18, which was the original deadline.


While there will be interest in the files, the decisions on the redactions relating to the Hinman speech and the Summary Judgment Reply brief might be crucial. A settlement can result from a decision that the SEC cannot safeguard the information included in the records relating to the Hinman speech.


Investors should keep an eye on the SEC v. Ripple case developments today, as they might significantly influence the result, even though the overall crypto market will offer direction. However, XRP would be in the hands of the larger crypto market if there were no SEC v. Ripple news.


Initial unemployment claims and the US CPI Report will be of importance later today. A hotter-than-expected CPI Report and a decline in initial applications for unemployment benefits to below 200k would put the buyer's appetite to the test.

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