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1. Gravity 1 rocket is expected to launch from sea on September 16. 2. Dells family office is close to finalizing a privatization deal for Baldwin Group. 3. Metas Chief AI Officer: AI capabilities are developing rapidly, but the industry needs to proceed cautiously. 4. Hyundai Motor will launch its self-developed driver assistance system in 2029. 5. Anthropic has chosen to list on Nasdaq for its IPO. 6. Trump stated that the US must maintain its AI lead, downplaying calls to slow down AI development. 7. Zhipu raised $5 billion through a zero-interest-rate + premium stock conversion. 8. Anthropic has informed a small group of shareholders that its adjusted operating profit will be positive for the second consecutive quarter. On September 14, Nagen Technology announced on the Hong Kong Stock Exchange that it plans to issue 172 million H shares at a price of HK$32.96 per share for its Hong Kong listing; the shares are expected to commence trading on the Hong Kong Stock Exchange on September 22, 2026.On September 14th, Iraq announced on the 13th that it would gradually reopen three previously closed border crossings with Iran. These crossings will gradually reopen for passenger crossings and commercial trade activities from the 13th to the 17th. Recently, multiple drones originating from Iraq launched attacks on Saudi Arabias East-West oil pipeline, which Saudi Arabia strongly condemned. On the 12th, Iraq closed several border crossings with Iran and agreed to Irans request to conduct a joint investigation into drone launch platforms discovered near the border.The China Earthquake Networks Center officially measured a 4.1-magnitude earthquake in the sea area of Taitung County, Taiwan, at 06:44 on September 14, with a focal depth of 14 kilometers.1. Monday: ① Data: Canadas August CPI month-on-month rate; Chinas August M2 money supply year-on-year rate (to be determined). ② Holiday: The National Stock Exchange of India is closed for one day. 2. Tuesday: ① Data: Chinas August retail sales of consumer goods year-on-year; Chinas August industrial value-added year-on-year; UKs July three-month ILO unemployment rate; UKs August unemployment rate; UKs August jobless claims; Frances final August CPI month-on-month rate; Germanys September ZEW economic sentiment index; Eurozones September ZEW economic sentiment index; Eurozones July seasonally adjusted trade balance; US ADP employment change week-on-week for the week ending August 29; Canadas July wholesale sales month-on-month rate; US September New York Fed Manufacturing Index; Chinas August total electricity consumption year-on-year; Chinas August total electricity consumption (to be determined). ② Events: The National Energy Administration releases total electricity consumption data around the 15th of each month; the National Bureau of Statistics releases monthly reports on residential sales prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy. 3. Wednesday: ① Data: US API crude oil inventories for the week ending September 11; UK August CPI month-on-month rate, UK August retail price index month-on-month rate; Eurozone July industrial production month-on-month rate; US August retail sales month-on-month rate, US August import price index month-on-month rate, US September NAHB housing market index, US July business inventories month-on-month rate, US EIA crude oil inventories for the week ending September 11, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 11, US EIA strategic petroleum reserves for the week ending September 11. ② Event: European Commission President Ursula von der Leyen delivers her State of the Union address. 4. Thursday: ① Data: US Federal Reserve interest rate decision (upper limit) to September 16; Chinas August SWIFT RMB share in global payments; Switzerlands August trade balance; Eurozones final August CPI year-on-year rate and final August CPI month-on-month rate; UK central bank interest rate decision to September 17; US initial jobless claims for the week ending September 12; US August housing starts (annualized); US August building permits; US September Philadelphia Fed Manufacturing Index; US August pending home sales index (month-on-month); US EIA natural gas storage for the week ending September 11. ② Events: US Securities and Exchange Commission holds a roundtable discussion on 24-hour trading; Bank of Canada releases monetary policy meeting minutes; Federal Reserve FOMC releases interest rate decision and economic projections summary, Federal Reserve Chairman holds monetary policy press conference [simultaneous interpretation]; Bank of England releases interest rate decision and meeting minutes. 5. Friday: ① Data: UK September GfK Consumer Confidence Index; Japan August Core CPI YoY; Germany August PPI MoM; UK August Seasonally Adjusted Retail Sales MoM; Eurozone July Seasonally Adjusted Current Account; US August Industrial Production MoM; US August Conference Board Leading Economic Index MoM; China August Year-to-Date National Power Generation Capacity; China August Year-to-Date National Power Generation Capacity YoY (TBD); Bank of Japan Target Interest Rate to September 18 (TBD). ② Events: RBA Governor Bullock attends hearing; Bank of Japan announces interest rate decision; Bank of Japan Governor Ueda Kazuo holds monetary policy press conference. 6. Saturday: ① Data: US Total Oil Rig Count for the Week Ending September 18.

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.