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Bernstein raised its target price for Nvidia (NVDA.O) from $275 to $300.On February 26th, European Central Bank President Christine Lagarde stated that the ECB will closely monitor for any indication that the widespread application of artificial intelligence across the economy has led to job losses. When asked about the impact of AI on growth and inflation, she said that significant investment in this technology is taking place not only in Europe and the US, but its effects are already beginning to emerge; however, the impact on employment has not yet materialized. Lagarde stated, "Current literature suggests that large-scale investment is leading to some degree of productivity improvement. However, we have not seen the expected changes in the labor market, nor have we seen large-scale layoffs, and we will continue to monitor this closely."A senior Iranian official stated that during the negotiations, the Iranian and American negotiating teams will hold repeated meetings and consultations with the Omani Foreign Minister and IAEA Director General Grossi, if necessary.A senior Iranian official stated that if the main issue in the negotiations is Irans non-development of nuclear weapons, which aligns with the leaderships directives and Irans "defense principle," then an immediate agreement is achievable. Iranian Foreign Minister Araqchi has sufficient support and authority to reach such an agreement.February 26th - Data from the National Energy Administration shows that in 2025, the energy sector effectively promoted investment and stabilized growth. Effective investment in key areas of energy security continued to expand, and investment in new energy green transformation business models accelerated. By the end of 2025, investment in key power generation projects nationwide increased by 10.3% year-on-year, and investment in key power grid projects increased by 7.1% year-on-year. The growth rate of energy investment was at a relatively high level compared to other major industries.

XRP Price Action Turns Bearish as the SEC v Ripple Case Gains Momentum

Alice Wang

Oct 26, 2022 15:26

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3.32% less XRP was traded on Monday. XRP lost the 0.75% gain it had on Sunday and finished the day at $0.45344. For the first time in four sessions, XRP closed the day below $0.46, snapping a three-day gain run.


The day got off to a rocky start with XRP reaching an early high of $0.47322. The price of XRP dropped to a low of $0.44800 in the early afternoon after failing to pass the First Major Resistance Level (R1) at $0.4768. Before temporarily returning to $0.46, XRP breached the First Major Support Level (S1) at $0.4565. However, a negative day's finale caused XRP to retrace through S1 and finish at $0.45344.


Investor perception of the SEC v. Ripple lawsuit has changed to one of caution as the parties get closer to a potential resolution.

Investors Grow Wary of the SEC v. Ripple Decision

Over the weekend, the market provided support, but on Monday, sentiment shifted to the downside. After the parties submitted public, redacted copies of the opposing papers on Monday, updates have not yet been made.


Although the Defendants have recently received positive court rulings, the case's advancement is starting to pick up speed. We anticipate that XRP price volatility will increase as the case develops in reaction to updates and chitchat from both sides.


The materials associated with the Hinman speech continue to be a topic elsewhere. The SEC requested "in camera review suggested redactions to two versions of Director Bill Hinman's June 2018 speech that reference ongoing findings before the Commission," and investors are awaiting the court's reaction.


The SEC intends to use redactions to keep the information from becoming public after failing to protect the documents relating to the Hinman speech under the attorney-client privilege. Investor resolve would be put to the test if the SEC won the case.


Despite the SEC's best efforts, William Hinman continues to play a significant role in the SEC v. Ripple case. Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman, Division of Corporation Finance, in a well-known 2018 lecture.

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